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Ravi Kunjwal
Worked at Perimeter Institute for Theoretical Physics
Attends The Institute of Mathematical Sciences ("Matscience"), Chennai
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Ravi Kunjwal

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Broke — but self-funding

During the primaries, Trump claimed he was rich and couldn't be bought.  He said he wouldn't have a super-PAC.   Now he has a lot of super-PACs - all fighting each other.   But his campaign has very little cash!  

In May he tweeted:

Good news is that my campaign has perhaps more cash than any campaign in the history of politics.

But this was a lie.   By the end of May his campaign had less than $1.3 million.  At least, that's what he reported to the Federal Election Commission.  

That may sound like a lot if you don't know US politics.  But Clinton, by comparison, had $42 million.   Even Ben Carson - remember that guy, the nutty candidate who claimed the pyramids were built for storing grain? - had $1.7 million when he quit back in March.

So, by US standards, Trump's campaign is broke.  

And he keeps putting campaign money back into his own pocket!

Throughout his campaign, up to the end of May, he has given $6.2 million of campaign funds to companies he owns.  That's roughly 10% of his campaign spending so far.    And in May this rose to almost 20%: he spent $6.7 million on his campaign, but over $1 million of that went to his own companies.

According to the Huffington Post:

The most striking expenditure in the new filings was $423,372, paid by the Trump campaign for rentals and catering at Trump’s 126-room Palm Beach, Florida, mansion, Mar-A-Lago, which Trump operates as a private club.

Other Trump-owned recipients of campaign funds include Trump Restaurants, which raked in $125,080 in rent and utilities; Trump Tower Commercial, which charged $72,800 in rent and utilities in the building that houses Trump’s campaign headquarters; the Trump National Golf Club, in Jupiter, Florida, which collected $35,845 for facilities rental and catering; and the Trump International Golf Club in West Palm Beach, Florida, which billed the campaign for $29,715, for facilities rentals and catering.

So, Trump has given a whole new meaning to the term "self-funding".  In 2000, he said:

It's very possible that I could be the first presidential candidate to run and make money on it.

It seems that Trump plans to let the Republican National Committee pay for most of his campaign.  They've got some money: they started June with $20 million in cash.  But four years ago at this time, they had more than $60 million.  Their big donors are shying away from Trump.
 
I would love to get money out of US politics.  I hadn't expected Trump to take the lead. 

Here is his May report to the Federal Election Commission:

http://docquery.fec.gov/cgi-bin/forms/C00580100/1079423/

Here is the Huffington Post article:

http://www.huffingtonpost.com/entry/trump-campaign-payments_us_5768a69ee4b0853f8bf1fe2d

Here is an article on Trump's super-PACs:

http://www.motherjones.com/politics/2016/05/donald-trump-super-pac-problem

Trump's boast that his might be the first presidential campaign to make
money:

http://www.theatlantic.com/politics/archive/2016/05/trumps-self-funding-lie/482691/

More figures from here:

http://www.wsj.com/articles/hillary-clintons-war-chest-grows-aided-by-super-pac-1466464804

http://www.msnbc.com/rachel-maddow-show/more-ways-one-the-trump-campaign-broke
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Warning: this comic occasionally contains strong language (which may be unsuitable for children), unusual humor (which may be unsuitable for adults), and advanced mathematics (which may be unsuitable for liberal-arts majors). BTC 1FhCLQK2ZXtCUQDtG98p6fVH7S6mxAsEey
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In my own anti-Trump post two weeks ago, I started out by mentioning that Terry Tao and Stephen Hawking had recently denounced Trump, and jokingly wondered when we'd hear from Ed Witten. Well, will Leonard Susskind of Stanford University—a creator of string theory, and one of the most ...
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In my own anti-Trump post two weeks ago, I started out by mentioning that Terry Tao and Stephen Hawking had recently denounced Trump, and jokingly wondered when we'd hear from Ed Witten. Well, will Leonard Susskind of Stanford University—a creator of string theory, and one of the most ...
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Warning: this comic occasionally contains strong language (which may be unsuitable for children), unusual humor (which may be unsuitable for adults), and advanced mathematics (which may be unsuitable for liberal-arts majors). BTC 1FhCLQK2ZXtCUQDtG98p6fVH7S6mxAsEey
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Today we take a break from this blog's usual round of topics—free will, consciousness, the Singularity, social justice, Donald Trump—to talk about something really crazy and left-field. Namely, recent research in quantum information. Earlier this month, William Slofstra, currently a Research ...
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Have him in circles
276 people
rohit saxena's profile photo
Johann Posch's profile photo
Arun V's profile photo
J. Caleb Wherry's profile photo
Bob Coecke's profile photo
Chris Brooks's profile photo
Robert Clark's profile photo
Ana Belén Sainz's profile photo
Oishika Panda's profile photo
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Occupation
Graduate student (Theoretical Physics) at IMSc, Chennai.
Employment
  • Perimeter Institute for Theoretical Physics
    Visiting Graduate Fellow
  • The Institute of Mathematical Sciences
    Graduate student ("Senior Research Fellow")
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Male
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Friends, Networking
Story
Tagline
i came, i saw, and i still wonder
Education
  • The Institute of Mathematical Sciences ("Matscience"), Chennai
    Theoretical Physics, 2010 - present
  • St. Stephen's College, Delhi
    Physics, 2007 - 2010
  • St. Thomas' College, Dehradun
    2002 - 2007
  • St. John Bosco College, Lucknow
    1993 - 2002