May
2012
Tuesday, May 17, 2011
Christopher Caldwell, Newsweek
Submitted by: Kevin J. Ziruolo

Your Next President May Be A Billionaire Yahoo

Why do so many Americans apparently long to be led by a super-rich yahoo?

[excerpt] Why do certain members of the public might wish to be governed by a billionaire yahoo?

For that, it is just as important to look at the supply side. Trump’s candidacy comes from a sociological fact—the steady rise of plutocracy over the last quarter century—as well as a public sentiment.

The difference between then and now is that the plutocratic universe has expanded enormously. There were 71 billionaires on the Forbes 400 list when Perot declared, and Perot was among the very richest—he had been one of 13 billionaires on the original list in 1982. Today there are more American billionaires than one can even fit on a list 400 names long. Trump, with a fortune estimated at $2.4 billion to $2.7 billion, is merely the 153rd-richest American, and the roll of potentially self-financing candidates is longer than that.

We all know businessmen are honest and capable of leading.

Posted by Editor on 05/17/11 at 05:46 AM •  (0) Comments

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