blind trustnoun blind trust plural noun blind trusts a financial arrangement in which a person in public office gives the administration of private business interests to an independent trust in order to prevent conflict of interest . Under the trust , the owner does not know how the assets are managed . The management of the assets is the key point . Sure he knows where his towers are located , but if he is not at the helm of the business then it become much harder to coordinate which you are not supposed to do with a blind trust to take advantage of any loopholes or incentives he does create in office . Your argument could be applied to stock too . If you know what stock you are invested in how would a blind trust change this ? You could still just give tax breaks to whatever sector you are most heavily invested in .