This is an opinion piece based on an article written by a hedge fund manager.
(I didn't read the original arguments from the hedge fund manager).
But I do find the ideas compelling.
(Mostly because they conform with my own crystal ball is predicting).
Trump is the cause of nothing. He is just the representative of a new era of "fiscal irresponsibility."
I do see rising wages as a positive outcome of this new era.
A gradual devaluation in the dollar and the deterioration in the credit worthiness of the US government is a cost.
Retirees (especially those on a fixed income) should be the ones that suffer.
The moderately wealth and super wealthy should remain unaffected- as they will further diversify their assets.