Is Donald Trump broke? | The Tylt
Donald Trump's fundraising woes have been front and center this week. A report filed to the Federal Election Commission (FEC) revealed his campaign war chest has just a paltry $1.3 million in cash (as opposed to Hillary Clinton's roughly $42 million). Not to worry, his supporters say. He is a billionaire who already loaned his own campaign $48 million. Money is no object where Trump is concerned. He can always self-fund his campaign. Or can he?
Is so-called billionaire Donald Trump actually broke?
There's been some strange discrepancies around Trump's empire. The bottom line is that no one knows Trump's net worth, but the speculation commonly starts in the billions. Forbes puts his wealth at $4 billion, Bloomberg at $2.9 billion. But over at the Alpha Pages, Doug Litowitz argues that
"Trump does not speak, act, or behave like a normal billionaire....He behaves like someone who is desperately broke....What is the economic advantage to a billionaire 10 times over of having a brand of bottled water that brings in $280,000?"
In a piece titled "The Real News is Trump Is Broke," Josh Marshall makes a similar argument. If Trump is really worth the $10 billion he claims, why not loan his campaign a few million dollars when it's desperately needed? Marshall thinks he doesn't have it: "It is simply not credible that he is standing on principle in not giving his campaign any more money at such a critical moment when his bid is being so deeply damaged."
On the other hand, his supporters argue that at the end of the day, this is all speculation. Since Trump has not released his tax returns, it is impossible to peg his wealth accurately. Besides, Trump has managed to get the media to give him huge coverage for free. Why spend money when you don't need to? His campaign has flown in the face of conventional wisdom and norms, and this is just another case of it.
Still, being a billionaire is Trump's brand. And if he really is filthy rich, why not infuse his campaign with much-needed funds?
What do you think: #TrumpsBroke or #TrumpsLoaded?
Is Donald Trump broke?
"Billionaire" Trump once had to mortgage Mar A Lago to make a $25 million debt payment.— Pat Dennis (@patdennis) June 21, 2016
He. Is. Broke.
Otherwise, he'd fund his campaign.
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