I’m not smart enough to look at his financials and stake a claim one way or another regarding his brokeness.
What I do know is that he is one of the greatest grifters of all time who literally is leading a death cult that has sucked in half of the god damned country.
He will never be hurting for money, that is absolutely wishcasting. If/when he leaves office, he can grift a half a million a pop a night in speeches alone.
Fraud or tax evasion might well be a thing that gets him, but cmon guys he isn’t going broke.
My accountant tells lots of stories. Mostly about numbers you think would be big problems but essentially just turned into negotiations. Putting value on things is somewhat subjective. 5M vs 2.5M is in that range. 100M is not.
Of course this is for normal folk. Given the current environment, an out of office Trump might find himself in hot water w the IRS for a coffee stain on his return.
As they say, if owe the bank 100 dollars that’s your problem, if you owe the bank 100 million dollars that’s the banks problem. Donnie Dumb Dumb is an “owe the bank 100 million” kind of guy.
This is a nice saying, but if there’s one thing the legal system is built for it’s satisfying creditors. (Though threats of bankruptcy can make bankers act nice.) And bankers are paid in part for knowing the collateral is worth more than the loan.
Think the right approach is a combo of what’s been discussed, but to trigger him things have to be personal and threatening. Something like, “you’ve built nothing. You created nothing. You paid nothing in taxes because you have nothing. You’re a poor pitiful liar who squandered your father’s fortune then stole from the American people. At least Al Capone had style. You’re the embodiment of the cancer infecting the country and will be treated like a metastatic tumor. Bc the American people will take action and not just hope that one day you’ll magically disappear.”
This fantasy is brought to you by a morning blueberry scone.
Someone around here knows bankruptcy law, but not me. All i know is that it’s complex. I’d randomly guess that it would take a few years and whatever he earned would accrue to the bankruptcy estate. (But i have no idea if that’s accurate.)
I had not considered the possibility of this. This is actually kind of awesome. Trump ravaging the GOP one last time as a tapeworm and keeping them from changing directions toward political relevance… that’s the way to one party rule if I’ve ever seen it.
I like this in particular because he is extremely unlikely to actually answer, so you can scandalize it.
Joe: Who lent you $421 million?
Trump: I’ll be happy to disclose that after blah blah bullshit bullshit.
Joe: C’mon man, what are you hiding? Who do you owe $421 million to???
Let the media chase it, keep it in the news, dominate a month of airtime with it.
There are still scenarios in play where the Republican party is destroyed by Trump. Just imagine them trying to forge a post-Trump future if Trump is still alive and kicking and trying to be politically relevant. A big component of his grifting will be siphoning off R’s by attacking them. Tens of millions of Americans will enthusiastically fall in line. Sitting Congressmembers could defect to Trump.
Another dimension of the 2020 election being of massive, outsized importance.