Trump reported making more than $1.6 billion while president. Is ANYONE okay with that?

[soothsayer]

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BrooklynDad_Defiant!
@mmpadellan
"bUt hE dOnAtEs hIs sAlArY!"

Jon Cooper 🇺🇸
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Trump reported making more than $1.6 billion while president. Is ANYONE okay with that? https://citizensforethics.org/reports-investigations/crew-investigations/trump-reported-making-more-than-1-6-billion-while-president/

[CaliforniaPeggy]

1. NO, IT'S NOT OK WITH ME. DISGUSTING GRIFTER. n/t

[Atticus]

2. Well, yeah, but didn't he pay $750 in income taxes for one of those years? nt

[soothsayer]

3. Seems fair

[louis-t]

4. He is still broke.

If a person has a billion dollars, but 1.2 billion in debt, is he a billionaire?

[former9thward]

28. Forbes says he is worth $2.4 Billion.

They are the most athorative wealth analysis. There is no evidence he has debt of $1.2 Billion.

https://www.forbes.com/profile/donald-trump/?sh=39b2c02047bd

[Hoyt]

5. Well, he wasn't forced to sell his businesses. Hope Americans wise up

and don’t elect another lying businessperson.

[malaise]

6. He's not president now so how is he making?

They must mean made

[niyad]

19. "reporting making while president." Construction a bit awkward, but okay. Except it should read

"reported grifting while president."

[malaise]

23. I realized that it was just clumsy after I poated

I'm pissed that he and his goons are still pretending that he's president

[I_UndergroundPanther]

7. No,not ok.

Fucking pig I hate that orange pos. He should be investigated and every dime he got in neferious ways confiscated.

[ProfessorGAC]

8. I Don't Believe It

Revenues went down for 4 straight years, and fell off the map in 2020.
$400 million a year is 5% of asset value (real) while revenues were going down.
This suggests an accumulated valuation over time (let's say 15 years) that would have raised assets & lowered debt such that his credit rating with Moody's was sterling. It's not, which is why US banks cut him off.
It's also 33.3% of his "claimed" net worth (he lied), yet Forbes had him losing $1.2 billion in net worth.
Forbes' estimate ignores the Moody's analysis that showed assets highly inflated, and they ignored the now disclosed debt to German, Russian & Chinese banks. And net worth STILL went down a billion two.
Wherever this $1.6 billion figure came from, I call BS.

[TexasBushwhacker]

14. I agree

Was that his gross or net? I certainly don't believe his properties legitimately made that kind of PROFIT. The bulk of Trump's net worth has always been on his illusory "brand", which is now worth as much as a bucket of warm spit.

[AZ8theist]

17. I agree it's warm, but I think the liquid comes out of the other end....

[TexasBushwhacker]

26. Well, at least that could be used as fertilizer n/t

[stillcool]

9. I'm sure he made a lot more...

under the table, but then he owes. I think it's impossible to determine his real wealth, or lack thereof until those loans come due. I wonder what his relationship with Deutsche bank, or any other bank is like these days.

The argument could be made that Trump needed the presidency to keep his struggling business empire above water and the profits flowing into his pockets. The Trump Hotel in DC defied all expectations to quickly turn a profit despite charging well above most other DC hotels. People who wished to influence the president—lobbyists, politicians, foreign and state governments—paid a premium to see and be seen at the Trump Hotel, rubbing elbows with the president and his closest advisers. With Trump out of power, although threatening America with another run, it remains to be seen whether his businesses will still be seen as a new breed of corporate and foreign lobbying. In the wake of his attempted insurrection, many companies cut ties with his businesses. Only time will tell if that holds.

When Trump failed to separate himself from his businesses—and in fact used the presidency to increase his business earnings—he made it clear that his top priority was his personal profits. In that regard, the Trump administration was a ringing success.

[bluestarone]

10. He RAPED our country and Destroyed our court system

Not ONE of the white supremacists, religious rt. QTHUGS congress (ALL rethugs) people give a RATS ASS that he did it!

[colsohlibgal]

11. No

But then I despise him and everything he stands for. It still astonishes me that he got elected.....only because of our Electoral College but still millions had to vote for hat dumb Carnival Barker.

[Firestorm49]

12. Well, we supposedly have a piece of legislation humorously referred to as the Emoluments Clause.

It’s cute and has all kinds of legal script, but other than that, it’s just wallpaper.

[WarGamer]

13. God I hate these clickbait Tweets.

Reality:

Trump owned businesses had gross income (revenue) of $1.6B over 4 years.

It's NOT profit, it didn't go into ANYONE's pocket.

Unfortunately some will read this and think Trump became $1.6B wealthier over the last 4 years...

Example: a Grocery Store may have 10 million dollars a month in revenue. They are low margin businesses, 2-3% margin. But 10 million sounds better than 300,000 right?

[oldsoftie]

25. Glad I read your post before i read that nonsense.

I knew there was NO WAY Trump profited over a billion in those 4 yrs. By all accounts his worth DROPPED.

[reACTIONary]

30. Thanks! That's what I thought....

... It sounded implausible. You saved me the trouble of having to look into it myself.

[Towlie]

31. Yes, implausible, especially the part where Trump supposedly reported it.

 
?

Even if it were true Trump would never have reported it.

[ancianita]

15. This raises the question of why there's even an emoluments clause in the Constitution, when four

years has clearly proven it to be UNENFORCEABLE.

WTF IS UP WITH SCOTUS. Is anyone okay with THAT??

[AZ8theist]

16. Like anyone who knew this scumbag thought it would be different??

Remember THIS BULLSHIT??

[rickyhall]

18. How much did he take from the taxpayers?

[spanone]

20. FUCK HIM

[SayItLoud]

21. Unless the DOJ or NYAG or SDNY or someone else steps up and SOON...he'll get away with it and more.

[Cha]

22. Rt.. Fucking Treasonous Psychotic

Grifter!

Fuck Off to the magats who give him cover & the m$m who try to Normalize the Stone Cold LOSER!

[Sympthsical]

24. That's *revenue*

We don't know how much of it is profit.

That said, wonder how much of that was ours. Secret Service hotel rooms ain't cheap.

[Dirty Socialist]

27. Yeah, and the Pope is Buddhist

Trump is lying his ass off, as usual.

[tavernier]

29. I did better than Rump!

I got rid of him.

[Blue Owl]

32. What did Jimmy Carter make with his peanut farm again during his term?

Oh, that’s right... he sold it to avoid any conflict of interest...