Welcome to the paradise of the rich. The US will once again reward its great fortunes. Is it fair after decades of widening inequality gaps in the world and in the main market on the planet? For donald trump (declared tax evader, instigator of the attack on the Capitol for not recognizing his 2020 electoral defeat against Joe Biden, and unscrupulous scourge of the tension that has restored a climate of hostility unleashed among North American citizens), justice is not relevant; only interested in power.
And the Republican leader will have it in the next 4 years, with a legislature of his political hue and without the slightest internal contestation; with a Supreme Court that ordered as it pleased in its previous mandate and that has granted it impunity for the attempt to subvert the result of the 2020 polls and break the American democratic system. In addition to ignoring several of their multiple accusations in the courts or giving free rein to the prohibition of abortion to the states that consider it so.
In this environment, The powerful feel even more invincible, and the smartest in the class, Elon Musk, always stands out. No other billionaire has helped Trump return to the White House more than the owner of Tesla and SpaceX. He officially disbursed up to 130 million for his presidential race. In exchange, will have the mission of drastically cutting federal institutions and agenciesreduce to a minimum – even more – the pyrrhic Welfare State of the most powerful country on the planet and end any vestige of federal aid or subsidies, direct or indirect, from the Biden Administration for the energy transition or reindustrialization.
The future tenant of the White House has agreed with Musk tocorrect the overflow of the deficit and debt with the scissors of government adjustments (of 5.8 trillion dollars and 7.74 trillion, respectively) in the next decade, in which its new tax reduction for companies (which will leave its tax rate at 15%, with an arsenal of exemptions and deductions) and individuals will once again leave the Treasury’s coffers shivering, as predicted by the Penn Wharton business school.
“Count on it,” responded the greatest fortune on the planet, who saw the value of Tesla rise 15% on the first post-election day and increased his assets by 26.5 billion the day of the proclamation of his political mentor as the winner at the polls, while X, the old Twitter, broke the record for messages from its users.
Musk starred in several of the Republican leader’s most important rallies. He supported him after the attack in Pennsylvania, and in other subsequent events in this crucial swing state that he won at the polls. He appeared at Madison Square Garden, leaving the future vice president, JD Vance, in the background. And he flew in his private jet after voting in Texas (where he has redirected his large Tesla factory and wants to move X and SpaceX for the tax benefits promised by his authorities), to Mar a Lago, Trump’s residence in Florida, to continue with him on election night.
His involvement with Trump led him to donate $1 billion to Early Vote Action, an organization dedicated to registering Republican voters, to consummate his victory in a state that denied him victory in 2020.
‘Quid pro quo’, Trump’s ‘leitmotiv’
Musk has a lot to gain from the new administration. SpaceX, one of the six emblematic firms of its empire, is a vital and increasingly strategic partner of NASA and the Department of Defense, from where it obtains billion-dollar businesses, while Tesla has just launched prototypes of autonomous robotaxis that face initiatives demanding regulations that could be relaxed.
Trump already handed over the reins of the Treasury in his first term to Steve Mnuchinformer director of Goldman Sachs, who undermined the Dodd Frank Act approved under Barack Obama’s first term, which separated the commercial and private banking business and increased consumer rights to recover losses from subprime mortgages.
In this second term he can give some role in his Administration to Musk, who has promised to cut 2 billion from the federal budget (as much as the Italian economy), without previous experience in the public sector and with a long list of accusations against regulatory and supervisory entities or antitrust and free competition laws. Furthermore, your interests in cryptocurrencies or in the development of your Grok chatbot on your social network a direct interlocutor of Trump’s promised deregulation of the cryptocurrency business and regulations on Artificial Intelligence (AI) that Musk wants it to be lax.
Bezos and the gag on the ‘Washington Post’
Jeff Bezos He is another tycoon with a wide catalog of pending issues with the Oval Office. The former CEO of Amazon and current owner of Washington Post (the iconic newspaper that revealed the Watergate case, and to which prevented him from requesting a vote for any of the candidates for the White House) was one of those who was quick to congratulate the Republican leader for “his extraordinary political return.” Bezos took care to avoid last-minute mishaps in the serious press, as Musk did on social networks (X played a determining role with his decision to allow hoaxes without limits, attracting Trump again among his users and granting credibility to fake news). It is the first time that Washington Post has not opted for a presidential candidate in decades. He defended Obama in 2008 and 2012, Hillary Clinton in 2016 and Joe Biden in 2020.. But Bezos came forward to emphasize that “it was not any type of outstanding debt” for having opted for Democratic leaders since the credit collapse of 2008.
