Record asset seizure: Authorities confiscated $7.6 billion in holdings tied to Vadim Moshkovich, the largest nationalization in recent years.
Part of wider campaign: The Kremlin has transferred an estimated $89.7 billion in private assets to state control since the Ukraine war began.
Elite on alert: Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget.
Won’t be long until Trump hears about this new grift from his old mate, Vlad!
In the US, we call these campaign contributions.
Trump has gotten more brazen. Buy his cryptoscam, pay to build his ballroom, give his wife a sweetheart movie deal, the list goes on and on. And yeah, then there’s the IRS tax audit immunity that would allow him and associated people to steal an estimated $100 million in forgone taxes. Truly a man who looked at the Russian kleptocracy and said “I want some of that.”
We were already on trajectory for this if AI worked out the way they wanted it to. Where does the US military budget come from if 90% of the tax base are laid off?
The other 10%, as long as they make under $100,000.
The other 10% will be blue collar workers. You can tax that base 100% and you would still be missing 90% of the revenue you need.