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Income Inequality

Bessent, Scott High Net Worth Individuals Income Inequality Inflation (Economics)Midterm Elections (2026)Standard & Poor's 500-Stock Index Treasury Department Trump, Donald J United States Economy United States Politics and Government

August 5, 2026 Alan Rappeport

Bessent Declares Widening Gap Between Rich and Poor ‘Dead’

Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists.

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