Using The Presidency As A Cash Cow

Flying under the radar are reports about the personal financial gains President Trump is making in his second term of office.  As he has pushed America into the crypto and technological world, he has also used these agendas in his presidency to advance not only his own but his family’s wealth as well.

Trump recently released his financial disclosures.  While a full 927-page document could not be found, one 113-page government-released document lists multiple organizations from which he has profited.  Nonetheless, multiple outlets are reporting on the amount of financial gains he and his family have garnered from the actions he has executed while in office.

One area of financial gain is around cryptocurrency ventures, totaling roughly $580 million.  Other reports say it was closer to 1.4 billion.  However, that does not include the supposed $515 million from sales through World Liberty Financial (WLF), the crypto firm founded by his sons, Donald Jr. and Eric.  His investments in the tech industry also coincide with deals he has made with other countries, while his president-related trinkets brought him another $4.7 million, according to one source.

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Meanwhile, the whole scam is folded under the illusion that his actions on cryptocurrencies and technology are in the interests of America.  Circumstantial evidence would point to the high probability that he was greasing the skids way before he began his second term.  One only has to look at the people he has placed around him, technocrats, who themselves have reaped a substantial amount of wealth from Trump’s actions as President.  Howard Lutnick and David Sacks both played a central role in designing the system that has benefited Trump, his family, and themselves.

While Trump gives a song and dance that he “feels bad that the presidency creates a conflict of interest in any of his children’s investments”, the presidential role doesn’t create anything; he does.  His son may handle his money, but most assuredly is handling it in a way in which money is made, and the presidency is most definitely being used to make it easier.  It may not be illegal as Trump suggests. But it is unethical and immoral.  For such a moral, Christian-touting man, his behaviors don’t always reflect those beliefs.

Trump is not isolated in his use of political office as a cash cow.  Many others, like Nancy Pelosi, have gained financially while in office, as seen in this map.  Others say that gaining wealth is not true, as Trump’s associates must disclose incomes that don’t reflect increased wealth while serving.  Senator incomes can be viewed here, and House members here.  Given in this day and age, nothing in print can be believed anyway; who knows what is the real truth.

Regardless, if indeed the reporting is accurate, it is obscene how the office of the President is being exploited for financial gain, let alone how that behavior is being tolerated.  However, this type of wealth accumulation is not isolated to Trump; presidents before him have also reaped the benefits.

This type of wealth accumulation will only continue as Americans have lost control over the government.  It is now continually being embedded into corporations through public-private partnerships.  Instead of the average American driving the economy through their innovation and hard work, it is now corporate power with government partnerships.

The president is using his position to make deals that benefit him, his family, and technocratic corporate pals.  His background as a businessman was never put on the back burner.  That is why the presidency is now being used as a cash cow. What exactly does one do with a $2.1 billion income?