Why doesn’t he just pick himself up by his bootstraps and get the 450 million going, lazybones
this post was submitted on 20 Mar 2024
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Being a billionaire just isn't worth it anymore. Nowadays, anyone can create a billion using AI. Sure, real billionaires and billionaire fans can tell the difference, but it's convincing enough that most people don't even care if it's artificially created billions. What's even the point now?
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Didn't he already turn a small $1million loan into a billion dollar empire. Surely, he could turn whatever he has now into the small amount of $450 million
Yeah, of course like everything else that lie is also full of lies. The "small loan" was actually 70 million dollars, and then he inherited 450 million on his fathers death. If he had put that in a total stock market fund and done nothing at all, he would have something like 13 billion dollars. Instead, he may or may not have 2-4 billion in total assets.
I don't know if the inheritance is public record but I thought the 70 mil was his inheritance and his brother got the lion's share until his brother died and passed it on to Donald.
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He is the most intelligent business man on the face of the earth, right?
Isn’t Trump supposed to be a billionaire? Surely a billionaire can pay his own bills! Maybe he isn’t the billionaire he claims to be.
Not just a billionaire but he testified under oath a month or so ago that he had approximately $400 million in cash so covering the whole thing himself should be relatively easy.
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I imagine you probably don't become a billionaire by just letting people force you to pay your "bills," or by following "the law," or by caring about "people," or by responding to ethical "responsibilities."
Probably you become a billionaire by doing the opposite, but idk
"Perhaps a billionaire could imagine throwing away half a billion dollars, but even they tend to want to be paid back. Trump could sell buildings, but commercial real estate is in a slump, so it's not a good time for him to do that.
Elon Musk loves setting money on fire apparently, so it is actually surprising he's not bailing trump out...
Even musk must know a bad business proposition Paying that bond will pit you directly in the cross hairs of various agencies
Yeah...
The same agencies that forced him to buy Twitter and trump will attack if he gets power.
Musk is 100% dumb enough to foot the bill thinking if trump wins he gets it back, and gets more free reign to do what he wants without government interference.
If he had the money, I legit wouldn't be surprised if he put up some money.
Like, you can't rule out Musk or trump doing something because its irrational. Most of what they do is irrational
Musk already got a 2b contract out of NASA, and all it cost him was to give the lady who signed it a cushy job.
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Why doesn't trump, a "billionaire", pay his own damn bond? You just said Blbillionaires can afford it.
Even if this guy wasn’t trying to weasel out of paying a cent, there is some validity to the argument that money in commercial real estate is not particularly liquid.
If it weren't leveraged and/or overleveraged already, he could have signed loans by now that would have paid for it. Haven't we already heard how Maralogo is worth like 1.8B despite being on the tax rolls for 20M? Sounds like plenty of equity there alone.
Also, good luck finding a bank to accept collateral when your appealing your crimes of lying about your collateral.
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But the equity in real estate is liquid in the form of security for a bond. What this tells us is that he doesn't have enough equity to cover the bond- in other words he's been lying all along about his wealth. Surprised?
Something something bootstraps.
Something something "personal responsibility."
Something something "own fault."
Isn’t that taxing the rich to pay the poor? Redistribution of wealth? Welfare?
Is that what Fox is advocating?
Rules only apply to their enemies.
"Why are there no Republican multi-billionaires offering to lend President Trump the funds to file his appeal in the outrageous case in NY state?"
Donald Trump is a Republican multi-billionaire, maybe he should pitch in.
He should just go without his lattes & avocado toast and stop buying phones if he can't afford his lifestyle.
Fox News: "Bilionaires should pay their fair share"
OK.
tHaTs SOciAlISm!
This is it. This is where Republicans turn on the wealthy and we finally start taxing them.
Please let this be it.
It could be that anyone with that level of liquid assets available knows that a "loan" will never be paid back - it was PROVEN that the Trump Org engaged in fraudulent activity, so the appeal is just to try to gain some time. Anyone who puts up cash pending the appeal will definitely lose it once the process confirms what the courts have already ruled.
Why cant he just pull up his bootstraps and get a job?
Find someone who values those properties the amount you say they are and then we'll talk.
-New York State.
I'm just waiting for the 24th when it's revealed that MBS is buying a $50 million property from Trump for $550 million thus solving all Trump's problems. It's not like that sort of thing is completely unheard of for Trump. This is just a larger scale.
In response, billionaires should get together and donate a few billion dollars to public defenders, pay off people's medical debt, and offer to buy Mar-a-Lago in order to turn it into public housing.
Al Lago is a chintzy motel with a shitty omelette bar. estimated value of less than 5% of the ruling. He's going to have to sell his bedbug infested resorts and ugly golf courses too
All his properties are inflated values, thats the Russian money laundering scheme at work.
All of them are likely highly leveraged already as well.
Sell 20 million bucks of property, debt grows by 1780 million bucks.
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Someone needs to write a book.. “The Fart and the Squeal: A history of the Trump dump” with all proceeds going to charities. I want to raise more money for that than he ever could for his litigation obligations.
Hahahaha
I’m sure there are still a few Russian oligarchs who have enough liquid assets to bail trump out, in return for some massive political favors once they help him con enough rubes into electing him again.
The problem is that Trump didn't do enough for them when he was in power and they don't think he could win again. To the oligarchs, Trump is a lost cause. Trash that they don't even have to clean up themselves.
I also want to see billionaires spend their money on things that I want them to
On top of everything else, he had months to prepare for this eventuality.
Wouldn't the greatest businessman of his generation know that it takes time to raise that kind of money?
I mean he does have his shoes.
First, did he actually think that there was some kind of giant market for those things? I've heard people speculate it was his attempt to get the Black vote.
Second [and I've said this before] Fredo Corleone could have figured out that the President of the US could extort all kinds of money from Saudi Arabia. Team Rocket could have figured it out! Wiley Coyote could have figured it out.
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How much has Mark Levin kicked in? Surely he can loan Trump 5 or 10 million to help him get there.
I wonder why he hasn't?
Wait, so it's okay for billionaires to hoard their money and not give back to society and try to help with homelessness and starving kids but they should put up millions to help Donald as soon as he needs money?
According to Donal Mar-a-lago is worth billions already. Couldn't he put that up for collateral?
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