As expected, even a small sliver of Donald Trump’s tax returns proved to be interesting and infuriating. The rise and fall and rise (and fall, and rise) of Trump serves as a primer on success and failure in America.
The business fortunes of Trump have oscillated from runaway success to total disaster multiple times. However, the situation gravitates towards money- his fortunes are rooted in the money and connections he inherited. Thus, even when his net worth was well below zero, he could act in a way that most broke Americans could never. Failure as a celebrity real estate mogul seems to resemble deferred success. And as his tax returns show, massive loss can be turned into gain. Never mind that most American carry around debt for years, if not their whole lives.
But the ability to fail is in itself a privilege. Many Americans fail once financially, and never return to a place where it could happen again. Hardship is not a short, confined phase in a larger journey, but rather becomes built into the structure of life.
Yet seeing the continuous wave of protests against police violence in cities, it becomes clear that whole population can never fail, for the system has not and will not let them succeed. There is no money for food, childcare, the same benefits that well-off children and their families have. The school system is dysfunctional and higher education is both remote and expensive. Deindustrialization, trade pacts, and outsourcing have stripped communities of decent work with benefits. Reading Matthew Desmond’s Evicted a few weeks back, his case studies lacked the money to both pay rent and do anything else. Kids attended a dozen different schools, grew up more often in the streets than in the home. Hardship was passed down generation to generation.
In America, only the wealthy can succeed and fail like Donald Trump has.