How Government (aka 'socialism') helped Donald Trump's father get rich, and Donald, himself

My how the rich love getting rich with socialism. And don't say 'it's not socialism' if you have ever called a Democrat 'socialist'. Be consistent, please.

So taxpayers gave Fred Trump, who is Donald Trump's father, he got many cheap government backed loans and subsidies for his housing projects in NYC, making him rich, and this is the same wealth Donald Trump inherited, worth over $400,000,000 in today's dollars. And how does Trump pay US Taxpayers back? He didn't, he lied on his tax forms bilking the US Taxpayer out of millions.

Now, I don't fault Fred Trump from using the cheap loans to build housing projects, that is what the programs were for, to provide low cost housing in NYC burroughs. Nor do I fault Trump for inheriting his father's money. I do fault Trump for lying about his inheritance ( he claimed he only got $1 million from his father, and that is a lie, he got many times more than that, according to various reporting), and cheating on his taxes (if it is proven he did cheat, and I think this NYT article provides a good case for that allegation, not to mention Trump,org, his namesake, has been indicted on fraud charges).

https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html

The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.

https://reason.com/2018/10/08/trump-finances-subsidies-tax-fraud/
"Fred Trump would become a millionaire many times over by making himself one of the nation's largest recipients of cheap government-backed building loans," the report says, citing Gwenda Blair's book The Trumps: Three Generations of Builders and a President. And the elder Trump passed on both the knowledge of how to use subsidized loans for personal profit and the profits themselves to his son:

Fred Trump began taking steps that enriched Donald alone, introducing him to the charms of building with cheap government loans. In 1972, father and son formed a partnership to build a high-rise for the elderly in East Orange, N.J. Thanks to government subsidies, the partnership got a nearly interest-free $7.8 million loan that covered 90 percent of construction costs. Fred Trump paid the rest. But his son received most of the financial benefits, records show.​

Within just a few years, the younger Trump was earning the contemporary equivalent of $305,000 annually from the project. Government subsidies combined with parental largesse made his early earnings effectively a free ride.