Guardian: Trump has formed a cabinet of billionaires

According to RCO News Agency, Donald Trump, the president-elect of the United States, has gathered a sufficient number of American billionaires and multi-millionaires to play key roles in his future government and act like a football team.

In a hiring process that appears to make a mockery of his campaign slogans for working-class voters, Donald Trump has tapped a group of wealthy and high-profile supporters for key positions that in some cases have the power to cut spending on public services. which is used by the poorest and most vulnerable people.

According to the Guardian newspaper, at least 11 of those who have been selected for strategic positions after Trump’s return to the White House in January have either reached the position of a billionaire themselves or have billionaire spouses or are close to this position.

Therefore, it can be concluded that Trump’s cabinet will be the richest administration in the history of the United States, with the assets of its members amounting to $340 billion as of last week, before Trump increases the financial value of his cabinet by trying to appoint at least three more billionaires. to increase

The collective wealth of his incoming administration easily surpasses that of the first Trump cabinet formed after his 2016 election victory. At the time, it was also the wealthiest U.S. cabinet ever formed, with super-rich members such as former ExxonMobil CEO Rex Tillerson, who was named secretary of state, and Commerce Secretary Wilbur Ross, who helped restructure bankrupt companies. He had become rich.

The richest and most prominent person of the future Trump administration is the entrepreneur Elon Musk, the owner of Tesla and the owner of the X social network, who is considered the richest person in the world.

Next to Musk is Vivek Ramaswamy, another tech entrepreneur whose fortune is said to be worth at least $1 billion. They have been chosen to lead the newly created government efficiency department, known as the Doge, whose mission is to reduce wasteful public spending.

Musk, an outspoken spendthrift, has pledged to cut $2 trillion from the national budget. He did not explain how or over what period this would be done, but warned that it could lead to “temporary economic problems”.

Neither Musk nor Ramaswamy need Senate confirmation, as Doge is not an official government department or agency.

The Guardian continued: In any case, Trump has not shied away from introducing billionaire cabinet members who must participate in the general sessions of the Senate and their wealth may become a topic of discussion.

These people also include Linda McMahon, a candidate for the Department of Education and a former executive of World Wrestling Entertainment, whose husband, Vince McMahon, is worth about $3 billion. The name of Doug Burgum, the governor of North Dakota and a former businessman, is also seen, who has been chosen as the secretary of the interior. Howard Lutnick, chairman and chief executive of Cantor Fitzgerald, is another nominee for commerce secretary, and Scott Bessant, a hedge fund manager and former Soros Investment Management partner, is being considered for the Treasury Department.

Their combined assets alone are said to be $10.7 billion, $4.5 billion more than Trump’s first cabinet.

The British newspaper also pointed to other people who have been selected for lower-level posts, all of whom, according to Forbes, are billionaires either individually or through marriage or family ties, including Charles Kushner, Trump’s son-in-law and tycoon. Boghor, who is approved by the Senate and will probably become Washington’s ambassador in Paris.

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