{"id":1035,"date":"2026-05-31T19:38:17","date_gmt":"2026-05-31T19:38:17","guid":{"rendered":"https:\/\/propertyrelocationusa.com\/?p=1035"},"modified":"2026-05-31T19:38:17","modified_gmt":"2026-05-31T19:38:17","slug":"heres-what-created-trump-and-why-well-keep-getting-more-of-him","status":"publish","type":"post","link":"https:\/\/propertyrelocationusa.com\/?p=1035","title":{"rendered":"Here’s what created Trump \u2014 and why we’ll keep getting more of him"},"content":{"rendered":"
\n
\"\"<\/figure>\n<\/td><\/tr><\/tbody><\/table>

Friends,<\/p>

It\u2019s impossible to understand American politics without also understanding the American economy (and vice versa). Politics and economics may be different disciplines but they\u2019re two sides of the same coin.<\/p>

Read more Onlookers mock Ken Paxton\u2019s \u2018weird flex\u2019 during Fox News interview: \u2018My God\u2019<\/a><\/p>

This came home to me again when I saw Thursday\u2019s report on the U.S. gross domestic product.<\/p>

Numbers can be pretty boring but bear with me. Worker compensation\u2014wages and benefits \u2014 grew 0.8 percent from the fourth quarter of 2025 to the first quarter of 2026. Corporate profits grew 2.7 percent.<\/p>

When you adjust for inflation, hourly wages have risen 3 percent since the end of 2019. Corporate profits have risen 50 percent.<\/em><\/p>

Worker\u2019s share of the nation\u2019s income has now dropped to the lowest it\u2019s been since records began in 1947. Profits\u2019 share is the highest since 1950.<\/strong><\/p>

Most people who depend on wages for a living are struggling, while a small minority at the top who own most shares of stock and private equity \u2014 that is, people who rely on capital gains \u2014 have never had it as good.<\/p>

The trend toward lower wages and higher profits began in the 1980s, increased in the 2000s, picked up speed after the pandemic, and is about to explode as Artificial Intelligence takes over.<\/strong><\/p>

In coming months three companies centered on AI will go public \u2014 Space X, OpenAI, and Anthropic \u2014 with expected valuations of around $1 trillion each (reflecting the gargantuan profits investors expect). But what about workers?<\/p>

This is not just morally wrong. \u201cIncome from capital risks replacing income from labor,\u201d Pope Leo wrote in Magnifica Humanitas<\/em>, his encyclical letter devoted to the effects of AI, released this week.<\/p>

It also threatens the future stability of our economic and political system.<\/p>

What accounts for the increasing shift of the American economy from wages to profits, even before AI?<\/p>

One big reason is monopolization. The economy has become concentrated in a few giant corporations with the power both to raise prices and keep wages down.<\/strong><\/p>

Sure, there are still lots of small businesses and mom-and-pop operations. But the gravitational center of the U.S. economy is now Amazon, Alphabet (Google), Apple, Microsoft, Nvidia, Meta, Walmart, Costco, Home Depot, Kroger, United Health, Cigna, CVS, AT&T, Verizon, ExxonMobil, Chevron, JPMorgan Chase, Bank of America, Citigroup, Vanguard, Fidelity, Blackstone, Apollo, and KKR.<\/p>

These giants control large swathes of the economy. They also exert significant political power. They\u2019re like black holes in space, sucking in vast sums of money.<\/p>

Read more Trump faces MAGA backlash over promotion of Epstein friend to key Mideast role<\/a><\/p>

Their political power makes it impossible to know whether government policy is based on the public interest or private gain.<\/p>

Consider Trump\u2019s war in Iran and its resulting surge in energy prices. The energy-price rise has caused after-tax disposable income to drop and the profits of energy companies to soar. Did Trump decide to go to war because he thought it necessary, or because Big Oil nudged him into it?<\/p>

