Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.

Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.

Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.

This is some of why at least some Americans probably wish the Iran plot succeeded

  • nonentity@sh.itjust.works
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    1 day ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

    • BarneyPiccolo@lemmy.today
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      1 day ago

      These Sociopathic Oligarchs have obvious OCD that manifests as Hoarding Syndrome, and their hoarding target is money. They have far, far more than they can ever use, and they have to have even more, even at the detriment of society, their fellow citizens, and even the world itself. They are literally destroying the planet to amass even more treasure, which they won’t even be able to use when the planet is 150 degrees, and they can’t leave their bunkers. Do we really have to wait until it gets to that point before somebody says Barney was right all alone ng, we should have shut this down long ago.

      NOW is the time to stop them, and take away their money. Many of the businesses they’ve built are detrimental to society, and we would be better off without them, or with them in control of responsible people who don’t have Financial Hoarding Syndrome, and will operate the company to benefit society, and not just make more useless profit.

      • Regrettable_incident@lemmy.world
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        1 day ago

        I think they’re just greedy, and they think that because they’ve got more money than everyone that means they’re smarter, better, more deserving than everyone. It’s not a far jump from there to “You will all kneel before me!”

        It’s obviously profoundly unhealthy for society to have extremely powerful individuals around who have this attitude. They need to be removed from society by whatever means necessary and steps taken to ensure their ilk cannot rise again.