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SEPTEMBER

**29, 2020**

Meyerson on TAP

Trump, Taxes, and Golf: Not Remotely Up to Par

My co-conspirators David Dayen

and Bob Kuttner
have
written excellent pieces today on how Donald Trump's ability to avoid
taxes illustrates the plutocratic bias of our tax code, which is
primarily devoted to enabling the rich to get richer. I have no such
systemic deep dives to offer our loyal readers, but I do want to
highlight one aspect of The New York Times' revelations about the
president's finances: how his golf courses have helped wipe him out.

As the

**Times**recounts
,
Trump made a mint on his series

**The Apprentice**, simultaneously setting the bar for falsified reality
shows. He then invested that mint in no fewer than 11 country clubs,
perhaps in the belief that soaking the status-conscious rich for their
dues was an easier way to make money than stiffing the contractors and
workers on his construction projects.

Turned out it wasn't. Trump has taken a bath on his golf courses, with
Miami's Doral leading the way down.

I don't profess to be an expert on the finances of golfing
establishments. Until the

**Times**posted its story, when I thought of golfing finance what came
to mind were sentiments such as "Bet ya five you blow that putt."

Now that I've been compelled to ponder this subject, however, it
occurs to me that there are countless municipalities that own public
golf courses, and I don't know of one of them that has accumulated the
kind of monetary misfortunes that Trump's accrued due to its public
provision of affordable golf. Trump may well be singularly inept when it
comes to the country club business, but it also may be that golf-like
the national defense, health insurance, and education-is better
entrusted to the public sector than the private. It's certainly better
entrusted to the public sector than it is to a megalomaniacal wannabe
tycoon like Trump.

~ HAROLD MEYERSON

Follow Harold Meyerson on Twitter

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What We Can Do About Trump's Tax Returns

It starts by actually following through on longtime campaign promises to
make everyone pay their fair share. BY DAVID DAYEN

All the President's Tax Scams

Trump took it to a typical extreme, but the scandal is what's legal.
BY ROBERT KUTTNER

Hawkish Dem Sherman Is Next in Line to Replace Engel as Foreign Affairs
Chairman

Rep. Brad Sherman is heavily funded by the defense industry and
pro-Israel PACs. BY EOIN HIGGINS

Unsanitized: Flying to the Unemployment Lines

Plus, the genuinely difficult debate over schools. This is The COVID-19
Daily Report for September 29, 2020. BY DAVID DAYEN

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