Facing global isolation, Israel's Benjamin Netanyahu addresses U.N. General Assembly (PBS NewsHour)

Trumpenomics: The Emperor Has No Clothes

President Donald Trump calls himself a master of deals and a builder of wealth. But a closer look at his economic record shows otherwise. What passes as Trumpenomics is not a coherent strategy but a dangerous cocktail of trickle-down economics, tariffs, authoritarian force, and outright deception. The emperor struts confidently, yet his economic clothes are invisible.

Trickle-Down Economics with Tariffs

Trump’s policies leaned heavily on Arthur Laffer’s supply-side theories, promising that tax cuts for corporations and the wealthy would lift all boats. The 2017 Tax Cuts and Jobs Act slashed the corporate tax rate from 35% to 21%, showering disproportionate benefits on the top 1%. The Congressional Budget Office found that by 2025, households making under $30,000 would actually see tax increases, while millionaires reaped permanent benefits.

At the same time, Trump imposed tariffs on China and other trade partners—despite claiming to be a free-market champion. Tariffs raised consumer prices at home, effectively acting as a hidden tax on working families. The Federal Reserve estimated that U.S. consumers and businesses bore nearly the full cost of Trump’s tariffs, with average households paying hundreds of dollars more each year for basic goods.

Demanding Tributes from Other Nations

Trump approached international trade less as economic policy and more as a tribute system. Nations that purchased U.S. arms, invested in Trump-friendly industries, or flattered his ego received preferential treatment. Those who did not were threatened with tariffs, sanctions, or military abandonment. His decision to reduce funding to NATO while deepening ties with Saudi Arabia, Qatar, and the UAE reflected this transactional worldview.

Altering Economic Data and Scapegoating the Poor

Trump consistently attempted to alter or spin economic data. When unemployment spiked during COVID-19, his administration pressured agencies to downplay the crisis. In some cases, career economists reported being silenced or reassigned for refusing to misrepresent figures.

When numbers could not be manipulated, scapegoats were manufactured. Trump blamed immigrants, people of color, and the poor for economic stagnation, while targeting Medicaid recipients and the homeless as symbols of “decay.” Instead of addressing structural problems, his rhetoric diverted public anger downward, away from billionaires and corporations.

Lie, Cheat, Steal

Lawsuits and corruption have always been central to Trump’s business empire, and they carried over into his economic governance. From funneling taxpayer money into Trump-owned properties to bending trade policy for donors, his approach blurred the line between public service and private gain. The New York Times documented that Trump paid just $750 in federal income tax in 2016 and 2017, even as he claimed to be a champion of the American worker.

Fourth Generation Warfare, AI, and Taiwan

Trump’s economic worldview also bleeds into Fourth Generation Warfare (4GW)—the mixing of political, economic, and psychological operations. His chaotic handling of AI development, threats over Taiwan, and erratic China policy destabilized global markets. Uncertainty became a feature, not a bug: allies and rivals alike never knew if Trump’s economic positions were bargaining tools, retaliations, or improvisations.

Authoritarianism at Home and Abroad

At home, Trumpenomics relied on force and intimidation. He threatened to deploy the National Guard against protesters, treating dissent as an economic threat to be neutralized. Abroad, he backed Netanyahu’s expansionist policies while cutting aid to Europe, effectively reshaping U.S. alliances around authoritarian partners willing to pay for loyalty.

Hostility Toward Higher Education

Trump also targeted higher education, cutting research funding, undermining student protections, and ridiculing universities as bastions of “elitism.” The move was both political and economic: by weakening critical institutions, he expanded the space for propaganda and disinformation to thrive.

The Emperor’s New Clothes

Beneath the spectacle, Trumpenomics have left the US more unequal, more indebted, and more divided. The federal deficit ballooned by nearly $7.8 trillion during his first term—before COVID-19 relief spending. Inequality widened: by 2020, the richest 1% controlled more than 30% of the nation’s wealth, while median household income gains evaporated. Tariffs have raised costs, tax cuts hollowed out revenues, and corruption flourished.

Trump’s economy was not built on strength but on illusion. Like the emperor in Hans Christian Andersen’s fable, Trump strutted in garments only his loyalists claimed to see. For everyone else, the truth was painfully visible: the emperor had no clothes.

