![]() Trump campaigned as a populist, appealing to “everyday” Americans with the claim that the elite (defined as the liberal establishment and government bureaucrats) were responsible for America’s decline. Incomes of the top 1% rose by 148%, the top 0.1% by 343%, and extremely well off in the top 0.01% by an amazing 599%.Ĭandidate Trump tapped into a legitimate source of anger and frustration over the failings of the status quo, something that establishment candidates like Jeb Bush in the Republican primary and Hillary Clinton in the presidential race could not do. According to economists Thomas Piketty and Emmanuel Saez between 19 the average income of the bottom 90 per cent of American taxpayers fell by 7%. And for most people that was a correct assessment after 1980. ![]() The 2016 campaign slogan “Make America Great Again” declared that all was not right with current America.
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