• OhVenus_Baby@lemmy.ml
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      5 days ago

      The goal is to not let them take their fucking money and run. Because then it would be real… So you come up with a new idea, a better idea, a NEW STOCK.

      IYKYK 😂

  • toiletobserver@lemmy.world
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    6 days ago

    Profiteering is the wrong word.

    Instead, crony capitalism, abuse of power, or something else is more appropriate

    • Cyberwolf@feddit.org
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      5 days ago

      Instead, crony capitalism, abuse of power, or something else is more appropriate

      So, standard capitalism stuff?

      • toiletobserver@lemmy.world
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        5 days ago

        Using their position of political power to advertise a business which directly benefits them. It is plainly not part of the duties of the office. Same reason good presidents put their financial affairs in a blind trust for the duration of of their term.

      • rmuk@feddit.uk
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        5 days ago

        For giggles, I’d like you to explain how the President of the United States launching his old overpriced phone on his own overpriced network with every possible element named, adorned and even priced after himself could be considered anything other than abusing their power?

        • untakenusername@sh.itjust.works
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          5 days ago

          he’s just selling something that his followers will buy. no one else really cares to.

          your logic could be even more effectively applied to him selling merchandise about him and that isn’t an overreach of power in any way

  • melsaskca@lemmy.ca
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    5 days ago

    I think that Trump feels that this will finally impress Ivana enough.

  • untakenusername@sh.itjust.works
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    5 days ago

    this is just them making money off people who will willingly give them money

    its not some blatant overreach of power, at worst their using their fame as advertising for it

    • Ulrich@feddit.org
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      5 days ago

      They’re using the office of President to advertise products for personal gain. Not just any products but overpriced Chinese garbage. They’re also lying about them being made in the US, which is illegal.

      • untakenusername@sh.itjust.works
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        5 days ago

        I’ve got a really good feeling that if sanders were president, and he was selling merchandise, using his position as POTUS to advertise for it, and said it was made in the us while its raw materials were made elsewhere, you’d be fine with that

        I’m no fan of trump, but this isn’t an overreach of power nearly as bad as you say it is. its not the job of there potus, but its also not harmful

    • Bytemeister@lemmy.world
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      4 days ago

      Let’s put it this way.

      Pretend I’m some semi-adversarial nation, like Saudi Arabia. I want trump to let off some sanctions, or tariffs, or in general give me preferential treatment compared to other nations. I want to give trump a big sum of money to do this, just writing him a check would be obvious corruption. So instead, I just book whole floors of his hotels during off-peak hours, and at a premium pricing. I don’t even bother having anyone stay in the rooms, so trump can even book those rooms again for additional money. I just “legitimately” sent trump a bunch of money, and now he is paying it forward by stopping investigations into my goons sawing journalists into tiny pieces.

      If this sounds to far-fetched for you, keep in mind that it literally happened.

      https://apnews.com/article/travel-business-saudi-arabia-malaysia-15835346f75bc5f152a58842eb7c8609

      This phone company trump has made really only exists as a bit of paper and some software. It has no infrastructure, no brick and mortar store fronts, nor any assets. It’s mostly an agreement with a large carriers to lease time on their networks, charged per usage amount. For this scenario, let’s pretend I’m Vladimir Putin trying to pay trump for leaving Ukraine high and dry. I simply put in orders for Trump’s phone service, and then never even use the phones. Hell, a physical phone is probably never sent. On paper, it looks like 100,000 people signed up for the service, but they never use any of the lines, so trump collects nearly 100% of the money, with just a little bit lost to keep a small server up to handle transactions and accounts.

      If none of this makes sense to you as an obvious vector for trump to receive money from foreign agents, then I’d guess that you’re the kind of person who thinks that the mob ran legitimate protection services.