I swear he comes across as even more senile each and every day. But …
The rich would support this - they can only consume so much after all, and most of that would be discretionary. No more income taxes on vast incomes, stop buying imported shit, huge win for them. The chowderheads supporting Drumpf would probably be enthusiastic about such an idea too - imagining their small paychecks without that hated tax deduction box and imagining no more paying every year for that scary tax return software. And then, they lose their jobs because countries that we export to retaliate with their own tariffs. Prices on pretty much everything goes through the roof (because even domestic products have foreign supply chains), and most of the cheap shit they used to be able to afford (like electronics from China, bulk foods from overseas and (fast-)foods made with it) they can’t afford now.
Meanwhile, with the economy crashing, federal receipts (both tax and tariffs) dry up and it’s Government Shutdown time. All working according to the Plan. Grandma and Grandpa lose their incomes and health care and have to move in with unemployed, impoverished JimBob and the wife, which is darn near intolerable what with all the hillbilly kids being home all the time now that the schools have been shut down. Kids that are wailing about being hungry all the time just like the oldsters.
It would be fun to see what carve-outs to the tax/tariff policy they’d have, to try to keep the MIC funded. Borrowing is of course the preferred way to fund it, but nobody’s going to be touching the bonds issued by an actively collapsing national government.
Look at this graph, when you know, then you know. Fuck all this distraction from the actual problem, orange man is a distraction.
https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States
Makes sense that profits went up, since this graph is not inflation adjusted
He’s not a distraction if he gets re-elected.
That’s probably why he won’t win again. It would be amazing to have a convicted felon as president, he’d go from being a distraction to being the thing that causes serious unrest.
I said he wouldn’t win in 2016. I was wrong.
Okay so I’ll say he will win in 2024 so then I’ll be wrong as well. It would be crazy if he won as a convicted felon, after being impeached twice, after losing in 2020 by a landslide.
Trump got the 2nd most votes of any presidential candidate in history in 2020. It wasn’t a landslide.
Trump is currently favored in polls and in betting markets. Few people care about the convictions. People who would vote for him definitely don’t care about impeachments. The far-right has a very effective and expansive propaganda machine (old media, alternative media, and social media) that can counter any negative (“fake”) news. Biden is a very weak candidate because of his physical and mental health, and the Democrats are ineffective at “controlling the narrative” compared to the Republicans. I think it’ll probably be a close election, and if I was forced to bet, I’d bet on Trump winning.
He did not lose in 2020 by a landslide. That’s just not true.
Biden won the election with 306 electoral votes and 51.3% of the national popular vote, compared to Trump’s 232 electoral votes and 46.9% of the popular vote.
https://en.wikipedia.org/wiki/2020_United_States_elections
So suggesting he has no chance of winning when he came that close four years ago and he’s likely not lost a huge number of fans is a little premature.
Numbers are even worse when you consider swing states. AZ, GA, and PA swung Biden’s away by a net 40,000 votes. Razor thin margins, for any Dem candidate.
People fixate on the popular vote, but California going Blue by an extra million votes doesn’t change anything
I guess “landslide” is pretty subjective. The difference was 74 electoral votes, 7,059,526 voters. He only won
Trump won Michigan by 10,704 votes in 2016, Clinton won the popular vote by 2,868,686 votes.
https://en.wikipedia.org/wiki/2016_United_States_presidential_election_in_Michigan
I don’t like this system so I’m done speculating.
It was only like 43000 votes across several swing states. Not by much at all.
Convicted Felon and Sex Offender Treason Trump did however lose the popular vote in a landslide and the electoral vote in a landslide.
I agree with the Squid. We should all be worried. He came ridiculously close last time. Remember the electoral college is not helping. It was basically thousands of votes in 2020 that saved us.
That doesn’t sound amazing at all, that sounds totally horrible
Yea, amazing wasn’t the right word choice. Probably should have used “absurd”, “ridiculous” or “bizarre” instead.
Amazing - causing great surprise or wonder; astonishing
Nah you were all good imo lmao people just attribute amazing to positivity
Jesus Christ, we learned that fixing the economy via tariffs was bad in 1930. Like holy shit, tariffs are nearly universally agree by every field of economics to be shitty for citizens, businesses, and then the country. It makes no one inside want to buy anything but the simple basics, even with the basics now costing much much more.
I am not a “free trade” person, but this is not how you “Make America Great Again”. Even Ronald Reagan and Dubya didn’t do tariffs as a replacement for other things.
Yes, but Trump has a “relationship with MIT” and a “very good brain” so what would those economists know?
The relationship is knowing MIT and not even knowing what it stands for…
He probably thinks it refers to Mitt Romney.
Do you know the real reason why he said he had a relationship with MIT? Because his uncle, John Trump, was a professor there.
I have a cousin who was prominent physicist at a prestigious university. Meanwhile, I dropped out of college. I wouldn’t even dream of suggesting I had any sort of understanding of physics because of my cousin. In fact, he has something named after him and he once tried to explain it to me and I couldn’t understand what the hell he was talking about.
Trump is so stupid that he has no idea how stupid he sounds.
