
1753: Local Jamoke
KTLA Report on Billionaire Influence and Stock Market Wealth
A KTLA news segment notes that modern billionaire wealth is tied almost exclusively to the stock market, unlike the railroad and factory wealth of the 19th century. The reporter suggests that because Trump’s cabinet is the wealthiest in history, the President is more likely to listen to peers in the billionaire class when market volatility occurs. Senator Chuck Schumer is also quoted describing a "billionaire bubble" influencing Republican policy.







