Trust in Government and Wealth Management
With the ongoing political discourse and the upcoming elections, many are reconsidering their trust in political figures to manage their financial affairs, especially when it comes to something as crucial as managing a college tuition fund for their children. This article explores the concerns and perspectives surrounding the potential trust in former President Joe Biden and the late former President Donald Trump to handle such sensitive matters.
Uncertainty and Mistrust in Government
The sentiment of mistrust in governmental figures is deeply rooted and understandable, often stemming from a history of personal and political scandals. One user explains, 'I have developed a mistrust for anyone in any governmental position. I will manage the money myself.' This stance is reflective of a broader dissatisfaction with the political class and their handling of financial matters.
Joe Biden's Reputation
When it comes to Joe Biden, the choice is often tilted towards maintaining the status quo in terms of wealth management. One user states, 'Joe Biden clearly.' However, history paints a different picture. The Trump Foundation faced criticism for self-dealing, and Donald Trump's Trump University is a well-known fraud. Given these precedents, managing someone else's financial assets, such as a college tuition fund, would be a risky venture with Biden.
Concerns About Trump's Financial Ethics
The idea of entrusting financial assets to Trump is met with considerable skepticism, especially given his track record. The comment, 'Trump was required to shut down his own Trump Foundation for self dealing. Trump University was another fraud he perpetrated. He takes his political donations and uses them to pay his legal expenses,' highlights the financial irregularities associated with Trump. Managing someone else's money with such a history would be a breach of trust and ethical standards.
Personal Financial Advisors Over Politicians
Reliable financial advice often comes from seasoned professionals who have a track record of success. Another user emphasizes the importance of their current advisor, stating, 'I don’t think either of them is a competent financial advisor. I’d trust the guy I have now though since he knows what he is doing and has been doing it for me for ~20 years although not my kids college tuition fund but my retirement fund.' This highlights that personal financial security is often best managed by those who have a proven track record and expertise.
Biden and the Perception of Theft
There are those who argue strongly against Trump and would prefer Biden, as the comment, 'Biden of course. Trump would steal every fucking penny he could get his grubby hands on!,' demonstrates. However, even those advocating for Biden admit to mistrust, as another user criticizes, 'That is like asking if I would prefer to be boiled in oil or roasted over an open flame. I don’t want either of those Jurassic Jerk-Offs near my hard earned money.' This sentiment underscores a broader distrust and skepticism towards political leadership in handling financial affairs.
Legacy and Inheritance Fraud
There are also those who argue against both candidates, citing Trump's history of fraudulent activities, such as the rip-off of his own brother’s family for inheritance. The comment, 'Donald Trump ripped off his own brother’s family for their inheritance,' highlights a concerning legacy of unethical behavior.
Conclusion and Final Words
In conclusion, the choice to trust Joe Biden or Donald Trump with managing a college tuition fund is fraught with significant ethical, financial, and trust concerns. It is often more advisable to rely on a personal financial advisor who has a proven track record, rather than political figures who have struggled with financial integrity and ethical issues.