News@lemmy.worldEnglish · 24 days ago

Trump assembling US cabinet of billionaires worth combined $340bn

www.theguardian.com

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Trump assembling US cabinet of billionaires worth combined $340bn

www.theguardian.com

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News@lemmy.worldEnglish · 24 days ago

President-elect tapping mega-rich backers for positions that will give them power to cut spending on public services

Summary

Donald Trump is assembling the wealthiest U.S. administration in history, with a cabinet of billionaires and multimillionaires worth a combined $340 billion.

High-profile appointees include Elon Musk and Vivek Ramaswamy for a new government efficiency role, alongside billionaires Linda McMahon, Doug Burgum, and Scott Bessent in key cabinet positions.

Critics argue this contrasts sharply with Trump’s working-class rhetoric, with analysts warning of policies favoring the wealthy at the expense of public services like education and social security.

Backlash over inequality and budget cuts is anticipated.

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24 days ago
And I bet one of the qualifications for being nominated is buying a portfolio of Trump NFTs…

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