Bessent, Trump, millionaires, and billionaires are beneficiaries of a financialized economy.
Scott Bessent is sick and tired of hearing about your financial hardship. Trump’s Treasury Secretary told CNBC he is “sick of hearing about this K-shaped economy. I can say here definitively, the K-shaped economy is over, and we’re seeing more of a C economy where the lower end of wage earners are finally calling it back, just like they did in President Trump’s first term.” As evidence of this supposed turnaround, the Treasury Secretary cited a 2% wage gain for the bottom 25% of workers.
Read Full Article: https://thewashingtonstandard.com/scott-bessent-stop-complaining-about-the-billionaire-economy/
