Why don't the Fox News owners pay them if they want to so bad? Idiots.
this post was submitted on 20 Mar 2024
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Ruperts got the cash.
I'd say this is a mess of Trump's own making. Nobody forced him to perform the actions that got him into this legal trouble. If you can't afford the penalty, don't do the crime.
Pay up for daddy musk
I also want to see billionaires spend their money on things that I want them to
Wait, so it's okay for billionaires to hoard their money and not give back to society and try to help with homelessness and starving kids but they should put up millions to help Donald as soon as he needs money?
According to Donal Mar-a-lago is worth billions already. Couldn't he put that up for collateral?
"Why are there no Republican multi-billionaires offering to lend President Trump the funds to file his appeal in the outrageous case in NY state?"
Donald Trump is a Republican multi-billionaire, maybe he should pitch in.
He should just go without his lattes & avocado toast and stop buying phones if he can't afford his lifestyle.
Something something bootstraps.
Something something "personal responsibility."
Something something "own fault."
This is it. This is where Republicans turn on the wealthy and we finally start taxing them.
Please let this be it.
It could be that anyone with that level of liquid assets available knows that a "loan" will never be paid back - it was PROVEN that the Trump Org engaged in fraudulent activity, so the appeal is just to try to gain some time. Anyone who puts up cash pending the appeal will definitely lose it once the process confirms what the courts have already ruled.
Find someone who values those properties the amount you say they are and then we'll talk.
-New York State.
I know these are always wrong but it says $50 million
https://www.celebritynetworth.com/richest-politicians/republicans/mark-levin-net-worth/
Millionaire complains about billionaires
How much has Mark Levin kicked in? Surely he can loan Trump 5 or 10 million to help him get there.
I wonder why he hasn't?
Someone needs to write a book.. “The Fart and the Squeal: A history of the Trump dump” with all proceeds going to charities. I want to raise more money for that than he ever could for his litigation obligations.
Isn’t Trump supposed to be a billionaire? Surely a billionaire can pay his own bills! Maybe he isn’t the billionaire he claims to be.
I imagine you probably don't become a billionaire by just letting people force you to pay your "bills," or by following "the law," or by caring about "people," or by responding to ethical "responsibilities."
Probably you become a billionaire by doing the opposite, but idk
Not just a billionaire but he testified under oath a month or so ago that he had approximately $400 million in cash so covering the whole thing himself should be relatively easy.
Except they want over $500 million in cash counting interest.
So Trump puts up $400 million of his own and gets a bond for the remaining $100 million & change. It doesn’t ALL have to come from a bond.
The 400m dollar amount is based on an audit conducted in 2021, where it listed him having around 298m. The total of 400 was an estimate based on his income and liabilities since that time.
I for one highly doubt that he has 400m in liquidity. Not because he's incapable of raising that much wealth, but because it's an incredibly dumb move to keep 400m in cash. There's no financial benefit like meaningful interests rates, and it doesn't offer any tax benefits.
Even if he has kept it in partial liquidity like a money market account or Treasury bills, the amount and the timelines may not allow for him to access the totality of his funds in time.
T-bills are highly liquid.
Better yet, if he kept it in the SP500 then it would be liquid and a better investment than whatever Trump Org is doing.
T-bills are highly liquid.
Depending on what maturity rate you choose. I think the shortest is little over a month?
kept it in the SP500
Not super liquid if you are considering taxes.
Liquid means something can be sold quickly for its market value. In other words there are lots and lots of potential buyers bidding for it, so low-balling won't work, so you will get a fair price. Whereas an illiquid investment, like real estate, has few potential buyers. If you are in a hurry to sell real estate, buyers can lowball you.
Liquidity has nothing to do with whether it is wise to sell right now.
Depending on what maturity rate
T-bills are constantly bought and sold on the secondary market before maturity, the maturity value is built into the market price. If your T-bill matured in 10 years you could sell it tomorrow if you wanted, and you would get a fair price.
You can find quotes here. Want a T-bill that matures on Mar 31? You can easily buy it. Or sell it.
Not super liquid if you are considering taxes
Taxes depend on if your investment was profitable, not liquidity. Something can be illiquid but subject to no taxes (if you lost money on it) or very liquid but subject to high taxes (if you made a lot of money).
Of course, it's possible that selling an investment today wouldn't synergize with your particular tax avoidance strategy. But that's not a liquidity problem, that's a you problem.
You're right, that guy doesn't know much about liquidity. Trump could have parked his money in T-Bills and made 4.8% annually on them, risk free. And no state taxes.
Sounds like a smart thing to do if you're going to pay a fat judgement. Trump is bad at planning and shouldn't get the benefit of the doubt. He just didn't plan on losing at all.
Isn’t that taxing the rich to pay the poor? Redistribution of wealth? Welfare?
Is that what Fox is advocating?
Rules only apply to their enemies.
I guess his new shoe line didn’t take off like he expected.
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