The presence of leading tech billionaires at Trump's second inauguration sparked debate about the influence of wealth on his administration. While Democrats accuse Republicans of favoring the rich, some argue that Trump's economic agenda actually clashes with the interests of big corporations.
At the swearing-in ceremony inside the Capitol rotunda, Trump gave better seats to Amazon founder Jeff Bezos, Tesla and SpaceX founder Elon Musk, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, TikTok CEO Shou Zi Chew, and Google CEO Sundar Pichai than he did to the people the president had nominated to fill his Cabinet.
Republican strength was concentrated in the elite, well-off suburbs of major cities, and their donors included many billionaires and corporate interests. On the other hand, the Democratic Party’s strength with voters lay with the blue-collar working class, and its donor strength, even to this day, lies with unions and in grassroots organizations. This has remained true even as a growing number of corporate and billionaire interests have embraced the party and thus tied it to Wall Street.
But the vast majority of Trump’s economic agenda runs counter to the interests of the billionaire class. His proposedwill make their goods more expensive and could force them to spend billions to ramp up domestic production to cut costs. And Vice President JD Vance is a dyed-in-the-wool populist with a history of corporate skepticism. Trump even appointed Gail Slater, a former Vance aide, to lead the Department of Justice’s antitrust division.
DONALD TRUMP BILLIONAIRES ECONOMY TECH INDUSTRY POLITICS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murphy: Trump Second Term Will Be ‘Oligarchy’ in Service of Elon Musk, Billionaire ClassSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Murphy: Trump's Second Term Will Be an 'Oligarchy' Serving Musk and the 'Billionaire Class'Senator Chris Murphy (D-CT) claimed on MSNBC's 'All In' that President-elect Donald Trump's second term will be an 'oligarchy' serving Tesla CEO Elon Musk and the 'billionaire class'. Murphy argued that Musk is seeking closeness to the White House to benefit from government policies, subsidies, and his business dealings in China. He cited Musk as an example of the billionaire class surrounding Trump to advance their own interests at the expense of ordinary Americans.
Read more »
Trump's Second Term: Populist Promises vs. Billionaire InfluenceThis article examines the early days of Donald Trump's second term, focusing on the tension between his populist appeal to working-class voters and his close association with billionaires like Elon Musk, Mark Zuckerberg, and Jeff Bezos. Some voters who supported Trump in 2024 express concern that his policies are benefiting the wealthy at the expense of everyday Americans.
Read more »
Trump's Second Inauguration Draws Smallest TV Audience Since Obama's Second TermAn estimated 24.6 million television viewers watched President Donald Trump's second inauguration, marking the lowest viewership for the event since Barack Obama's second inauguration in 2013. This figure is down from both Joe Biden's 2021 inauguration (33.8 million) and Trump's first inauguration in 2017 (30.6 million). Nielsen attributes the decline partly to the extended coverage time, which may have led viewers to tune out as the day progressed.
Read more »
Lara Trump: Donald Trump is Surrounding Himself with Trustworthy People in Second TermLara Trump, during a Breitbart Fight Club Roundtable, highlighted key differences in her father-in-law's second term compared to his first. She emphasized the importance of surrounding himself with trustworthy individuals, acknowledging that personnel issues were a challenge during his first term.
Read more »
Trump Cabinet Picks: RFK Jr.'s Confirmation Hearing and Early Polling on Trump's Second TermThis newsletter delves into the key moments from Robert F. Kennedy Jr.'s confirmation hearing for HHS Secretary, highlighting his stance on vaccines, abortion, and Medicaid. It also examines early polling data regarding President Trump's second term, revealing his improved image rating compared to his first inauguration.
Read more »