MayabirdPecking at the keyboardRegistered Userregular
Trump reported making over $1.6 billion as president. Money from diverting funds from Trump Org, forcing everybody to stay at his hotels, and things like that. Though without seeing his damn tax returns and someone very competent actually auditing the hell out of them, there's no way to untangle everything, from the debts to the bribes and who knows what else. There were an awful lot of shell companies named Trump in the Panama Papers, for instance.
From what I recall, Trump is about to have the bill for a shit ton of debt come due and it's a massive amount. He also has the issue where like the vast majority of his wealth is tied up in his properties and he does so much bullshit with the property values, that unless you have all the stuff needed on hand, you don't know what any of that stuff is worth. Though seems like most of it is overvalued; however, he does shit where he undervalues it for taxes. Regardless, the main sticking point with most of his property is that it's leveraged, so he kind of can't just mortgage it for money to pay off what is about to come due. Hell, I have to wonder if he is about to rack up a ton of other bills to pay off. Wisconsin is already making noise about how the fucker should have to compensate them for all the state resources he wasted challenging the election results and other might follow. Then there is the whole deal where he likely was actively committing tax avoidance and if the IRS has a good case that they can easily win, even if it takes some time, they might be keen to for it because if you net Trump's hide on that BS, you likely scare a ton of rich fuckers into paying their god damn taxes. I mean, if even a former POTUS, that controls the GOP still, can't weasel out of his tax obligations, no many people are going to be in a better spot to pull it off. Then there is the whole emoluments thing, from what I understand, there is a chance that all the hospitality businesses that could argue he profited off abuse his position, could refile that case seeking reparations and the only reason the first one got tossed was that it ceased to be considered an issue because the rat fucker was no longer president.
I kind of figure by the end of the decade, if the piece of shit is still alive, he is likely to be very fucking broke. More so if the sack of shit in Russia, Putin, gets really butthurt about Biden smashing his metaphorical dick repeatedly for all the shit that he has been up too for the last decade.
Munkus BeaverYou don't have to attend every argument you are invited to.Philosophy: Stoicism. Politics: Democratic SocialistRegistered User, ClubPAregular
There's a certain point where being in debt enough is valuable in it of itself.
Humor can be dissected as a frog can, but dies in the process.
Yeah what’s the phrase? If you owe the bank 100,000 they own you, if you owe the bank a 100 million you own them. Give or take actual values
Unfortunately trump will never be destitute as long as foreign agents and banks are allowed to launder money through him. He’s a symptom of the rot underneath the entire economic system
From what I recall, Trump is about to have the bill for a shit ton of debt come due and it's a massive amount. He also has the issue where like the vast majority of his wealth is tied up in his properties and he does so much bullshit with the property values, that unless you have all the stuff needed on hand, you don't know what any of that stuff is worth. Though seems like most of it is overvalued; however, he does shit where he undervalues it for taxes. Regardless, the main sticking point with most of his property is that it's leveraged, so he kind of can't just mortgage it for money to pay off what is about to come due. Hell, I have to wonder if he is about to rack up a ton of other bills to pay off. Wisconsin is already making noise about how the fucker should have to compensate them for all the state resources he wasted challenging the election results and other might follow. Then there is the whole deal where he likely was actively committing tax avoidance and if the IRS has a good case that they can easily win, even if it takes some time, they might be keen to for it because if you net Trump's hide on that BS, you likely scare a ton of rich fuckers into paying their god damn taxes. I mean, if even a former POTUS, that controls the GOP still, can't weasel out of his tax obligations, no many people are going to be in a better spot to pull it off. Then there is the whole emoluments thing, from what I understand, there is a chance that all the hospitality businesses that could argue he profited off abuse his position, could refile that case seeking reparations and the only reason the first one got tossed was that it ceased to be considered an issue because the rat fucker was no longer president.
I kind of figure by the end of the decade, if the piece of shit is still alive, he is likely to be very fucking broke. More so if the sack of shit in Russia, Putin, gets really butthurt about Biden smashing his metaphorical dick repeatedly for all the shit that he has been up too for the last decade.
