Donald Trump is staffing his administration with billionaires and crypto dudes, creating a government that serves only the wealthy.
When Donald Trump takes office on January 20, alongside an administration stocked with billionaires and crypto dudes, he’ll be ushering in a grim new form of power. Let’s call it a bro-ligarchy. Oligarchies are governments in which power is concentrated among a small group of people, often relying on oppression or coercion to consolidate their rule and use their power to enrich themselves.
Additionally, Forbes reported that crypto billionaires like Tyler Winklevoss, Cameron Winklevoss, and Marc Andreeson all publicly backed Trump in 2024 too. As is the case with Musk, Trump will likely repay the super-rich for their obsequiousness, and not just via tax cuts ; he’s already tapped more than a dozen billionaires for potential roles in his administration, including Musk and WWE cofounder Linda McMahon. Even the non-billionaire picks seem poised to benefit.
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