President Trump's Policies Exacerbate K-Shaped Economic Inequality
The concept of a K-shaped economy, where the wealthy experience financial growth while the non-wealthy face economic decline, has been exacerbated by President Trump's policies. Under his administration, tax cuts have favored the richest 1%, while cuts to Medicaid and food assistance have impacted lower-income Americans. The Consumer Financial Protection Board has been weakened, reducing protections against predatory financial practices. Despite a booming stock market, the benefits are largely felt by the wealthiest, as the richest 10% own the majority of stocks. Meanwhile, inflation and rising gas prices have disproportionately affected lower-income households. Trump's administration has also been criticized for not raising the federal minimum wage and for actions perceived as anti-union, further widening the economic gap. 
