My evidence is that it resonates with me, a ton of posters on this forum, I’ve seen it all over FB, and I even saw it on the local news today and if it becomes a think I KNOW it will drive Trump nuts.
My counter-evidence is it doesn’t resonate with you.
News of Trump’s brokeness has reached Oklahoma. Lock it up.
https://twitter.com/DanAlexander21/status/1310592808517013504?s=20
This is what they peg his liquidity at.
These aren’t the same thing though. If you challenge a suspected killer to drink water, he can drink it with impunity. But if you say you don’t think all of those people he allegedly killed are dead, he’s not gonna hand you a map to the buried bodies. They can press him on any aspect of this and he will give evasive answers. It’s why both Anthony Jeselnick and Andrew Weissman said they were told that his finances are a red line–because it’s where all the bodies are buried.
"This guy’s so broke, that when he cheated on his taxes and sent a $750 check from him tacky gold tower, the IRS was like, “meh, looks about right.’”
https://twitter.com/AnnCoulter/status/1310772722142777344?s=20
Is this one of the signs of the apocalypse?
When pushed on it the most he’s gonna do is say “I’m very very rich, believe me.” To which I hope Biden replies
“Show me the money.”
or
“Where’s the fuckin’ money, shit head?”
LMAO at Ann fucking Coulter putting this on Democrats to fix. How about you stop shilling for the party giving the billionaires tax cuts ad nauseum, Ann?
Yup. And that’s exactly what they should roast him on.
I mean, I think a question that they need to keep asking Trump is who loaned him $421m? People like mysteries (or don’t like mysteries, as the case may be)
This is correct, imo. Just dismiss him as a broke fraud.
It’s a trap!
This is not right. Everyone knew about how flashy Trump was, but everyone knows you can live a flashy lifestyle and be broke, ESPECIALLY Republicans. He’s basically on par with the people who drive around in old cars with rims that are worth twice as much as the car and act like they’re rich. Plus, he has spent his whole life bragging about his wealth and business acumen. This gives everyone a peak under his skirt and lets everyone in on the embarrassing state of his finances. You are absolutely correct that the big hit from this is not $750 in taxes, bro? But the fact that his finances are embarrassing and a disaster is exactly where people need to hit him, because that’s his whole persona.
Maybe this is a bad take, but I have to think Trump can make enough money off of his brand if/when he leaves office to pay off his debts. People are going to be much more willing to buy whatever he’s selling.
True, but he will also have to face lawsuits for the rest of his life on top of his debt. So he will be grifting like wild when he gets out of office, but a huge chunk of it will be going to lawyers and I’m assuming paying off some of the lawsuits.
Can you appeal civil suits to the supreme court? If so then maybe not, if not then I expect him to lose a lot of cases.
So yeah he will probably never be broke broke, but he will spend the rest of his life miserable fighting court battles.
Although I’m not sure how much love he will get from his supporters if he loses and for how long. Eventually they will get bored of him when he can’t own the libs anymore. I think even the Trump news channel would fade out and go bankrupt after a few years after people get bored of a poorly run, insane ranting shit news show.
If he loses the libs will be owning him, he will be a loser, and demcorats will all go from reacting in anger and horror to the shit he does as president, to laughing and mocking him once he has no real power.
I don’t think we will get a Bush 2 where everyone denies they voted for him, people have been too open about loving him to do that unlike Bush, like everyone in your inner circle knows if you love Trump. They will still defend him if confronted directly, but he will lose a ton of pull with his cult when he can’t deliver anymore. They will just stop talking about him altogether and they will shift to how bad democrats are like they did during Obama.
Like if liberals post something about how bad Trump was a year after his presidency if he loses, I expect most Trump supporters won’t reply at all.
Will be interesting to see what direction fox news goes if Trump loses. For years stuff will be coming out about all the horrible shit that happened under his Administration. Will Fox news try to reign his supporters back in, remember before Trump won the primaries they pretty much hated him and shit on him constantly.
They can either continue the craziness and fully defend Trump and call democrats evil satanists trying to hurt the god king, or they can try to pull back and be more moderate like wow yeah he was still a good president but some really bad shit happened under him. I think the ultra rich would prefer to pull the party back from insanity somewhat, but who knows if their audience will let them.
I don’t think the insanity is good for their election chances in the future and they will need to pull back the educated suburban whites who are fleeing to Biden to win in 2024/2028 before its too late.
From that Forbes tweet thread. They add up Net Operating Income of buildings he owns, get to about 100 million based on recent filings, say he has a few other smaller ones, then move to valuing them all at 2.3 billion. Earlier on it’s implied, I think, that they do that valuation by using an estimated cap rate to go from NOI to value. It would seem they use around 5% for that. It’s way beyond me to say if that’s reasonable.
His debt is also itemised and is about a billion, but I don’t think all of that is personally secured.
I think pretty much everyone in the thread is correct. He is a billionaire based on how we measure such things. He does have a lot of debt. Prima facie unless he manages to sell some of these assets, many of which are buildings he doesn’t own outright, he can’t repay.
(Overall Forbes gives him another billion in value, it’s not in the tweet thread where that comes from.)
That is not at all what the thread has agreed on. Every single poster with actual expertise thinks he’s 12-18 months from fully bankrupt at best.
As/when he can’t repay he is, presumably, bankrupt.