Immediately after it became known that Trump had won November’s election, the 10 richest people in the world saw their combined net worths increase by $64 billion! As their investments stood to gain from the effects of a Trump presidency, the value of their corporations and many stockholdings increased almost instantly. Elon Musk, the world’s richest person, saw the greatest increase the day after the election, gaining $26.5 billion in wealth. He had spent (merely) tens of millions of dollars to influence the election in Pennsylvania, along with using his ownership of X/Twitter to amplify support for Trump. For his efforts, he has been rewarded not only with increased wealth, but also with a role in the upcoming Trump administration, where he will undoubtedly help himself grow his wealth even further. Mark Zuckerberg and Jeff Bezos also saw large gains after the election. These centibillionaires (calling them billionaires is a severe understatement, as they are billionaires hundreds of times over) saw their fortunes increase because the deregulation, tax cuts, and overall policies that Trump is expected to implement will benefit the corporations that they hold stock in.
Yet the policies in question, such as cutting social spending and removing environmental and worker protections, will not benefit the people of the United States. What is good for oligarchs has nothing to do with what is good for us.
