Mar-a-Lago

So, the woke media is making a lot of noise about the valuation of the President’s Mar-a-Lago property:

In 2020, the same year Donald Trump valued his Mar-a-Lago social club at $517 million in his statement of financial condition, the former president’s tax representative signed a waiver agreeing with a much lower market value of $27 million, according to documents entered into evidence at trial.

And I say, so what? Is this fraud, or business acumen? Anybody with just a little bit of business understanding would appreciate that a property may have different values for different purposes. E.g., Mar-a-Lago may have the following three different values:

• Sale value (e.g., $180M): this is the amount that you could sell the property for.
• Tax value (e.g., $18M): this is the amount that you declare in the tax documents.
• Loan value (e.g., $1.8B): this is the amount that you declare in loan documents.

Now, who says that all these values should be the same? A smart businessman should try to reduce his costs, so he may declare a smaller tax value so that he does not have to pay property taxes on the full sale value of the property. In the above example, by declaring a tax value of $18M which is 10 times lower than the sale value of $180M, the President could pay 10 times lower property taxes. Now, is this fraud, or does it just show that the President is a smart businessman? Surely, the President had clearly mentioned in the tax documents submitted to the county property tax assessor that the amount declared on the form was “only for tax purposes.” But of course, the low-IQ Democrat DA and Judge not only are not able to appreciate the smart and brilliance of the President as a businessman, but are also viciously trying to present this as an evidence of “fraud.”

On the other hand, imagine the President wanted to take a $500M loan using Mar-a-Lago as collateral. Would he be able to do that had he declared, in the loan documents, the value of the property as its sale value of $180M? Of course not. The bank wouldn’t give him a loan of $500M with a collateral of only $180M. So again, being a smart businessman, the President had to make a decision here to declare a higher value of $1.8B, to be able to obtain that loan. Again, is this fraud, or does it just show that the President is a smart businessman? Surely, the President had clearly mentioned in the loan documents submitted to the bank that the amount declared on the form was “only for the purposes of obtaining this loan.” But of course, the low-IQ Democrat DA and Judge not only are not able to appreciate the smart and brilliance of the President as a businessman, but are also viciously trying to present this as an evidence of “fraud.”

Now, I ask you to be the judge, and tell me how the President should react to this injustice?