JDTulane
Sazeracs and Retirement
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Joined: Nov 2010
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Trump’s 17 cabinet picks have more money than a 1/3 American households combined
http://qz.com/862412/trumps-16-cabinet-l...-combined/
Quote:The 17 people who US president-elect Donald Trump has selected for his cabinet or for posts with cabinet rank have well over $9.5 billion in combined wealth, with several positions still unfilled. This collection of wealth is greater than that of the 43 million least wealthy American households combined—over one third of the 126 million households total in the US.
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It is worth noting that almost 13% of American households have zero or negative wealth because of debt, so we are adding together these households with those that have at least some wealth.
Even if we just compare the wealth of Trump’s cabinet to the median household, it is still an impressive concentration of riches. It would take about 120,000 households with the the United States median net worth of about $83,200 to match the wealth of just the four richest members of Trump’s cabinet—Betsy DeVos, Wilbur Ross Jr., Linda McMahon, and Rex Tillerson.
Trump Supporter: "They are successful business people, thats why they are so rich.. we should have them running our goverment"
Friend of reddit said it well: I find it strange when people think that good businessmen would make good political leaders... and yet business and the state often have opposite goals: one is entirely self-interest and one is intended to be for the common interest.
If we lose this balance and all power is concentrated in the hands of self-interest, I think we'll be ******.
Drain the swamp and fill it with ****.
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12-15-2016 12:09 PM |
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