Trumps oligarchy: 'working class' cabinet worth $35 bn

Support for the white working class? The prospective cabinet for Donald Trump is equal to that of 100 countries' combined GDP...whilst the average Americans' wage is $55,000.

Trumps oligarchy: 'working class' cabinet worth $35 bn

World Bulletin / News Desk

Donald Trump's campaign bet on swinging voters where in states like Michigan, Wisconsin, and Pennsylvania he won on the back of unprecedentedly strong support from white working-class voters. Despite his anti-establishment agenda however a report in Politico reveals that according to Trump's own wealth estimate and  looking at the potential figures in his cabinet, the combined wealth is said to be in excess of $35 billion.

A think tank in the UK,  Resolution Foundation, analysing the figures made a correlation between income and support for Donald Truump. Sociodemographic factors, particularly race and education, ended up being more important explanations of the unexpected Trump surge.

Trump pulled off his shocking win over Hillary Clinton in large part by tapping into the grievances and winning just enough voters in Wisconsin, Pennsylvania and Michigan that he understood their frustration with a “rigged” economic system that he said favored Wall Street elites and Washington insiders over average workers who feel left out of the current economic expansion.

If Trump's worth is over $10 billion - he has refused to release his tax returns - that combined with the $5.1 billion that the family of education secretary appointee Betsy DeVos (no education degree, doesn't believe in public education, and has never taught a class) boasts, the duo’s total wealth is already ahead of 79 countries’ GDPs.

Add the $14.9 billion of oil baron Harold Hamm, a Trump advisor and rumored energy-secretary pick, plus potential commerce secretary and “king of bankruptcy” Wilbur Ross, who is worth $2.9 billion, and you’re sitting at the same table as oil-rich Bahrain’s $32.2 billion. When you factor in the comparatively paltry bank balances of leading contenders for secretary of state, Mitt Romney ($230 million when estimated in 2012) and Rudy Giuliani (believed to be in the tens of millions) and you have an oligarchy.

“These picks are a betrayal of his message to working class voters,” said Neera Tanden, president of Center for American Progress and a close Clinton confidante. “Trump claimed he would fight the global elite billionaire class, instead he's handing them the keys to agency after agency.”

Spokespeople for Trump’s transition team did not respond to a request for comment.

source: Politico/Quartz.


Last Mod: 27 Kasım 2016, 21:48
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