"Gradual inflation has a numbing effect. It impoverishes the lower and middle class, but they don't notice." -Andrew Bosomworth, PIMCO Germany, as quoted in Der Spiegel
The rise of populism, evidenced by the success of Donald Trump, Bernie Sanders, and Alexandria Ocasio-Cortez, is rooted in the emergence of the greatest wealth and income inequality gap since the roaring '20s.
According to the Economic Policy Institute, the top 1% take home 21% of all income in the United States, the largest share since 1928.
There are a variety of social, political, and economic factors driving this