Showing posts with label Wealthy 1%. Show all posts
Showing posts with label Wealthy 1%. Show all posts

Friday, October 5, 2018

Daddy’s boy: New York Times investigation exposes the breadth of Trump’s lies and corruption

https://www.salon.com/2018/10/03/daddys-boy-new-york-times-investigation-exposes-the-breadth-of-trumps-lies-and-corruption/
"Part of the Donald Trump myth has always been the idea that he was much more successful than his father. That too is BS. Fred Trump was massively rich, and his wealth is what supported Trump throughout his career. The Times procured hundreds of thousands of confidential documents, including 200 tax returns from Fred Trump's business that show many years of shady business practices designed to hide all these transactions -- which add up to Donald Trump receiving at least $413 million in today's dollars. Trump has always said he got "peanuts” from his father. That's a lot of peanuts. And they started rolling in when he was a tiny boy. The Times found that even as a toddler, he was earning the equivalent of $200,000 a year in contemporary dollars. He and was a millionaire by the time he was eight years old. Year after year he received more money from his father's various trusts, until he was getting $5 million a year all the way into his 50s. It's always been unclear how Trump could maintain his luxurious lifestyle even when his businesses were all cratering in the '80s and '90s. Now we know. Fred Trump took very good care of his boy even after he found out that Donnie was fiddling with the will without telling anyone and had his daughter Maryanne (now a federal judge) find someone to draw up papers stripping his son of sole control over Fred’s estate."

Thursday, October 4, 2018

Former Koch staffer appointed to key EPA position

https://thinkprogress.org/koch-epa-industry-david-dunlap-chemical-water-1f08cfa2fb01/
"The Environmental Protection Agency has hired a former Koch Industries staffer who worked on water and chemical policy to fill a key role within the agency, continuing a Trump administration trend of appointing company insiders to oversee the industries they are meant to regulate."

Tax Dodger Donald Trump Is Looking Out for His Own Kind

https://www.esquire.com/news-politics/a23580840/donald-trump-republicans-slash-irs-funding-enforcement/
"In typical Trumpian fashion, it was not enough to scam the government. His father engineered a trickle-down scam, where this family—whose scion now bills himself as a Fighter For The Forgotten Man as a politician—used the mechanisms of tax avoidance to also squeeze the little guy with artificial rent hikes."

In Trump, GOP Grifters Welcomed the Biggest of Them All

https://www.thedailybeast.com/in-trump-gop-grifters-welcomed-the-biggest-of-them-all?ref=home
"Trump was the logical culmination of all the moves Republicans have made in the last 25 years or so to degrade the norms of our democracy, he is also the logical culmination of everything they’ve done to turn the economy from one that helped the broad middle class to one that serves only those at the top. Put more succinctly: Of course they elected a plutocrat tax cheat. They spent 30 years making the world safe for plutocrat tax cheats!"

Under Cover of Kavanaugh, Republicans Passed Huge Tax Cuts for the Wealthy

https://www.commondreams.org/views/2018/10/03/under-cover-kavanaugh-republicans-passed-huge-tax-cuts-wealthy
"While Americans watched the Senate, House Republicans passed an extra $3 trillion tax cut for rich people and corporations"

NYT Expose: “Self-Made Billionaire” Donald Trump Built Empire on Father’s Money, Tax Dodging & Fraud