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Trump snubs Jeff Bezos in huge swipe at US billionaires – 'too much income disparity'

This came amid the President sharing a video clip on Amazon CEO Jeff Bezos’s multibillion-dollar fortune. It was on Saturday that President Trump mentioned that changes must be made soon. He then tweeted a Business Insider video showing how the country’s richest tech execs have only grown richer during the coronavirus pandemic.

Meanwhile, 40million Americans have filed for unemployment.

The world’s richest man, Jeff Bezos, was shown in the report as having raked in $48 billion between March and June.

He is also rumoured to be worth around $117 billion.

However, Mr Bezos is not the only billionaire to see his income go up.

Zoom CEO, Eric Yuan experienced an increase of $2.5billion.

Meanwhile, Microsoft chief and now LA Clippers owner Steve Ballmer made an extra $15.7billion.

During the height of the global pandemic, America’s billionaires made a total of around $637billion.

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That is according to BI.

On Twitter, President Trump said: “I actually agree with this. Too much income disparity! Changes must be made, and soon!”

The president’s comments come days after a high-profile congressional hearing, during which lawmakers accused Amazon, Facebook, Apple and Google, of crushing rivals to boost profits.

Over the years, some of the USA’s largest tech companies have come under fire due to their enormous power and wealth.

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Power and wealth has led to calls for them to be regulated.

Mr Bezos has also been criticized over his immense wealth.

In particular, when it comes to the issue of wealth disparity in America the billionaire is being accused of greed.

The billionaire has been criticised after it was made public that he had been avoiding paying income taxes in 2018.

It also comes amid mounting pressure for Republicans and Democrats to finalize a deal for a fourth stimulus package.

The government’s $600-per-week unemployment benefits expired this week.

Trump on Thursday promised he would push for Congress to include in the fourth COVID-19 stimulus package another round of checks for Americans.
It is similar to the $1,200 checks that were circulated and signed by the president, earlier this year.



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