Real estate is pretty easy to value
Find the price/square foot for sales of similar properties in your neighborhood over the last couple years and do multiplication
Everyone desperately wants to say Trump has no money but he has $2.3 billion in assets (based on a financial reporter’s estimation, not Trump’s) and $1.2 billion in debt. He has $400 million coming due against $147 million in annual cash flow, so he will have to roll the debt or sell a building.
Everyone needs to stop with the dumb “he’s poor actually” bullshit, the dude is still many times richer than anyone should allowed to be and that he’s such an incredible pile of feces and still a bonafide billionaire is enraging
Captain Inertia on
+4
Shortytouching the meatIntergalactic Cool CourtRegistered Userregular
Trump is not a billionaire. He has negative net worth at this point.
*rubs text*
Wait, this says he's a BOUILLIONAIRE. The man has sixteen tons of beef bouillon!
It's all tied up in stock options, though
I'm so angry about this post
There is a soup based restaurant in my city called Stock Options. Or was, pre-Covid.
There used to be a bar as well called The Stock Market where all the drinks changed in price depending on how popular they were on a big OLED screen above the bar.
It was okay for trying wine but the novelty is not worth paying $25 for a bourbon and coke.
+4
webguy20I spend too much time on the InternetRegistered Userregular
Trump is not a billionaire. He has negative net worth at this point.
*rubs text*
Wait, this says he's a BOUILLIONAIRE. The man has sixteen tons of beef bouillon!
It's all tied up in stock options, though
I'm so angry about this post
There is a soup based restaurant in my city called Stock Options. Or was, pre-Covid.
There used to be a bar as well called The Stock Market where all the drinks changed in price depending on how popular they were on a big OLED screen above the bar.
It was okay for trying wine but the novelty is not worth paying $25 for a bourbon and coke.
We had one of these but served beer. It was neat for about 6 months, but then they switched to a standard pub model, and also focused on a Bavarian cuisine which is real nice as that is an underserved market around here. They managed to pivot and have been around for the last 5 years or so, even through covid.
From what I recall, Trump is about to have the bill for a shit ton of debt come due and it's a massive amount. He also has the issue where like the vast majority of his wealth is tied up in his properties and he does so much bullshit with the property values, that unless you have all the stuff needed on hand, you don't know what any of that stuff is worth. Though seems like most of it is overvalued; however, he does shit where he undervalues it for taxes. Regardless, the main sticking point with most of his property is that it's leveraged, so he kind of can't just mortgage it for money to pay off what is about to come due. Hell, I have to wonder if he is about to rack up a ton of other bills to pay off. Wisconsin is already making noise about how the fucker should have to compensate them for all the state resources he wasted challenging the election results and other might follow. Then there is the whole deal where he likely was actively committing tax avoidance and if the IRS has a good case that they can easily win, even if it takes some time, they might be keen to for it because if you net Trump's hide on that BS, you likely scare a ton of rich fuckers into paying their god damn taxes. I mean, if even a former POTUS, that controls the GOP still, can't weasel out of his tax obligations, no many people are going to be in a better spot to pull it off. Then there is the whole emoluments thing, from what I understand, there is a chance that all the hospitality businesses that could argue he profited off abuse his position, could refile that case seeking reparations and the only reason the first one got tossed was that it ceased to be considered an issue because the rat fucker was no longer president.
I kind of figure by the end of the decade, if the piece of shit is still alive, he is likely to be very fucking broke. More so if the sack of shit in Russia, Putin, gets really butthurt about Biden smashing his metaphorical dick repeatedly for all the shit that he has been up too for the last decade.
Real estate is pretty easy to value
Find the price/square foot for sales of similar properties in your neighborhood over the last couple years and do multiplication
Everyone desperately wants to say Trump has no money but he has $2.3 billion in assets (based on a financial reporter’s estimation, not Trump’s) and $1.2 billion in debt. He has $400 million coming due against $147 million in annual cash flow, so he will have to roll the debt or sell a building.
