Why is a group of billionaires working to re-elect Trump?

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 98%

Australia Headlines News

Australia Latest News,Australia Headlines

Oligarchs like Elon Musk and Peter Thiel aren’t just hostile to progressivism. They’re hostile to American democracy itself

held a secret dinner party of billionaires and millionaires in Hollywood last month. Its purpose: to defeat Joe Biden and re-install Donald Trump in the White House.by the New York Times, Musk has posted about the president at least seven times a month, on average, this year. He has criticized Biden on issues ranging from Biden’s age to his policies on health and immigration, calling Biden “a tragic front for a far left political machine”.

Some of this aligns with Musk’s business interests. In India, he secured lower import tariffs for Tesla vehicles. In Brazil, he opened a major new market for Starlink, SpaceX’s satellite internet service. In Argentina, he solidified access to lithium, the mineral most crucial to Tesla’s batteries. Speaking from the World Economic Forum’s confab last January in Davos, Switzerland, Jamie Dimon – chair and CEO of JPMorgan Chase, the largest and most profitable bank in the United States, and one of the most influential CEOs in the world – heaped praise on Trump’s policies while president.

Not incidentally, the 1920s marked the last gasp of the Gilded Age, when America’s robber barons ripped off so much of the nation’s wealth that the rest of the US had to go deep into debt both to maintain their standard of living and to maintain overall demand for the goods and services the nation produced.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: theage - 🏆 8. / 77 Read more »

Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: smh - 🏆 6. / 80 Read more »

Price, speed and Elon Musk: why some Australians are ditching the NBNWhile politicians argue over who to blame for a decline in Australia’s broadband uptake, customers are seeking more affordable ways to get online
Source: GuardianAus - 🏆 1. / 98 Read more »

Donald Trump mulls ‘advisory role for Elon Musk’ if he wins White HouseThe pair have held talks on a possible advisory role for the Tesla billionaire in a Trump presidency, a sign their once-frosty relationship has thawed.
Source: FinancialReview - 🏆 2. / 90 Read more »

Numbers game: why rankings matter in tennis – and why they can distractFor Tsitsipas they are a motivation, for Keys a joyless diversion, but in an age of live updates they loom large for all players
Source: GuardianAus - 🏆 1. / 98 Read more »