Workers, meanwhile, no longer have any <\/strong>countervailing<\/strong><\/em> power. In the 1950s, over a third of workers in the private sector were unionized. That gave them enough bargaining power to claim a significant share of the total economy. Now, only 6 percent of workers are unionized. Their bargaining power has been further eroded by their easy replacement by lower-wage workers in Asia and by software. AI will further erode it.<\/strong><\/p>

This trend is not sustainable. It feeds growing anger at the system, which demagogues like Trump exploit for their own ends.<\/p>

What should be done? Let me list five steps (I\u2019ll go into each in greater detail in coming months).<\/strong><\/p>

1. For one thing, we\u2019re going to need a new era of antitrust. Giant corporations will have to be busted up.<\/p>

2. We\u2019ll also need to tax those at the top, especially on the value of their ownership of capital. (California voters will likely be asked to vote on a billionaire tax in November.)<\/p>

3. We\u2019ll need regulate AI and simultaneously provide a universal basic income to cushion those who lose their jobs because of it.<\/p>

4. Universal health care will be a necessity (perhaps via Medicare for all) along with subsidized childcare and eldercare.<\/p>

5. Finally, we\u2019ll need to distribute capital far more widely, so that the broad American public has a palpable stake in the rip-roaring stock market and the AI tsunami.<\/p>

None of these fixes will be easy. Even if all are implemented, they may still be insufficient.<\/p>

But, my friends, we have no choice but to try. We\u2019ve already witnessed what mass anger can do to America, in the form of Trump. Unless we act soon, we\u2019re likely to have Trumps, or worse, as far as the eye can see.<\/p>

Read more Trump pushed by longtime confidant to \u2018fire everyone at the Smithsonian\u2019<\/a><\/p>
\n
\"\"<\/figure>\n<\/td><\/tr><\/tbody><\/table>
\n
\"\"<\/figure>\n<\/td><\/tr><\/tbody><\/table>
\n
\"\"<\/figure>\n<\/td><\/tr><\/tbody><\/table><\/div>","protected":false},"excerpt":{"rendered":"

