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Calfas writes: "The 17 people filling President-elect Donald Trump's Cabinet and similar positions earn more money than a third of households in America combined, Quartz reported Thursday."

President-elect Donald Trump and Department of Education head Nancy DeVos. (photo: Getty)
President-elect Donald Trump and Department of Education head Nancy DeVos. (photo: Getty)


Trump's Cabinet Picks Have More Wealth Than Third of American Households Combined

By Jennifer Calfas, The Hill

15 December 16

 

he 17 people filling President-elect Donald Trump’s Cabinet and similar positions earn more money than a third of households in America combined, Quartz reported Thursday.

The amount of wealth possessed by the 17 picks, at least $9.5 billion, is greater than the 43 million least wealthy households in America.

Quartz included Vice President-elect Mike Pence and Reince Priebus, Trump’s chief of staff, on its list.

The wealthiest members of Trump’s Cabinet include Education pick Betsy DeVos, who is worth $5.1 billion, and Commerce pick Wilbur Ross, who is worth $2.9 billion.

Trump himself would be the wealthiest president in U.S. history, and his Cabinet appears set to be at least among the wealthiest.

It is wealthier than the past two administrations.

The New York Daily News compared President Obama’s richest Cabinet members’ wealth compared with Trump’s picks, and all of them were still less wealthy than Trump’s choices for the same positions.

President George W. Bush’s entire first administration was worth $250 million — which is one-tenth of the wealth Ross possesses on his own, The Washington Post reported.

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+18 # Dust 2016-12-15 18:39
Gotta love that drained swamp!!
 
 
-26 # Old School Conservative 2016-12-15 18:41
What a horrible idea, to fill the cabinet with smart, successful, proven leaders, who are at the top of their professions to lead our country.
 
 
+24 # Dust 2016-12-15 19:23
DP?? Is that you??

So Trump's four bankruptcy declarations are a sign of success?

BWAHAHAHAHA!!!!

No - because:

1) You do NOT run a country like a business. The phrase is "promote the general welfare", NOT "allow those with wealth and power to accumulate more wealth and power.";

2) "Smart" != "rich";

3) Predatory capitalism is not the proper format for selecting a country's leaders. Those people have no interest in "promoting the general welfare" but only enriching themselves at everyone else's expense. For example, why would you appoint someone to lead the Environmental Protection Agency who has no interest in protecting the environment and has spent his entire career fighting the restrictions the EPA has presented to his accumulation of profit and power? Answer: you don't give a SHIT about the EPA and want someone to dismantle it.
 
 
+9 # jimallyn 2016-12-16 03:56
Quoting Old School Conservative:
What a horrible idea, to fill the cabinet with smart, successful, proven leaders, who are at the top of their professions to lead our country.


Quoting Dust:
So Trump's four bankruptcy declarations are a sign of success?

I thought it was six bankruptcies.

...

Yes, it was 6 bankruptcies:

Bankruptcy No. 1: The Trump Taj Mahal, 1991

Bankruptcy No. 2: Trump Castle, 1992

Bankruptcy No. 3: Trump Plaza and Casino, 1992

Bankruptcy No. 4: Plaza Hotel, 1992

Bankruptcy No. 5: Trump Hotels and Casinos Resorts, 2004

Bankruptcy No. 6: Trump Entertainment Resorts, 2009

Then there are his other business failures:

Trump Steaks
GoTrump (online travel site)
Trump Airlines
Trump Vodka
Trump Mortgage
Trump: The Game
Trump Magazine
Trump University
Trump Ice (bottled water)
The New Jersey Generals (pro football team)
Tour de Trump (bicycle race)
Trump Network (nutritional supplements)
Trumped! (syndicated radio spot)

Trump has also been involved in over 4000 lawsuits, about half as defendant and half as plaintiff.
 
 
+4 # Dust 2016-12-16 11:04
Ah! Thanks for the correction - I thought it was four.
 
 
+4 # Activista 2016-12-16 00:50
Money and oligarchs - like in Ukraine, Russia - does money defines a top of the profession?
Think that Reich, Krugman etc. are on the top of their profession.
 
 
+4 # jimbeama 2016-12-16 09:49
with few exceptions such as Goodhair Perry, these "proven" leaders have ZERO experience in government *service*. They have plenty of experience in pushing to destroy the agencies they are going to head. They also have experience as dictators which is the corporate model they grew up in.
The notion that being a good capitalist/busi ness leader translates into a good politician is non-sense. Like a star baseball player qualifies one to be a senator.
 
 
-3 # Old School Conservative 2016-12-16 16:19
Their lack of government experience is their greatest quality. The people spoke and they are tired of incompetent politicians running our country. It is not their wealth that qualifies them, that is just a byproduct of being successful.
 
 
-1 # Dust 2016-12-16 17:40
Oh, bullshit.

