Biden Family Grift vs. Trump Family Grift: Let's Do the Numbers
Most people recognize that Donald Trump and his kids are stealing from us with both hands every day. But they are not as outraged as they should be because most have the view that everyone does it. While I will never defend the Democrats as paragons of honesty (what the hell are those crypto contributions?), they are not in the same ballpark as Trump and his crew.
Part of the confusion stems from the media’s refusal to ever put big numbers in context. They all know that the vast majority of their audience is not clear on the distinction between millions, billions, and trillions, and have no idea how large the federal budget is, but they refuse to take the ten seconds and ten words that would be needed to give readers a clearer sense of what is at stake.
The other source of confusion is that the Republicans spent four years endlessly hyping the “Biden crime family.” They used Congressional hearings, as well as thousands of appearances on TV news, shows to yell (often literally) about Biden family corruption.
And it’s clear it was not zero. Hunter Biden, while struggling with drug addiction, openly traded on his family name to land a well-paying perch with a Ukrainian energy company. He also managed to sell his artwork, which is not obviously of great value, for $50K a painting.
Joe’s younger brother James also seems to have traded on the family name, but the sums involved appear to be in the hundreds of thousands of dollars, and mostly during the years 2017-2019, when Joe Biden was not even in public office.
It is a bad practice for family members to profit from their ties to a vice-president or president, but there is zero evidence that Joe Biden ever did anything to directly benefit his son or brothers in their business dealings. We can be pretty certain of this fact because Republicans in Congress and the White House, both in Trump’s first term and his current term, have left no stone unturned in trying to show Biden’s corruption. (Trump’s first impeachment was over his effort to extort Ukraine’s president to lie about Biden’s corruption.)
While it is difficult to get clear numbers on the extent of the corruption of Trump and his family in his current term, since they disclose as little as possible, and no one can accept what they do disclose at face value, we can try to put some numbers on it. At the very least, it should be totally clear that Trump’s corruption, by any measure, is in a totally different universe from even the worst imaginable story that can be told about Joe Biden and his family.
The list below is far from exhaustive. We will probably not know all the ways that Trump put money into his and his family’s pockets until long after his presidency, and maybe not even then. But this should be a good start.
Venezuela’s Oil: $13 billion
Trump has repeatedly said that “we” got $13 billion from selling Venezuela’s oil. This is after he kidnapped Venezuela’s president Nicholas Maduro, and put his vice-president Delcy Rodríguez in charge of the country. According to Trump, she is taking her orders from Secretary of State Marco Rubio.
Any money that the US gets from selling Venezuela’s oil is essentially stolen from Venezuela. It is their oil. But to make matters worse, there is literally zero accounting of this money. Under the law, any money obtained from Venezuela should go to the US Treasury. Any spending from this money should be approved by Congress.
Instead, Trump has sent the money to an account in Qatar, and it is unclear what is happening with it. Until it can be shown otherwise, it is reasonable to assume that Trump has personally pocketed it. If that is not the case, Trump should be able to document what has happened to this money any day of the week. Until he does show what happened to the money, we might as well assume it went into Donald Trump’s pockets.
Trump Family Crypto: $1.4 billion
Trump created his own crypto coin, $Trump, which people could buy as a way of currying favor with him. Melania Trump also made a crypto coin, $MELANIA. Trump’s crypto company, World Liberty Financial, has also put out a crypto coin. In addition to making money from selling the coins directly, Trump also profits from transactions in the coins, since they pay him a fee.
Trump’s “Gift” Plane from Qatar: $1.1 billion
A gift to the president while they are in office is a gift to the United States government. Nonetheless, Trump plans to take the plane that Qatar gave him back to Mar-a-Lago when he leaves office in less than two and a half years. The plane itself was worth $400 million. In addition, the Pentagon is spending between $400 million and $1 billion to install protective equipment which was already in place for the two existing versions of Air Force 1. I have included the middle figure of $700 million.
Trump Truth Social Insider Trading Sales: $1.2 billion
Donald Trump recently announced that he will sell a special subscription service where, for $100,000 a month, investors could get advance notice of Truth Social posts that are likely to move markets. We don’t know how many investors will ultimately pay for the opportunity to trade on inside information.........