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Sources

• Congressional Budget Office, “The Distributional Effects of the 2017 Tax Cuts” (2018)

• Federal Reserve Board, “Effects of Tariffs on U.S. Consumers” (2019)

• The New York Times, “Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance” (Sept. 27, 2020)

• David Cay Johnston, It’s Even Worse Than You Think: What the Trump Administration Is Doing to America (2018)

• Joseph Stiglitz, “Trump’s Economic Nonsense,” Project Syndicate (2019)

Col. Larry Wilkerson: Defeated Once, Israel Faces a Collapse It May Not Survive (Dialogue Works)

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The Missing 377,000: Gaza’s Grim Arithmetic, the Mirage of Humanitarian Aid—and the Crackdown on Campus Dissent

Original reporting sourced from 21st Century Wire, with data from Dr. Yaakov Garb’s 2025 report published on the Harvard Dataverse

A groundbreaking new report authored by Dr. Yaakov Garb, Professor at Ben-Gurion University of the Negev, and hosted on the Harvard Dataverse, reveals a brutal arithmetic behind Israel’s military campaign in Gaza. According to Garb’s spatial and demographic analysis, the number of Palestinians likely killed or missing in the Gaza Strip now exceeds 300,000. That figure—derived from Israel’s own internal data—calls into question the official death tolls promoted in mainstream media and reveals a staggering discrepancy: 377,000 people are unaccounted for.

These numbers expose more than just a humanitarian crisis. They reveal a calculated architecture of control, cloaked in the language of aid but functioning as an extension of military occupation. Yet as these truths emerge through academic and investigative channels, another battle is being waged—on college campuses across the U.S. and Europe—where students who dare to speak out are increasingly being targeted for suppression.

Gaza’s Disappeared

The report shows that prior to the 2023-25 siege, Gaza’s population was approximately 2.227 million. Israeli Defense Forces estimate that the three main populated enclaves now contain only 1.85 million people:

• Gaza City: 1 million

• Mawasi: 0.5 million

• Central Gaza: 0.35 million

That leaves 377,000 Gazans whose whereabouts are unknown. While some may be displaced or trapped in inaccessible areas, the report strongly implies that the missing are dead—many likely buried under rubble, dismembered beyond recognition, or perished from starvation and disease in isolation.

This number dwarfs commonly cited death tolls and challenges the sanitized statistics reported in international media. It is not the product of speculation, but of direct analysis of Israeli military data. What Garb calls a “demographic horror story” is also a legal and moral reckoning.

Humanitarian Aid as Military Strategy

The second key finding of the report is that Israel’s so-called humanitarian aid compounds—constructed with U.S. support and operated in part by private American security firms—function not as relief centers, but as militarized zones that restrict access, surveil civilians, and enable violence.

These compounds are located in Israeli-declared “buffer zones” where civilians risk death for attempting entry. Their design funnels desperate Palestinians through chokepoints devoid of shade, water, or toilets—what the report identifies as a “fatal funnel” meant to control crowds, not serve them.

These installations stand in violation of the Fourth Geneva Convention, which requires occupying powers to ensure food and medical supplies reach the civilian population, or allow independent humanitarian groups to do so. Instead, Israel has obstructed neutral aid groups and replaced them with a system that uses the language of humanitarianism to justify a regime of control and dispossession.

Repression at Home: Silencing Student Dissent

While Garb’s report meticulously documents atrocities abroad, a parallel strategy of repression has emerged within the borders of liberal democracies: the systematic persecution of student protestors who speak out against Israeli actions in Gaza.

On university campuses across the United States, Europe, and beyond, students demanding an end to the siege and accountability for war crimes are being surveilled, suspended, expelled, doxxed, and in some cases arrested. Faculty members who support these students have also faced retaliation, including denial of tenure, contract non-renewal, and public vilification.

Major donors and political actors have increasingly intervened in university affairs, pressuring administrations to equate protest with antisemitism, despite the fact that many of these student groups include Jewish activists and operate under clear human rights frameworks. What is being punished is not hate speech—but dissent.

University leaders, once guardians of free inquiry, now act as enforcers of ideological conformity, chilling debate and flattening moral nuance in the name of institutional stability. The persecution of protestors is not just a betrayal of academic freedom—it is a continuation of the same campaign of silence that allows mass death abroad to proceed without scrutiny.

The Disappeared, Here and There

In Gaza, the disappeared number in the hundreds of thousands. In the West, those who try to name this horror are disappeared in different ways: stripped of platforms, denied scholarships, pushed out of academic spaces. These twin silences—one enforced through military might, the other through institutional discipline—serve the same purpose: to protect power from accountability.

Dr. Garb’s report concludes with a searing indictment: “If an attacker (occupier) cannot adequately and neutrally feed a starving population in the wake of a disaster it is ongoingly creating, it is obligated to allow other humanitarian agencies to do so.” This obligation has not been met. Instead, it has been replaced by the architecture of impunity—built from rubble in Gaza, and maintained through repression in the halls of higher education.

If we fail to confront this architecture—if we allow it to be draped in the language of aid and the robes of civility—then we are complicit in its violence.

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Primary Source:
Garb, Yaakov. 2025. The Israeli/American/GHF ‘aid distribution’ compounds in Gaza: Dataset and initial analysis of location, context, and internal structure. Harvard Dataverse. https://doi.org/10.7910/DVN/QB75LB

With acknowledgments to 21st Century Wire and the journalists and students who refuse to be silent.