How our billionaires are responding.
www.thebulwark.com
The New Age of Trump: Protection Money and FU You Money
"...This week we got word that two of the world’s most consequential billionaires have decided to pay tribute—literally—to Donald Trump. Jeff Bezos and Mark Zuckerberg are each
gifting $1 million to Trump’s “inauguration committee.”
A president’s “inauguration committee” or “inauguration fund” is a slush fund, pure and simple. In theory, it is used to cover expenses relating to the inaugural celebrations. In practice, it’s dark money. The inaugural fund is required to disclose who gives money to it, but is not required to disclose what the money is spent on. And in cases where there is a surplus—where it raises more money than it spends on the inauguration festivities—it is not required to refund or dispose of the money in any particular way.
In other words: It’s pure tribute. ... It has always been thus.
Trump didn’t invent the corruption of the inauguration fund. But he is an innovator and his genius was to turn the inauguration scheme from ritualized tribute from supporters into a protection racket aimed at opponents, too.
... Zuckerberg and Bezos responded to Trump’s threats to themselves and their businesses by
literally journeying to Mar-a-Lago and figuratively handing Trump envelopes of cash while publicly praising the incoming president.
...That is the point. Trump has reached the position—elected by a plurality of his fellow citizens, immunized from all criminal activity by the Supreme Court—where he
wants the protection racket to be out in the open. He
wants everyone to see it.
Because these are the new rules and he wants to be sure that everyone whose life could be touched by his government—meaning: everyone—understands this reality.
And that, so long as they pay, they’ll be fine. ..."
How our billionaires are responding.
www.thebulwark.com