Financial Times Discovers Inequality After Decades of Supply-Side Policies
The Financial Times reports on Donald Trump's 'K-shaped economy,' where the rich get richer and everyone else struggles. A keen observation indeed, for an outlet that consistently champions the very policies designed to achieve just this outcome for decades. This 'widening gap' isn't a Trumpian invention; it's the logical conclusion of tax cuts for corporations and the wealthy, deregulation, and
the offshoring of labor—strategies endorsed by both Republican and Democratic administrations for over forty years, from Reagan to Biden. One might wonder if the Financial Times only notices economic disparity when the 'wrong' president is in office, or if the mirror suddenly got polished. This isn't a bug in the system; it's a feature. The system is working precisely as intended for its
beneficiaries. We’ve seen successive administrations approve massive tax cuts benefiting the wealthiest while public services erode. For example, Treasury data shows the 2017 Tax Cuts and Jobs Act disproportionately benefiting high-income earners. The 'K' isn't a new shape; it's just getting sharper.