”MAGA Inc.”
A new report by CorpWatch titled ”MAGA Inc.” reveals which allies of President Trump are profiting off of the administration’s policies. Pra
“Trump’s World of Crypto Czars, Tech Titans & Prison Profiteers.”
"So, these are schemes by which you can move money anonymously around the world, something that drug dealers, gun manufacturers or gun dealers and criminals love."
"... these are the people that we think are profiting the most out of MAGA, the business of deportation, the business of gathering data and analyzing, and also the crypto scams by which people’s money is being transferred anonymously and profit is being made by the Trump family themselves."
PRATAP CHATTERJEE: Yes. Well, the biggest profiteer out of this, the banking companies, are really Cantor Fitzgerald, run by the sons of Howard Lutnick, the U.S. secretary of commerce. And they have made literally a killing in providing money for the data centers and also for crypto companies like Tether and World Liberty Financial. These are the people that have made the most money out of it. Of course, companies like Amazon also provide the data, the cloud support for Innovation OS and Elite —
MAGA Inc. - CorpWatch's latest report - is a deep dive into the companies that have bankrolled and benefited the most from the 'Make America
The Crypto Czars are digital currency companies like Tether and World Liberty Financial, who have helped double Trump's fortune. The Tech Titans are companies like Oracle, OpenAI and Palantir who have backed Trump's support for a new gold rush by building a swathe of new data centers.
These Silicon Valley companies are being bankrolled by Wall Street firms like Cantor Fitzgerald and powered by gas pipeline companies like Energy Transfer, two of Trump's biggest supporters.
"Making America Great Again should mean protecting the health and well-being of local communities, not sacrificing their air, water, and land,” says Oriane Burke, a researcher at CorpWatch. “Instead Energy Transfer's aggressive expansion of gas pipelines and gutting of environmental regulations for datacenter profits is doing the exact opposite."
Meanwhile, the biggest winners of federal dollars under Trump are companies like CoreCivic and GEO Group who are running massive detention centers like Delaney Hall in New Jersey, as well as companies like CSI Aviation that are deporting people en masse.
"These Prison Profiteers are making a windfall off of ICE’s reign of terror on migrants. They are exploiting the most vulnerable working class people —the backbone of America—and subjecting them to appalling conditions to increase their bottom line,” says Aya Dardari, a researcher at CorpWatch. “But communities from around the country are responding in solidarity with a message of their own: humanity is not up for sale.”
The new report also provides a guide to these communities that are slowly, but surely, pushing back against the Crypto Czars, Tech Titans and Prison Profiteers.