Consumers are nervous, and with stock portfolios down and corporations slashing investment, demand will take a hit. Roughly half of spending comes from the wealthy in America, and they are the ones who can immediately cut expenditures, and will do so when stocks decline.
Tag: USA
Trump’s tariffs will especially hurt lower-income Americans, while his tax cuts will especially benefit the wealthy.
The biggest upward redistribution of wealth in history is coming soon
President-elect Donald Trump is stacking his Cabinet with billionaires and centi-millionaires, whose financial entanglements pose conflict-of-interest challenges.
Trump has assembled an uber-wealthy Cabinet, raising risks of ethics conflicts – The Washington Post
Also showing the declining share of workers in unions
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