WASHINGTON, D.C – Donald Trump’s first month in office after becoming again the President of the United States has created the surge in the number of new millionaires America has ever seen.
Of course, most of the new millionaires come from the ranks of people who used to be billionaires. Economists are calling it a reverse wealth effect, while Trump himself declared it “the greatest financial diet in history, people are losing weight and zeroes at the same time.”
Many of the newly downgraded millionaires remain upbeat, insisting they are “still doing fine” despite having to sell off one or two of their yachts and settle for flying first-class commercial instead of on private jets.
Jeff Bezos was spotted in a modest 30,000-square-foot mansion, telling reporters, “We’re tightening our belts. Literally. I had to fire my personal belt tightener.”
The White House defended the economic downturn for the ultra-wealthy, claiming it was all part of Trump’s “Trickle-Upside-Down” economics plan. “It’s very complicated,” Trump explained. “You make the richest people slightly less rich, so they understand how amazing I am when I fix it later. Very smart. Nobody’s ever thought of this before. Believe me.”
* Image: Flickr.com/Gage Skidmore