Trump Continues to Make Millions From Anonymous Sources

When you elect a man president who refused to release his tax records and never adequately divested his financial interests, you’re asking for trouble. A year into the madness that is the Donald Trump administration, journalists are just starting to scratch the surface of the level of corruption that’s at stake.

The latest discovery pertaining to the Trump finances is a major red flag. The president’s business is still actively selling millions of dollars in real estate – $35 million last year – most of which is being purchased by anonymous buyers. In other words, there’s no oversight because we don’t even know who is paying out cash to the Trumps.

Trump properties are being gobbled up by LLCs, also known as shell companies, which have the advantage of masking the real buyers. In December, you may recall that the Republicans added in a special tax break for LLCs into their larger tax plan.

Forget the tax break for now, though – the real scandal is the unknown. Foreign entities now have an easy, practically untraceable way to slip money to the Trump family, a real recipe for corruption.

So far, it looks like wealthy parties trying to curry favor with the president are taking advantage of the situation. In the two years prior to Trump running for president, just four percent of his real estate deals were purchased with an LLC. In 2017, that number jumped to 70 percent.

How is this activity not illegal? Well, remember that it’s the wealthy that write the laws, so it shouldn’t be surprising that they’ve carved out loopholes to allow them to engage in this kind of behavior. It’s also possible that Trump is breaking some laws, we just don’t have enough information to know concretely.

Certainly, at the very least, it’s wildly unethical. That’s exactly why most other presidents in this position are careful to avoid even the appearance that this kind of corruption could happen. They fully divest from their investments to avoid giving the public a reason to distrust them. Meanwhile, Trump’s approach is essentially, “Just trust me ‘cause I said so.”

Before taking office, Trump promised to resign from his companies, acknowledging it posed conflicts of interest for him not to, but failed to do that in a complete manner.

Furthermore, the “blind trust” set up handing over power to Donald Jr. and Eric Trump isn’t really blind in that they are his sons and he is therefore not left out of the loop on business operations. Eric Trump even admitted that he would be giving his father updates, even though that breaks the entire notion of the arrangement being “blind.”

Oh, and in case you’re wondering, Trump still does have the ability to take out money from the businesses for his personal use.

Could real estate be a way that Russia is getting money to Trump? Sure, we already know they’re doing that in other ways. Reuters reported nearly $100 million in real estate investments from people with Russian passports – whether this money is tied to the Kremlin is up for debate.

If Trump wants the whole Russian collusion story to go away, he’s not behaving nearly transparently enough to give the American people confidence that he’s untainted. With financial arrangements like these, who can trust him? Well, aside from his base, who couldn’t possibly care less about this issue, unless, of course, Hillary Clinton had been the one involved in the scheme.

Photo credit: Thinkstock

49 comments

Glennis W
Glennis W4 months ago

The rich get richer and the poor get poorer . Thank you for caring and sharing

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Glennis W
Glennis W4 months ago

Just getting worse . Thank you for caring and sharing

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Glennis W
Glennis W4 months ago

It makes you wonder where will it all end . Thank you for caring and sharing

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Glennis W
Glennis W4 months ago

Very interesting article . Thank you for caring and sharing

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Julie D
Julie D4 months ago

The level of corruption in our government has never been as bad or as openly blatant as it is now. It is carried on in our faces with no apologies. Trump is given free license to make millions of dollars on every Mar a Lago trip, as well as many other business holdings and dirty deals, and the GOP is just as bad, openly admitting that if they did not get the tax scam passed they would no longer receive money from their donors, therefore it was mandatory that they get it passed. Many of them especially at the top levels are of many dirty and traitorous deals as well as and along with Trump. Showing all of us that they serve the wants of their donors, and business deals that will serve themselves and completely disregard the needs of their constituents or the best interests of our country.

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Katie & Bill D
Katie & Bill D5 months ago

The. End is coming. Soon
Investigation into many laundering for the whole family
Get them al
Thank you

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Peggy B
Peggy B5 months ago

TYFS

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Brian F
Brian F5 months ago

Trump is a crook and a liar who amassed his wealth through inheritance and by scamming contractors. By not releasing his taxes, he has shown that he needs to hide his corruption.

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Winn A
Winnie A5 months ago

Resist

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Winn A
Winnie A5 months ago

Impeach tRUMP

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