“He suffers a forced sale of properties he would’ve preferred to keep, but in their place he gets the fair market value as reflected in the winning bid.”
And THIS makes him whole???
I can not disagree with you more!!!
As a business owner, I could not replace my property and re-open my business for the meager amount that people would pay for my lifelong work at a State public auction. I would lose not only the loss of value of the property, but also all my potential income for the future from the property -— as would Trump.
Plus => it wouldn’t surprise me at all if New York taxed proceeds of the payment as “income” to Trump from the sales of his properties as well.
“And THIS makes him whole???
I can not disagree with you more!!!”
What I actually wrote (see #7 in this thread was) “That’s a loss to him....” So I certainly didn’t say it made him whole. You and I are in agreement that he’d suffer a loss.
What I said was that the properties wouldn’t be outright confiscated. There are cases where the government proves that a car or even a house is being used for drug dealing. The result is that the convicted criminal loses that property with no compensation. I’ve seen some writings that seem to assume that’s what would happen to Trump’s properties. That assumption is wrong.
It would still be a loss to Trump, which is why his lawyers are asking the court to stay enforcement even if he doesn’t meet the normal requirement of posting a full bond.