[ExI] Repudiating the national debt

spike spike66 at att.net
Mon May 16 02:16:35 UTC 2016



From: extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of John Clark

​>>… ​Not plausible. You don't get to keep and expand a business over 40 years


​>…If Trump ​released his tax returns we'd have some idea just how much if any those businesses have expanded, but he's ashamed to tell us…


How?  His tax return is about last years’ income.  That won’t tell us his net worth, doesn’t tell us what he is holding that doesn’t go on tax returns such as assets that are not being sold, or hard assets such as gold holdings.  If Trump’s income is from gambling, that would be variable; we still wouldn’t know what his net worth might be.  Good chance Trump didn’t sell much of anything last year, for he was thinking about politics rather than business.  That tax return will not tell us any of that.







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