A broken tax code means unchecked wealth-hoarding. The numbers are staggering: $1tn of wealth was created for the 19 richest US households just last year (to put that number into perspective, that is more than the output of the entire Swiss economy). That was the largest one-year increase in wealth ever recorded.

https://rwer.wordpress.com/2025/06/15/unchecked-concentration-of-wealth-is-eroding-us-democracy/

Perhaps not surprisingly, the United States had the sharpest slowing with its growth for 2025 now projected at just 1.4 percent. This should perhaps be expected given that growth was actually a small negative in the first quarter of this year. Just to remind people: The economy grew 2.8 percent last year and was almost universally projected to grow at a comparable rate in 2025. This slowdown in growth really should be considered as Trump’s handiwork.

The other noteworthy item in these projections is that China’s growth is still projected to be 4.5 percent, the same as the World Bank’s prior projection. This means that, at least according to the World Bank, Trump’s tariffs have not done major harm to China’s economy.

https://rwer.wordpress.com/2025/06/13/china-now-projected-to-grow-three-times-as-fast-as-the-united-states/