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
The wealth of the world’s very richest people — a list dominated by U.S. billionaires, many of whom backed President-elect Donald Trump — has soared to record levels since the election. Billionaires’ investments to elect one of their own in Trump is paying off as Wall Street cash floods into the companies they control.
Already, data shows that the ultra-wealthiest segments in the U.S. control a greater share of wealth than during the Gilded Age. Since 1989, the top 0.1 percent got over $14 trillion dollars richer than the entire bottom 50 percent of America, whose share of wealth has actually fallen
