A physical Trump library may never come to pass except as some money-laundering real estate scheme. The tweets don’t take up space, and planning for a library would suggest “Trump’s done being president” and that’s not something he’s ready to concede,
Anthony Clark went on to predict that Trump’s presidential library may never come to pass.
According to Bloomberg, “Clark said he doubts that Trump will ever have a presidential library because of how expensive and complicated they are to build, how difficult it is to secure a location and because he didn’t start raising money and planning before leaving office as other presidents did.”
Should Trump go forward with plans to build one, one expert stated, “The most likely vehicle would be a nonprofit charity, the model used by modern presidents, because donations are tax deductible and the entity doesn’t have to pay tax on the money it raises,” reports Bloomberg.
However, Trump’s use of a charity would come under scrutiny given his history in New York where he and his family have been ordered to pay fines.
“Trump agreed to pay $2 million in damages and shut down the Donald J. Trump Foundation in New York as part of a settlement in 2019 after allegations that he violated state rules governing nonprofits by spending money improperly, including buying a portrait of himself at a charity auction,” the report states. “The former president’s political committees also raised more than $225 million after the 2020 election by telling supporters the money was needed to “stop the steal” through court fights. But his campaign disclosed spending just $8.8 million on legal expenses for recounts and court challenges, with most of the money still available to Trump for political activities as he ponders his next moves.”
Planning for a library would suggest Trump’s done being president and that’s not something he’s ready to concede, people familiar with his thinking say https://t.co/NRkk7vOlkS
— Bloomberg (@business) April 5, 2021
— Beth Reinhard (@bethreinhard) April 3, 2021
So, where do you think Donald should build his "Presidential Library," friends? 😂 pic.twitter.com/EVhe0uX8sl
— George Takei (@GeorgeTakei) March 30, 2021
Digitized collection here. ⬇️https://t.co/I4CR8fvcte
— Librarians For Secretary Pete ✈️🚆🚗🚲🚶♀️🦽 (@ForLibrarians) March 29, 2021
The Former Guy is going to rage and rage out of envy but he cannot tweet, so . . . womp womp https://t.co/rqRpwOUISU
— Jennifer Taub 🌻 🇺🇸 (@jentaub) April 5, 2021