Trump worried about the income gap between billionaires and ordinary Americans

Measures must be taken to reduce the income gap between billionaires and ordinary Americans, US President Donald Trump said.

He commented on a Business Insider report that, amid the spread of the coronavirus, “40 million Americans have applied for unemployment benefits,” and “the net asset value of billionaires has increased by half a trillion dollars.”

Trump said he “agrees with this.” He admitted that the “income gap” is now “too big.” According to him, “changes should be made in the near future.”

The non-governmental organization Institute for Policy Studies writes that many US residents face serious financial difficulties due to the coronavirus. At the same time, from the beginning of 2020 to April, “the fortune of 34 of the 170 richest billionaires in the United States increased by tens of millions of dollars.”

The day before, data on Trump’s income for the year was published. It was reported that in 2019, the US President received 446 million dollars, which is 2.6% more than in 2018.
Recall that Trump promised the onset of a “Golden age” for the United States.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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