Podbit · The MeidasTouch Podcast
Micron collected billions in Biden-era CHIPS Act taxpayer subsidies, then donated $250 million to Trump Accounts — funds that reinvest in the very stocks Trump promotes on social media. It's a circular grift: public money flows to corporations, then back to Trump's portfolio.
Where this was said
At 28:00 · chapter starts 22:30
The Micron episode is offered as a crystalline example of late-stage corruption. Trump posted that Micron — a 'great American company' — donated $250 million to Trump Accounts and claimed the stock rose 9 points. Both claims are false: the stock is down. [1] — Ben Meiselas "Micron received ~$3B in CHIPS Act taxpayer funds: Micron has received close to $3 billion in government incentives from Biden's CHIPS Act, …" 30:50 Meiselas traces the money: Micron was a major beneficiary of Biden's CHIPS Act, receiving close to $3 billion in taxpayer-funded incentives over recent years. That subsidy inflated the company's balance sheet. Now, with a MAGA administration in power, Micron donates $250 million to Trump Accounts — investment vehicles that buy index funds containing Micron stock — effectively recycling taxpayer money back into the company's own valuation. Trump then posts about it to boost the stock price further. It's a circular grift: public money → corporate balance sheet → Trump promotional vehicle → stock pump → Trump's own portfolio gains. Meiselas notes this same scheme worked for a while earlier in the Trump term but is now failing as even investor sentiment has soured on the manipulation.
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