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Trump backer Timothy Mellon identified as donor of $130m for US troop pay during government shutdown (www.theguardian.com)

submitted 3 days ago by MicroWave@lemmy.world to c/news@lemmy.world

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A reclusive billionaire, anti-tax crusader and major financial backer of Donald Trump has been named as the anonymous private donor who gave $130m to the government to help pay US troops during the federal shutdown that is now in its fourth week, according to the New York Times.

The donation, which equates to about $100 per service member, appears to be a potential violation of the Antideficiency Act, which prohibits federal agencies from spending funds in advance or in excess of congressional appropriations – and from accepting voluntary services “except in the case of emergency involving the safety of human life or the protection of property”.

Potential penalties for violations include both administrative and criminal sanctions such as suspension or removal from duty, fines and imprisonment.

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[–] BarneyPiccolo@lemmy.today 4 points 3 days ago* (last edited 3 days ago)

TRUTH!

In 2020, The Rand Corp issued a report on income inequality, and the situation is far worse than most people think.

In 1974, they re-wrote the tax code, baking Trickle Down Economics into the system.

Since then, the median salary of $43K in 1975 has increased to only $50K today, while they would have been making $92K if the tax code hadn't been steadily re-written to enrich the wealthy at the cost of the middle class and poor.

In that same time period, the mean income for the top 1% went from $289K to $1.384 million, while they would have been making $630K under the old tax codes.

That's a 17.4% increase in the lower median, and an increase of 321.6% in the 1% median. Clearly there has been an upwards distribution of wealth at the expense of the middle class since the tax codes started to be re-written in 1974 to favor the top economic tier. Imagine how different your life would be if the average income was $92K, instead of almost half that?

This study was released in 2020, before the Covid Pandemic. It has only gotten worse, and is accelerating under MAGA. A few are getting richer than ever, while everybody else declines.