I think you are enjoying having the breadth, the ‘luxury’, of discussing real data in real detail and without polite understatement. Not sure it would be easy for you to go back to compressed 5 minute news bits.
Tariff revenue is also a massively regressive tax, paid mostly by the working and middle classes, who have to spend almost all their income to survive. Whereas the rich only spend a small portion of their income, so if Income Taxes are greatly reduced, once again they will be the main beneficiaries. The rich will just keep getting richer, while everyone else suffers.
GDP grew 1.4% in Q4 2024, down from 4.4 percent in Q3.
39% approve of Trump on the economy
70% describe economy as poor.
60% say the country is worse off.
76% rate economic conditions negatively
65% disapprove on inflation.
39% approve?
The same ones either still blaming Biden or insisting, as I have seen online, that they are doing better than ever. Other than being brainwashed or just outright lying because they can’t handle being wrong, I can’t figure out what world people could live in and actually believe this. They never walk into a store? Never pay a bill?
The only ‘factory’ building going on seems to be ICE gulags which is emptying the treasury not feeding tax revenue into it, not to mention what it is doing to the labor market that needs workers.
Trump said exactly why he favors tariffs—he wants to eliminate income taxes for the people he loves. Billionaires.
Meanwhile, by continuing to claim that foreign companies will pay taxes instead of American consumers, he’s made it seem like “winning” to his base supporters.
The question is, will his supporters believe him or their own lived experiences? Sadly, history suggests the answer.
Well, that’s the whole idea. It’s just that if you’re the one paying taxes, you inherently think it’s “unfair”. If they put me in charge, I’d let you spend half of your taxes on stuff you want to—lay out the proposed budget, and say “this is what we need to spend, what we actually have to spend is up to you.” And if you REALLY think we should spend more on some things, feel free—that is a tax free donation to the cause you believe in that will reduce your income.
I think you are enjoying having the breadth, the ‘luxury’, of discussing real data in real detail and without polite understatement. Not sure it would be easy for you to go back to compressed 5 minute news bits.
Tariff revenue is also a massively regressive tax, paid mostly by the working and middle classes, who have to spend almost all their income to survive. Whereas the rich only spend a small portion of their income, so if Income Taxes are greatly reduced, once again they will be the main beneficiaries. The rich will just keep getting richer, while everyone else suffers.
I mean, how do you square this?
GDP grew 1.4% in Q4 2024, down from 4.4 percent in Q3.
39% approve of Trump on the economy
70% describe economy as poor.
60% say the country is worse off.
76% rate economic conditions negatively
65% disapprove on inflation.
39% approve?
The same ones either still blaming Biden or insisting, as I have seen online, that they are doing better than ever. Other than being brainwashed or just outright lying because they can’t handle being wrong, I can’t figure out what world people could live in and actually believe this. They never walk into a store? Never pay a bill?
The only ‘factory’ building going on seems to be ICE gulags which is emptying the treasury not feeding tax revenue into it, not to mention what it is doing to the labor market that needs workers.
Trump said exactly why he favors tariffs—he wants to eliminate income taxes for the people he loves. Billionaires.
Meanwhile, by continuing to claim that foreign companies will pay taxes instead of American consumers, he’s made it seem like “winning” to his base supporters.
The question is, will his supporters believe him or their own lived experiences? Sadly, history suggests the answer.
Just think what we could have if billionaires and especially large corporations had to pay their fair share in taxes.
Well, that’s the whole idea. It’s just that if you’re the one paying taxes, you inherently think it’s “unfair”. If they put me in charge, I’d let you spend half of your taxes on stuff you want to—lay out the proposed budget, and say “this is what we need to spend, what we actually have to spend is up to you.” And if you REALLY think we should spend more on some things, feel free—that is a tax free donation to the cause you believe in that will reduce your income.
Yeah, do they actually believe him or are they too proud to admit they’ve been had?
That’s the problem. The mark in the con game doesn’t get it until too late.