(Robert Frank, The New York Times) – The American wealthy are about to enjoy a giant back-to-the-1980s party, hosted by the new billionaire in chief, Donald J. Trump.
From his gold-plated penthouse to his trickle-down tax cuts and his Reaganesque slogans, President-elect Trump is bringing back the ’80s prosperity gospel. His approach to wealth harks back to the days of “Dynasty,” DeLoreans and deficits, when the rich were admired and a former actor-turned-president restored America’s optimism and global muscle.
The wealthy are already partying like it’s 1989. If Mr. Trump makes good on his tax cut promises, billions are expected to go back into their pockets. The stock market is reaching record highs, and sales of Picassos and Warhols are resurgent. All that is missing now is Robin Leach’s “Champagne wishes and caviar dreams.” And Mr. Leach is optimistic.