The Dictatorship
Michael and Susan Dell donate $6.25 billion to encourage families to claim ‘Trump Accounts’
NEW YORK (AP) — Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children 10 and under an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation.
The historic gift has little precedent, with few single charitable commitments in the past 25 years exceeding $1 billion. Announced on GivingTuesdaythe Dells believe it’s the largest single private commitment made to U.S. children.
Its structure is also unusual. Essentially, it builds on the “ Trump Accounts ” program, where the U.S. Department of the Treasury will deposit $1,000 into investment accounts it sets up for American children born between Jan. 1, 2025 and Dec. 31, 2028. The Dells’ gift will use the “Trump Accounts” infrastructure to give $250 to each qualified child under 11.
“We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come,” said Michael Dellthe founder and CEO of Dell Technologies whose estimated net worth is $148 billion, according to Forbes.
Billionaires Michael and Susan Dell pledged $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children. The accounts were created as part of President Donald Trump’s tax and spending legislation but have not yet launched.
Though the “Trump Accounts” became law as part of the president’s signature legislation in July, the Dells say the accounts will not launch until July 4, 2026. Michael Dell said they wanted to mark the 250th anniversary of U.S. independence.
“We want these kids to know that not only do their families care, but their communities care, their government, their country cares about them,” Susan Dell told The Associated Press.
Under the new law, “Trump Accounts” are available to any American child under 18 with a Social Security number. Account contributions must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business.
The Dells will put money into the accounts of children 10 and younger who live in ZIP codes with a median family income of $150,000 or less and who won’t get the $1,000 seed money from the Treasury. Because federal law allows outside donors to target gifts by geography, the Dells said using ZIP codes was “was the clearest way to ensure the contribution reaches the greatest number of children who would benefit most.”
The Dells hope their gift will encourage families to claim the accounts and deposit more money into it, even small amounts, so it will grow over time along with the stock market.
There is a political benefit for Trump and fellow Republicans. The accounts will become available in the midst of a midterm election, providing money to millions of voters — and a campaign talking point to GOP candidates — at a critical time politically. The $1,000 deposits are slated to end just after the 2028 presidential election.
At the White House on Tuesday, Trump praised the Dells saying their gift was, “truly one of the most generous acts in the history of our country.”
Trump said many companies and many of his friends would also be donating, adding “I’ll be doing it, too.”
Brad Gerstner, a venture capitalist, who championed this legislation, said the accounts will give all children renewed hope in the American dream.
“It’s hard to give effective dollars away at scale, particularly to the country’s neediest kids in a way that you have confidence that those dollars are going to compound with the upside of the U.S. economy,” said Gerstner, who is also the founder of Invest America Charitable Foundation, which is supporting the Treasury in launching the accounts.
“Fundamentally, we need to include everybody in the upside of the American experiment. Otherwise, it won’t last. And so, at its core, we think it can re-energize people’s belief in free market, capitalist democracy,”″ Gerstner said of the accounts.
About 58% of U.S. households held stocks or bonds in 2022, according to the U.S. Securities and Exchange Commission, though the wealthiest 1% owned almost half the value of stocks in that same year and the bottom 50% owned about 1% of stocks.
In 2024, about 13% of children and young people in the U.S. lived in poverty, according to the Annie E. Casey Foundation, and experts link the high child poverty rates to the lack of social supports for new parents, like paid parental leave.
While the funds in the Trump Accounts may help young adults whose families or employers can contribute to them over time, they won’t immediately help to diminish childhood poverty. Cuts to Medicaid, food stamps and child care that were also included in the spending package are likely to reduce the support children from low-income families receive.
Ray Boshara, senior policy adviser with both the Aspen Institute and Washington University in St. Louis, said he is excited about the idea that the Trump Accounts will be able to receive contributions from the business, philanthropic and governmental sectors.
“We would like to see this idea continue and get better over time, just like any big policy,’ said Boshara, who co-edited the book “The Future of Building Wealth.” “The ACA, Social Security – they start off fairly flawed, but get much better and more progressive and inclusive over time. And that’s how we think about Trump Accounts. It’s a down payment on a big idea that deserves to be improved and there’s bipartisan interest in improving them.”
Through the Michael & Susan Dell Foundation, the Dell’s have reported giving $2.9 billion since 1999, with a large focus on education.
Michael Dell said they had not initially envisioned committing so much to boost the child investment accounts, but Susan Dell said that changed over time.
“We’re thrilled to be spearheading this in the philanthropy sector and are so excited because we know that more people are going to jump on board because really, we can’t think of a better idea and better way to help America’s children,” she said.
