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by dangerlibrary 3504 days ago
I was responding to the parent comment which claimed Trump was unlikely to be in debt. I don't think I criticized the use of debt as an investment vehicle for real estate, per se - my goal was to lay out a few facts about Trump's past business practices and the reasons why people are interested in his tax returns and concerned about possible conflicts of interest. You're right that debt is an excellent vehicle for real estate investment. I have a mortgage - it would be pretty hypocritical of me to disagree.

The vehicle for the conflict of interest isn't what's interesting. I would still be concerned if a tech founder with a bunch of unknown private investors were to be elected to public office. More concerned if that founder refused to release any information about those investors, the amounts invested, or cap table. Even more concerned if that founder refused to put their stake in the company in a blind trust.

Many of our laws and the powers we grant our public officials rely on the assumption that someone who is in high public office got there for reasons other than to enrich themselves. In Trump's case, he may have other motives, but he's flaunted historical precedent in not releasing his tax returns or even attempting to remove the appearance of conflict of interest. Whatever you think of Clinton's relationship to the Clinton Foundation, we have the data because it was all publicly disclosed. We know nothing about Trump.