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Will new legislation be introduced to limit wealth concentration in government by end of 2025?
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Trump's Incoming Administration to Feature 14 Billionaires, Wealth Exceeds GDP of Finland, Chile, New Zealand
Dec 6, 2024, 03:27 PM
President-elect Donald Trump is poised to establish the wealthiest cabinet in U.S. history, surpassing the record set during his first administration in 2016. His incoming administration will include at least 14 billionaires, whose collective wealth exceeds the GDP of numerous countries, including Finland, Chile, and New Zealand. This unprecedented assembly of wealth raises questions about Trump's populist image, as he has recruited a team that seemingly contradicts his appeal to working-class voters. Notably, the wealth of these cabinet members is described as 'mind-boggling,' further emphasizing the financial power within the new administration.
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