Saturday, November 28, 2020

The Real Reason Trump Won't Concede: Money

If nothing else, Donald Trump is consistent: it's always about him and it's always about money - money he's scammed from the gullible.  A case in point is his "Election Defense Fund" from which not a single penny of an typical donation goes to finance the campaign's ongoing litigation,  Rather, 60% of every dollar donated goes to Trump's new political action committee and 40% goes to the Republican National Committee, not that one would know this given his non-stop appeals to his sheep like supporters for money to supposedly finance the campaign's ongoing litigation. Like all things Trump, it's a big lie and one can readily see his PAC migrating to Trump's own pockets. Once a con artist, always a con artist.  It's amazing how easily Trump's supporters allow themselves to be fleeced.  A piece in Salon looks at Trump's latest self-enrichment and self-empowerment scheme.  Here are excerpts:

Joe Biden has decisively won the presidency. There is no way for Trump to overturn the results of the election, and his campaign's post-election lawsuits have gotten dismissed left and right. 

That hasn't stopped him from launching an "Official Election Defense Fund" and bombarding his supporters with fundraising appeals to supposedly finance the campaign's ongoing litigation.

60 percent of a donation to Trump's "Official Election Defense Fund" goes to Save America, Trump's new leadership Political Action Committee that he set up less than a week after the election. The other 40 percent goes to the Republican National Committee. 

So if someone donates $500, Trump's PAC gets $300, the RNC gets the other $200, and not a cent actually goes to the election defense fund.

Donations only start going to that fund once Trump's PAC reaches the legal contribution limit of $5,000 – and the RNC gets $3,000. 

This means a supporter would have to donate over $8,000 before any money goes to the fund they think they're supporting.

Apparently enriching himself on the taxpayer dime for the past four years wasn't enough for Trump. Now he's lining his pockets by attacking our elections and undermining our democracy — and swindling his supporters every step of the way.

Is this just a final grift before Trump leaves office? Or is there more at stake?

Trump certainly wants to keep the money flowing, and a leadership PAC is an easy way to do it. Trump's PAC can be used to fund a lavish post-presidency lifestyle, as leadership PACs can use donors' funds for personal expenses, like personal travel and events at Trump properties, while campaign committees cannot.

But there's more at stake than just Trump's personal greed. Creating a PAC solidifies Trump's grip on the GOP, as he can distribute the funds to GOP candidates . . . . In the grand scheme of things, Trump's PAC also fuels the GOP's cynical strategy to maintain power. The GOP has a permanent stake in stoking a cold civil war. 

A deeply divided nation serves the party's biggest patrons, giving them unfettered access to the economy's gains while the bottom 90% of Americans fight each other for crumbs. That division will persist even with Trump out of the White House, thanks to his bonkers claim of a stolen election, and a base more riled up from racist appeals than ever.

We may have defeated Trump, but we haven't defeated Trumpism.

No comments: