It is no secret that Donald Trump and the Trump Organization have two sets of books, one to look flush to lenders and one to look broke to the IRS. We’ve never seen Trump’s tax returns because to reveal them would undoubtedly expose him as the “clown living on credit” that he has been called. Adam Davidson is a financial writer who contributes to the New Yorker.

It has occurred to me that maybe what Vladimir Putin has on Trump is something this basic: Putin could show that Trump is broke. Occam’s Razor dictates that the simplest explanation is usually the right one. Maybe there is no pee pee tape or great scandal and there doesn’t need to be. Putin, who actually is one of the world’s richest men, knows Trump doesn’t have squat. And that would explain why Trump is so obsequious to Putin. Putin actually is what Trump wishes he was and can never be. He can’t even be wealthy, let alone powerful and a leader in world affairs. He’s a total fraud.

His base might not be alienated by the fact that he lies about money. They probably will think, cool, he doesn’t have as much as he says, but he flies a big plane and lives in a gold leaf penthouse, and has a gold toilet, even without billions. But how can he hold his head up with actual conservative Republicans, who — purportedly, at least — value a dollar?

So this issue is explosive, make no mistake. It always has been. However, we’re not going to see Trump’s tax returns before the election.

This is dismaying, but not in the least surprising. We more or less knew that we weren’t going to see Trump’s tax returns before November, in any event, but at least the House should see them at some point. And that will be an interesting day. I wonder how many Republicans actually know the true state of Trump’s financial affairs? Maybe none, because it’s entirely possible that Trump doesn’t know the true state of his own financial affairs. But what a sublime irony, a paradox in fact: the party of fiscal conservatism put a spendthrift clown at the top of their ticket. No wonder the national debt has soared. Everything Trump touches dies, unless you’re a dollar —  then you just shrivel to worthlessness.

I pray to God Republican voters have figured out that survival is the first order of business, because if Trump is reelected, Hoovervilles are going to look like Bel Aire and it may take a wheelbarrow full of cash to buy a loaf of bread.

 

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22 Comments on "EXPLOSIVE: Financial Writer Estimates Trump’s Actual Wealth As ‘Between Broke and $150 Million’"

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Tin woman1
Guest

We don’t need his financials before the election. We do need to keep an ete on what cozy bear and china, etc, are doing to our voting machines.

Denis Elliott
Member
Alas, Trump isn’t the first example of the GOP forcing a “businessman” President on the country. The notion that the government should be run like a business is part of conservative dogma. Well, for all his personal faults Clinton handed Bush 43 (a “businessman” who’d also failed multiple times) and a GOP Congress (both Senate and House) an economy in which we were running budget surpluses and paying down the national debt that had been run up by Reagan and Bush 41. We were on track to knock it down so far there were opeds by serious economists debating the… Read more »
chris whitley
Member

Yeah, and try to tell that to a Bush toad. They will come unglued and make up all kinds of shit and try to tell you Clinton was the one that messed up. Clinton had like 700 million in surplus and bush made it disappear in under a year and we were in a deficit.

anastasjoy
Member

Bush was also a failed businessman with a rich daddy.

Geia Verita
Guest

No, this isn’t explosive at all. Maybe 4 to 5 years ago, yes. Now? It’s news that has been chewed so often, it’s practically textbook info.

Bareshark
Guest

Your last paragraph makes the assumption that those Republican voters will live long enough to experience such things.

p j evans
Member

About what I figured.

Scott Jackson
Guest
Let’s recall that Putin is a ruthless killer, former KGB, with a burning hatred for American democracy. Now his ‘useful idiot’ is doing Putin’s will. But, of course, there’s more. When you recover some of your lost wealth through money laundering for the Russian mob, in for a penny, in for a pound. It may be coincidence that Putin’s political opponent was gunned down in broad daylight in front of the Kremlin, or just another ending to Training Day. No wonder the Cheeto puff whimpers around his master begging for approval. Otherwise it could be his head in the basket.… Read more »
HollyValera
Member

I’ve always said that idiot sociopath is too dumb to read a balance sheet–who bankrupts casinos, in NEW JERSEY!–but these days, he’s so wildly off any real numbers at all, I really do doubt he can even count on his fingers.

p j evans
Member

There was a reason the doctors gave hims that cognitive-assessment test. It wasn’t because they think he’s fine.

Nancy
Guest

A financial analyst predicted that the Trump TajMahal would fail even before it opened. Trump sued him of course and tried to destroy his career. And the Taj failed even quicker than the guy had predicted. Trump spent wildly too much on the glitz to make it a going concern.

Jim
Guest

I think he probably has about 150 million in cash and a lot of properties that are worth additional millions. But, when he charges the government for rooms and golf carts at Mar-a-Lago, it tells me that he is scrounging in the couch cushions looking for spare change. His family profited from the inauguration, and the hustling has continued.

p j evans
Member

His income before was from his TV show and from leasing his name out to various places.

old grey dude
Guest

I figured he had to be close to broke with all the cheap grifting he was doing. Making secret service pay for his golf carts and hotel rooms. Siphoning money off the campaign through events at Mar a lago. The DC hotel room stays as a way to get in his good graces. If you are a real billionaire you don’t need that small change, but trump surely seems to.

priscianus jr
Member
People think that Putin must “have something” on Trump. Ursula suggests that he “could show that Trump is broke”. But it’s simpler than that. Trump may be broke in a sense, but he has all the money he needs … as long as he does what’s expected of him. He’s quite happy to play ball, because Russia is his only source of capital. Nobody else will lend him a dime. Why would Putin want to to show this? — better it should be their little secret. The Russians own Trump. The Saudis also own a piece, no doubt. It’s not… Read more »