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[Donald Trump] announced that his administration would no longer be enforcing the law for U.S. shell companies—and that no one would need to worry about prosecution for breaking the law. A few months later, Trump’s Treasury Department announced that it was destroying all of the filings the registry had compiled thus far, torching the database entirely.
This sounds like a cover-up to me.
For all billionaires, not just Trump.
Lol it's a gift for the US billionaires club.
All of the above
In what god forsaken way is this a sensible thing to do?
Well you see, now they themselves can spin up shell companies legally without having to be on the hook personally when said company does reprehensible shit.
Plus there's demand for Congress to stop making money on insider knowledge. This allows them to hide that so much better.
Public servant was too nice for people to actually understand
These should be our slaves and must be beaten
It makes perfect sense if the president is a money launderer.
Helps anonymize all bribes too. Like the ones that control all of our politicians. As if our republic wasnt already on fire, this pours more gasoline all over it and sticks knives in everyones back. Happy end of the republic day everyone.
Congress doing all it can to make itself a free market.
There was recently a report from NPR about kushner and his dealings in albania.
She compares her investigation to opening a set of Russian matryoshka dolls, one after another. She's discovered several of the shell companies share the same address in Amsterdam and that each of them is worth a single euro.
They lead to the smallest matryoshka doll, a company named Interroyal BV, established with 18,000 euros in 2004 by a Russian citizen named Nikita Maximovich Vinogradov and a Bulgarian citizen named Zoya Georgieva Gyurova. Cela says each controls 25% of the company, but she says she hasn't been able to track either individual down. Neither has a public profile, but, on paper at least, she says the mysterious pair owns hundreds of millions of dollars' worth of Albanian property
https://www.npr.org/2026/06/16/g-s1-128162/albania-resort-protests-kushner-trump
They're not sensible. They're Republicans.
This is just extending the rights the CIA has to private businesses so it's more just leveling the playing field and allowing global Capital to directly do ops instead of needing to use government apparatus to do so.
Well you see, it benefits the ultra rich and corrupt politicians while causing more harm to the poor and middle class. What is more sensible than that?
Huh, right after they limited the number of houses a corporation can own, they make it legal for a corporation to hide how many houses they own.
bingo
This so obviously xenophobic propaganda. As if we don't have our own homegrown shitheels who will abuse this FAR AND AWAY more than the foreigners. This is direct gift to the AMERICAN oligarchs specifically. That is no better for you, the peasant, but it is not foreigners coming here to ruin shit. We are perfectly capable and willing to do it to ourselves it seems.
xenophobic propaganda
It has nothing to do with xenophobia. You're right, obviously this will benefit all billionaires, especially those under U.S. jurisdiction. But, the reason for calling out Mexican cartels and Russian oligarchs is to never imply that U.S. billionaires are Bad People. It's the same reason they're the only ones who are ever mentioned in this context, to misdirect public ire.
You said it right there, "US" billionaires are good foreign billionaires or other shitbags are bad.
This so obviously xenophobic propaganda.
So you're telling me that messaging can affect people. Interesting, I thought people could just opt out by wanting to real hard! /s
And American mobsters. Of which trump is one.
This is fraud and corruption.
This is the part where the senate and congress make themselves completely obsolete by continuing to legalize corruption. Where have I seen this before?
Star wars?
I was thinking of Rome but your answer isn’t wrong
Yep, the illusion of this being a legitimate government is laughable and everyone knows it. Might as well make a new governmental system based on Constitutional rights that's adapted to modern issues in the current system
We definitely need a constitutional convention at the very least
Biggest American cartel hard at work.
You know what...okay. I'd love to have a shell company. Who wants to start scamming magrats? I only need like 12 people to make sure we get liability protections.
Count me in
LOL, Russia oligarchs.
Who do you think bought Donvict and the Repedolicans?
Rich people anywhere. They already have assets five layers deep in shell companies to hide taxes and basically launder money. This just removes yet more ability to engage in oversight.
Time for everyone to setup a shell company since companies have more value than humans
Not to worry, I'm sure this will be all over the news.
Yep.
Aaaaannny minute now, the billionaire-owned news corps will . . . . will talk about this in depth.
Mmm hmm.
J.J. Cafaro approves
Mf looks like he says 'nyah' unironically.
And, of course, tax evaders.
It's not a gift to them, that's an unintended consequence. It's for Trump and all his corrupt pedophile friends.
Not Congress, MAGAs. There better not be a single Democrat that votes for this.
Incoming "Fetterman was the deciding vote"
He's not a dem after his brain damage.
I still don't get why the Dems don't just expell his ass from the party, I feel like that's happened before with blatantly shit folks before. Or maybe I'm thinking of Teddy Roosevelts purge of equivalents in the Republicans back in the day.
Extreme Privacy book author must be celebrating