Episode 26 – Donald Trump’s Cabinet and Wealth Inequality

Mark Geise Show – Mark Geise

Donald Trump has begun to make cabinet selections and rumors galore about the many selections he has left to make. The rumored candidates and those he have chosen confirm my beliefs that he will not be markedly different from recent administrations. The Trump administration will not drain the swamp; it will expand government and keep much of the status quo in place. Trump has already walked back his pledge to repeal the Affordable Care Act. I guarantee this will not be the last promise that he walks back.

I also discuss the highly popular book, Capital in the Twenty-First Century by Thomas Piketty. This book is beloved by progressives, even though I doubt a substantial portion of them have actually read the entire thing. I read the book this week to be able to discuss it with those that point to it in arguments. Piketty argues for a progressive global tax on wealth to combat increasing wealth inequality, which he believes is one of the biggest crises of our time. Piketty believes that if the rate of return on capital (r) is persistently greater than the growth of income (g), wealth inequality will accelerate perpetually. I do not share his views, to say the least. I have attached my full review of this book on Goodreads if you would like to read it for further information.

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Suggested Reading/Referenced Articles:
“Donald Trump’s Cabinet-in-waiting: What we know so far” – Politico
“Donald Trump believes the United States can get $1 trillion in new roads — for free” – Washington Post
“Donald Trump’s Comments on the Fed, Interest Rate Policy and Janet Yellen” – Wall Street Journal
Book: “Capital in the Twenty First Century” by Thomas Piketty – Amazon
“Full Review of Capital in the Twenty-First Century” – Consulting by RPM (Robert Murphy)
My Review of “Capital in the Twenty-First Century” – Goodreads