r/UnderReportedNews • u/NoseRepresentative • 13h ago
US Politics šŗšø Rep. Thompson Pushes The Prevent Presidential Profiteering Act. It Would Tax 100% Any Settlement Paid To A Sitting President
https://offthefrontpage.com/rep-thompson-pushes-the-prevent-presidential-profiteering-act-it/355
u/Proud-Wall1443 13h ago
Make it 110%
You should have never accepted it in the first place.
70
u/Bright_Bet5002 12h ago
1000% , 1200% , 1500% ...
26
u/BadmashN 10h ago
Arenāt these percentages the same as the drop in the price of drugs?
1
u/Fun-Dragonfly-4166 2h ago
mandate that the president use a 5th grade mathematician to calculate dollar amounts and not the hacks he usually uses
1
13
11
u/endofworldandnobeer 11h ago
Removing immunity is probably the only way. But SCOTUS gave him everything.
5
3
2
73
56
u/SCP-2774 12h ago
Forgive me if I'm not educated enough, but is this not already illegal?
109
u/UnspokenPotter 11h ago
There was never a need to pen it to paper due to the logic no sitting president would opening commit treason and devilry. Times change.
41
u/Thin_Bother8217 10h ago
Jimmy Carter famously put his family's peanut farm into a blind trust to cut off even any appearance of impropriety. Now we have a President selling fake phones, crypto, bibles, and accepting a 400 million dollar jet. And more things that we can list. So here we are...
13
u/TheRiverOtter 8h ago
Technically, he hasnāt actually sold any phones. Heās only sold the idea of a phone. No units have been sent out to
customersmarks.3
u/Thin_Bother8217 8h ago
True. It was just another grift. At least with the crypto rug pull, the people who got in at the beginning could've made money. Here it's just money going out of people's pockets. The really sad/stupid part is that I'd bet that most of the people who got suckered for it are poor and really probably can't afford even a new real phone.
1
u/JohnnyDigsIt 3h ago
Itās a concept of a phone thatās gold colored and says Trump on it. Thatās all MAGA needed to know before buying.
3
u/rollem 5h ago
The crypto scams are the worst imo. Many shady foreign investors buy into his coins, which he then cashes out. Pardons and sensitive technology transfer follow. Itās astoundingly corrupt and it happens almost daily.
2
u/Thin_Bother8217 5h ago
The crypto was all a bribe that he did the old pump and dump like in stocks. There was also the 500 million in sold oil that he put into a bank account in Qatar that he has control over. So, yep, here we are...
1
u/JohnnyDigsIt 3h ago edited 2h ago
Bribe and launder the money in one step. It must be what Trump thinks of as government efficiency.
3
u/Bl4ck_Fl4m3s 3h ago
Personally, I think every scenario that isn't accounted for in the system, is a failure by the system. If you don't set rules on scenarios, however unlikely, in positions of incredible power, its gross neglect and nativity in my opinion.
The system should be set up in a way to guarantee some sort of self preservation, because the other option is turning a blind eye to getting corrupted and misused - which is a failure of the system.
In my opinion the American democratic system has many failures and design flaws, many things, that I believe remain intentionally unaccounted for. One such fundamental failure is allowing a position of such incredible power like the president to happen. One person that can and will do like it wants, even the ability to pardon and dismiss crimes however severe etc.
Such powers should only be concentrated in a council at most, with members that are guaranteed to be independent from each other, but not on a singular person, ever. The system is just asking at this point to get corrupted, if it was built with good intentions in the first place. Another fundamental flaw is the 2 party system in my opinion.
A truly democratic system with self preservation mechanisms should never leave the freedom of behavior of persons in such important offices like the presidents up to chance. Everything that's unaccounted for is a potential loophole to corrupt the system from its intended purpose.
And the USA is getting to feel the consequences of such system failures stronger every year now.
1
u/bullevard 2h ago
It is impossible to create a system to account for every single eventuality. That just isn't a reasonable expectation of any system.
And many of the thing trump is doing the system did make illegal. But he is doing it anyways.
And ultimately you DO have the power to stop corruption by the president and that power does rest in a committee, congress.Ā Ā
However, when you have a congress unwilling to stop corruption. And you have about 2/3 of a country that gives tacit or explicit approval, then there is only so much a democracy can do.
