this post was submitted on 13 Aug 2026
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cross-posted from: https://news.abolish.capital/post/71226

The Trump administration has finalized a rule that will allow shell companies and other questionable entities to conceal their ownership from federal investigators, in a move that critics say will only further facilitate corruption in the U.S. The Treasury Department’s Financial Crimes Enforcement Network announced on Tuesday that it is ending the regulation that requires companies to…

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[–] SailorFuzz@lemmy.world 81 points 1 day ago (11 children)

How does this help the people?

Seriously, for his maga base. When they see this, how do they rationalize it as a good thing for them?

[–] webghost0101@sopuli.xyz 51 points 1 day ago

They wont see this, they are to busy getting flooded with sports updates from some random trans teenager.

There is this site i got advertisement for that shows news “on both sides” and it highlights how some news like the above only exists for one side.

[–] DarkFuture@lemmy.world 24 points 1 day ago (2 children)

When they see this

Yeah, that's the thing.

Reminder that it is an actual cult and cult propaganda is literally all they will see.

[–] fonix232@fedia.io 2 points 1 day ago

Yep. Just had a "discussion" (can't really call it that because it immediately devolved into ad hominems from their side) with a MAGA the other day. Quoted them some statistics that they demanded sources for, from a US govt site. Their reply was that unless the data comes from the orange turnip's temu twitter, or some other MAGA source, they don't accept it.

They will not hear a fucking word of it

[–] Gerudo@lemmy.zip 14 points 1 day ago (1 children)

A lot of conservatives think that if something is done within the bounds of law, then it's not a bad thing. If your leadership removes a law, then that illegal thing, is now magically legal. It doesn't matter what that thing was, it's removing "red tape".

[–] sudo@lemmy.today 4 points 1 day ago (1 children)

Except when that thing is giving rights to or protecting women, minorities, or marginalized groups.

[–] Gerudo@lemmy.zip 1 points 1 day ago

That's what the new laws are for, oppressing everyone else.

[–] cloudshouter@lemmy.zip 6 points 1 day ago

“Doesn’t affect me, don’t care.”
The fact that they will be nickeled and dimed even harder by profit margins and get less back from tax services will go right past them. Try to explain it and their eyes will glaze over before you get two words out.

[–] Signtist@bookwyr.me 9 points 1 day ago

Easy, it's been framed to them as a storm they have to weather in order to get rid of the people they don't like who are causing all the real problems. They see something bad for the economy or whatever and think "I can handle this, but hopefully all those brown people I see around will be run out of town!"

[–] FuglyDuck@lemmy.world 2 points 1 day ago* (last edited 1 day ago)

“The orange furher glazed when I gave him a blownjob so he loves me and will never do anything that’s not in my best interest.” *

*

the next time they get checked for STDs they probably find out he gave him all the stds, and maybe some new ones. Of course because we no longer have reliable sex-health services like planned parenthood, that’s probably at their autopsy.

[–] ryper@lemmy.ca 8 points 1 day ago

It's "removing red tape" and they've been told over and over again that removing red tape is a good thing.

[–] SuiXi3D@fedia.io 5 points 1 day ago

That implies Fox or OAN actually mention it.

[–] tabarnaski@sh.itjust.works 4 points 1 day ago

The thing is, maga does not need rationalization. Trump appeals to their emotions, he's a human ragebait.

[–] MonkeMischief@lemmy.today 1 points 1 day ago

Honestly how can The People exploit this? I dunno maybe we should all educate ourselves real carefully on how shell companies work and take advantage of this stupid nonsense.

"Oh no, sorry nobody's paying taxes for your war machine funding... it's all tied up in random shell companies!"

[–] EastofEdson@piefed.ca 2 points 1 day ago

They are all just temporarily disadvantaged millionaires anyway. One day they will exploit the same loopholes.