Friends,It\u2019s impossible to understand American politics without also understanding the American economy (and vice versa). Politics and economics may be different disciplines but they\u2019re two sides of the same coin.This came home to me again when I saw Thursday\u2019s report on the U.S. gross domestic prod…<\/p>\n","protected":false},"author":1,"featured_media":1030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"yoast_head":"\nHere's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyrelocationusa.com\/?p=1035\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA\" \/>\n<meta property=\"og:description\" content=\"Friends,It\u2019s impossible to understand American politics without also understanding the American economy (and vice versa). Politics and economics may be different disciplines but they\u2019re two sides of the same coin.This came home to me again when I saw Thursday\u2019s report on the U.S. gross domestic prod...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyrelocationusa.com\/?p=1035\" \/>\n<meta property=\"og:site_name\" content=\"Property Relocation USA\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-31T19:38:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/0949b193973f8ed5513477f03795e009.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/#\\\/schema\\\/person\\\/3532c0f2bf23909f000df694ed25b25b\"},\"headline\":\"Here’s what created Trump \u2014 and why we’ll keep getting more of him\",\"datePublished\":\"2026-05-31T19:38:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035\"},\"wordCount\":826,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertyrelocationusa.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9ea55fc1305c7ad9bef82feddc8996a4.webp\",\"articleSection\":[\"Opinion\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035\",\"url\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035\",\"name\":\"Here's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertyrelocationusa.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9ea55fc1305c7ad9bef82feddc8996a4.webp\",\"datePublished\":\"2026-05-31T19:38:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/#\\\/schema\\\/person\\\/3532c0f2bf23909f000df694ed25b25b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#primaryimage\",\"url\":\"https:\\\/\\\/propertyrelocationusa.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9ea55fc1305c7ad9bef82feddc8996a4.webp\",\"contentUrl\":\"https:\\\/\\\/propertyrelocationusa.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/9ea55fc1305c7ad9bef82feddc8996a4.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?p=1035#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertyrelocationusa.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here’s what created Trump \u2014 and why we’ll keep getting more of him\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/#website\",\"url\":\"https:\\\/\\\/propertyrelocationusa.com\\\/\",\"name\":\"Property Relocation USA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertyrelocationusa.com\\\/#\\\/schema\\\/person\\\/3532c0f2bf23909f000df694ed25b25b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/propertyrelocationusa.com\"],\"url\":\"https:\\\/\\\/propertyrelocationusa.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyrelocationusa.com\/?p=1035","og_locale":"en_US","og_type":"article","og_title":"Here's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA","og_description":"Friends,It\u2019s impossible to understand American politics without also understanding the American economy (and vice versa). Politics and economics may be different disciplines but they\u2019re two sides of the same coin.This came home to me again when I saw Thursday\u2019s report on the U.S. gross domestic prod...","og_url":"https:\/\/propertyrelocationusa.com\/?p=1035","og_site_name":"Property Relocation USA","article_published_time":"2026-05-31T19:38:17+00:00","og_image":[{"width":1100,"height":550,"url":"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/0949b193973f8ed5513477f03795e009.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertyrelocationusa.com\/?p=1035#article","isPartOf":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035"},"author":{"name":"admin","@id":"https:\/\/propertyrelocationusa.com\/#\/schema\/person\/3532c0f2bf23909f000df694ed25b25b"},"headline":"Here’s what created Trump \u2014 and why we’ll keep getting more of him","datePublished":"2026-05-31T19:38:17+00:00","mainEntityOfPage":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035"},"wordCount":826,"commentCount":0,"image":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035#primaryimage"},"thumbnailUrl":"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/9ea55fc1305c7ad9bef82feddc8996a4.webp","articleSection":["Opinion"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/propertyrelocationusa.com\/?p=1035#respond"]}]},{"@type":"WebPage","@id":"https:\/\/propertyrelocationusa.com\/?p=1035","url":"https:\/\/propertyrelocationusa.com\/?p=1035","name":"Here's what created Trump \u2014 and why we'll keep getting more of him - Property Relocation USA","isPartOf":{"@id":"https:\/\/propertyrelocationusa.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035#primaryimage"},"image":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035#primaryimage"},"thumbnailUrl":"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/9ea55fc1305c7ad9bef82feddc8996a4.webp","datePublished":"2026-05-31T19:38:17+00:00","author":{"@id":"https:\/\/propertyrelocationusa.com\/#\/schema\/person\/3532c0f2bf23909f000df694ed25b25b"},"breadcrumb":{"@id":"https:\/\/propertyrelocationusa.com\/?p=1035#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertyrelocationusa.com\/?p=1035"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertyrelocationusa.com\/?p=1035#primaryimage","url":"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/9ea55fc1305c7ad9bef82feddc8996a4.webp","contentUrl":"https:\/\/propertyrelocationusa.com\/wp-content\/uploads\/2026\/05\/9ea55fc1305c7ad9bef82feddc8996a4.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/propertyrelocationusa.com\/?p=1035#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertyrelocationusa.com\/"},{"@type":"ListItem","position":2,"name":"Here’s what created Trump \u2014 and why we’ll keep getting more of him"}]},{"@type":"WebSite","@id":"https:\/\/propertyrelocationusa.com\/#website","url":"https:\/\/propertyrelocationusa.com\/","name":"Property Relocation USA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertyrelocationusa.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/propertyrelocationusa.com\/#\/schema\/person\/3532c0f2bf23909f000df694ed25b25b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/propertyrelocationusa.com"],"url":"https:\/\/propertyrelocationusa.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/posts\/1035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1035"}],"version-history":[{"count":0,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/posts\/1035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=\/wp\/v2\/media\/1030"}],"wp:attachment":[{"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyrelocationusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}