this post was submitted on 27 Sep 2024
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Explain Like I'm Five
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A lot of his value is tied up in assets that aren’t liquid (real estate). Also he is probably not worth as much as he says.
But the main reason is that these “cheap crap” things you mention are probably vehicles for money laundering from foreign actors. The best example are the NFTs he was hawking for awhile. Costs next to nothing to make and foreign states can buy a ton of them to give him money without it being easy to detect. Even if it is detected it is still legal to buy silly NFTs, right? Certainly more so than a foreign government giving a candidate bags of cash for nothing.
Foreign nationals, let alone foreign governments, are not allowed to give money to political campaigns in the United States. Actually illegal. Bill Clinton got in trouble for it
If you can prove that an NFT scheme was foreign campaign money laundering in court, people can go to jail.
Don’t forget the Trump Hotel during his presidency that took huge “bookings” from foreign nationals during his presidency. The “Law and Order” party naturally jumped all over this as a violation of the Constitution…, oh wait.