Please, don’t make a fuss. It’s just plain yogurt Mel Brooks Spaceballs
I have been waiting almost 5 long years to write this article. There were times that I despaired that I’d ever get the chance. But that blessed day has finally arrived. It can finally be conclusively said. Donald Trump is a liar. Donald Trump is a cheat. Donald Trump is a manifest fraud. And best of all, Donald Trump Is A LOSER!
And actually, this isn’t just sour grapes cuz I’m a poor dude…Most of us have already known that Trump was a liar and tax cheat, but hey!, that’s just the way he rolls. No, my extreme disgust is due to a repeated line of pure, total, unadulterated bullshit that he has thrown out there like a real billionaire tossing nickels to street urchins.
For years now, whenever Trump has been pressed on his almost legendary knack for avoiding paying taxes, Trump has had a ready lame, snotty, sarcastic, condescending rejoinder. When he was asked by a reporter what it made him that he was paying less in taxes than somebody working in his mailroom, Trump would sleaze out, It makes me smart. I’m a great businessman. Only a sucker pays one penny more than he has to in taxes, so it makes me smart and a brilliant businessman.
No. NO. NO! I know the point he’s trying to make, and it simply doesn’t apply to Trump! I know lots of guys, well not personally, but by reputation, who can make that argument. Just like Steve Mnuchin. Carl Icahn. Mark Zuckerberg. Those guys can make that argument, Because the point is that when they find sneaky and artistic ways of avoiding paying taxes, when the day is over, the put that money in their fucking pocket!
That’s not the reality when it comes to Donald Trump. When Donald Trump pays no taxes, it isn’t because he is some kind of master embezzler with an accounting savant on his side. It means nothing more, and nothing less than Trump is a broke ass bum! Trump isn’t using next level accounting techniques, he has tens, if not hundreds of millions of dollars going out than are coming in every year. Shit! I can put out a tax form like that, except I’d be doing it from federal prison.
Here’s the problem. Trump himself, and his business actually produce nothing of value. Trump’s wealth is in real estate. He builds physical structures, which actually have a dollar value to them. But here’s the problem when it comes to Trump. Those buildings have almost no fiduciary value to Trump. And that’s because Trump puts almost nothing up front. He arranges the financing, and uses that to put up the building. There’s nothing illegal in that, in fact much of real estate, at least commercial, is done that way. The problem is that Trump never knows when to leave well enough alone. That building has actual, real dollar value. Except that for Trump it doesn’t. Because the first thing that Trump does when a building is completed and open for business, Trump runs right out to a bank and mortgages the thing to the hilt!
This is why the New York Times article is so devastating for Trump. Because it exposes the soft underbelly of Trump’s financial position. The times points out that in the next year or so, Trump has hundred’s of millions of dollars in promissory notes coming due that he personally guaranteed. And there is also the problem that the New York Times pointed out about an IRS audit over a $73 million refund Trump requested and received, and may have been fraudulent. And if the IRS rules against Trump, it could cost him literally $130 million of his own, personal money.
And Trump doesn’t have it. He doesn’t have it because he lavishly spent his money on hand on himself and his indulgences. And you can fuggedabout those buildings he brags about. Because while the buildings may have some equity in them, Trump doesn’t! He immediately took those new buildings and took them to another bank to second mortgage them to the hilt. Trump could sell every property and golf course he owns, but when you subtract not only the mortgage amount due on the original mortgage, but on the second mortgage as well, Trump doesn’t have two nickels to rub together. Look at like playing high stakes games of payday advance loans, Trump is robbing Peter to pay Paul.
This is why I’m so giddy. It’s not just the fact that I always knew that Trump was a broke assa bun, and now it’s being proven, it’s what this means to Trump going forward. And I’m not just talking about the immediate difficulties that this will almost certainly cause him. I have something much more devious and byzantine in mind.
The important thing is that the authorities have the taxes! And those tax returns will show flows of income, both to Trump, as well to his organization. And while any half ass Roy Cohen accountant can hide revenue streams, it gives the state, and even federal authorities, should a sane administration take over next year, a road map to start tracing the actual origins of those streams of revenue. If the Trump organization is nothing more than a giant ruble laundromat, those tax forms give the accountants and investigators a starting place to look to unravel all of those spaghetti strands. The walls haven’t even started to come down yet.
We have had to wait far too long, for a transparent democracy, for this moment. And yet, at long last it is here. If nothing more sinister ever comes to light, at least we have the satisfaction of knowing that, despite his loud and obnoxious bloviating, Trump is nothing more than a broke ass loser. But if some of these strings lead to a ball of yarn, the Secret Service is going to have a hard time filling a Trump protective detail in a federal prison. I’ll just leave it at that.