•••
We’ve heard stories about the president’s profit from his position since taking office over and over again, but I appreciate getting the big picture in the Washington Post story printed in the Nov. 23 Star Tribune (“How billionaires took over American politics”). In violation of our Constitution’s prohibition, the Trump family has been amassing wealth as it liquidates public assets, solicits favors from corporations and foreign powers and slashes regulations that could limit its financial schemes.
Trump’s wealth has increased by an estimated $3 billion since returning to office this year. His policies are chiefly driven by self-dealing. His cryptocurrency ventures facilitate foreign powers buying favors. He has proposed acquiring Greenland, Canada and the Gaza Strip with an eye toward personal empire-building. He punishes those who spurn his favors with tariffs or cancellation of programs (or even threats of invasion). He curries favor with con men and murderers in happy mutual back-scratching parties.
Most recently, Trump welcomed Saudi Crown Prince Mohammed bin Salman with a lavish White House reception, dismissing the clandestine murder of journalist Jamal Khashoggi with the casual statement “things happen.” The crown prince took the opportunity to announce plans to invest a trillion dollars in the U.S. under Trump’s leadership. Saudi Arabia has already invested millions of dollars in the Trump Organization.
Ellen Lowery, St. Paul
•••
“How billionaires took over American politics” — indeed! New York City billionaire John Catsimatidis typifies the oligarchical plutocrats in this country. His statement on why he supports the Trumpian right is telling: “Catsimatidis said he feels a growing urgency to try to influence the course of American politics, given the wide divergence between the two parties.