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And he is making millions off the new swamp he created.https://www.cheatsheet.com/money-career/trump-profiting-presidency.html/?a=viewallTrump claims to control more than 500 businesses in dozens of countries around the world.First of all, we have to touch on the Trump Organization. It’s huge and has properties and business interests all over the world. The company is private, so we don’t have a clear picture of exactly how big and valuable it is. But we do know that Trump promised to divest himself — or to walk away — from his business while in office. The main reason, of course, is to avoid conflicts of interest. For example, Trump wouldn’t want to conduct a military operation in a city in which he owns valuable property. There is an innumerable number of potential scenarios, but this is an obvious one given that Trump owns property in somewhat unstable countries.The problem, though, is that he hasn’t divested. And he’s still making money.Next: How is he profiting from the presidency?Making money in officePresident Donald Trump takes frequent trips to Mar-a-Lago. | Gerardo Mora/Getty ImagesTrump’s businesses are benefiting from his family being in power — including his resorts like Mar-a-Lago and his D.C. hotel.Trump is using his position as president to promote his own business interests, which is the key issue here, and the problem that the framers intended to avoid. Examples include his numerous trips to his own resorts and properties (like those in New Jersey and Florida) while charging Secret Service and transportation costs to the taxpayers. He also continues to sell merchandise. Foreign dignitaries are herded to Trump’s D.C. hotel. And Trump wine is even being promoted from and by the White House. Even Ivanka Trump’s merchandise has been unethically promoted by the administration.
And he is making millions off the new swamp he created.
https://www.cheatsheet.com/money-career/trump-profiting-presidency.html/?a=viewall
First of all, we have to touch on the Trump Organization. It’s huge and has properties and business interests all over the world. The company is private, so we don’t have a clear picture of exactly how big and valuable it is. But we do know that Trump promised to divest himself — or to walk away — from his business while in office. The main reason, of course, is to avoid conflicts of interest. For example, Trump wouldn’t want to conduct a military operation in a city in which he owns valuable property. There is an innumerable number of potential scenarios, but this is an obvious one given that Trump owns property in somewhat unstable countries.
The problem, though, is that he hasn’t divested. And he’s still making money.
Next: How is he profiting from the presidency?
Making money in office
President Donald Trump takes frequent trips to Mar-a-Lago. | Gerardo Mora/Getty Images
Trump is using his position as president to promote his own business interests, which is the key issue here, and the problem that the framers intended to avoid. Examples include his numerous trips to his own resorts and properties (like those in New Jersey and Florida) while charging Secret Service and transportation costs to the taxpayers. He also continues to sell merchandise. Foreign dignitaries are herded to Trump’s D.C. hotel. And Trump wine is even being promoted from and by the White House. Even Ivanka Trump’s merchandise has been unethically promoted by the administration.
