We don’t often agree with President-elect Trump, but in this case we are happy to come to his defense. Over the last several weeks, Trump thinks he has been the victim of a series of vicious and baseless accusations in the media that his real estate assets are too “vast” to easily divest from. They’re not.
Trump confirmed today that he would be able to divest easily, tweeting “The media tries so hard to make my move to the White House, as it pertains to my business, so complex – when actually it isn’t!”
That’s because most of Trump’s “assets” are license agreements that put his name on properties he does not own and products he does not make. He doesn’t even own most of Trump Tower.
That would make divesting rather easy. Here’s the process:
- Step 1: Liquidate assets;
- Step 2: Put the proceeds in a blind trust.
And, he’s done!
This is the only way to prevent Trump – or his adult children – from profiting off of the presidency, or from making decisions that are good for the business but bad for the country.
After all, as Trump tweeted on November 30th: “The Presidency is a far more important task!”