Betsy DeVos’ family keeps a $40M yacht all over America but dodges taxes by flying Cayman flag
One of the many good things about a new president is that most, if not all, of the people one associates with the last president leave office. That includes the secretary of education, Betsy DeVos. DeVos came into her position, like most of the Trump Cabinet, based on either being a billionaire or having close relationships with billionaires. Like most billionaires, DeVos has been successful at one thing: Making a billion dollars. In order to make a billion dollars, one must be willing to crush a lot of bones to make one’s bread. Like the rest of Trump’s appointments, DeVos’ four years have been marred by controversy and corruption, an almost unprecedented level of protest from students and educators, but most importantly by a complete incompetence in the job she was gifted. In a nutshell, she is arguably the worst secretary of education we’ve seen in decades.
However, being a billionaire, as the Trump administration has shown us time and time again, usually means that a person is good at rigging an already inequitable system and then exploiting that system. In fact, they aren’t very good at doing much of anything besides making themselves wealthier by any means necessary. To do this, billionaires will participate in all kinds of dubious and frequently seemingly illegal things. And because they’re billionaires in a rigged system, they can create laws or withstand inadequate punishments for doing the kinds of things that would sink the rest of the population. Things like collecting loans from defrauded students. Things like dodging taxes.