All of Its Defects, None of Its Virtues

So manly, so decisive, so corrupt:

President Trump’s $2.2 billion in personal earnings during his presidency has been met largely with silence from his MAGA base, which has been increasingly willing to revolt against policies they view as an abandonment of his promises to put everyday Americans first.

Far-right members of Congress, prominent media pundits and grass-roots activists have criticized Mr. Trump’s war with Iran and openly broken ranks to demand the release of the Jeffrey Epstein files. They have accused him of prioritizing his own interests over the needs of the voters who elected him to office.

But few far-right voices aligned with Mr. Trump have criticized him over the scale of his personal haul, reported this week, or the conflict inherent in his status as a major cryptocurrency industry operator and its top policymaker.

Some described his earnings as a validation of the business acumen they have long admired in him.

“Nobody who voted for Donald Trump — a guy with skyscrapers with his name on it, with a plane that has his name on it — is suspect of him making money,” Joe Borelli, the former New York City Council Republican leader and managing director of Chartwell Strategy Group, a lobbying firm, told CNN. “He made his whole career talking about how much money he makes.”

Mr. Trump earned about $1.4 billion from his family’s cryptocurrency businesses, new mandatory financial disclosures show. A significant portion of that came in 2025, when an investment firm tied to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial. He also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its own digital tokens.

Let us consult Mr. Jefferson on this 250th anniversary of the country’s founding:

The public money and public liberty, intended to have been deposited with three branches of magistracy, but found inadvertently to be in the hands of one only, will soon be discovered to be sources of wealth and dominion to those who hold them; distinguished too by this tempting circumstance, that they are the instrument, as well as the object of acquisition. With money we will get men, said Caesar, and with men we will get money. Nor should our assembly be deluded by the integrity of their own purposes, and conclude that these unlimited powers will never be abused, because themselves are not disposed to abuse them. They should look forward to a time, and that not a distant one, when corruption in this, as in the country from which we derive our origin, will have seized the heads of government, and be spread by them through the body of the people; when they will purchase the voices of the people, and make them pay the price. Human nature is the same on every side of the Atlantic, and will be alike influenced by the same causes. The time to guard against corruption and tyranny, is before they shall have gotten hold on us. It is better to keep the wolf out of the fold, than to trust to drawing his teeth and talons after he shall have entered.

It is extraordinary that on the 250th anniversary of the Declaration we have given ourselves a President who revels in all of the defects of America, while subscribing to none of its virtues.

Anyway, have a Happy Fourth of July, the asshole in the White House notwithstanding. This weekend is best celebrated by pretending that he doesn’t exist. Reality can wait until Monday.