POTUS Declares ‘Too Much Income Disparity’ in Wake of COVID-19
Wait…wasn’t that Bernie’s thing?
Donald Trump is responding to Americans’ COVID-19 catastrophe in a bold new way this week, and lamenting some of the nation’s most successful people in the process.
In this time of great uncertainty, a great many small business are closed – either via government mandate or out of concern for the safety of their employees. This has led to an unbelievable drop in America’s economy, and pushing pundits and economists alike to push for a hastening of the reopening process.
Meanwhile, some within America have taken advantage of the economic downturn, and President Trump has taken notice.
President Donald Trump criticized America’s top billionaires on Saturday for massively increasing their net worth during the coronavirus pandemic.
“I actually agree with this,” Trump wrote on Twitter. “Too much income disparity. Changes must be made, and soon!”
What was it that piqued Trump’s interest?
The president shared a Business Insider video showing the net worth of wealthy CEOs like Amazon’s Jeff Bezos, whose net worth rose by an estimated $48 billion from March to June. The video lists billionaires such as Zoom founder Eric Yuan boosting his net worth of $2.5 billion, while former Microsoft CEO Steve Balmer’s net worth increased by $15.7 billion, Casino magnate Shelden Adelson’s increased by $5 billion, and Elon Musk’s increased by $17.2 billion.
Trump has never before publicly discussed income disparity in such terms, leading many to wonder if the President’s view on the subject has changed dramatically in recent weeks.
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