"Trump ran on a promise to lower costs on day one, but a year into his presidency, the real beneficiaries are his billionaire donors. Instead of making life more affordable for everyday Americans, Trump has used the presidency to enrich himself and his billionaire allies, while making the largest cuts to Medicaid and food assistance in history and leaving working families behind."
"Public money, political favors and government power are funneled to his friends and family businesses, while regulatory agencies and enforcement mechanisms are hollowed out or weaponized for profit. His oligarch allies, from big tech executives to big oil barons, are already seeing massive returns on their political investments. This is not democracy. It is a hostile corporate takeover and working people are being exploited."
A year into the presidency, billionaire donors are the primary beneficiaries while working families face higher costs and historic cuts to Medicaid and food assistance. The White House operates like a slush fund as public money, political favors, and government power are directed to friends and family businesses. Regulatory agencies and enforcement mechanisms are weakened or repurposed for profit. Fossil fuel and tech billionaires who funded the political effort receive massive subsidies, tax breaks, and deregulation-driven gains, while the president’s own fortune has surged via crypto and licensing deals, creating unprecedented corruption and influence-peddling risks.
Read at www.theguardian.com
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