- cross-posted to:
- politics@beehaw.org
- cross-posted to:
- politics@beehaw.org
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
And what’s he even going to do with it? Dude is a walking caricature of American diet related health problems, in his 80s. Beyond the fact that so many groups would love to take a shot at him, he’s pretty likely to take himself out within the next few years anyway.
So what’s the point of getting absurdly rich? You can’t take it with you, and he very obviously only cares about himself, so he isn’t doing it for his family.
My father was a malignant narcissist.
They do live through their children. Not in any sort of nice, generous way. But they try to clone themselves via their offspring. Look like me, follow in my professional footsteps, have the same opinions about everything.
I think he’s talked about building a dynasty a few times, and that might be part of it. If he is the origin of a dynasty he probably thinks the world will se him as a god or some delulu shit. His interest in building monuments all over Washington also seem to paint a similar picture.