Donald Trump’s opaque personal finances and business entanglements around the globe raise the possibility of unprecedented corruption for a United States president. And transportation is one area where the risk of Trump using the powers of the presidency to enrich his family and reward cronies is especially high.
As a candidate, Trump outlined a $1 trillion infrastructure plan, consisting mainly of tax incentives and subsidized loans for private companies to build things like roads and water systems. Paul Krugman and Ron Klain have noted that this would confer huge subsidies to companies that don’t need them, for projects that would get built anyway. In other words, government handouts for contractors and financiers.
In the transportation realm, Trump’s plan would mean building lots of privately-financed toll roads, an arrangement rife with examples of costly blunders, bankruptcies, and conflicts of interest. Letting the Trump White House oversee a huge program of privatized toll road construction would open the door to corruption on a massive scale.
While the vast sums we spend on infrastructure have always been vulnerable to various forms of corruption, the potential for Trump to game the system goes far beyond typical “highway to nowhere” graft. Here’s a closer look at why.
1. Trump has not released his tax returns, and his assets are not in a true blind trust
Alone among modern presidents, Trump has not released his tax returns. The public has no way to tell exactly what Trump’s financial interests are and how far they extend. And because Trump and his children have not divested from the family’s assets and put their wealth under the control of a disinterested third party, or blind trust, they can continue to profit from decisions made by the vast federal government apparatus that Donald Trump will soon steer.