General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs Trump even solvent? Do we know?
I mean, is this why he isn't divesting, because he's underwater? Do we have any actual way of knowing if he's solvent or not?
metroins
(2,550 posts)I'm not trying to support Trump at all, but he does have a lot of businesses, solvent or not. This means he has wealth, taxes, legal and pride issues with them all.
I think it's a travesty that he was elected, his choices are horrible, our country is going to take decades to repair the social reforms he's going to remove....but I can't bash him on his businesses or not being divested. That stuff is complicated and I don't think he thought he was going to win.
CountAllVotes
(20,868 posts)and who knows how many billions he owes?
And do not forget about the other FIVE BANKRUPTCIES!
tRump is not fit to lead the USA! He is incompetent at best ... aka "Don the Con" !!
NCTraveler
(30,481 posts)He has structured his orginiztion in a way that has kept the credit limit going up. All kinds of debt. Debts come due and keeps building. I believe his organization is about to go bust under the weight of debt. I feel Trump himself has been living off of that debt.
Then you include what has been gifted in his bankruptcies.
Wellstone ruled
(34,661 posts)Real Estate development and Real Estate Trusts. As the value of the asset property increases,you mine out these increase via Mortgage and it is Tax free. The trick is to keep the Assessor on your Holiday List.
cwydro
(51,308 posts)The US has just been conned.
Vinca
(50,261 posts)Lotusflower70
(3,077 posts)There is a reason probably multiple reasons why he didn't release them. It wasn't because he was still being audited. That is bs. He is hiding something big. I wonder if he funneled that money (916 million) reported as a loss somewhere. Have to build up the hush money stockpile. Probably a lot of off-shore accounts.
superpatriotman
(6,247 posts)I've long suspected that he was living on debt.
That's why I coined the Trump plan for success:
Borrow/Default/Sue/Repeat
BSdetect
(8,998 posts)Or used his charity finances?
Txbluedog
(1,128 posts)who will starve to death because of the policy of the Cheeto Jesus they vote for
Generator
(7,770 posts)He meets with Kanye West fresh from mental hospital. YES this is what you want a leader to do. I am about to fucking lose my mind. STOP THIS. Somebody. This is not a reality that can sustain.