The next time you get on a plane, visit a doctor, or ask a contractor to fix your plumbing, MAKE SURE the pilot has never been in a plane, the doctor has never been to college, and the contractor has never seen a pipe wrench - those will be the greatest indicators you've made a good choice. REMEMBER - incompetence is the product of doing a job for a long time!

Now, if you are wanting to get rid of entrenched corruption in Washington and State legislatures, absolutely - no problem there. But why then would you hire people without any integrity or ethics? Their primary motivation is money and power in the business world, and they already have plenty of political connections.
 
 
0 # Old School Conservative 2016-12-16 18:57
What qualifies lifetime politicians to run anything? Doctors, pilots, and plumbers are trained to do what they do. CEO's have vast experience and are trained to manage large organization, people and budgets. Why do you assume that successful people have no integrity or ethics?
 
 
0 # Dust 2016-12-17 12:35
I don't assume that. I assume that THESE people appointed by Trump have no integrity or ethics because of their positions on science and their history. They are experienced at MAKING MONEY, which is the OPPOSITE of what government is supposed to do. Government is supposed to "promote the general welfare", NOT use public office to enrich its members.

The current head of the Department of Energy has a PhD in Theoretical Physics. Rick Perry has a BS in Animal Science. He is just as likely to say "Well, we're shutting down all research into non-fossil-fuel energy sources because God doesn't like them" as he is to do anything else.
 
 
+15 # DongiC 2016-12-15 21:24
I wonder what these super rich folk will do to the environment since many of them don't believe in global warming and how will they treat the poor and forgotten members of our society? The Seccretary of Labor doesn't believe in the minimum wage and the Secretary of Education home schooled her children. Its downright depressing.
 
 
+2 # librarian1984 2016-12-15 23:37
Does anyone think Sec. Clinton wasn't going to have one or four Goldman Sachs execs on her team?

I'd love to see a leak of Clinton's nominees. Imagine all the poor but virtuous people she was going to pick .. paupers with hearts of gold.
 
 
+3 # Activista 2016-12-16 01:00
[quote name="librarian 1984"]Does anyone think Sec. Clinton wasn't going to have one or four Goldman Sachs execs on her team?

I'd love to see a leak of Clinton's nominees. Imagine all the poor but virtuous people she was going to pick ..
Goldman Sachs to Extend Its Reach in Trump Administration - The ...
www.nytimes.com/.../goldman-sachs-no-2-seen-as-a-top-economic-adviser-to-trump.ht...
6 days ago - Since his election, however, Mr. Trump has stocked his future cabinet with a number of Goldman alumni, including Mr. Mnuchin, a hedge fund manager and a former Goldman trader, and Stephen K. Bannon, a former Goldman banker who is now Mr. Trump's chief strategist....
There a speculation and there are facts ... I am sure that we will get a "leak" of Clinton's nominees -
 
 
+1 # jimbeama 2016-12-16 09:55
We all know GS would be in there as they have been since at least 1992. It's the others that make the difference. She would not have had climate change deniers or people who want to destroy their agencies in her cabinet. It's nonsense that they are the same.
 
 
+1 # librarian1984 2016-12-16 22:31
I see your point and agree Trump's picks are horrendous. I guess what I want to convey is that Clinton is a Republican and it's a mistake to let the DP and O slither off under cover of this Russian bs to hide their many shortcomings.

I feel that as long as they're still trying to bamboozle US I can't not call them on it.

Do you agree the party needs to become more progressive, more concerned with economic and social justice, less concerned with corporations, WS and war?

They are blowing smoke up our collective proverbial a$$e$ and I would still like to know who is standing up to the bullies. I know it's not superdelegate Al Franken ('D'-MN).
 
 
+1 # newell 2016-12-16 08:04
Again with the Hillary?
 
 
+1 # librarian1984 2016-12-16 21:34
Well people are criticizing every breath Trump takes, as if HRC would have been a sainte. She'd have GS people and CEOs, rich people -- just like Trump, yes. And she'd have someone at EPA who would allow the fracking she'd been pushing, and someone who would give away rights to the fossil fuel companies, some of her biggest contributors.

Clinton gave a speech last night. Those present say she blamed Comey repeatedly and Russia, but never showed any insight into the mistakes she and her campaign made.

As long as that continues, yes, I am staying on HRC. This bs about Russia is being used to delegitimize Trump (which will accomplish nothing but make us look bad), and keep the DP from making any changes.

Any Democrat should be upset about that.
 
 
+4 # John Puma 2016-12-16 04:10
Re the title: indeed, and we can be sure they are in those posts precisely and exclusively to increase that ratio in their favor.
 
 
+5 # newell 2016-12-16 08:16
"Trump's Cabinet Picks Have More Wealth Than Third of American Households Combined"
-----------------------------------------------------------

"If the one third don't have any money let them spend gold."

President Antoinette Trump
 
 
+1 # John Puma 2016-12-17 04:53
Lest we ignore the REAL implication:
this means 43 million American households have an average total wealth of $221.

Now THAT'S exceptional.
 

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