Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

Thursday, November 7, 2024

Philip Linden Speaks About Trump Victory

 
There's been more than a little chatter about the results of Tuesday's Presidential Election in the US, of which former President Trump won. Besides being the first President to serve two separate administrations, he's also the first Republican non-incumbent to win the popular vote since 1988. While every election has brought cheers from the supporters of the winners, and some sadness from those who didn't win, Trump's victory has had many Democrats not just worrying, but in outright despair. 

Among those concerned is Philip Rosedale, who would write a commentary suggesting that Trump's election wasn't the real problem, but a symptom of a much larger one: economic inequality is leading people to make more desperate choices at the voting booth. 

... poorer people at some point no longer believe that wealth will ‘trickle down’ fairly from the richer people, and they become more and more distrusting of each other until eventually they are only willing to back candidates who claim they will somehow restore their seat at the economic table and level the playing field. That is where we are right now - we’ve elected a president, for a second time, who has campaigned on the promise that he will restore economic equality.

Rosedale commented that a Harris administration would have been a "'rip the bandaid off' moment," involving much civil unrest and probably some violence, but there would at least be "some reductions in inequality." With Trump in power, he feels while there will be gains, they will be temporary and only going to the wealthiest Americans, "with overall inequality increasing further until some new breaking point is reached."

One can read Philip's commentary in full (here).

On a final note, one should take care when discussing politics, especially when trying to have a reasonable discussion with someone with a different viewpoint. If you say you've been trying to see why a relative with extreme views thinks that way, if they hear it wrong they may think you agree with those views.

Hat tip: Zada Bury

Bixyl Shuftan