Billionaires are feeling the backlash of their pact with 'mad king' Trump: Nobel economist (opens in new tab)

Paul Krugman, it’s becoming increasingly clear that allying with Trump wasn’t the “smart political move” they hoped. Evidence of this, he says, was in the CNBC interview with Amazon founder Jeff Bezos earlier this week. “Last year Bezos and other tech billionaires evidently believed that they could insulate themselves from criticism — and secure their wealth against both taxation and regulation — by allying themselves tightly with Donald Trump,” writes Krugman. “But Trump is now exploring new...