Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.
Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.
Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.
I get your point but I don’t think that’s equates to being a bad person. At least the two folks I mentioned as examples are doing major philanthropy with their funds and I don’t think not earning the money is a bit different than just straight up calling them parasites. It’s a systemic issue that we as a society need to work on together rather than all the hate and division that has driven a lot of countries to populism.
The change handed out by billionaires as philanthropy is PR to keep them from paying their fair share in taxes. Calling them a parasite class is completely accurate— they couldn’t have earned that much wealth without exploiting both the laborers who created it and the society that their extreme horde inherently destabilizes. If they paid their fair share in taxes, then their donations would be appreciated.