It is now a matter of days before a House committee will
subpoena Trump’s tax returns, so I do not have much time left to make a
prediction based on my groundless speculation.
Here goes.
I have a feeling that Trump is cash poor. That is to say, he owns many expensive
properties, all of which are mortgaged to the hilt or tied up as collateral for
large loans from foreign lenders. He has
a steady stream of income from franchising his name and from rentals at his
hotel properties, but [I suspect] has a very large nut, which is to say very
large regular monthly expenses.
Therefore he needs the relatively small amounts of money [small for a
billionaire] that he gets from things like his MAGA hats and room rentals at
Trump Washington. I do not think he is
just stingy and grabby – that goes without saying. I think he is constantly trying to make ends
meet, but at a level of expenditure the rest of us would consider lavish.
So I am not merely saying he wants every last penny he can squeeze out; I am saying he needs every last penny to keep afloat.
We shall see.
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