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Culture War Roundup for the week of May 26, 2025

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NYT has a primer on all the corruption that Trump has been engaging in:

  • There's a film about Melania that will pay $28 million directly to her. Did you know about this? I certainly didn't. This could have been a major scandal in past administrations, but at this point it barely registers at all.
  • The Trump meme coin has collected $320 million in fees. Noah smith has written about the coin a while ago, and since then Trump has invited coinholders to private events as a reward.
  • Justin Sun was accused of fraud by the SEC, but Trump put the investigation on hold after Sun bought $40 million in Trump coin
  • The luxury jumbo jet from Qatar that has been heavily featured in the news. In what I'm sure was a total coincidence, Trump announced a big AI deal with Qatar, KSA, and UAE that's almost certainly a big net-negative for the USA according to Zvi.
  • Trump's family are raking in cash head-over-heels by monetizing perceived access to the president, with Kushner, Trump Jr., and Eric Trump each individually dwarfing the amount that Hunter Biden ever received from doing similar activities, but basically nobody cares about that at this point.
  • Previous presidents have divested their business holdings prior to coming into office to head off allegations of corruption, and of course Trump never did, and basically nobody cares about that at this point.

Beyond this article, you could probably add a bunch more, like how White House aides are buying and selling stocks suspiciously timed around tariff announcements to make big profits.

The response to all of this from MAGA has been next to nonexistent. A handful of people have implied that maaaaaaaybe Trump shouldn't be doing this, but none of them remotely push the issue. When the left try to criticize this, most of MAGA either retorts with the broken record of Shellenberger arguments, or otherwise claims something Biden did was somehow worse, and Trump's corruption is implied to be good, actually. Isn't it wonderful living in an era when negative partisanship is the only political force that matters? Scandals and corruption used to be a thing that allowed the other party to come in and try to do better, but now they're used as a justification for the other side becoming even worse.

Mr. Trump, the first convicted felon elected president, has erased ethical boundaries and dismantled the instruments of accountability that constrained his predecessors.

Quoted to make clear the journalist behind this article interprets all of Trump's actions in maximally bad faith.

Jeff Bezos agreed to finance a promotional film about Melania Trump that will reportedly put $28 million directly in her pocket

A documentary made by and about Melania was acquired by Amazon for $40MM, her cut is $28MM. Higher by percent than typical EP share in cinema, but in cinema they profit from tickets.

A business entity tied to the Trumps sits on a large stash of the $TRUMP cryptocurrency and collects fees every time the coins change hands. So far, the coin has generated at least $320 million in fees, which the Trumps share with their business partners, according to Chainalysis, a crypto analytics firm.

Extrapolation from trading volume and an assumed fee. Appears correct. As for Smith:

And the crypto people are right that TRUMP and MELANIA just make the whole space look bad

Crypto has required no assistance from Trump to look bad. Smith's scenario is plausible but an extreme reach, at the value and volume it would take tens of millions to move it 10%, and it would have to keep that value until Trump's sons could sell enough to profit the intended amount of the bribe.

I do find it interesting, because I feel a quiet dissonance about Trump having a memecoin beyond the obvious issues. It's something about the aesthetic of it all, cryptocurrency has one kind of griminess to it, while politicians have a different kind of griminess, and to me, these clash. This even despite TRUMP having its namesake as a man who controls aircraft carriers, and thus it carrying more objective value than all other cryptocurrencies combined. Cue obvious issues, in no circumstances should a President profit from alternate fiat currency, and his family shouldn't either, whatever those "ties" are exactly. But if a businessman capitalizing on crypto is the only criticism of merit in this piece, it's nothing, and ultimately, those who lose on crypto get what they deserve.

The Securities and Exchange Commission in 2023 accused Mr. Sun of fraud, but after Mr. Trump took over the agency put its lawsuit on hold even as it dropped other crypto investigations.

The SEC under Biden opened an investigation into Sun a year ago after he invested in the Trump-tied WLF. Not difficult to see what happened here.

The luxury jumbo jet from Qatar that has been heavily featured in the news. In what I'm sure was a total coincidence, Trump announced a big AI deal with Qatar, KSA, and UAE that's almost certainly a big net-negative for the USA according to Zvi.

Hollow. They criticize because it went to Trump.

Zvi gets lost in the weeds on deeper AI questions when it's a matter of geopolitics. The oiled Arabs are beyond desperate for diversification, if they attain economic salvation it will be through AI. Terrifically easy and critical win for US diplomacy.

Congressional Republicans spent years investigating Hunter Biden, the son of President Joseph R. Biden Jr., for trading on his family name to make millions of dollars, even labeling the clan the “Biden Crime Family.” But while Hunter Biden’s cash flow was a tiny fraction of that of Donald Trump Jr., Eric Trump and Jared Kushner, Republicans have shown no appetite for looking into the current presidential family’s finances.

Hunter Biden is a fuckup, Trump's kids aren't. Had Trump never entered politics, his eldest sons' dealings would be unsurprising . . . but this isn't a defense, because he did enter politics, and his sons run his organization and are part of his political brand. It caps your list but reading about it makes me feel like you've made an afterthought of the point deserving this entire discussion.

