Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested

[Belk]

When was Trump ever convicted of fraud? I would think the millions of dollars spent trying find evidence of wrongdoing by Trump over the past 4 years certainly someone would have found that smoking gun.
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My but isn't that bar set low for our leaders. Apparently the greatest country in the world can set its sights no higher then "Not convicted of a crime."

 

[Fantine]

Der Alte, I have snoozed so many FB friends that have posted posts like yours. I didn't believe a word of it then, and I don't believe a word of it now.

Forbes and the NY Times are giving real facts, real evidence. Forbes did say that even with all Trump's debts, he has a net worth of about $2.5 billion. But when something has to be sold in a hurry, and the vultures start circling around the person who needs to raise money fast, the value of those buildings fall. They know that desperate people lower prices.

Trump knows that. He has probably been one of those circling vultures dozens of times in his life, bilking other people who needed to sell quickly. What goes around comes around. The Plaza Hotel was the first big Manhattan deal that he made with a seller who needed to unload fast.

There's a term "property poor." That's Trump.

The main factual issue in the past ten years of Trump tax returns is that ten years ago he claimed a loss that gave him a tax refund of $79.6 million. He has been claiming that refund, a little every year, for the past ten years--hence no taxes.

Only problem was that the deduction was illegal and the IRS is disallowing it--and Trump's lawyers keep stalling and appealing. The deduction was illegal because when the Taj Mahal in Atlantic City went bankrupt (Bankruptcy #6, I believe, at least on paper) he claimed it as a total loss.

Instead he received something of value from the bankruptcy--a 5% interest in a much larger casino operation. If someone receives something of value it's not a total loss. I can picture him fuming, "Darn that paper trail!"

Part of that 5% interest gave him a $21.6 million check from a Las Vegas casino that helped get him through his 2016 campaign. It was funneled through a sham corporation with no address or phone # but was traced back to Trump. More financial shenanigans.

So he just hasn't been paying, using up his $79.6 million from a deduction he claimed which will surely be disallowed if his lawyers ever stop fighting. With interest at the moment, his "balance due" will be over $100 million.

As for the rest of your post, when Trump lies, is discovered, and double downs and lies some more (repeat cycle over and over) eventually he convinces a certain number of honest, decent people like yourself that it's true.

At Trump's exercise in belligerence last night, there was a physician for Trump accompanied by her daughter. There are many very intelligent people who support Trump, and I have studied the
situation to try to ascertain why...a psychological predisposition to authoritarianism is the only answer I've found that makes any sense.

Many very bright people believe Trump. Perhaps his ability to pull the wool over the eyes of so many different kinds of people is his only legitimate talent.

 

[Der Alte]

My but isn't that bar set low for our leaders. Apparently the greatest country in the world can set its sights no higher then "Not convicted of a crime."

Is there any credible, verifiable evidence anywhere that Trump has committed any offense which would disqualify him from being president? I will not hold my breath waiting for a response.

 

[Kenny'sID]

So, did Mr Trump break any laws here, or is this just more of the same...another thread about nothing?

 

[SimplyMe]

Is there any credible, verifiable evidence anywhere that Trump has committed any offense which would disqualify him from being president? I will not hold my breath waiting for a response.

Since you asked, is there any offense that will disqualify a person from being President? I can't think of any crime, listed in the Constitution, that prevents a person from running and serving as President -- presuming he can get a majority of Electoral Votes.

 

[stevil]

Compare that to lying corrupt politicians who flip flop their positions 180 degrees, when they think that’s what the public wants.

But, isn't that the point of government representatives?
To be a representative of the people, to listen to the people and to push for what it is that the public wants?

I don't have a problem with politicians that keep their ear to the ground, listen to the people and try to represent them.

 

[HARK!]

Since when is it a crime to have misfortunes in business?

Lots of people are in debt on their investments of buying their homes.

I don't necessarily view this as a misfortune.

I wonder how much of this debt is in trusts. It's interesting that Forbes didn't mention anything about that possibility; as many land investors put their assets in trust.

 

[Jonathan Walkerin]

Push comes to shove, he could always ask Joe and Hunter how to get Ukraine and China to hand over millions to him as well. Obviously, the Dems don't seem to condemn such a practice.

Probably just easier to turn screws on Iran for his Saudi buddies and beg for them to stay few more days at his hotels as usual.

Or triple charge Secret Service golf cart use at Mar a Lago.

 

[returntosender]

Who cares, its his personal business.

 

[Vylo]

Since when is it a crime to have misfortunes in business?

It isn't necessarily a crime, but generally disqualifies people for certain kinds of work that involve sensitive information since they are more easily bribed into to giving it up.

 

[Vylo]

Who cares, its his personal business.

It becomes our business when he starts selling us down the river to his debtors.

 

[Fantine]

Who cares, its his personal business.

Why don't you put that up for a poll in this forum? I know how I will vote.

I have a feeling that the 21 million Americans who have already cast their votes in this election are telling you they care, too. Mail ballots have been requested predominantly by Democrats. Early voters are believed to be predominantly Democrats.

