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This disclosure form shows how Ivanka makes millions of dollars without lifting a finger

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First daughter Ivanka Trump on Tuesday drew widespread ridicule when she attacked Rep. Alexandria Ocasio-Cortez (D-NY) for supporting ideas such as a universal basic income for all Americans.

“I don’t think most Americans, in their heart, want to be given something,” Ivanka said during a Fox News interview. “People want to work for what they get. So, I think that this idea of a guaranteed minimum is not something most people want.”

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However, Ivanka herself makes millions of dollars every year without lifting a single finger.

As Trump biographer Tim O’Brien notes on Twitter, Ivanka Trump’s financial disclosure form shows that her income streams largely derive from assets that do not require her to put in any kind of hard work.

“Ivanka Trump gets lucrative annual streams of income, rents and capital gains — $1 million here, $5 million there — from her biz, her husband’s biz, and her father’s biz that she largely gets for just sitting there,” observes O’Brien.

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For example, her 2018 financial disclosure form shows that Ivanka made more than $5 million in rents and royalties from the Ivanka M. Trump Business Trust, which was set up after she took a job at her father’s White House and whose assets are overseen by relatives of husband Jared Kushner, as reported by the New York Times in 2017.

Other sources of income include nearly $4 million in hotel-related revenue from an LLC set up to lower the Trump family’s future estate tax burdens, and over $2 million in salary and severance from the Trump Payroll Corp.

Read the full disclosure form here.

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2020 Election

Mike Bloomberg doesn’t understand he is part of the problem

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The entry of Michael Bloomberg, one the world’s wealthiest men, into the Democratic Presidential primary contest arrives at a moment when Earth is facing growing levels of obscene wealth concentration and income disparity.

This article first appeared in Salon

“Last year 26 people owned the same [amount of wealth] as the 3.8 billion people who make up the poorest half of humanity,” reported Oxfam International in 2018. According to the anti-poverty charity, in the decade since Wall Street’s pillaging of Main Street that induced the Great Recession, “the fortunes of the richest have risen dramatically” with the number of billionaires doubling.The former New York City mayor touts the amassing of his $55.4 billion fortune, starting from a $10-million-dollar buyout he got when he was fired from Salomon Brothers, as one of his top qualifications for the nation’s highest office.

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GOPer Collins battered for demand to postpone Trump impeachment so he can get caught up: ‘Collins doesn’t do his homework’

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On Saturday, Rep. Doug Collins (R-GA), the senior Republican on the House Judiciary Committee made a demand to the Democrats that they postpone Monday's hearing on the impeachment of Donald Trump, saying he needed more time to digest a fifty-plus page report that Democrats released over the weekend.

After tweeting out his demand -- as well as issuing a statement -- the voluble Trump defenders was hammered on his own Twitter feed with commenters telling him do his job and read the report in the meantime.

After Collins tweeted, "Chairman Nadler has no choice but to postpone Monday’s hearing in the wake of a last-minute document transmission that shows just how far Democrats have gone to pervert basic fairness," he got buried in derision.

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Trump’s damage to the federal government is driving voters to turn to more liberal candidates: report

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According to a report from Politico, Donald Trump's tenure has not resulted in voters becoming more conservative, and instead, he is driving them into the arms of more liberal and progressive candidates at the local level who are then using their newfound power to change Democratic policies at the national level.

Trump's negative influence is turning into a positive for those candidates -- particularly in the big cities.

"From New York City to Los Angeles, many of the nation’s biggest cities have turned even harder to the left under President Donald Trump, putting pressure on local officials to embrace the leading progressive presidential candidates — or withhold their endorsements entirely for fear of antagonizing newly energized activists," the report states. "It’s a drastic political shift in some places, where for decades entrenched party bosses crushed any signs of life on the left or tended to put the weight of big-city institutional support behind Democratic establishment-oriented candidates."

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