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How Donald Trump Jr. is cashing in on his dad's presidency
- Donald Trump Jr. joined a small investment startup called 1789 Capital shortly after his father became president, leading to concerns about conflicts of interest.
- 1789 Capital, despite its small size, has gained shares in sought-after offerings like Elon Musk's SpaceX, aligning with MAGA values and benefiting from federal contracts criticized by President Trump.
- The investments made by 1789, involving companies with government contracts, have raised worries about potential preferential treatment for the Trump family and allies.
- Legal experts and Wall Street investors have expressed concerns about how Donald Trump Jr. is profiting from his father's administration through deals facilitated by 1789 Capital.
- 1789 Capital has made significant bets on companies such as SpaceX, Anduril, and Firehawk Aerospace, which have secured lucrative defense contracts under the Trump administration.
- Critics raise ethical questions about the investments benefiting Trump's son, leading to comparisons with past instances of nepotism and conflicts of interest in presidential families.
- The creation of an exclusive club by 1789 Capital, named the Executive Branch, further fuels concerns about selling access to administration insiders.
- Despite Trump Jr.'s claims that he has not directly benefited from his father's office, his involvement in 1789 suggests a strategy to profit from his father's presidency through venture capital investments.
- The rapid fundraising efforts of 1789 Capital indicate a push to amass billions in funds to capitalize on federal contracts, potentially raising more ethical and legal concerns.
- Overall, Donald Trump Jr.'s business dealings through 1789 Capital have sparked a debate surrounding conflicts of interest and the ethical implications of leveraging familial connections in the world of investments and government contracts.
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