A populist undercurrent running through President Biden’s State of the Union address and churned up by turbulent conditions in the global economy is resonating with Americans. It’s the feeling that people are “getting ripped off,” as Biden put it, by an economy that isn’t “fair” — a word that appeared in Biden’s prepared remarks nine times. From pesky fees charged by big retail banks to deep, structural imbalances in the U.S. tax system that favor wealthy people and large corporations, Biden’s speech hit on a perennial frustration in American economic life: how the deck feels stacked by big companies and institutions against ordinary taxpayers and consumers. “If we — the poorer people, the middle class — pay tax, the big companies are supposed to do the same. This is right. So I think the president [said] something that is true. We need more tax to be paid by the big companies, and then that money can go back to the poorer people to help people,” Jean-Michel Dossous, a New York City cab driver who watched the State of the Union on his phone, told The Hill. Returning to the notion of economic fairness again and again, Biden touted numerous initiatives
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