Wikipedia: Oligarchy is a form of government in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control.
Key points about the growth of billionaires:
Significant increase: The number of billionaires has more than doubled in the past decade.
Key points about the shrinkage of the Middle class:
According to most data, the American middle class has not grown in the last decade; instead, it has been shrinking, with the share of Americans considered middle class declining significantly compared to previous decades. To be more specific, according to Pew Research Center, the share of adults in middle-income households fell from 61% in 1971 to 50% in 2021.
It is all about influence and the new "The American Oligarchy's" ability to influence elections, policy and rig the system to their benefit.
Trump has tapped an unprecedented 13 billionaires for his administration.
Even discounting Musk ($439 billion), Trump's cabinet is still expected to be the wealthiest in history, with reported billionaires Howard Lutnick nominated as commerce secretary, Linda McMahon nominated as education secretary, and Scott Bessent nominated as treasury secretary. Together, Trump's expected cabinet is worth at least $7 billion.
Trump like to compare himself to Andrew Jackson, who led the nation from 1829 to 1837, was self-made, the first “common man” to be elected to the presidency; he was referred to as the “people’s president.”
Who You Surround Yourself With Determines Who You Are As A Person.
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