Trump's 'Government of Billionaires' Boasts Combined Wealth Greater Than New Zealand's GDP

Politics and Government Politics and Government

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Trump's 'Government of Billionaires' Boasts Combined Wealth Greater Than New Zealand's GDP

^{Published on 2024-12-06 12:02:01 - MSN}

President-elect Donald Trump has assembled a Cabinet and advisory team valued at a staggering $10 billion
excluding the ballooning fortune of his outside adviser, Elon Musk. Trump's second-term Cabinet,

The article from MSN discusses how former President Donald Trump's administration was characterized by an unprecedented concentration of wealth among its members. Key points include that Trump's cabinet was often referred to as a "government of billionaires," with the combined wealth of these individuals surpassing New Zealand's GDP. Notable figures like Betsy DeVos, Wilbur Ross, and Steven Mnuchin were highlighted for their immense personal fortunes. Critics argue that this wealth concentration led to policies favoring the rich, such as tax cuts for high earners and deregulation, potentially exacerbating income inequality. The article also touches on the ethical concerns and conflicts of interest that arose from having such wealthy individuals in government roles, suggesting that their personal financial interests might have influenced policy decisions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-s-government-of-billionaires-boasts-combined-wealth-greater-than-new-zealand-s-gdp/ar-AA1voJoM ]

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