For Immediate Release
Monday, January 20, 2024
Patriotic Millionaires: America’s Decline is Far From Over with Trump and Musk’s Oligarchy
“We’ve been saying that America is an oligarchy for some time now. But it has never been clearer to us than on this fateful day in American history, as we watched a billionaire president get sworn in flanked by the country’s wealthiest and most powerful oligarchs.”
WASHINGTON, DC – Today, President Donald Trump was officially sworn in as the 47th President of the United States.
In response, Morris Pearl, Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., said:
“In his inaugural address, Trump said, ‘As we gather today, our government confronts a crisis of trust. For many years, a radical and corrupt establishment has extracted power and wealth from our citizens, while the pillars of our society lay broken and seemingly in complete disrepair.’ He was right, but failed to mention that he – along with his administration of billionaires, led by his Co-President Elon Musk – will undoubtedly make that crisis of trust worse. If Trump gets his way with his proposed policy changes, the so-called ‘swamp’ will get swampier, the rich will become richer, the poor will become poorer, and what’s left of our democracy will fade from view.
We’ve been saying that America is an oligarchy for some time now. But it has never been clearer to us than on this fateful day in American history, as we watched a billionaire president get sworn in flanked by the country’s wealthiest and most powerful oligarchs. Despite what Trump may say, America’s decline is far from over with so much wealth and power concentrated in so few hands.
We anticipate the next four years to be arduous, but the Patriotic Millionaires will continue to fight to create a political economy that works for everyone – not just the members of President Trump and Co-President Elon Musk’s oligarchy.”
For interview requests with Morris Pearl or other members of the Patriotic Millionaires, please contact Emily McCloskey at emily@patrioticmillionaires.org.
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