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You Keep Using That Word. I Do Not Think It Means What You Think It Means
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The point Trump's defenders - and even some of his detractors - miss about the New York Times tax revelation, and what makes Rudy Giuliani calling Trump a genius for paying no taxes ridiculous, is that he managed to lose, if he was telling the truth, almost a billion dollars in a year that rival operators were making big profits. And we already know that if he'd taken daddy's money at the outset and just put it in an index fund, he'd have done better than he did with investing. So, it goes to one of his main contentions as to why he'd make a great president: Turns out he sucks at business. Being able to use the tax code to do better but in reality doing much worse than practically any other investor is not something to be proud of. (New York Times)
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