27.6 C
Houston
Wednesday, August 12, 2020

Donald Trump Demands Change: ‘Too Much Income Disparity’ After COVID-19

- Advertisement -
- Advertisement -

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!”

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.

This is the first time the president has indicated that a growing wealth disparity was a problem in the United States that needed to be fixed.

The nine-minute video focuses on how the wealthy typically receive big financial profits during times of economic crisis and experience big tax cuts and breaks and store their money in offshore accounts.

The video also proposes forming a Pandemic Profiteering Oversight Committee, more regulations to keep billionaires from offshoring their profits, including an emergency ten percent millionaire income surtax, a wealth tax, a progressive estate tax, and dramatic federal spending on charities.



Breitbart

- Advertisement -

Latest news

- Advertisement -

Sea life around Mauritius dying as Japanese ship oil spill spreads

Mauritian volunteers fished dead eels from oily waters on Tuesday as they tried to clean up damage to the Indian Ocean island’s most pristine...

Engdahl: Towards A US-China War? The Creation of A Global Totalitarian “One World Government” System?

Authored by F. William Engdahl via GlobalResearch.ca, If we step back from the details of daily headlines around the world and try to make sense...

Fixing unemployment insurance shouldn’t be so hard

One of the underlying issues that surfaced during our nation’s response to this economic...

Related news

Biden VP Pick Kamala Harris Voiced Support for Defunding the Pentagon in July

Sen. Kamala Harris (D-CA), who was tapped Tuesday as former Vice President Joe Biden’s vice presidential pick for 2020, recently voiced support for defunding...

CNN Suggests Joe Biden Could ‘Step Aside’ for Kamala Harris

CNN editor-at-large Chris Cilizza suggested Tuesday that former Vice President Joe Biden would “step aside” to elevate his new running mate, Sen. Kamala Harris...

Harris Urged Supporters to Donate to Group Pushing Defunding Police

Sen. Kamala Harris (D-CA) earlier this year urged supporters in the wake of protests over George Floyd’s death to donate to a group pushing...

Kamala Harris’s Final Poll Number in Home State of California: 7%

Sen. Kamala Harris (D-CA) emerged as former Vice President Joe Biden’s running mate on Tuesday. But her presidential campaign was a disaster: even in...
- Advertisement -