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Trump is stopping you from getting richer: A renowned economist explains
REUTERS/Aaron Schwartz
What happened
AlterNet’s answer is that President Donald Trump is reducing Americans’ chances of becoming richer by weakening the institutions that support long-term growth. Economist Justin Wolfers pointed to erratic tariffs, favoritism, attacks on democratic accountability, tax cuts favoring wealthy people, and spending cuts affecting poorer people. He argued that the damage may emerge over decades rather than in current economic statistics.
Wolfers specifically rejected the interviewer’s claim that Trump is “keeping Americans poor.” His narrower conclusion was that…
The skinny
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