Why? Two reasons: 1) Republicans think the dangers of Coronavirus are overrated (and in all the lines I've seen on TV, people are wearing masks) and 2) Democrats are the ones who are most often targeted to be victims of voter suppression.

 

[cow451]

When was Trump ever convicted of fraud? I would think the millions of dollars spent trying find evidence of wrongdoing by Trump over the past 4 years certainly someone would have found that smoking gun.
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Trump’s strength is hiding information. It will catch up with him eventually. Investigators have a formidable foe and, unlike Congress aren’t hemmed in by political deadlines.

 

[Belk]

Is there any credible, verifiable evidence anywhere that Trump has committed any offense which would disqualify him from being president? I will not hold my breath waiting for a response.

Wow! We have moved all the way up to "meets minimum qualifications"?

 

[rambot]

He’s audited every year by the IRS - they found nothing illegal about his tax returns, so I couldn’t care less about them.

Wow! You trust a government organization to do their job? That's a new thing for a Trump supporter. Unfortunately, it plays really well to the very rich and really poorly for the very poor.
A lesson from Trump taxes: An underfunded IRS is outmatched

And inconsistencies HAVE been found.

And they were good paying jobs, too, which is why median income, which was flat all 8 Obama years, rose 4,000 dollars in those three years.

Do you have proof that they were good paying jobs? Because billionaires raked in over 630billion over COVID. You think that doesn't effect the median income at all?
This chart and explanation shows an interesting picture:
US 2020 election: The economy under Trump in six charts

Real wages (adjusted for inflation) grew throughout Trump's first three years in office - continuing a steady upward trend which began during the first of President Obama's two terms.

This growth reached 2.1% per annum in February 2019, prior to the pandemic.

This is lower than the real wage increases of up to 2.4% that President Obama oversaw in 2015

The rapid increase in average earnings then seen at the start of the coronavirus lockdown were largely as a consequence of the lowest-earning Americans losing their jobs at a disproportionate rate, following the economic downturn.

With lower wage-earners out of jobs, the average hourly wage data skewed sharply upwards.

Average wages have since started to fall back, as economic restrictions have eased.

 

[chad kincham]

But, isn't that the point of government representatives?
To be a representative of the people, to listen to the people and to push for what it is that the public wants?

I don't have a problem with politicians that keep their ear to the ground, listen to the people and try to represent them.

But, isn't that the point of government representatives?
To be a representative of the people, to listen to the people and to push for what it is that the public wants?

I don't have a problem with politicians that keep their ear to the ground, listen to the people and try to represent them.

No, because that’s not what going on.

Democrats, for example, used to be against open borders and illegal immigration - I have videos of Bill Clinton, Obama, and other top Democrats saying, and voting for in 2006, the same thing Trump believes in today - yet they flip flopped 180 degrees, and now claim that a border wall and stopping illegal immigration is immoral and racist.

This change isn’t in response to the majority of Americans changing their minds on it, and Democrat politicians listening to that - it’s totally political.

 

[rambot]

No, because that’s not what going on.

Democrats, for example, used to be against open borders and illegal immigration - I have videos of Bill Clinton, Obama, and other top Democrats saying, and voting for in 2006, the same thing Trump believes in today - yet they flip flopped 180 degrees, and now claim that a border wall and stopping illegal immigration is immoral and racist.

This change isn’t in response to the majority of Americans changing their minds on it, and Democrat politicians listening to that - it’s totally political.

I'm sorry? Open borders? Is that something that democratic establishment is arguing for now?

 

[variant]

Since when is it a crime to have misfortunes in business?

It's not a crime, he just ran for President and based his entire persona around claiming to very good at business.

 

[hislegacy]

Since you asked, is there any offense that will disqualify a person from being President? I can't think of any crime, listed in the Constitution, that prevents a person from running and serving as President -- presuming he can get a majority of Electoral Votes.

They cannot be a felon.

nope, I’m wrong about that

 

[stevil]

Democrats, for example, used to be against open borders and illegal immigration - I have videos of Bill Clinton, Obama, and other top Democrats saying, and voting for in 2006, the same thing Trump believes in today

As far as I understand it, the Democratic party are against open borders and are against illegal immigration today. Despite how Trump mischaracterises their position and despite how Fox news and right wing media mischaracterise their position.

- yet they flip flopped 180 degrees, and now claim that a border wall and stopping illegal immigration is immoral and racist.

The Democratic party are against building a massively expensive border wall. They consider that there are much better and more cost effective ways to secure the border and to deal with drug issues.
It's a position based on being fiscally conservative and also being pragmatic.

They have classified a Muslim ban as being racist, and that a characterisation that Mexicans are sending their worst people, sending drug dealers and rapists as being racist.

This change isn’t in response to the majority of Americans changing their minds on it, and Democrat politicians listening to that - it’s totally political.

If you believe what Trump and right wing media is telling you then I can understand why you come to this conclusion.

But instead it would be best to actually listen to what the Democratic party is saying about border control, drugs and why they are calling Trump and this administration racist.

It's not because of the wall, or a desire to control the border.