Everyone needs to stop with the dumb “he’s poor actually” bullshit, the dude is still many times richer than anyone should allowed to be and that he’s such an incredible pile of feces and still a bonafide billionaire is enraging
I think the main problem with evaluating his real estate assets is how thoroughly he's lied his ass off (or told someone else to, more likely) about all sorts of aspects both positive and negative, to dodge taxes or to inflate value, depending on what was beneficial at the time.
Can someone please explain the Sting reference? People seem to think it's a really good joke and I wanna know :razz:
There was a post saying "I came as quick as I could," but said post was many hours in the offing.
Coming is a slang term for orgasming, I think this is important to note
So the implication of the joke was, "Your quickest coming took a while, you must be a practitioner of orgasm-delaying, such as for instance tantric sex advocate and overrated musician, Sting."
Can someone please explain the Sting reference? People seem to think it's a really good joke and I wanna know :razz:
There was a post saying "I came as quick as I could," but said post was many hours in the offing.
Coming is a slang term for orgasming, I think this is important to note
So the implication of the joke was, "Your quickest coming took a while, you must be a practitioner of orgasm-delaying, such as for instance tantric sex advocate and overrated musician, Sting."
Officials at multiple financial institutions who dealt with complaints estimated WinRed was, at peak, 1-3% of volume — a figure confirmed by one of the nation’s larger credit-card issuers.
That's huge, considering size of U.S. credit card economy.
author is a reporter for the New York Times.
Yes, you're reading that correctly, Trump's campaign made up 3% of all US credit card fraud claims. Oh, not surprised, me neither. Welcome to the club.
Can someone please explain the Sting reference? People seem to think it's a really good joke and I wanna know :razz:
A famous thing about Sting, the musician, is that he enjoys tantric sex.
But the joke was about Sting, the wrestler...
What the fuck is happening.
Hi Sting you can’t fool us
+10
ButtersA glass of some milksRegistered Userregular
Around the time of the debates, Trump campaign was mysteriously low on funding despite having collected record-breaking levels of donations and lower than usual expenses thanks to the pandemic. It looks like the donations they continued to take after the election was over was used to refund the people that were scammed into recurring donations.
The most plausible explanation to me is that Trump and others stole it. With such a small RNC and next to no rallies I can't imagine any other way a campaign that raised that much money ended up in the red.
Find the price/square foot for sales of similar properties in your neighborhood over the last couple years and do multiplication
not trying to argue any particular point, but not ALL real estate is easy to value.
Donald has basically been hacking the financial system by maintaining a portfolio of bespoke luxury real estate whose value is... flexible at best. How do you do price comparisons on a luxury golf course?
He can buy a piece of land, mow the lawn, stick a flag in a hole, and call it a luxury golf retreat, tell banks its worth half a billion dollars, and take loans against it
then when the tax man comes he can claim that it's just a golf course "lol" and actually makes no money because he comps all his employees free stays at retail price as a writeoff.
always thought the storyline of "haha donald is actually broke he sucks as business he makes no money see his tax returns!!!" was so stupid because anyone who knows how real estate works with taxes already knew what those returns said. property depreciation is a hell of a drug.
the bigger/more interesting story of Donald's financial adventures are his relationship with the banks who were stupid enough to go along with him. he's going end up going unpunished, but the fools at deutsche bank maybe not so much
Like, I don't think Coates was going "haha, yeah, fuck Jordan Peterson!" while he was writing it, but I'd be lying if I said Peterson's particular brand of horse shit doesn't fall into the category that's being scrutinized.
Like, I don't think Coates was going "haha, yeah, fuck Jordan Peterson!" while he was writing it, but I'd be lying if I said Peterson's particular brand of horse shit doesn't fall into the category that's being scrutinized.
I mean, that first image there directly talks about "ten rules for life" and Peterson's "twelve rules for life" are a thing.. It seems pretty direct
Posts
I kind of figure by the end of the decade, if the piece of shit is still alive, he is likely to be very fucking broke. More so if the sack of shit in Russia, Putin, gets really butthurt about Biden smashing his metaphorical dick repeatedly for all the shit that he has been up too for the last decade.
battletag: Millin#1360
Nice chart to figure out how honest a news source is.
