Absolutely. There's a number of similar analyses.
Such as, the poorest 20% of the populus is being fleeced to make the top 2% richer.
I honestly think Trump doesn't have his head in the right place to see it coming and regulate behaviours so it doesn't happen.
In covid era he handed some cash out; that's as sophisticated as he can manage but the rednecks can point at it..
It doesn't have to be like that, but that IS the default outcome from a capitalist mechanism.
To make it different is counter intuitive, you have to throw the proverbial spanner in the works, stop it, and alter it. Most don't - look at Ireland.
He's focusing on the moves foreign companies exporting into the US are making to reduce the damage the tariffs are doing to shop prices, but those are minor. The man's a compulsive liar. His dollar (DXY) has weakened 15% since xmas.
Stagflation ? Maybe.
A Djenga column supported until the next announcement from China?
One of the job (eg nonfarm payroll) or inflation numbers could pull a significant block from the tower. T is lining the FED up as the fall boy. Powell has been taking the weight.