SATISH SHARMA - not just Rotigraphy.: When you look at our politics—'We the People'

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Sony Thang

JEFFREY SACHS: "Who elected Trump? Billionaires. Who was opposing Trump with Harris? Billionaires. When you look at our politics—'We the People'—we are like spectators at a sport. Who are the billionaires? Well, it's that list on one side and that list on the other. We sit back—who's going to win? I don't know, but it's going to be the billionaires. So what do the billionaires backing Trump want? Tax cuts. What did the billionaires backing Harris want? Tax cuts. What is the election going to produce? Tax cuts. Big surprise. Is it a drama? Of course it's not a drama. Our Congress is corrupt. Our political system is corrupt. It's run by the big boys, not by the little people, so we're going to have more tax cuts. Here comes Trump, elected by a disgruntled voting population—the working class. This is his core. And he's telling the working class, 'You've been cheated. I'm going to support you.' And what's he going to do? He's going to give tax cuts to the richest people in the world. You know, ten people now—TEN PEOPLE—have a net worth of $2 trillion. I'm sorry, we can't even imagine what this means. The days after Trump was elected, their net worth increased by $100 billion—in days. Because people who have money know, 'Oh, this is a bonanza for the billionaires.' By the way, if Harris had won, it probably would have gone up the same way—because it's billionaires on both sides. So this deficit is going to rise; it's not going to fall. Now Trump has a very particular, clever electoral strategy. He says to the voters, 'The billionaires are your friends. That's not the problem. Your enemy is the immigrant and your enemy is China. I'm going to go after your enemies, not your friends, the billionaires.' So what Trump says is, 'I'm going to raise tariffs on the Chinese, I'm going to kick out the immigrants, and you're going to live the American dream.' And it's not going to happen. And sure enough, within the next few years, the Trump administration will be a failure—widening income inequalities, big unhappiness, larger budget deficits, frictions with China, a lot of lawsuits in the United States, and people trying to stay in the U.S. who are threatened with deportation. It's not going to be a happy period. And this, unfortunately, comes from the fact that when you have two parties—billionaires backing this one and billionaires backing that one—someone gets left out. And that's the people."