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AP writer Darlene Superville in Washington contributed to this report.
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Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
The Dictatorship
Truth Social leadership shake-up: Kevin McGurn steps in amid stock collapse
NEW YORK (AP) — The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as the leader of the social media platform after a stock collapse that wiped out billions in investor wealth.
Devin Nunes, a former California congressmen in Donald Trump’s first term, is being replaced temporarily by digital media executive Kevin McGurn as chief executive officer. The company, Trump Media & Technology, didn’t give a reason for Nunes leaving or provide a timeline for his permanent replacement.
After soaring shortly before Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.
Trump Media was formed by the Trump family as an alternative to social media giants that had barred him from posting on their platforms after the January 6, 2021 Capitol riots. It said it would not only take on Facebook and Twitter as a “free speech” alternative, but eventually could become a media giant competing with streaming services such as Netflix.
AP AUDIO: Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions
AP correspondent Jennifer King reports on a leadership shuffle at the Trump media company.
The stock soared, but it never gained traction with a wide audience despite the president’s frequent use of it for major political announcements, slammed by government ethics experts as a conflict of interest with the presidency.
Since it went public two years ago, Trump Media has lost more than $1.1 billion. Nunes got total compensation of $47 million in 2024, the last year for which figures are available.
The new CEO McGurn said in statement that the company was “poised to take off.”
“In carrying President Trump’s unique, singular vision and message, Truth Social stands for the most powerful brand and voice in history of social media and beyond,” he said.
The Trump Organization didn’t immediately responded to a request for comment.
The company has recently branched into cryptocurrency and another hot business, prediction markets. The latter are online betting venues where people can wager on sports, entertainment and political events.
Both cryptocurrencies and prediction markets have gotten boosts from the Trump administration, in terms of lighter regulation and outright promotion. Last year, for instance, the Trump established a national bitcoin reserve, pushing up the value of that currency.
McGurn, has worked at NBC Universal, Hulu and DoubleClick, among other companies, according to his LinkedIn profile. He is also the CEO of a new shell company that Trump’s two oldest sons, Donald Jr. and Eric, joined last year to buy U.S. manufacturers. That company originally stated in regulatory filings that it would be targeting businesses hoping to tap federal contracts, which would be awarded by the same government run by their father.
The Trump Organization and the White House have repeatedly denied that there are conflicts of interest between Trump’s role as president and the family business.
The Dictatorship
What the DOJ’s Southern Poverty Law Center indictment is really about
ByMichael Edison Hayden
As one of the most high-profile employees of the Southern Poverty Law Center for five years — and as someone who has been outspokenly critical of the organization — I never once heard of the program that allegedly involved paying sources within the Ku Klux Klan, National Alliance and Aryan Nations until the Justice Department published its indictment this week.
What I did hear, frequently, was people in the MAGA movement saying we were some kind of criminal syndicate — part of a sustained propaganda effort to delegitimize the work we did tracking and labeling extremist groups.
Although I find the notion of paying extremists distasteful, even unethical, the indictment feels like the culmination of years of pro-Trump activists consuming and amplifying that kind of propaganda. And, the SPLC, for its part, has called these charges “false allegations.”
One quote from acting Attorney General Todd Blanche’s press conference about the charges against the SPLC stood out to me as particularly absurd:
“The SPLC is manufacturing racism to justify its existence,” he said on Tuesday afternoon.

Imagine, for a moment, believing the SPLC — or any other civil rights organization — needed to fraudulently manufacture racism to sell it in today’s America. Just two months ago, the president shared an artificial intelligence-generated video depicting his Black predecessor and his predecessor’s Black wife as primates. In early 2025, the Trump administration suspended refugee admissions from majority non-white countries while investing in a special program to fast-track white South African Afrikaners into the United States. Racism is not a rare commodity in this country to be manufactured — it’s cheap and easy to find.
A closer look at the indictment raises more red flags. For one, the KKK, National Alliance and Aryan Nations have been largely defanged for years. You rarely hear those names now unless you’re a historian focused on the white supremacist movement. That doesn’t rule out the possibility of criminal wrongdoing on its own, but it does show that this DOJ, in 2026, had to reach back as far as 2013 to find a relatively obscure SPLC program — one that, as a former spokesperson, I had never even heard of.
