Trump’s Second Term: Inequality’s Explosive Growth
Since the election, the wealth of the world’s billionaires, many of whom supported President-elect Trump, has reached record highs, exacerbating existing wealth inequality. This surge in billionaire wealth is fueled by policies favoring the ultra-rich, including massive tax cuts and deregulation, further widening the gap between the wealthiest and the rest of the population. This trend, spanning decades of bipartisan policy choices, has solidified an oligarchy’s control over the political and economic landscape. A critical juncture is approaching, demanding a shift towards policies that prioritize working-class interests and dismantle the power of corporate monopolies. Only a fundamental change in economic policy can counter this concentration of wealth and power.
John Q. Hosedrinker