The Donald Trump Presidential Library Fund Inc., a nonprofit linked to the planned Trump library, has become inactive, raising concerns about the handling of its finances. Established in December after a substantial donation, the fund failed to file required reports and was labeled inactive by the Florida Division of Corporations in late September. This occurred shortly before a vote to allocate prime Miami real estate for the library’s construction. A new nonprofit, The Donald Trump Presidential Library Foundation, Inc., with a similar name, was subsequently established and named as the recipient of the land, though a recent court decision temporarily halted the land transfer due to alleged violations of public disclosure laws.
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A recent analysis estimates that Donald Trump’s family businesses have generated a staggering $3.4 billion through ventures like crypto, real estate, and licensing agreements. This figure is based on estimations due to a lack of financial transparency from the Trump Organization and its subsidiaries, which are largely managed by the president’s adult children. Profits were generated through various avenues, including cryptocurrency, financial investments, and the Mar-a-Lago resort. The president’s actions, such as using his properties for official events, have further fueled these profits, while simultaneously allowing him to bypass disclosure and ethics laws.
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Despite claiming $160 billion in savings, the Department of Government Efficiency (DOGE) has incurred significant costs. A nonpartisan analysis estimates $135 billion in taxpayer expenses this fiscal year due to employee leave, rehires, and productivity losses stemming from DOGE’s actions. These costs, which exclude legal fees and lost tax revenue, are projected to increase. While DOGE anticipates long-term savings, critics argue the short-term costs outweigh any potential benefits, particularly considering the substantial economic ripple effects of reduced funding in key sectors.
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Representative Alexandria Ocasio-Cortez publicly clarified her net worth, stating it is less than $500,000 and solely derived from her congressional salary; she neither owns a home nor trades stocks. This revelation prompted mixed reactions on X, ranging from disbelief and criticism to grudging respect, particularly from those who disagree with her politics but acknowledge her financial transparency. Her financial disclosures, which show minimal assets and existing student loan debt, contrast sharply with online misinformation exaggerating her wealth. The varied responses highlight the intense polarization of current political discourse.
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I find it absolutely fascinating that Governor Tim Walz doesn’t own a single stock. This man, who has dedicated his life to public service, seems to have no interest in the financial world beyond what is necessary for his basic needs. His financial holdings include a metal coffee can full of screws, $35 in Kohl’s Cash, and a jug of used motor oil. It’s almost comical to think that a man in his position has such simple and modest investments.
What sets Walz apart from many other politicians is his lack of investments in stocks, bonds, mutual funds, or even real estate.… Continue reading
John Q. Hosedrinker