Donald Trump is using the Presidency to make himself richer. It’s not speculation anymore. Story after story of the Trump brand colliding with the government in ways that benefit Trump are released constantly.
Reuters has released a new report, again busting Trump for personally profiting from the government: Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump’s companies to run it, according to a Reuters review of public records. That arrangement could put Trump at risk of violating an obscure constitutional clause, some legal experts say.
The funds in the states of California, New York, Texas, Arizona, Montana, Michigan and Missouri have more than 5 million members, including state lawmakers in California, teachers in Texas, and police officers in New York, just to name a few. The fund also includes the California Public Employees’ Retirement System, the largest public pension fund in the nation.
Jed Shugerman, a law professor at Fordham University explains how Trump is in violation of the constitutions’ Emoluments Clause:
“If you take a step back and look at this transaction, it’s a payment chain from state pension funds to President Trump,” he said.
The report point out, “it could put Trump at risk of falling foul of a little-known constitutional rule prohibiting the flow of money from states to the pockets of a sitting president, five ethics and constitutional law experts interviewed by Reuters said.”
Here’s how Reuters broke down the payment chain:
Trump supporters will still fail to see the irony in their chants of “Lock her up!” directed at Hillary Clinton, but this Presidency, in only 3 months, is shaping up to easily be the most corrupt in our nation’s history.