US President Donald Trump signs an executive order alongside White House Chief of Staff Reince Priebus (C), US Vice President Mike Pence (L), National Trade Council Advisor Peter Navarro (3rd R), Senior Advisor Jared Kushner (2nd R) and Senior Policy Advisor Stephen Miller in the Oval Office of the White House in Washington, DC on January 23, 2017. (Photo by AFP)
Households in 86 percent of entire counties across the US that voted for President Donald Trump last year earn less income annually than the combined worth of 27 staffers that work for the Trump administration, a report has revealed.
Financial reports released by the Trump administration indicate that 27 staffers who currently work for the US president are worth a combined $2.3 billion in properties, investments and huge salaries, The Washington Post reported Saturday.
How much is $2.3 billion, the report explains: “Here’s one way to look at it. Consider the amount of money earned in any county in the country in a year — the number of households in each county times the average household income in the county. In 80 percent of the counties in America, every household combined earns less than $2.3 billion per year.”
In counties that voted for Trump, however, that figure is even higher, the report adds, explaining that “in 86 percent of Trump counties, the total amount of income earned in a year is less than $2.3 billion.”
The report further notes that based on 2011 to 2015 five-year estimates from the US Census Bureau, the average annual income in the aforementioned counties stood at $2.1 billion.
Only 8 percent of Trump-voting counties have a cumulative annual income greater than the $3.9 billion Trump himself in worth, as estimated by the financial Forbes magazine, and only two percent earn more annually than the $10 billion Trump claims to be worth.
Most counties have small populations — which further explains why, cumulatively, they do not earn as much in income annually.
The counties that tend to beat the $2.3 billion in annual income, tend to be the ones that include large cities.
Consequently, a map of where incomes beat the Trump staff’s net worth looks like an electoral map: “Swaths of counties that earn less each year than those 27 people are worth and a few pockets, mostly on the coasts, that are exceptions,” according to the report.
It adds that the data – in a broader sense – “reinforces the disconnect between the Trump team and the voters Trump likes to highlight.” A lot of very wealthy people work in the White House. A lot of other houses scattered across the US are relying on those millionaires to boost their own incomes.
Meanwhile, financial disclosures from dozens of top White House officials released Friday night also reveal an administration stacked with millionaires, whose combined net worth exceeds $12 billion.
The filings shed new light on the business webs and conflicts held by a number of Trump’s top aides and advisers when they entered government.
Among the wealthiest members of Trump’s White House are his son-in-law and senior adviser, Jared Kushner, the heir to a vast real estate business, and his top economic adviser, Gary Cohn, the former president of Goldman Sachs.
The filings detail the investments, salaries and assets of Trump’s senior staff, opening the personal finances of as many as 180 administration officials to public scrutiny. Trump himself, whose personal wealth is believed to be in the billions, is not included in the releases.
Click here to read the full article.