- cross-posted to:
- nyt_gift_articles@sopuli.xyz
- cross-posted to:
- nyt_gift_articles@sopuli.xyz
Why would billionaires support Trump? It’s not as if they’ve done badly under President Biden. Stock prices — which Trump predicted would crash if he lost in 2020 — have soared. High interest rates, which are a burden on many Americans, are if anything a net positive for wealthy people with money to invest. And I doubt that the superrich are suffering much from higher prices for fast food.
Wealthy Americans, though, are surely betting they’ll pay lower taxes if Trump wins.
You can find their representatives saying exactly that:
Kathy Wylde, president and CEO of the Partnership for New York City — a nonprofit organization representing the city’s top business leaders — said Republicans have conveyed to her that they consider that “the threat to capitalism from the Democrats is more concerning than the threat to democracy from Trump.”
Which is why billionaires are bribing Trump
Power is surely a factor, but I think money is still a major driving force. When a person gets to a certain level of wealth, they seem to develop a mental illness. It’s like an addiction that compels them to constantly try to get more. There is no level of wealth that is enough to satisfy them.
I think the mental illness is developed well before amassing such wealth. It’s one of the reasons they are able to gain it in the first place. Wealth is the end result, not the cause.