There is no doubt that the left's lawfare against Trump is intended to bankrupt him. His lawyers notified the New York court this week that they cannot find a bond company willing to guarantee the $454 million civil judgment that he must pay before he can appeal the decision.
Some in the media say this proves Trump is not a billionaire. They don't understand basic finance. Trump's wealth is in real estate, and people in real estate don't have massive amounts of cash lying around.
It's the same for most people who own a home. Their net worth, which includes the value of the home, is usually a lot more than the balance of their bank account.
There are some suggestions that Trump should appeal to the Supreme Court based on the Eighth Amendment, which states, "Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted."
$450 million to appeal a case is definitely excessive, cruel, and unusual.
Here's another problem New York's radical leftists have created with this case.
New York City depends heavily on revenue from real estate investments. The decision itself has already struck a blow against New York City, as serious investors are refusing to do business there. (Here and here.)
Why does the Big Apple suddenly seem rotten to investors? Well, if they can do that to Donald Trump, they can do it to anyone who resists the radical left.
One can only hope that cooler heads will prevail, but it's possible that in their attempt to destroy Trump, progressive politicians will destroy New York City.
Posts
