Opinion
Why billionaires support Trump
Business people struggle to understand fanaticism. In commercial life, all actors are negotiable, even if their price is high. The self-made super-rich also tend to grossly overrate contrarianism.
Janan GaneshContributorStephen Schwarzman, the chief executive of Blackstone, is supporting Donald Trump. Other Wall Street billionaires are poised to follow. Palo Alto isn’t without its MAGA magnates, either.
What explains their choice? Self-interest? To an extent, no doubt. But it isn’t as if their alternative is death through taxation. Joe Biden is president, not Huey Long.
Financial Times
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