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by shadowgovt
2357 days ago
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Nepotism isn't about only salary, it's also about power and prestige. Because for a billionaire family(1), that's what matters past the dollars and cents. Ivanka Trump can afford to forego her salary, but no amount of money can buy the résumé entry "Former Senior Advisor to the President" and that past will open doors for her the rest of her life. (1) It's also possible that the Trump family isn't actually as wealthy as they claim to be on paper, in which case being in a position to actually directly influence executive regulatory policy can have significant direct financial impact on their enterprises that they have no opportunity to exploit otherwise. For example, they could have a hand in implementing tax programs while owning significant financial interest in companies regulated by those tax programs (https://www.citizensforethics.org/press-release/crew-files-c...). |
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The president needs people he can trust. If that means hiring family, I'm fine with that. Other politicians seem to have their kids work for Ukrainian gas companies, which is a lot more disturbing.
Wealth involving real estate is difficult to estimate, but typical estimates are several billion. For example, a drop from 4 billion before the presidency to about 3 billion now is one estimate. This is notably the opposite direction from a typical politician. Increases in wealth are far more suggestive of corruption.