The super-rich have long played a role in U.S. politics but have an unusually prominent spot in incoming President Donald Trump’s new administration. President Joe Biden’s farewell warning about a tech-fueled “oligarchy” is due to that. Biden and his fellow Democrats have also long been supported by billionaires, but not in the same direct way or with the same dynamics of threats and demands for loyalty that come from Trump. The use of the term “oligarchy” harkens to Russian politics.
Trump To Be Flanked By Tech Billionaires At Inauguration
January 17, 2025 5:02 am