In the second term of President Trump's administration, two factions vie for influence: conservative populists focusing on worker empowerment and the tech right promoting innovation. Vice President J.D. Vance aims to unify these ideas, but the outcome has been disappointing. The new policies have strayed from appealing proposals of both groups to adopt the least favorable elements, resulting in harsher economic conditions for the lower-income population. The proposed tariffs and megabill lead to significant upward wealth transfer, further exacerbating national debt and inequality.
The policies, in combination, amount to an enormous transfer of resources from people at the bottom of the economic scale to those at the top.
Three months later, the product that has emerged is not a better iteration of the original Trumponomics, but a worse one, much worse.
It has managed, amazingly, to abandon the two tribes' most attractive proposals while retaining the least-appealing elements of each.
The bottom four-fifths of the income distribution would be made poorer by the combined tariffs and megabill, while only the most affluent would come out ahead.
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