the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
May 12, 2025
If anyone had any doubts before his re-election about whether Donald Trump was more concerned about billionaires and corporations, his actions during the first 100 days of his second term should make it clear. According to a report by Public Citizen, Trump’s administration has halted or dismissed 90 investigations into lawbreaking corporations.
The chief beneficiaries of the ending of these investigations, of course, are companies owned by Trump’s close buddy, Elon Musk, which were involved in 32 of those investigations. The Office of Federal Contract Compliance Programs (OFCCP) was auditing Tesla, which had been accused of creating a hostile work environment, widespread racial bias, and sexual harassment. Trump’s answer? He signed an executive order eliminating the OFCCP.
The U.S. Department of Agriculture was investigating Musk-owned Neuralink, which is developing computer technology to interface with the human brain. Employees complained Musk pushed them to move too quickly, which led to unnecessary deaths and compromised the research. Trump’s response? He fired the USDA’s inspector general along with those of 16 other federal agencies.
The Department of Transportation investigated Tesla over crashes involving its self-driving vehicles, which were involved in more crashes per driver than any other vehicle on the road. Trump has responded by loosening regulations on self-driving cars.
Trump doesn’t just look to enrich other billionaires, however. He’s making sure he and his family are being taken good care of as well. Just look at his involvement with cryptocurrencies. Trump once called cryptocurrency a scam, but during his last campaign, some of the richest bitcoin holders held a fundraiser and raised 25 million dollars for his campaign. Not surprisingly, in March Trump announced the creation of a “strategic bitcoin reserve” and digital asset stockpile to back the U.S. dollar.
In the meantime, Trump and his family have created their own digital assets. Trump has his own meme coin, known as $TRUMP. His wife Melania now has one of her own. Recently, the $TRUMP website and X account have posted an offer for “an intimate private dinner” with the president to the top 220 investors. Trump-affiliated companies are said to have made at least 300 million dollars since the creation of his meme coin and the coin’s value is believed to have increased by 80% since the offer of dinner with the president.
Now, a company backed by the Abu Dhabi government has agreed to use a digital coin created by World Liberty Financial, which is owned by members of Trump’s family to make a two-billion-dollar investment in a cryptocurrency exchange.
Anything smack of corruption here?!? Supposedly both Democrat and Republican members of Congress are working with Trump on bills regulating cryptocurrencies, but shockingly, they have not yet come to an agreement.
There are plenty of politicians from both parties that have enriched themselves through their involvement in U.S. politics. It just appears Trump is taking it to a new level and bragging about it.