HE is doing one of the hardest jobs in the world, but claims he refuses to accept any payment from the government for his services.
Of course we are discussing US President Donald Trump.
Donating your presidential pay may be great for the ego of a very wealthy person, however politicians not getting paid was once a regular occurrence in various parts of the world.
Members of the UK House of Lords for example were traditionally selected due to their birth and were appointed by the King; as such they received no formal pay.
Just being present in these places of power however granted excellent opportunities to benefit economically from the political decision-making of the day.
In President Trump’s case, a recent ABC Four Corners episode suggested that he had increased his wealth by billions of US dollars since taking the presidency for the second time.
Cryptocurrency is said to be the basis of this increase in wealth and he even created his own coin called “$trump”.
Within four months of launching his own currency the token generated $US320 million in trading fees.
President Trump declares that it’s his businesses that have created this wealth, run by his sons and family, and not him as President.
This is a distinction that some would argue makes little difference.
Trump and his sons launched their crypto platform called World Liberty Financial along with Gaza deals negotiator Steve Witkoff and his family.
This platform allows people to invest through selling a token, with 75 percent of the profits from each sale going to the Trump family.
Interesting business indeed.
By John BLACKBOURN
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