Trump says pay him only $1.00 per year
Donald Trump is not interested in the $400,000.00 annual salary as he has indicated that he will accept only a nominal one dollar a year in salary and only taking that because the president has to be paid something.
Does that mean he is being altruistic in his approach to the presidency or is there something else brewing? There is probably some measure of selflessness going on here but it would be hard to say he is doing this entirely for the good of the country. Below I’ll lay out some of the reasons I think this may not be just a selfless act of the soon to be inaugurated president.
By declining the 400K, Trump looks good to the populous in that they see him being a man who is interested in seeing the money generated via taxes do not benefit him. That is a very cheap PR move and would really come in handy should he decide to run for a second term in 2020. He would certainly make that a talking point in the campaign against anyone that runs against him in his own party and most definitely for anyone that runs against him should he get nominated again. That is well worth the money in terms of attention he would get should he get that far.
Four hundred thousand dollars is a lot of money no matter who you are but it would probably not make much of a difference for Trump in that he claims to be a billionaire and has hundreds of companies throwing off some measure of cash. He really does not need the money and taking it could make him look greedy. Again, a PR move as the optics matter much more than the reality.
He will be billing the United States a fair amount of money as well should he be using his plane on trips as the travel cost for the Secret Service agents that are assigned to him will be billed to the USA. Any media that will be on his plane will also have to pony up to travel on it as they pay their own way as they are not going to get a freebie there. And to top it all off, he can bill the government for his travel on his own plane. Yeah, he will be billing the good old USA for travel when he travels on his own plane.
I’d say what a racket but it’s not a racket but rather the norm.
Another benefit for president elect Trump not taking a salary is he can invoke that when conflicts arise between his business dealings and the United States. And there are going to be a lot of conflicts as he has his fingers in a lot of pies.
We may see him tweeting, “Look, that deal may look like I am benefiting but I’m not even taking a salary!!” #generouspresident, “They told me one of my companies got a break because I’m 45. Get real, I’m giving the country almost a half a million dollars every year!! #givingbackpresident. I’m sure there will be some interesting tweets from the first tweeter that will get to see relative to him donating his salary to the United States.
Look, this is not all cynicism as the soon to be president is giving up a lot of money… a total of $1,600,000 over the next four years. There is some generosity there but the president foregoing his salary and taking only 1.00 a year is not all because he loves America.
He loves Trump and earning only $1.00 a year for the next 4 years is the cheapest advertising he could possibly buy.