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How Trump's Rich Friends Get Obscenely Richer [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-09-02
Just when you thought you’d seen it all,
Lutnick Family Angling to Make Astronomical Sums Off Court Nixing Tariffs
In July, “one of the most aggressive buyers [of potential tariff refunds from major importers] was Cantor Fitzgerald, the firm until recently headed by Commerce Secretary Howard Lutnick and now run by Lutnick’s sons ... far more important than whatever influence Lutnick has over tariff policy is that significant visibility he has into the bet’s probable outcome.”
“Any way you look at this it’s corrupt as hell ... it typifies the heads I win tails you lose rules the billionaire class and their sub-billionaire toadies live by. ”
Never before have we had a government so totally corrupt at the top, so single-mindedly committed to using their offices to plunder whatever they can.
Want more? See these headlines from today’s news -
Ex-Dem Sinema taking credit for key parts of Trump's megabill as she rakes in cash: WSJ
Trump Family Amasses $5 Billion Fortune After Crypto Launch
And this one from “Forbes”, March 31
How President Donald Trump More Than Doubled His Fortune In One Year
And from the UK’s “The Independent”, April 11
Trump brags in Oval Office that his billionaire pals made a killing in stocks after he pulled the plug on tariffs | The Independent
Plus these updates, “The New Yorker”, August 11 (print edition, August 18)
How Much Is Trump Profiting Off the Presidency? | The New Yorker
And “Daily Beast, August 12
The Staggering Amount Donald Trump Is Profiting From the Presidency Revealed
And on, and on, and so forth …
Meanwhile, the Republicans gleefully extended Trump’s “temporary” tax cuts for the rich from his first administration. They ask us to forget that the original cuts were unfunded (the reason they were called “temporary” at the time) They deny making them permanent increases the deficit (since they are already in force, and thus already contributing to the deficit). And to minimize the fiscal damage being done by making this loss of revenue permanent, they have cut support for the truly poor wherever they can - “Food stamps”, Medicaid, Educational support for impoverished schools, …
This is madness, and on an unprecedented scale!
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