Zach Witkoff, a founder of the Trump family crypto firm World Liberty Financial, and son of Steve Witkoff, the president’s special envoy, announced a $2 billion deal in the United Arab Emirates, just a couple of weeks before his father and Mr. Trump traveled there for a presidential visit.

(And the article)

Sitting in front of a packed auditorium in Dubai, a founder of the Trump family cryptocurrency business made a brief but monumental announcement on Thursday. A fund backed by Abu Dhabi, he said, would be making a $2 billion business deal using the Trump firm’s digital coins.

That transaction would be a major contribution by a foreign government to President Trump’s private venture — one that stands to generate hundreds of millions of dollars for the Trump family. And it is a public and vivid illustration of the ethical conflicts swirling around Mr. Trump’s crypto firm, which has blurred the boundary between business and government.

Corruption in politics is those three principled civil libertarians who care equally about all corruption and those seven zillion witches taking turns trying to cudgel each other with hypocrite. We know this, no more state of the discourse.

There are clear lines here, and it doesn't matter if it's entirely above board. If a hypothetical business in one of those countries invested two billion in a hypothetical non-political Trump org then he would visit as quickly as possible. For it to happen with the President gives the appearance of impropriety, and for the President, appearing improper is being improper.

Except impropriety isn't a crime, and I'm not sure what crime is supposed as having been committed. Now I did just say appearance alone is a problem, and if say the Soros org gave Trump a large amount of money, even if they loudly proclaimed their opposition and continued to operate antithetically to one another, everybody would be suspicious. Even still, impropriety is not a crime. What's the result? Like we might say it's improper, it is spiritually criminal, for politicians to engage in insider trading, but it's not a crime, and how many traders now profit from the Pelosi Index? It's also only spiritually criminal to lobby for and support politicians who campaign on making a kind of business illegal or regulated into insolvency while shorting those businesses and also investing in alternatives to those businesses. The Green Industry thanks them. Corruption is the game and the rules against are now only used as weapons. I will not hear appeals to convention, against Trump, the left struck first.

A person or organization can bribe a politician. The sheriff is bribed to ignore crime, the judge the same, the city manager bribed to softball a contract. I'm not so sure a country can bribe a politician. Foreigners can, but I just covered this. People who happened to be Ukrainian were bribing the Bidens so their own wealth increased. The governing body of a country? Somewhere on that path it must veer into geopolitics and diplomacy. If an entire country makes it personally worthwhile for the President to pursue better relations, what's the crime? Their accepting of gifts? To what end? Favoring them in policy? If it harmed US companies that would be a crime. If it harmed companies in other countries? I think they should have made a better offer. The President is America, and no length of litany of "incompetence" applies to the man who gains that office. Even if in his later years he sharply deteriorates and someone else holds the pen, he still first made himself electable. I say this because these are men with a special quality of judgment, and an emissary delivering a horde of gold unto the king might make him very interested in that country indeed.

The Bidens saw only money. Hunter Biden was on the board of Burisma and the US relationship with Ukraine has brought hell to that country. The real crime of the Bidens' corruption isn't the impropriety of taking money from foreigners. There is a crime, but the rote ho-hum sort, of taxpayer dollars being pilfered out of Ukraine and then funneled into private coffers. Taxpayer dollars are already pilfered into private coffers, so this isn't unusual, just elaborate. Their real crime matches whatever degree of their involvement in the greater machinations behind all those young men dead in holes from kamikaze drones.

What of the Trumps' impropriety? And while one final time it is impropriety by our standards, I'm just not sure it's corrupt. These aren't sinecures for Junior and Eric, these aren't private businessmen buying access in interest of their own wallets. These are governments, who may well have bought access to the President, but who are acting in the interest of their peoples. So it might have also been for Ukraine, sometime, someplace. In theory. But those involved aren't state department spooks running a color revolution. It's Trump walking on stage and talking about his hopes for the region and asserting et refrain their right of self-determination. We're investing, American businesses are investing, Trump's organization is investing in these countries. If economic flourish results, if Trump Tower & Resort Jeddah becomes a beloved destination, where's the grift? If his efforts at enduring peace and prosperity in The Middle East succeed, what will history care if his motivation was personal wealth?

I'm often blinded by my optimism, but I know I see better than Peter Baker here, who is blinded by hate. Or I should hope he is, because I can respect that. If that article came out of pure cynicism, I know as fact I'm right.

A bold response, Jake, "Trump is corrupt but actually that's a good thing."

What if it is?

Hunter Biden is a fuckup, Trump's kids aren't.

Of course they’re fuckups, even Don himself doesn’t like them, which is why the actual business decisions in his family business - which he built to pass down to his own sons - are made by others. Trump spends more time with Elon and possibly even with Kushner that with his own older sons. Maybe he likes Barron. Certainly Ivanka is the child he considers not only his favorite but also the smartest.

Trump spends more time with Elon

He had a debt to pay off to Elon, I doubt that Trump will be in any hurry to work with Musk again. If nothing else, two people with such massive egos don't tend work well with each other.