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The real wealth transfer at work
Los Angeles Times
|November 18, 2025
Re “How to solve Trump's affordability problem,” Opinion Voices, Nov. 14
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ALTHOUGH contributing writer Veronique de Rugy provides multiple observations to illuminate the rising affordability problem in America — most fetchingly describing the Walmart “inflation-free Thanksgiving meal” as shrinkage — she doesn’t actually offer any solutions.
She does proclaim that wealth transfers (presumably from rich to poor) are not a solution and points out that steady 3% inflation reduces the value of the dollar by 26% after a decade.
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