Is Trump broke?

CYDdharta

Hmm, broke, right.

https://www.wsj.com/articles/disclosure-form-details-donald-trumps-income-sources-1463614927

joecavalry

No, Trump is worth approximately 3-4 billion USD.

ih8sharts

@joecavalry

It is difficult to believe that a guy with "3-4 billion" would need months to pay back a 130K loan.

The reason he is refusing to release his tax returns seems to be that he is either trying to hide shady business dealings or the fact that he is worth way less than he claims.

CYDdharta

If a guy that makes over $83 million a year, according to his official financial disclosure forms, is "broke", what does that make us?

ih8sharts

@CYDdharta

What makes you think that a guy who lies about everything would shy away from lying on a financial disclosure form.
There is a reason he refuses to show us his tax returns and stated that Robert Mueller looking into his business dealings is a red line for him.

CYDdharta

ih8sharts said:

@CYDdharta

What makes you think that a guy who lies about everything would shy away from lying on a financial disclosure form.
There is a reason he refuses to show us his tax returns and stated that Robert Mueller looking into his business dealings is a red line for him.

What makes you think that a president that actually keeps his campaign promises lies about everything? 
The only reason Mueller would want to see Trump's business records is because he found no evidence whatsoever of collusion with Russia (at least not Trump collusion with Russia, Mueller is steadfastly refusing to follow up on Hillary's collusion with Russia).  Mueller's sole purpose is to report dirt on Trump, whether he has to make it up of not.

ih8sharts

Keeps his campaign promises? So everybody has great healthcare for way cheaper and the building of the wall is in full swing?
But that is besides the point since he is lying on a daily basis and only a rabid fan would deny this fact.
My point is, I don't believe that there was an intentional collusion with Russia, but for his sycophantic urge to get on Vlad's good side to have a new mark for a long con.
Accidentally winning the presidency just proves the gullibility of 60 something million Americans.

CYDdharta

ih8sharts said:

Keeps his campaign promises? So everybody has great healthcare for way cheaper and the building of the wall is in full swing?
But that is besides the point since he is lying on a daily basis and only a rabid fan would deny this fact.
My point is, I don't believe that there was an intentional collusion with Russia, but for his sycophantic urge to get on Vlad's good side to have a new mark for a long con.
Accidentally winning the presidency just proves the gullibility of 60 something million Americans.

It isn't Trump's fault the wall isn't being built, he's done everything he can to get it going.  That fault lies squarely on Congress and it's establishment denizens on both sides of the aisle. 
Only someone suffering from a terminal case of TDS would say Trump is lying on a daily basis, especially considering the administration that just left. 
"Sycophantic urge to get on Vlad's good side "?  You mean like just after he was elected when he said "I’m aware of not only the extraordinary work that you’ve done on behalf of the Russian people ... as president, but in your current role as prime minister, we think there’s an excellent opportunity to put U.S.-Russian relations on a much stronger footing.”  Oh, wait, that was Obama, nevermind.

ih8sharts

CYDdharta said:

It isn't Trump's fault the wall isn't being built, he's done everything he can to get it going.  That fault lies squarely on Congress and it's establishment denizens on both sides of the aisle. 

So, when Schumer offered him funding for the Mexican border wall in exchange for DACA protections and he turned it down, that is congress' fault?
What happened to “Nobody knows the system better than me, which is why I alone can fix it.” Is the system fixed yet? Is America great again yet?

ale5

If you google Trumo net worth, it's 3.1b in 2018. So no, he isn't broke.  He has other issues, but that's not ine if them

CYDdharta

ih8sharts said:

So, when Schumer offered him funding for the Mexican border wall in exchange for DACA protections and he turned it down, that is congress' fault?
What happened to “Nobody knows the system better than me, which is why I alone can fix it.” Is the system fixed yet? Is America great again yet?

Schumer never offered funding to build the wall, only "initial funding" in exchange for full protections for DACA.  Since Schumer lead the Dems in Congress, yes, it was Congress' fault.

Highest GDP ever (real and nominal), lowest unemployment since 1973, lowest minority unemployment ever, the return of manufacturing, etc., etc., the US is on its way to being great again.

ih8sharts

ale5 said:

If you google Trumo net worth, it's 3.1b in 2018. So no, he isn't broke.  He has other issues, but that's not ine if them

If you google Bernie Madoff in 2006, his net worth was stated as rich AF.
If you own a $2M mansion, but you have a $2.5M mortgage, you appear wealthy, but are actually way more broke than I am.
Since President Ponzi refuses to release his tax returns, I will continue to believe he is broke.

MayCaesar

Trump's official salary is $400,000 a year. Out of which he accepts $1 and donates the rest. A broke person that can afford to through out $399,999 on charity does not make a whole lot of sense.

All of Trump's assets (except for maybe some of his offshore assets, which he will want to hide for obvious reasons) are public. A lot of independent companies regularly calculate his net wealth balance, and the negative balance so far has not been suggested by any such company.

You are correct that Madoff was not considered broke, while he was, and it is possible that Trump is in a similar situation. However, it is very doubtful, due to the nature of his business: Trump does not deal in pyramid schemes, he deals mostly with real estate and employment. It is very hard to build a Ponzi-like scheme out of these assets, as all the assets have to be properly declared, and any farce will become immediately obvious. It is the dealings taking place outside the "white" market that cannot be accurately estimated. Maybe Trump is involved in them, maybe not. But our legal system is based around the principle of presumption of innocence. Considering Trump guilty of a financial scam without a solid evidence ("does not want to release his tax returns" is not such evidence) is unreasonable.

There are many reasons to criticize Trump; far too many even. But this is not one of them.