Donald Trump is an unhinged con man who regularly fans the flames of racism, sexism and xenophobia. Yet disturbingly, he has become the presumptive Republican nominee for president of the United States. Part of what appears to be bolstering the support he does have is his supposed business success and his claim to be insulated from special interest pressure by “self-funding” his campaign. But these claims, like so many others, are egregiously misleading. Whether it’s the predatory scheme known as Trump University, or his recent slew of fundraising events catering to wealthy donors, it’s clearer with each passing day that much of Trump’s support is built on manipulation and outright deceit.
Trump’s claims about not being beholden to rich donors was understandably appealing to an electorate that’s tired of an out-of-balance political system that shuts out the voices of everyday Americans. Throughout the Republican primary, Trump repeatedly lambasted his opponents for being in the pockets of wealthy donors. When Sheldon Adelson was considering supporting Sen. Marco Rubio, for example, Trump tweeted that Adelson wanted to support Rubio so he could make him into “his perfect little puppet.” But Trump’s actions don’t live up to his rhetoric.
Trump has made raising money from wealthy interests a top priority in recent weeks. As noted in a recent Bloomberg report, last week in New York City a cabal of hedge fund managers and private equity executives held a joint fundraiser for Trump and the RNC, at a price of $50,000 per person, with the hosts paying $250,000 per couple. Trump also recently held a fundraiser at the former residence of the late Senator Barry Goldwater, with attendees shelling out thousands of dollars per seat. Apparently Trump and the donors he was wooing didn’t mind that Goldwater’s widow said the senator himself would be appalled by Trump’s candidacy.
According to the Wall Street Journal, Trump’s campaign is expressing support for a super PAC founded by billionaire hedge fund manager Robert Mercer. The super PAC - called Make America Number 1 - is reportedly soliciting contributions from a who’s who of conservative mega-donors, including casino magnate Sheldon Adelson, who has pledged to spend $100 million backing Trump.
Trump is also using this campaign to line the pockets of his own companies. A significant amount of the money that the Trump campaign has spent so far has gone to companies owned by Trump himself. In fact, according to Fortune magazine, an estimated 10 percent of total campaign expenditures thus far have gone to companies that bear his name. That doesn’t include expenditures billed to his estate, Mar-a-Lago, or his private plane, which has its own holding company.
What’s more, Trump has used deceitful, disingenuous and predatory business practices to further enrich himself at the expense of anyone and everyone else. Hundreds of former employees and contractors allege that they still haven’t been paid for work done for companies controlled by Trump, and literally thousands of lawsuits have been filed against him. One high profile example is a class-action suit regarding Trump University. Former employees of Trump University, an institution which never had accreditation, have testified in saying that they essentially “engaged in a methodical, Systematic Series of misrepresentations” designed to separate people from their money. This case is one of many that show Donald Trump for who he really is: a fraud who regularly exploits people for personal gain.
Donald Trump is a dangerous con man of epic proportions, taking money from - and profiting off of - the same special interests he has railed against. He is running on a business record rife with misconduct and malicious practices. The American people cannot afford to sit this one out - there is simply too much at stake. Trump must be taken down by the greatest political force ever known: “We the People.”