How Rich Is Donald Trump?

This clip examines how easy it is for the ultra-wealthy to hide the true extent of their fortunes and explores the cat and mouse game between governments and billionaires. We'll look at examples of huge discrepancies between real wealth and Forbes listings, and how offshore accounts obscure most wealth.
The discussion then shifts to different models of wealth accumulation like Elon Musk and Donald Trump. While Trump relies heavily on leverage and debt, was this the secret to building his empire? We also consider if cryptocurrency could help spawn a new class of "stateless" billionaires beyond government control.
Next, the challenges of accounting for bitcoin gains are unpacked, and how this gray area has governments ramping up cryptocurrency tax enforcement. But will their actions just lead to more capital flight as high taxes push people and businesses elsewhere? The future of sovereign wealth is explored.
This conversation weighs the idea that true wealth today is measured more by debt access than cash on hand. Examples like Musk show how leverage can transform into pure equity ownership. We also look at California's tax rates and the exodus now occurring there.
Finally, price predictions for bitcoin are shared, and how half a million per coin could see current crypto millionaires enter the billionaire class. But would governments crack down even before then as cryptocurrencies open new doors for obscuring trillions of offshore wealth? Intelligence and nuance are brought to these complex issues.

McShane Twitter Handle: @mcshane_writes
Q Twitter Handle: @q_liketheletter

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