Donald Trump’s net worth is estimated at 2.6 billion dollars.Yeah, we could compile a list of people who have gotten fucked by the American judicial system. And I have a lot more sympathy for people who were executed for crimes they didn't commit and people who languish in jail for decades for nonviolent drug crimes than I do for Trump. I'd argue the latter is contrary to the 8th amendment as well. The former is too -- capital punishment should be done away with. Trump's advertisement where he promoted execution of the Central Park Five, and his failure to admit he was wrong is, in the words of Salty, sad.
https://en.wikipedia.org/wiki/Wealth...golf%20courses.
Donald Trump now owes a half a billion dollars in fines and that’s a considerable fraction of his net worth. However I’m not shedding any tears over it. Better a rich man with all the power that comes with it and all the legal representation he would want is fined a large portion of his wealth than a poor man with no legal representation and no money gets sent to death row.
Doesn’t anyone remember the Central Park Five? Trump advocated for the death penalty for five innocent men and refused to admit his error when they were exonerated years later.
https://en.wikipedia.org/wiki/Central_Park_jogger_case
So he is losing some money. Boo Hoo Originally Posted by txdot-guy
However, two wrongs don't make a right. You and I may not relate to members of the National Socialist Party of America (Nazis) who marched through the village of Skokie, Illinois, but hopefully we'd both defend their constitutional right to do it. I'm not calling Trump a Nazi btw, just throwing this out as an illustration. Regardless of your view of the man, he should be entitled to fair treatment.
If it's not even going to cover what he owes, how the fuck is it excessive? Sir. Originally Posted by eccieuser9500I get the karma argument eccieuser. Having read two biographies about Trump before he became president, I could probably make it better than you. He frittered away $900 million of his bondholders money in Atlantic City. He defaulted on $300 million in loans, part of which was eventually actually paid off, associated with his Trump International Hotel & Tower in Chicago. While we feel honor bound to pay our debts, Trump, in his own words, believes he has "brilliantly used the laws of the country" to screw over creditors. He's also fucked over his vendors, investors and customers from time to time. Very possibly people and businesses have unfairly lost over $455 million (Engoron's $355 million fine + $100 million interest) to Trump.
But, again, two wrongs don't make a right. The banks knew full well going into their dealings with Trump that he was a liar. Trump's 2011 financial statement, supplied to Deutsche Bank, his biggest creditor, showed his net worth as $4.3 billion. Deutsche Bank marked it down to $2.4 billion:
https://fortune.com/2023/10/12/trump...bank-official/
And in 2019, the financial statement he gave to Deutsche Bank showed his net worth at $5.8 billion. Deutsche marked it down to $2.5 billion.
https://fortune.com/2023/11/29/donal...aims-auditing/
The banks weren't deceived. The banks didn't lose money on the loans questioned by Engoron, or at least I don't think they did. (I haven't read the decision.) Trump doesn't deserve to pay $455 million for charges brought by Letitia James. The state of New York doesn't deserve the $455 million for shaking him down. This is bull shit, although, admittedly, as highlighted by txdot, Trump's not the only one who's gotten screwed over by our judicial system. By a long shot.
What stinks about this is the political aspect. There are a lot of shady businessmen who mostly stay within the letter of the law. And they're not getting fined 20% of their net worth. Trump's a very unpopular politician in New York, and that's why they went after him.