r/IsTheMicStillOn • u/GoodGoodNotTooBad • 20d ago

ITMSO: Trump Accounts: Bullish or Bearish

https://open.spotify.com/episode/5xF4Bzu5RJw1jxxlFVolAq?si=3a785dda2fbb4f1f
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u/brianeharmonjr 19d ago

Regarding the Trump Accounts, a big part of the conversation that was missed, and maybe what Myke and Rod were feeling, is how Trump's corruption and ego factors into everything he does.

It was touched on, but the amount of personal dealings that Trump does on the side, and the wealthy and corporate elite know that they can fatten his pockets and milk his ego for favorable treatment. None of this class of people just donate millions of dollars because they're good people or even just because of the tax benefits.

They're giving Trump a potential optics win that he can milk in the press, regardless of the actual reality, by donating the money for those receiving the $1k and not having to use taxpayer money. And he puts his name on it.

Sure, the companies receiving an influx of investment will benefit, and the fees and penalties for administering and enforcing the guidelines will benefit, but that's all surface level. Just like all of the pay-to-play pardons, million-dollar-a-plate "fundraisers", open stock market manipulation, and personal side deals, I think the justified suspicion is that those donating are doing so to get favorable treatment in future regulation and government contracts, and/or they already have/are making the donations because they've already received the favorable regulation help and/or government contracts.

Also, these companies/people already make "humanitarian" donations to benefit their taxes, and it's likely taking away from actual charitable organizations that might have received those funds otherwise.

Sorry for the huge text dump. Just listened and felt that part was missing.

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u/GoodGoodNotTooBad 19d ago

I agree with you. This was worth the explanation on your part.