With the release of Donald Trump’s FEC filing on his holdings claiming his net worth above $10 billion, the question arises once again: why won’t Donald Trump self-fund his campaign?
Does Trump — a self-proclaimed elite businessman used to making investment judgments — know deep in his heart that he is likely to lose and thus doesn’t want to spend more of his own money even to become President — or is he in fact so illiquid that he can’t even come up with a paltry $500 million (less than 5 percent of his reported net worth) to help his own campaign?
The filing document is what the FEC terms a PFD or “Personal Financial Disclosure.” It is a projection by the filer of what they assert their worth to be. But facts are stubborn things, which is why, absent a tax return as proof of his PFD assertions, we’ll never really know for sure if he’s a financial genius or a charlatan. Are Trump’s unwillingness to self-fund and his unwillingness to reveal his tax returns two strands from the same cord? Without financial transparency, Trump’s claim that “this is the kind of thinking we need for this country,” remains spurious at best and a downright fraud at worst.
Mr. Trump’s PFD contains some other surprising information. For instance, he reported that his revenue increased $190 million during his run for the White House. Isn’t this, by extension, the kind of scandalous pocket-lining that voters — perhaps especially Trump voters — should find so upsetting about politics today? Continue Reading