Donald Trump announced today that he has taken a 10 percent equity stake in Intel Corp, allegedly on behalf of the US Government.
With a convicted felon and ethically challenged businessman at the head of he government, one can never be sure about the details of such a transaction.
As just one example of his money-making scheme under the banner of the Presidency, taxpayers are currently paying for his Qatari Jumbo Jet upgrade, estimated at between $400 million and a billion dollars, which will revert to his personal use through his donation-rich library after he leaves office.
Of course, the first “lady,” Melania, raked in $40 million to license her documentary about returning to the White House, adding to the $10 million Trump received from Musk’s X, arguably as a donation, and the “meme coin” venture bringing in additional millions to him and his family.
But for laughs, let’s assume that the Intel deal, ostensibly supported by Congressional Republicans, is a US government venture.
If so, it contributes to the MAGA-Republican Marxist-Maoist strategy of utilizing government resources to seize control of private enterprises’ corporate boards, take over strategic decision-making, and thereby implement government-controlled investment policies.
Say Goodbye, Adam Smith, Friedrich Hayek, Ayn Rand, Milton Friedman, and millions of others living under the illusion of Constitution-based Capitalism, especially those billionaires thinking that Trump’s venture is on their side of the Capitalist equation.