2016 Postmortem
Related: About this forumTrump doesn't want to release his taxes for the election because it would hurt his business.
http://www.dailykos.com/stories/2016/9/28/1575546/-Donald-Trump-was-willing-to-release-his-taxes-to-gain-a-casino-but-not-to-become-presidentTrump released his taxes when it was necessary for his business.
He refuses to release them for the election.
What's the difference?
When he released his tax-returns in the past, it was to people who were forbidden from sharing their knowledge about them.
But when he releases them for the election, his competitors will be able to see them.
For Donald Trump, protecting his business and fortune has a higher priority than becoming/being President.
Foggyhill
(1,060 posts)What he doesn't want to show is how leveraged he is
and he's living on borrowed money.
Cuban knows how poor he really is.
DetlefK
(16,423 posts)remaineruk
(156 posts)Was before the reported loss of $800million in the papers this week
http://fortune.com/2016/03/23/donald-trump-debt/
https://www.google.co.uk/amp/amp.timeinc.net/time/money/4511357/donald-trump-net-worth-falls/%3fsource=dam?client=ms-android-samsung
Take into account he was 'worth' around 3-4 billion before. A couple more years of losses and he'll be scrabbling behind the sofa for cash. Sad
Foggyhill
(1,060 posts)Actually, when servicing debt becomes high enough, more than you're cash flow from your asset,
which may be something that's about to happen, well you lose everything : AKA bankruptcy.
You can try to sell some assets to diminish the debt load, but that also affects cash flow.
Past a certain point, there may not be enough assets to sell as your debt keeps mounting.
remaineruk
(156 posts)Shop with real people? Queue at Walmart? Eat beans?
Get a job?
LeftRant
(524 posts)At this rate, I don't think he's going to release. He'll be the first in decades to do this. I hope it doesn't set a precedent going forward. That's not good for America.