"Trump’s second term isn’t just making the rich richer. It’s making (the poor poorer." It's been that way under every modern Repu)
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"Trump’s second term isn’t just making the rich richer. It’s making the poor poorer." By Rick Newman
https://www.ms.now/opinion/trump-k-shaped-economy-project-47
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The K-shaped economy predates the president. But his policies are exacerbating it.
If Donald Trump had run for president in 2024 by promising to enrich the wealthy at the expense of working- and middle-class Americans, Kamala Harris might be in the Oval Office right now.
But that’s just what he’s done. One of the defining features of his second term has been a sharp widening of the economic divide, with higher-income households getting richer while lower-income Americans face stagnant wages and higher costs.
Economists describe this as a K-shaped economy, with one trend line rising while the other falls. While the divide predates Trump, many of the policies widening it bear his signature.
His second-term agenda has consistently tilted in the same direction: policies that raise costs for many working families while giving tax breaks and windfalls to those with significant assets.
Tariffs have made many goods more expensive, cuts to food assistance have hit lower-income households, the expiration of Affordable Care Act subsidies has raised insurance costs at an unfortunate time, and the Iran war has sent energy prices surging. Those policies have coincided with soaring stock and home prices, which have disproportionately enriched Americans who already owned those assets.
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