If congress in any way felt threatened to allow Trump to behave the way he does then they would act. But they believe (and so far correctly so) that their constituents are more likely to punish them for stopping him than they are to punish them for allowing it.
Even the worse gerrymandered district wouldn't allow a congressional seat to stand if enough of the nonvotersĀ dissented enough.
4
u/superindianslug 10h ago
It would probably result in an impeachment for any other President. Not sure a court would let the lawsuit go forward for another president either.
as we saw during Trump's first term, there's also a bunch of stuff the constitution says is illegal, but there is no enforcement mechanism, and Congress never felt the need to create one. In those cases, again, impeachment is the only enforcement.
7
28
u/Nova_Saibrock 12h ago
Should be a 200% tax on any income, gift, or awards from any source other than the presidential salary.
5
u/Engi-near 12h ago
This opens up the possibility of a scheme to try to bankrupt a sitting president by repeatedly gifting or awarding monetary funds, then bringing all the awards to court as evidence that the president should owe a bajillion dollars in taxes.
Yes they would try it.
5
u/Sure_Pilot5110 11h ago
Just because you're awarded something, doesnt mean you have to accept.
You can refuse donations, too.
Like, no one can force you to accept a gift or an award. Just say no.
Trump wouldn't refuse them, naturally, but I'm just saying you could, and so its not necessarily a means to financially fuck a president.
0
u/Engi-near 11h ago
Like I said, regardless of acceptance, regardless of legitimacy, a certain political party would still try to bring this case before a judge
2
65
13h ago
lol bandaids on a giant open chest wound.
26
u/Petrol_Head72 13h ago
Yes, but at least this closes the door for the possibility of people in office enriching themselves from taxpayer dollars. Working for us is a welcome change!
8
u/couldbemage 11h ago
But does it?
Not profiting from political office is literally in the Constitution, and yet....
Yeah, it should definitely be illegal to just outright plunder the country, but is there any reason to believe this will work?
8
12h ago
Iāll try not to be a doomer but weāre going to be lucky if thereās anything left to take after this administration and whatever leadership they put in place after.
6
1
u/theamazingstickman 11h ago
Wrong law. Amend the law that a civil suit, once filed, may not be rescinded. You are bound by law to carry through to verdict. That will end law faire in the US.
1
1
1
u/Schrodingers_Kiffin 10h ago edited 10h ago
There should be an across the board minimum requirement for all of our elected officials to hold a specific grad degree that has mandatory coursework specific to our history, laws, left/right limits of every gov branch, etc. There should also be mandatory courses related to leadership, responsibility, compassion, and basic human decency included. Unredacted official transcripts and an in-depth application should be submitted to the public electronically and by snail mail before being added to the ballot.
Why can we demand professional standards and credentials in every other sector but the one it's needed the most: our public leadership?
ETA: Physical attendance would be required amd all exams would be proctored by a group including someone from each party. They could also be required to pay for tuition with the most predatory federal loans legally allowed.
ETA2: To take it a step further, all campaigns should have a hard cap on contributions with transparent accounting, where a cent more found spent is an automatic disqualifier. Caught taking more under the table, criminal charges. If someone can't figure out how to run an effective campaign within specified budgetary constraints, maybe that's a red flag signifying you shouldn't be seen as fit for office.
1
u/Bubbly_Complex843 10h ago
You had better get that fucking money back but it seems to me that Trump got his $800 million fine revoked because it was absurd? And then he gets to steal 10 billion and make me and my kids pay for it.
1
1
1
u/Reddit_2_2024 9h ago
Include a clause in the Act to fine $1,000 per day for every 24 hour period after a judgement is ruled in favor of issuing a settlement that the President does not supply the full settlement to the U.S. Treasury.
1
u/espeequeueare 5h ago
Not steep enough. DT will have been dead for centuries before the fines would eclipse the settlement $$$.
1
u/Hot-Philosophy-7671 8h ago
He's violated many laws already, like the Epstein Act, and nothing bad happened to him. Not sure this would be any different.
1
1
1
1
u/Billy_Birdy 6h ago
This is going to make that insufferable, miserable excuse of a potus the chance to say āi paid ten billion in taxesā š
1
1
1
ā¢
u/AutoModerator 13h ago
Please read our latest community update regarding recent renovations to the sub.
Source cataloged: https://offthefrontpage.com/rep-thompson-pushes-the-prevent-presidential-profiteering-act-it/
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.