"I have been unfairly sued by the Trump Hating Democrat Attorney General of New York State, Letitia James, over the false fact that I inflated my Financial Statements in order to borrow money from Banks, etc..."
Trump has measured himself by lining up assets against liabilities for his entire adult life. In his 1987 bestseller, The Art of the Deal, he recalled his net worth when he graduated from college ("perhaps $200,000," probably the only time he ever low-balled his stash), publicly memorializing a benchmark for measuring his future success.
He added three and almost four zeroes to that figure during the 1980s as a tabloid caricature. As "The Donald" he honed the art of net worth lobbying. Financial summaries would arrive at the FORBES offices, often on gilded Trump-embossed letterheads for extra pop. "We soon learned to take the number he threw out to us for his net worth, immediately divide it by three and refine it from there," remembers Harold Seneker, who ran The Forbes 400 for the first 15 years of its existence. And, indeed, the "divide by three" rule seemed to hold throughout the 1980s, including 1988, when we pegged him at an even $1 billion. The Donald, not content with his new billionaire status, countered with $3.74 billion.
Trump has admitted to doing this time and time again...amazing he can continuously dupe his supporters on Truth Social.
This is why having strong institutions with anti corruption mechanisms is so essential. Democracies aren't perfect by a long stretch, but it is so much better than trying to dig ourselves out from under a full tyranny. Also a large healthy and educated middle class helps. Listen to those maga clowns talk for a few minutes and it becomes pretty obvious how ignorant and exploitable they are. This is what small government and de funding of institutions gets you.
Add comment