17/03/2026

Those who expect fundamental changes in the state may not understand the essence and nature of the state. The state is never in the interest of the workers and the poor, but is an instrument in the hands of their oppressors. That is why the very rich and the powerful people  support the the elections to vote for their candidate .

In US  there are 900 billionaires , 11 of whom have a combined net worth of $ 1.35 trillion and invited to the second inauguration of President Trump.

The billionaires donated more than $450m to elect Trump last year, Trump named a dozen billionaires to top positions. They include education secretary Linda McMahon ($3bn in wealth), commerce secretary Howard Lutnick ($3.2bn), and Steve Witkoff ($2bn) as chief Iran/Ukraine/Gaza negotiator. Trump also asked Musk (more than $800bn) to run the wrecking-ball crew at the so-called “Department of Government Efficiency”.

Showing how the system serves billionaires, the ultra-rich elite won lots of goodies in Trump’s Big Beautiful Bill. Of its $2tn in tax cuts, $750bn will reportedly go to the richest 1% of Americans, according to Brookings.

It’s not your imagination that inequality is growing worse – billionaires are pulling further away from everyone else, with the number of billionaires jumping by more than 50% since 2017. The richest 1%, whose wealth has more than doubled since 2017, owns 32% of the nation’s wealth, more than 10 times the 2.5% share owned by the bottom 50%. The richest 0.1% own 14.4% of the nation’s wealth, up 6 percentage points since 1990.

Together those six donated nearly $1bn. According to OpenSecrets, Musk topped the list with more than $280m, while Timothy Mellon, an 83-year-old banking heir, was second at $197m. Miriam Adelson, widow of a casino magnate, was third at $147m. Michael Bloomberg was the top donor to Democrats at $64m.

billionaires’ political spending skyrocketed, jumping 160-fold since 2010 and 2.5 times since 2020. Billionaires gave $16m in the 2008 presidential election and $231m in the 2012 election, the first after Citizens United, before soaring to $2.6bn in 2024.

According to the Harris Poll’s annual Americans and Billionaires Survey, conducted last November, 53% of Americans believe billionaires threaten our democracy. What’s more, 71% of Americans, including 64% of Republicans, say there should be a wealth tax on top earners, and 53% (up from 46% in 2024) say there should be limits on wealth accumulation.