Trump’s Tariffs Will Create a Hunger Games Landscape Where the Little Guy Is Guaranteed to Lose
A banner 2024 whet the appetites of banks and crypto bros. Now the largest companies are salivating over Trump’s economic policies.
The super-rich are ecstatic. Bitcoin’s value surged past $100,000 last year, and bankers were “dancing in the streets” after Donald Trump’s victory in November. Wall Street is already licking its chops over forecasts for stock gains in 2025.
Meanwhile, a stark year-end report showed an 18 percent jump in homelessness. And small business owners are grappling with uncertainty over Trump’s threats to impose tariffs and deport immigrants.
It’s the tale of a widening class divide: one that pits the super-rich against everyone else, even the normal-rich. The Trump economy could see a chasm between the big businesses poised to exploit next year’s changes and the small fish left scrambling.
Matt Sledge January 2, 2025
Read the full article here The Intercept
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