Bezos, protagonist of one of the most expensive divorces in US history, congratulated “the 45th and 47th president of the US” whom he defined as the architect of “no other nation having more opportunities” and the only politician capable of ” unite the America we love.”
Companies such as Blue Origin, from the aerospace sector, with its CEO Dave Limp and its vice president of Government Relations, Megan Mitchel, met with Trump on the same day that the post took over Bezos’ censorship. In 2016, the renewed president warned Amazon, with Bezos still at the helm, that it “would have problems” and criticized the “lobbying” exercised by the newspaper during the 2019 election campaign.
The commitment of Kamala Harris to combat the large monopolies with regulations that move away from their market domains would be behind this drastic change of support from the distribution giant. Although Bezos will leave his executive functions in 2021, after 17 years at the helm.
Mark Zuckerberg He also plays it safe with Trump. In 2016 and 2020, Facebook was under severe social scrutiny. Now, like Meta, despite the washing of the corporate image, its list of networks, which complete WhatsApp and Instagram, and the serious criminal signs for rejecting the advice and filters of its technological executives to prevent fraud and criminal attempts from being committed among its users -especially among minors- and the involvement with Cambridge Analytica and Russia in the change of course of Brexit, the Supreme Court freed its president from charges.
Meta is another of the companies monitored by harsh laws anti-trust from USA that, with Trump, it could benefit from regulatory changes or judicial decisions of dubious impartiality. Already in 2019 he publicly supported Trump, whom he said after being a victim of last summer’s attack that he was a politician of “impressive” courage. And, of course, he welcomed him last 5N.
Silicon Valley-Wall Street-Old Economy Connection
Howard Lutnickthe billionaire co-president of Cantor Fitzgerald, one of the boutique capital firms among the jet set United Stateswas one of the first rich people Trump served. Like other mega-donors to their cause, they did not abandon even on the day of insurrection on January 6, 2021, when the assault on the Capitol took place. Among them, Stephen Schwarzman, founder, president and CEO of the Blackstone fund, and Nelson Peltz, one of the partners at Trian Partners, hedge fund of aggressive investments such as those directed at crypto assets, swaps, derivatives or structured assets that caused the 2008 financial crisis and which the IMF described as “toxic securities.”
“All the big donors to the Grand Old Party (GOP) are for specific reasons,” says Mike Lux, from the consulting firm Democracy. Bloomberg. To all of them -specifies- “Trump has told them, without embarrassment, that if they provided millions of dollars to his political endorsement, he would do whatever was necessary to regulate as they saw fit.“. Or Musk, who would choose the position in which he deemed it most appropriate to “apply the budget scissors.”
Ken Griffin (Citadel), the philanthropist, millionaire and political activist Ron Lauder or Thomas Peterffy, the owner of Interactive Brokers, of Hungarian origin and declared enemy of George Soros due to his liberal profile, little neoconservative and Democratic donor, were among the first to contributing his checks when he won the Republican nomination last March.
The values of all of them grew this week on the stock market. The 10 greatest fortunesas revealed by Bloomberg Billionaires Index, They increased their investment portfolios by 63.5 billion the day Trump proclaimed his victory. In a day that, in general, promoted values linked to AI, crypto assets or bigtechs. Marca Andreesen, a venture capital investor with whom the new tenant of the White House shared frustrations during the Biden Administration, is one of those who will surely obtain positive news for his interests. The powerful SEC – the American CNMV – investigates Coinbase Global, of its holding company Andreessen Horowitz. In the same way that the Federal Trade Commission does with Amazon or Meta.
Silicon Valley is becoming right-wing. Without scruples. While investment firms and the oil industry keep their connections with the GOP intact. Trump’s technological agenda and predisposition to satisfy his favorite lobbies are weapons of mass seduction.
Especially if, like the bigtechshave changed their jackets at a crucial moment for the rapid advance of AI, crypto and military technology occupying Trump’s regulatory preferences in a strategy designed in line with the ultra-conservative Heritage Foundation.
Silicon Valley and Wall Street are also joined by the Old Fossil Economy. Three of its billionaires – Harold Hamm of Continental Resources, Jeff Hildebrand of Hilcorp Energy and Kelcy Warren of Energy Transfer – have been faithful donors. Like Miriam Adelson, the largest shareholder of Las Vegas Sands, or banker Timothy Mellon. “Trump has openly expressed his desire for revenge“recalls Lux, for whom, “there is concern about his return, about what he thinks and about the actions that his governmental bodies are going to develop and impose.”
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