Dire predictions that a Trump victory would send the market into a nosedive have proved premature. Quite the opposite, stocks have gone through the roof. The only question is why anyone should be surprised. Donald Trumpmay be the best thing that ever happened to Wall Street.
The belief of Forgotten America that Trump was somehow a champion of Main Street against Wall Street was as foolish as it was illusory. On this issue, at least, Trump cannot be accused of dissembling. He vowed not to raise tax rates on the 1 percent—which included himself—and he appears ready to keep his promise. Consequently, the tax burden will fall inequitably on the very middle-class and blue-collar faithful who voted for him, making them poorer and less equal than they already were.
