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Trump’s Multibillion-Dollar Grift | Socialist Alternative

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July 9, 2026
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Trump’s Multibillion-Dollar Grift | Socialist Alternative
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Donald Trump has turned the presidency into a private goldmine. Since re-entering the White Home, his wealth has practically tripled, growing by about $4 billion! The fraud that outlined his first administration has been ratcheted up, all whereas he lays off federal staff and guts social providers underneath the phony guise of eliminating governmental fraud, waste, and abuse. 

The true “handouts” and “entitlements” within the US are the kickbacks, under-the-table offers, and insider trades that profit Trump’s pals, household, and political allies, all on the expense of the working class.

Whereas most of us fear about grocery payments, scholar loans, and hire, this legal and his pals are getting wealthy off of working-class individuals and placing lives in danger, with zero penalties. It’s some extent that Trump brazenly brags about—when requested by New York Occasions reporters about his conflicts of curiosity, he answered, smugly, “I came upon that no one cared.” 

And whereas mainstream media would possibly paint Trump as a singularly grasping and immoral particular person (which he’s!), the issue can’t be boiled down to at least one crooked president. Doing so units up the false premise that merely voting Trump out of workplace is sufficient to finish the grift. 

International capitalism is in extreme disaster, and the individuals on the prime are looting the on line casino because it burns to the bottom. The one repair is for the working class to take management of the system and substitute it with one constructed on individuals’s wants, not bare profiteering. 

Trump’s White Home Is Up For Sale

You may fill an anthology with proof of Trump’s corruption.

Earlier this 12 months, stories revealed that in August 2025, nursing residence executives donated $4.8 million to MAGA, Inc., a Tremendous PAC with shut ties to the administration. That cash purchased entry to Trump’s golf membership in DC, the place they may immediately foyer the president to get rid of a Biden-era regulation that mandates secure staffing ranges at nursing properties. In December, Trump’s Division of Well being and Human Providers utterly repealed the rule. For a small value, executives have been in a position to kill a coverage that aimed to scale back neglect amongst nursing residence residents, placing the well being and security of seniors and healthcare staff immediately in danger.

It doesn’t finish there. Companies that financially backed President Trump’s ballroom venture have been awarded federal contracts value a complete of $50 billion. Final summer season, ICE awarded a $30 million contract to the expertise firm Palantir—weeks later, it was revealed that White Home deputy chief of employees Stephen Miller holds $250,000 in Palantir inventory. 

In early 2026, stories emerged that an funding automobile backed by a prime United Arab Emirates authorities official bought a big stake within the Trump household’s crypto firm, World Liberty Monetary, with a reported $187 million in funds going on to Trump-backed entities. In all, he raked in $1.4 billion from his cryptocurrency companies final 12 months.

There’s additionally mounting proof that Trump is utilizing his affect over international political occasions to steer money towards pals, households, and allies. In April, the BBC revealed an analysis of inventory buying and selling exercise that confirmed market actions suspiciously timed earlier than and after main bulletins from Trump associated to the battle with Iran. Related “completely timed” massive bets by customers on Polymarket have anticipated Trump’s bulletins.

Corruption Is Rooted In Capitalism

Trump isn’t the primary president (from both get together) to profit financially from the workplace, however he’s gone the furthest. The rampant corruption displays extra than simply his private greed—it reveals the implications of the chaotic, crisis-ridden, reactionary period of capitalism by which we at present reside.

In search of a approach to save its failing system, the capitalist class turned to a bonapartist strongman in Trump to whip the working class into form, try and settle conflicts throughout the ruling class itself, and put together the nation for escalation in its inter-imperialist rivalry with China. However that call comes with just about unchecked energy for the bonaparte, and one as erratic and undisciplined as Trump is difficult to comprise. Trump’s latest proposal for a $1.8 billion fund to pay out allies, just like the January 6 rioters, was extremely unpopular amongst voters and went too far even for some Republican Get together leaders who had beforehand been prepared to toe the road. 

Whereas Trump is making out like a bandit, blatant corruption can provoke larger resistance in US society. Actually, anti-corruption has change into one of the crucial highly effective unifying calls for throughout international mass protest actions. In 2024, the deadly collapse of a railway station cover in Serbia sparked a nationwide motion that finally led to the resignation of the president final month. In Kenya, a proposed tax improve in 2024 led to years of huge protests towards the excessive value of dwelling and political corruption, elite privilege, and authorities waste. Related actions have occurred in Peru, Bangladesh, Mozambique, Albania, and the record goes on.

Anger over corruption generally is a spark that ignites wider rage over declining dwelling requirements, austerity, unemployment, deteriorating public providers, and extra. These actions have been massively inspiring, however they’ve largely didn’t basically shift circumstances for working individuals. That’s why the fightback can’t solely be about particular person politicians, regimes, or political events. To combat corruption, we have to strike on the root of the issue—the capitalist system itself, which prioritizes and rewards profiteering over the wants of on a regular basis working individuals.



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