Unfortunately trump will never be destitute as long as foreign agents and banks are allowed to launder money through him. He’s a symptom of the rot underneath the entire economic system
Real estate is pretty easy to value
Find the price/square foot for sales of similar properties in your neighborhood over the last couple years and do multiplication
Everyone desperately wants to say Trump has no money but he has $2.3 billion in assets (based on a financial reporter’s estimation, not Trump’s) and $1.2 billion in debt. He has $400 million coming due against $147 million in annual cash flow, so he will have to roll the debt or sell a building.
Everyone needs to stop with the dumb “he’s poor actually” bullshit, the dude is still many times richer than anyone should allowed to be and that he’s such an incredible pile of feces and still a bonafide billionaire is enraging
I'm so angry about this post
There is a soup based restaurant in my city called Stock Options. Or was, pre-Covid.
There used to be a bar as well called The Stock Market where all the drinks changed in price depending on how popular they were on a big OLED screen above the bar.
It was okay for trying wine but the novelty is not worth paying $25 for a bourbon and coke.
We had one of these but served beer. It was neat for about 6 months, but then they switched to a standard pub model, and also focused on a Bavarian cuisine which is real nice as that is an underserved market around here. They managed to pivot and have been around for the last 5 years or so, even through covid.
Origin ID: Discgolfer27
Untappd ID: Discgolfer1981
Thanks Rush!
Can someone please explain the Sting reference? People seem to think it's a really good joke and I wanna know :razz:
I think the main problem with evaluating his real estate assets is how thoroughly he's lied his ass off (or told someone else to, more likely) about all sorts of aspects both positive and negative, to dodge taxes or to inflate value, depending on what was beneficial at the time.
And not in a casual conversation sort of way.
A famous thing about Sting, the musician, is that he enjoys tantric sex.
I'm not familiar with that orifice
But the joke was about Sting, the wrestler...
There was a post saying "I came as quick as I could," but said post was many hours in the offing.
Coming is a slang term for orgasming, I think this is important to note
So the implication of the joke was, "Your quickest coming took a while, you must be a practitioner of orgasm-delaying, such as for instance tantric sex advocate and overrated musician, Sting."
Dissecting the fuck out of some frogs, over here
At least we can get some frog legs now.
What does Biblo's sword have to do with wrestling?
Suddenly I have this image in my head of an Animaniacs take on Lord of the Rings where Pinky plays the wizard, Gadnarf.
Charon on break or something?
https://www.youtube.com/watch?v=lcMkf2iq1Ac
author is a reporter for the New York Times.
Yes, you're reading that correctly, Trump's campaign made up 3% of all US credit card fraud claims. Oh, not surprised, me neither. Welcome to the club.
battletag: Millin#1360
Nice chart to figure out how honest a news source is.
Wait, what's this I'm hearing
People are still claiming absolute loyalty to the party that literally actually robbed them
Hi Sting you can’t fool us
The most plausible explanation to me is that Trump and others stole it. With such a small RNC and next to no rallies I can't imagine any other way a campaign that raised that much money ended up in the red.
not trying to argue any particular point, but not ALL real estate is easy to value.
Donald has basically been hacking the financial system by maintaining a portfolio of bespoke luxury real estate whose value is... flexible at best. How do you do price comparisons on a luxury golf course?
He can buy a piece of land, mow the lawn, stick a flag in a hole, and call it a luxury golf retreat, tell banks its worth half a billion dollars, and take loans against it
then when the tax man comes he can claim that it's just a golf course "lol" and actually makes no money because he comps all his employees free stays at retail price as a writeoff.
always thought the storyline of "haha donald is actually broke he sucks as business he makes no money see his tax returns!!!" was so stupid because anyone who knows how real estate works with taxes already knew what those returns said. property depreciation is a hell of a drug.
the bigger/more interesting story of Donald's financial adventures are his relationship with the banks who were stupid enough to go along with him. he's going end up going unpunished, but the fools at deutsche bank maybe not so much
I mean, that first image there directly talks about "ten rules for life" and Peterson's "twelve rules for life" are a thing.. It seems pretty direct