I grieve for the state of economic and basic literacy in this country if people think Donal Trump was the right choice for their pocketbooks. Yes, people are currently hurting economically. This is because of worldwide inflation in the wake of a very economically destabilizing pandemic that is affecting all nations, everywhere. There is some degree of inevitable inflation that is inescapable, but governments having to spend/print a lot of money all at once and supply chains breaking down during a pandemic, caused a spike in inflation worldwide. It is not just a U.S. thing, and the U.S. has actually done better at mitigating the effects of inflation than most of the rest of the world.
The aforesaid inflation in combination with growing concentration of wealth at the very top, price gouging by corporations, and a demographic collision of the two largest generations by population size (Baby Boomers and Millennials) competing for a limited supply of housing is why people feel the American Dream is unattainable.
I feel for everyone who is hurting economically right now. That's why I voted for Kamala Harris. She had actual plans to tax the wealthy to get some of that money to circulate in the economy again instead of lying fallow in the hands of the top 1% and waiting passively for it to "trickle down" to the working and middle classes. By contrast, Trump wants to cut taxes for the wealthy, and impose regressive tarriffs, and adopt a more isolationist stance which would only cause prices to go higher. We've just seen what has happened in the U.K. with Brexit. That is why Elon Musk, the literal richest man in the world, spent over a hundred million dollars trying to get Trump elected. (And even admitted that there will be a negative effect on the economy if he does.) It's why Jeff Bezos, one of the other richest men in the world, put the kibosh on the Washington Post's endorsement of Harris. It's why Bernie Sanders, one of the few politicians who actually advocates for the working class endorsed Harris.
Obviously, how much of anything Trump says he will do will actually happen, we don't know. But a vote for Trump on economic grounds for anyone but those who are already wealthy is nothing more than an uninformed, reactionary motion.
Updated On: 11/7/24 at 09:34 AM