America at 250 faces a depressing economic reality. Trump wants us to just get over it.
America at 250 has a trillionaire. And a government making it harder for millions to eat.
Americans have rarely faced inequality like this. Our president is telling us to just get over it.
Jul. 2, 2026, 6:00 AM EDT
By Helaine Olen
(
MSNow) Just in time for the nations 250th anniversary, Elon Musk became the nation and the worlds first trillionaire after SpaceX went public with a blowout debut.
The rest of us have not been as lucky. And we know it.
The nations economic mood as we approach the Fourth of July is anything but celebratory. You dont need to take it from me. A recent Fox News poll found that almost six out of 10 Americans feel pessimistic about the economys direction.
Thats hardly a surprise. President Donald Trump, who was re-elected to the White House largely on his promises to restore affordability to American life, has done nothing of the sort. The combination of the illegal and unnecessary war with Iran, and his incompetent and corrupt tariffs, which were applied both haphazardly and designed to favor large corporations and large megadonors, has set off a renewed bout of inflation.
We live in a K-shaped economy, where many of the gains accrue to the top 10% of the population. Yes, the stock market is up with the result that the top 1% of the population now owns a record share of household wealth. ...............(more)
https://www.ms.now/opinion/america-250-inequality-affordability-inflation