Republican nominee for governor of Ohio: How Government Spending Enriches the Wealthy.

A Gallup survey last fall found that 66% of Democrats view socialism favorably and only 42% say the same of capitalism.

American wealth is concentrated at the top. On this narrow point, the socialists are correct. 

The top 1% now holds roughly 30% of the nation’s net worth, and the bottom half holds about 2.5%.

But the greatest driver of inequality over the past five years was exactly what the socialists now demand more of: large-scale government spending.

When Washington floods the economy with borrowed and freshly printed dollars, the money flows first into assets owned by the wealthiest Americans—stocks, bonds, real estate. 

The Federal Reserve cut interest rates to zero and more than doubled its balance sheet, from about $4 trillion to nearly $9 trillion.

As big government pumped money into the economy, assets boomed: The stock market has roughly tripled from its March 2020 low. 

The wealthiest 10% of households own 89% of all stocks, according to 2021 Federal Reserve data.

The way out isn’t socialism. It’s to stop debasing the dollar, halt the bipartisan spending spree, unleash energy production, let Americans keep what they earn, and expand the economy so workers’ paychecks stay ahead of inflation.

Vivek Ramaswamy Wall Street Journal 5 July 2026

https://www.wsj.com/opinion/how-government-spending-enriches-the-wealthy-4ad7375e

Mr. Ramaswamy is the Republican nominee for governor of Ohio.


Krugman: Why the Fed did what it did and why its critics were wrong och svenska bostadspriser

https://englundmacro.blogspot.com/2026/02/krugman-why-fed-did-what-it-did-and-why.html





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