No evidence
#31 | Posted by THEBULL

The evidence is sitting on Pam Bondi's desk.

"He is about to captain the largest transfer of wealth upward in the history of our country to people like him and Elon"

While I agree I feel like that really started in earnest in Trump's first term. Now it's time to finish what he started.

Inflation is driving an insurmountable wedge between the investor class and the working class.

I often cite thay since 1975, practically all the gains in household income have gone to the top 20% of households.

The next sentence is: Since 1996, dividends and capital gains have grown faster than any other source of pre-tax income.

You can see this in your own life, if you have some money to invest in the market. Between 2023 and 2024 my increase in capital gains far outpaced my increase in wages. Wages went up like 3 or 4 percent. But even the S&P was up like 30% last year.

This economy only works, if you have money to invest.

Why the working class supports Trump is anyone's guess. My guess is they have that white generational wealth and don't realize what that actually means. How generations of wealth accrual can vanish in a few years with the right kind of cancer or special needs child.

"If you make the people poor enough, they will take any job offered, like field work 12-14 hours per day six days a week for pennies."

Agreed.

That's one side of the coin Trump is flipping.

The other side is the robots do the work and we don't need people at all any more.