Trump’s $340 Billion Cabinet: An Oligarchy Takes Shape
Donald Trump’s 2024 administration will be comprised of at least 11 billionaires or those closely associated with billionaires, representing the wealthiest US administration in history with a collective net worth exceeding $340 billion. This includes prominent figures like Elon Musk, tasked with cutting public spending, and several nominees for key cabinet positions requiring Senate confirmation. The composition starkly contrasts with the significantly less wealthy Biden administration and raises concerns about potential tax cuts favoring the ultra-rich at the expense of vital public services. Analysts note the irony of Trump’s populist appeal juxtaposed with his reliance on a billionaire-heavy cabinet.
John Q. Hosedrinker