Billionaires’ Support of Trump: A Closer Look

In a recent letter to the editor of the Los Angeles Times, a reader expressed gratitude for a fellow writer who shed light on why billionaires support former President Trump. The letter writer argued that the wealthy back Trump not for tax cuts, but for their altruism and his policies aimed at boosting the economy, increasing homeownership, and providing medical care.

However, the irony was not lost on the reader, who pointed out the contradictions in these claims. For example, the appointment of Steve Mnuchin as Treasury secretary, despite his controversial history as the “foreclosure king” during his time at OneWest bank, raises questions about Trump’s true intentions regarding homeownership.

Similarly, the reader highlighted the fact that Trump’s tax cuts primarily benefited the wealthy, calling into question the supposed benefits for the “little guy” and the economy. The attempted repeal of the Affordable Care Act, which could have left millions without insurance, was also seen as a questionable move under the guise of “tough love.”

With a touch of sarcasm, the reader concluded that it is now all too clear why billionaires continue to support Trump. The letter, signed by D.H. Sloan of Los Angeles, serves as a reminder to critically examine the motivations behind political decisions and the narratives put forth by those in power.