The problem if wealth inequality will likely correct itself sooner than previously anticipated. Trump is violating the Constitution in numerous ways and at such a rapid pace that his reign is already beginning to implode. The economy is experiencing a drastic slowdown. Historically, 80% of GDP has been driven by immigrants, and the effects of their declining contributions are already being felt.
On April 2nd, Trump will impose another round of tariffs—the most devastating since the Great Depression. This will likely trigger an economic crash from which the U.S. may never recover, given the ongoing neglect of the climate crisis. Following a stock market collapse, the real estate market will likely follow.
These economic shifts are already impacting wealth inequality, as seen in the decline of Elon Musk’s fortune. Within 6 to 12 months of the new tariffs taking effect, a similar downward trend will likely hit all billionaires. Meanwhile, as climate change intensifies due to inaction, the acceleration of extreme weather events and sea level rise will drive a fundamental redistribution of asset classes.