I still stand by my words lmao
Someone did the math and realized we would need a 130% tariff on all goods to replace current income tax revenue.
People’s number one concern is inflation. If that tariff is created we will see 100% inflation over night!
I believe 130% was the conservative estimate.
Someone did the math and realized we would need a 130% tariff on all goods to replace current income tax revenue.
And probably didn’t take into account that actually the tariff would need to be even higher since imports would drop drastically from the current amount.
Horrible idea from a horrible orange blob.
MAKE INFLATION GREAT AGAIN
So become 100% dependent on foreign trade… thats a stupid thing to do when conflict is potentially right around the corner
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The real rich don’t pay any income tax tho? Not sure what you mean. Sure the high-income developers and engineers and lawyers etc. would become a richer, but they are not the rich, are they? The owners of the businesses they work at are. And they don’t pay income taxes.
In the USA in 2021, the top 1% of earners payed 26.3% of federal income from taxes, $3,872,395,000,000 Total. The top 50% of earners payed 89.6% of income taxes.
You could argue that the “true” rich people weren’t earners because they took out loans against their stocks and properties, but they’re either going to sell or die sometime and that has been true for centuries. However, Elon Musk for example won’t make your list if that’s how you measure it because he did sell and he paid billions in taxes.
Yeah, are you being fiscally responsible, chump? How much are you making? Jeff over here needs another yacht!
This freak lost a fucking Casino. The place where people just give you their money. A CASINO!!! He is an idiot and the worst “business man”. Con man looking for a new con.
Idiot is an understatement.
Unfortunately, I can’t think of a strong enough word, including the one now regarded as a slur.
Fuckwit is my go to. Or “Too stupid to breathe.” Or bring out some Linus Torvalds, but honestly Trump doesn’t deserve to be graced by that mans insults, as awesome as they are from a “JFC dude, that is going way too far”, except Trump would actually deserve them unlike the poor kernel maintainers.
Are you suggesting that Convicted Felon and Sex Offender Treason Trump is not a very stable genius?
That would be… Correct!
Not a casino. Multiple ones. Because the dumb fuck decided the best way to run resorts was to have them compete and under cut each other.
Take a look at the JOLTS data
516k job openings in April, 385k separations and 382k hires. That’s a deficit of about 100k jobs that aren’t being filled in manufacturing alone. The problem isn’t a lack of manufacturing jobs, in fact it’s the opposite. We have over a hundred thousand manufacturing jobs we can’t fill, and this matches what I hear through the grapevine at my work which does contract industrial cleaning. People don’t want those jobs, and people take advantage of the opportunities available to them to get out of those jobs. Trump would destroy the countries economy if he actually managed to implement this plan
There’s a quote from Arthur Harris that I think shows a pretty fundamental insight into the mind of a fascist.
“The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else and no one was going to bomb them.”
Someone like Trump just does not think, “And then what will they do when we triple our tariffs on their goods.” It’s an innate narcissism, the belief that everyone else exists to do things to and not to have agency of their own.
This isn’t even getting into the reality that this is just another regressive tax scheme designed to shift even more of the tax burden onto the working class.
This is one of the stupidest things I’ve ever heard.
I’m sure he’ll come up with something dumber tomorrow.
Eat the rich. Tax the motherfuckers.
Oh yes! /c/eattherich@kbin.social
The US tax rate is very similar to other nations, the only difference is what we spend our tax money on. Most rational nations spend their tax money on their citizens. The US spends it on other poor countries citizens, but not in the way you are thinking. We spend hundreds of billions of dollars to bury Palestinians under rubble. Hundreds of billions to cover Yemen people alive while they sleep. Meanwhile, school teachers in America have classes over 30 students and have to buy their own school supplies.
This is such a gloriously uninformed opinion. The benefits to the US from being a global superpower are staggering, investing a million dollars in shutting down the Houthi attacks on merchant ships or whatever returns hundreds of millions of investment back to the US by way of trade (also, they are “spending” that money on the wages of nationals, it’s not leaving the country). The Israeli Hamas is a proxy war with Iran, it’s unethical and utterly immoral, but to argue that it’s costing the US money is flawed.
There are real areas us spending is bad, the fact that the US spends over 17% of gdp on healthcare when other countries like Australia spend less than 11% does mean that Americans are spending too much money on healthcare (and literally getting shit for it), but it still doesn’t mean that they are destroying 6% of GDP.
We spend more on the military than the next ten countries combined. TWO of which are actively engaged in open conflict with each other.
I’m not sure that you understand my point. Spending money on military is an economic gain for the USA, for every cent spent they gain dollars in returns. It’s a “good” investment (from an amoral financial perspective, as said above, the ethics are appalling). Another country who spends less but also has a return to their economy less than they spend (like North Korea) is a bad use of taxpayer money. The amount of spend/return isn’t relevant, the ratio is what matters.
How much can a banana cost Michael, $1000?
Is there an infographic about this I can give to my maga relatives when they inevitably bring this up, so I don’t actually have to talk about it with them?
I am sick of free trade being stifled… Whoever makes the best product should get the money having the products I buy dictated to me is unamerican
