DAVE ROSS

Ross: How to succeed in America — have a rich dad

Oct 3, 2018, 6:17 AM | Updated: 6:23 am

Trump...

President Donald Trump arrives to speak at a campaign rally at the Landers Center Arena, Tuesday, Oct. 2, 2018, in Southaven, Miss. (AP Photo/Evan Vucci)

(AP Photo/Evan Vucci)

There is a huge New York Times exposé this week showing how Donald Trump really got his money. It blows away the story of a self-made man who started with a $1 million loan from his dad.

RELATED: Where’s the fairness in news about Trump?

According to the Times, what documents show is that by fudging property values and disguising gifts to his children as business expenses, Fred Trump (Donald’s dad) evaded most of the inheritance tax and handed his son the equivalent of $413 million – free and clear.

I realize there is an aroma of fraud here. But my guess is that for every American chanting “Lock Him Up,” another American is chanting “Show Me How.” In fact, Donald Trump’s tax strategy has made him a role model on motivational videos.

“It would absolutely shock me if Donald Trump paid taxes, he would have the worst tax advisors on the planet,” one video says.

These videos teach that the whole purpose of the tax code is to punish wage earners and reward investors who borrow money and put it into things like real estate.

“The tax law is set up to help you become more wealthy, but you have to do what the government wants you to do.”

Maybe that’s the real divide in America — the paycheck suckers vs the clever investors. The choice is yours.

But based on the Times article, if you do go the investor route, make sure you choose a rich dad.

Please follow our Community Guidelines

Dave's Commentary

Dave Ross on KIRO Newsradio 97.3 FM
  • listen to dave rossTune in to KIRO Newsradio weekdays at 5am for Dave Ross on Seattle's Morning News.

Dave Ross

Image: From left, Chris Sullivan, Dave Ross and Colleen O'Brien stand together in the KIRO Newsradi...

MyNorthwest Staff

Dave and Colleen’s final ‘SMN:’ KIRO colleagues, politicians say their goodbyes

"Seattle's Morning News" on KIRO Newsradio will soon have a new sound. On Thursday, Dave Ross and Colleen O'Brien will host their last show together after a decade of co-hosting.

2 years ago

Classical literature on bookshelves. (Photo by Richard Baker / In Pictures via Getty Images)...

Dave Ross

Dave Ross as you’ve never heard him before: ‘I like fat books and I can’t deny’

"This song, inspired by one of my first interviews when I started my talk show, which was Sir Mix-A-Lot," Dave Ross said.

2 years ago

national debt...

Dave Ross

‘Don’t cut a cent:’ Dave Ross on why the national debt never gets under control

The national debt now exceeds $36 trillion, and every president says it has to be under control. And yet, it never is.

2 years ago

voters hormone...

Dave Ross

Ross: Voters weren’t just voting for change, they were voting for a hormone

The more I read the post-election analysis, the more I’m convinced voters weren’t just voting for a change – they were voting for a hormone.

2 years ago

ross o'brien - Seattle's Morning News...

Frank Sumrall

Dave Ross, Colleen O’Brien departing after co-hosting ‘Seattle’s Morning News’ for a decade

Dave Ross and Colleen O'Brien, the co-hosts of "Seattle's Morning News" on KIRO Newsradio are both leaving the show.

2 years ago

election day...

Dave Ross

Dave Ross: Election Day and Decision Day are two separate things

Tomorrow is Election Day – that’s what the calendar says. But there are two problems with the term "Election Day."

2 years ago

Ross: How to succeed in America — have a rich dad