[ad_1]
A key phrase in the New York Times big reveal about Donald Trump’s tax returns reads:
“In the end, Trump has been far more successful in acting like a business mogul than in being a real person.”
In dialogue with his constituents, Donald Trump has often highlighted his alleged $ 1 billion fortune.
The riches claimed have been a decisive reason to vote for Trump.
Read more: Donald Trump tax: $ 750 the year he assumed the presidency
In the last election considered Trump voter Hillary Clinton as a mere politician, a person who had to give well-paid lectures to Goldman Sachs to fund her campaign.
Whereas Trump, fans imagined, was so rich that he could do and say whatever he wanted. A free man who was in no debt to anyone.
Economic independence was the precondition for Trump to be able to drain the swamp, clean up the corruption in Washington, and carry out everything else he promised.
Men New York Times now reveals that Trump’s notion of economic independence is based on a fatal misunderstanding.
In fact, Donald Trump is deeply in debt. He owes borrowers between $ 300 million and $ 400 million, and between SEK 2.7 and 3.6 billion, loans of which he himself is largely a guarantor and which he must begin to repay in the coming years.
In 2018, Trump claimed he made a profit of $ 434.9 million. According to the New York Times, 2018 was indeed a year of losses for the president. It ended at minus $ 47.4 million.
Golf courses and hotelsCrucial components of the Donald Trump brand, it bleeds and has for years.
The losses could be an image problem for the politician Trump.
Perhaps more problematic than the information that Trump barely pays income taxes.
The same year he was elected president, in 2016, Trump paid just $ 750 in federal income taxes. In 2017, Trump also paid the same amount. Compared to Barack Obama and George Bush, who paid more than $ 100,000 annually in federal income taxes when they were presidents, according to the New York Times.
But Trump has been relatively outspoken about taxes. In a debate against Hillary Clinton in September 2016, Trump said, “Not paying taxes makes me smart.”
Many Trump supporters on the far right, they view taxes as theft. Undermining the state is a merit. The welfare state is an abomination.
They probably feel stronger about Trump’s supposed fortune. Trump himself has at least been concerned with protecting the fiction of his infinite wealth. He has refused to release his statements, a violation of practice.
When I interviewed the famous American historian Timothy Snyder, he called the fiction of successful businessman Trump “the key to everything.”
“If we buy into his image of himself as a successful businessman, we also risk moving on to the next chapter in his story about himself: that he would have the ability to succeed in politics because he was successful in business,” Snyder said.
In factSnyder said, “we must assume that“ the president is in a private financial crisis. ”Something that the New York Times now confirms.
This means that fans, if they read the New York Times data, must realize that Trump’s image is based on fiction.
“Mr. Trump wants to look like a Russian oligarch,” said Timothy Snyder. But he is not an oligarch. Even as an oligarch, he is a failure. It doesn’t even meet its own criteria for success. He admires Putin because Putin has succeeded in what he himself has not been able to do.
– It’s not just sad. It affects the entire political system. Trump’s notion of success is to become like those who have triumphed in international gangster capitalism. You have to break the law, do whatever it takes, and then be number one. But he has not even succeeded.
Trump is anything but independent. Debt makes it a wandering conflict of interest, writes the New York Times:
“Now, as the mountain of financial challenges grows, the documents show that he is increasingly dependent on making money from his companies, putting him in a potential and often direct conflict of interest with his job as president.” says the newspaper.
Trump relies on interest groups and political allies to stay overnight and rent his hotels and golf clubs. Without the bills they pay, it would sink. Being so financially vulnerable in the White House means you are a security risk to the American people.
During the first In the presidential debate on Tuesday night US time, Joe Biden learns how to try to undress Trump with the help of new information from the New York Times.
Biden is the right person to do it. She has 50 years of political commitments behind her. But that’s precisely why Biden has been careful not to invest in stocks or become financially dependent. He is significantly freer than Trump in that regard.
Read more: A day with Fox, the channel that goes hand in hand with the White House
Read more: Biden in continued leadership when Trump enters
