Wednesday, October 7, 2015

Quote du jour

Trump believes he should be president because of his business savvy. But he has, in effect, shrunk the large inheritance he received from his father. In 1982, Forbes reported Trump’s net worth at $200 million. Vox calculates that if he had put that in an index fund “at a 0.15 percent fee, he’d have $6.3 billion today after dividend taxes, almost certainly more than he actually does.” And an Associated Press analysis showed that if in 1988 he had put his money in an index fund he would have $13 billion.
-George Will

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