Another issue is the indictment’s suggestion that the SPLC played a role in planning the Unite the Right rally in Charlottesville, Virginia, based on the claim that an informant was “part of a leadership group.” The idea that an informant could have planted the seed for a gathering of white supremacists of that magnitude is completely implausible. We don’t need to speculate about the origins of that deadly event: Unite the Right was effectively a sequel to a similar rally in Charlottesville in May 2017, driven by widespread outrage within the movement over the removal of Confederate statues. Unicorn Riot preserved reams of Discord logs attesting to it.
The indictment feels like the culmination of years of pro-Trump activists consuming and amplifying that kind of propaganda.
So, leaving open the possibility that something comes out in the trial that I don’t know about yet, these charges look like a piece of political theater to shore up a wayward MAGA base beleaguered by the scandal around Jeffrey Epstein and an increasingly unwieldy debacle in Iran. It’s a MAGA base that understands the SPLC as one of the primary villains in its propaganda stories and enjoys seeing it suffer.
But if the DOJ argues that paying informants furthers hate, and that this makes the use of paid informants fraudulent, won’t the SPLC’s lawyers simply demonstrate how those efforts contributed to these groups no longer being around? If the SPLC propped up the National Alliance to defraud donors, why is it essentially defunct? Why does the once robust Aryan Nations group no longer exist?
If you’ve read this far and assumed I have an incentive to support my former employer, I don’t. I have a different life now — with a book out, a podcast and teaching. After producing some of the SPLC’s more notable investigative stories from 2018 to 2023, I’ve repeatedly criticized them in media appearances.

As chronicled in my book, “Strange People on the Hill,” the SPLC settled with me out of court after I raised allegations of racial discrimination and union busting against them. I have also publicly accused the organization of deliberately taking a lower profile during President Donald Trump’s second term — hoping to evade the kind of targeting that is befalling it now. The SPLC has done many things over the years, good and bad. It has been invaluable in tracing how MAGA brought fringe racist ideas into the mainstream conservative movement. It has also been clumsy, reactionary and, at times, foolish. This program involving paid informants may indeed be one of those clumsy and foolish chapters.
But to understand why a weaponized DOJ might choose this particular case amid all of the white-collar crimes it isn’t pursuing in America today, you first need to understand the narrative that’s been built around the SPLC for years — and how useful it has become to the corrupt men who run this country.
Michael Edison Hayden
Michael Edison Hayden is a leading expert on far-right extremism in the United States. His debut book, “Strange People on Blue Light News”— a chronicle of a West Virginia town in the five years following a white nationalist group’s purchase of a local castle — will be published by Bold Type Books/Hachette on April 7, 2026. Hayden also co-hosts the podcast, “Posting Through It,” with new episodes released every Monday and Thursday.
The Dictatorship
Judge temporarily strikes down Virginia’s redistricting referendum
A Virginia judge on Wednesday blocked the certification of a redistricting referendum that allows the state to redraw its congressional and legislative maps, less than 24 hours after voters approved the measure.
The rulingissued by Tazewell County Circuit Court, halts state officials from finalizing the results of the ballot measure, which sought to overhaul Virginia’s redistricting process.
This latest move prevents the Virginia Department of Elections and other officials from implementing the new redistricting referendum unless it is overturned by a higher court.
Other states attempting similar redistricting moves have faced lengthy legal battlesleaving the ultimate outcome uncertain.
Tazewell County Circuit Court Judge Jack Hurley ruled Wednesday that the redistricting referendum violated parts of Virginia’s Constitution, including how such amendments must be approved and submitted to voters.
Hurley said the proposal had not been properly authorized by the General Assembly before being submitted to voters. The judge also called the ballot language “flagrantly misleading” and did not accurately describe the measure to voters.
The attorney general’s office said in a statement that it plans to immediately appeal the decision.
“As I said last night, Virginia voters have spoken, and an activist judge should not have veto power over the People’s vote,” Attorney General Jay Jones said in a statement. “We look forward to defending the outcome of last night’s election in court.”
Redistricting has long been a contentious issue in Virginia, as in many states, with debates often centered on partisan gerrymandering and the fairness of electoral maps.
The move was considered a victory for Democrats and could offer a potential boost for the party as they head into the midterms because the proposed redraw could expand their advantage to 10-1.
For now, the judge’s order leaves Virginia’s redistricting process unchanged and raises new questions about the viability of reform efforts moving forward. Both sides are likely to press ahead with a prolonged legal fight.
The Virginia Supreme Court paused an earlier rulingby Hurley ahead of the referendum, which allowed Tuesday’s vote to move forward while it reviews the case, which remains pending.
Ebony Davis is a breaking news reporter for MS NOW based in Washington, D.C. She previously worked at BLN as a campaign reporter covering elections and politics.
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