During a rally in Iowa Wednesday, president Donald Trump explained why his Cabinet is filled with billionaires. He said that he doesn’t discriminate against poor people, but he just doesn’t want to work with “poor persons”.
“I love all people — rich or poor — but in those particular positions, I just don’t want a poor person,”
Trump told a crowd of supporters.
Seconds later, he asked the audience if his words made any sense, and promised to offer an explanation to the explanation if they insisted. “But I like it better this way,” the President added.
Billionaire Wilbur Ross, who built an empire from reviving dying companies, serves as commerce secretary. Billionaire Todd Ricketts who co-owns the Chicago Cubs is the assistant commerce secretary.
Billionaire Betsy DeVos serves as education secretary, while former Goldman Sachs Steven Mnuchin is in charge with the Treasury Department. When somebody asked why would he appoint a rich person to run the economy, Trump, who is also a billionaire, replied that that was the kind of thinking his Cabinet wants.
The Rich Aren’t After the Money
He believes that the rich aren’t there after the money and they could better represent the country’s interests. Trump underlined that his Cabinet members gave up their well-paying jobs to fill in the positions.
Ross led the private equity firm WL Ross & Co, used to be chair of the Bank of Cyprus, and sit on the boards of several companies. Ross resigned from all boards to stay away from any conflict of interest. Trump’s Secretary of State Rex Tillerson is a former Exxon Mobil chief executive with deep financial ties with Russian energy moguls.
Trump’s Cabinet members’ combined wealth is more than $9,5 billion, which is more than what 43 million middle-class households own.
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