Income Inequality will explode in Trump's second term! The rich will get richer!!!!

[Luckyone]

Income inequality Will Explode in Trump’s Second Term​

Trump’s win represents the long triumph of a bipartisan embrace of oligarchy over our politics — and the ultra-rich are about to get even richer.

I closely track inequality in the U.S. and around the world. Americans should brace for an explosion in inequality under the next Trump administration. The Republican Party is preparing gigantic tax cuts for billionaires and corporations; in 2017, then-President Trump gave the top 0.1 percent a tax cut 277 times larger than the middle-class. Tariffs would burden the poorest. In the firing line are workers’ rights. Our trend data had expected the first trillionaire to arrive within a decade; expect him — and it will be him — to get here sooner.

Billionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law​

The collective fortune of America’s 748 billionaires topped $5 trillion in September 2023, a near record high, and up an astounding $2.2 trillion (77%) since enactment of the Trump-GOP tax law—a reckless handout so heavily slanted towards the rich that it undoubtedly contributed to billionaires’ eye-popping wealth growth over the past nearly six years. Parts of the Trump-GOP tax law have already expired, or are scheduled to expire at the end of 2025, but Republicans want to make the whole package permanent at an estimated cost of $3.8 trillion—billions of which will undoubtedly flow into billionaires’ already bursting bank accounts.

There is NO DOUBT that this is going to happen and that the poor and middle class will only receive the crumbs that are left.

Are you okay with this?

 

[Auld Phart]

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There is NO DOUBT that this is going to happen and that the poor and middle class will only receive the crumbs that are left.

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Are you okay with this?

There is NO DOUBT that this is going to happen

Been happening for decades.

been in a coma?

 

[Zincwarrior]

I am quite sure the new Musk Adminsitration will address wealth inequality post haste.

 

[Luckyone]

Been happening for decades.

been in a coma?

Yes, it has been happening for ages but all extremes are bad. If you look at the graph, you will notice a strong upturn when Trump took office. That is an extreme that will get even MORE EXTREME this time around. Do you like extremes that go against YOU?

 

[Luckyone]

I am quite sure the new Musk Adminsitration will address wealth inequality post haste.

Absolutely, he will generate a record by becoming twice as rich as he is now!

 

[shockedcanadian]

Ontario is prepared to do our part to help America when you apply tariffs to Canada.

Trump can call it the "human right tariff" and be quite accurate with such a moniker.

 

[Auld Phart]

Yes, it has been happening for ages but all extremes are bad. If you look at the graph, you will notice a strong upturn when Trump took office. That is an extreme that will get even MORE EXTREME this time around. Do you like extremes that go against YOU?

 

[tyroneweaver]

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There is NO DOUBT that this is going to happen and that the poor and middle class will only receive the crumbs that are left.

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Are you okay with this?

of course when you make the usa a third world country, which is the dem goal you'll have income inequality.

 

[Luckyone]

of course when you make the usa a third world country, which is the dem goal you'll have income inequality.

Look at the graph and see the spike up when Trump took office. See the articles enclosed. This has nothing to do with the "Dem goal" you are talking about. This is all Trump getting richer and all his fellow Oligarchs getting richer as well

 

[Luckyone]

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Does this mean you don't care about the rich getting richer and you getting the crumbs?

 

[Mashmont]

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There is NO DOUBT that this is going to happen and that the poor and middle class will only receive the crumbs that are left.

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Are you okay with this?

Why does it matter to you or anyone else if the rich get richer? How does that do anything but help everybody else? It increases tax revenue, increases charitable giving, increases investment. The only ones it offends are the Marxist leaders who believe everybody but them should be poor, and of course gullible leftwingers who believe everything the leadership tells them.

 

[Crepitus]

It increases tax revenue, increases charitable giving, increases investment.

It does none of those things.

 

[jbrownson0831]

Been happening for decades.

been in a coma?

Unluckyone can always try getting a job....

 

[EvilCat Breath]

Aha! When all else fails, try class warfare.

I don't care if the rich get richer. No one on welfare ever gave me a job.

 

[Thinker101]

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There is NO DOUBT that this is going to happen and that the poor and middle class will only receive the crumbs that are left.

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Are you okay with this?

Sure, let's go with Biden's "equity" plan. Everyone gets poorer, except Joe and Hunter...dumbass.

 

[initforme]

Americans have always been separated by class. Nothing new here. The classes coexist at best.

 

[Luckyone]

Why does it matter to you or anyone else if the rich get richer? How does that do anything but help everybody else? It increases tax revenue, increases charitable giving, increases investment. The only ones it offends are the Marxist leaders who believe everybody but them should be poor, and of course gullible leftwingers who believe everything the leadership tells them.

Did you see the bottom graph? Do you understand that for the past 44 years, 98% of Americans are no better off? that there is no growth among them?

Do you realize that when inflation hits (like with the recent pandemic), it is the 98% of Americans that cannot cope with inflation because they have no extra money saved, whereas inflation not only doesn't affect the rich but is an opportunity for them to raise prices even more than inflation and blame it on inflation?

Does is not bother you that 98% of Americans are the ones that pay the price when things get tough but 2% can laugh it off and actually use it to their advantage?

Are you a billionaire? If you are not, does it not bother you that in 44 years you are no better than you were in 1980?

are you actually serious about this post of yours?

 

[Mashmont]

It does none of those things.

It does all of them. The rich donate more to charity. That's why donations go down during recessions.

 

[SeaMajor7]

There's no such THING as income equally.
DEI is DEAD; you've got to EARN IT, wanker.

 

[initforme]

It does all of them. The rich donate more to charity. That's why donations go down during recessions.

Matter 19:23