Yes, but you no longer have to worry about pronouns.
Also you can freely use the word retard again.
Most decent people would rather not use that word again.
Have you seen the list? There are quite a few states with populations that necessitate "the word." The data is certified. The facts are known and uncontroverted. You can't un-ring the bell, man. Not in America.
He proposed increasing federal revenue from $5.1 trillion per year to $8.7 trillion per year (a 70% tax hike, primarily on corporations and shareholders) and increasing spending from $7 trillion a year to $8.9 trillion per year. Trump is going the opposite way on spending with budget cuts and is increasing taxes on everybody (not just the wealthy) through tariffs. Unlike tax Biden’s proposed tax hikes, the tariffs actually incentivize Americans to purchase US goods. A 70% tax hike (primarily on corporations and shareholders) would kill the stock market, as it makes owning stocks more expensive.
oh please
biden wasn't give autocratic ability to change the economic course of the nation all by his lonesome, without congress. and if he had been given that, he wouldn't have used it.
the problem here is that trump is bypassing congress to do terrible things to us, in the name of phony national emergencies.
congress wouldn't agree to any crazy biden plan and it wouldn't have agreed to this crazy trump plan either.
this is all on you idiots for voting for this. And on congress for handing over the government to a moran.
Well, there is obviously a HUGE difference. Biden is not an economist. Trump is, and perhaps the goat. Wharton. Top of his class. So, nobody on this site should be talking economic policy. The big dog is all over it.
Means the prices get passed along to the consumers “finance guy”.
Manufacturer, distributor, retailer, consumer
I’m part owner of a distribution company (we also do some manufacturing at our warehouse in South Carolina). Some of our products are imported from overseas. We can negotiate some of the expense with our manufacturer and we will eat some of our margin to the retailer. The retailer will eat some of their margin before the consumer pays the rest.
He truthed a couple charts of reciprocal tariffs. Every other country has equal or higher tariffs than we do on theirs (ex: China has 67% tariffs on America goods, we now have 34%; EU has 39% tariffs, we have 20%).
I think reciprocal tariffs would be fine and would be fine for the markets. But the haphazard and schizophrenic way he's implementing them isn't good - too much uncertainty which causes stocks to go down
This is the full list of reciprocal tariffs that Trump announced: China: 34% European Union: 20% South Korea: 25% India: 26% Vietnam: 46% Taiwan: 32% Japan: 24% Thailand: 36% Switzerland: 31% Indonesia: 32% Malaysia: 24% Cambodia: 49% United Kingdom: 10% South Africa: 30% Brazil: 10% Bangladesh: 37% Singapore: 10% Israel: 17% Philippines: 17% Chile: 10% Australia: 10% Pakistan: 29% Turkey: 10% Sri Lanka: 44% Colombia: 10%
(34% for China is only the reciprocal portion. Total is 54% including the 20% already announced)
When asked how countries like China, which will see a 54% total tariff rate on imports, should respond, Bessent said, “We’ll see what they do.
Be ready for the normal $140 running shoe to be $180–$200. Huge increase in prices soon for everything else not made in USA, like your electronics, clothes, toasters, etc.
The Ghost 16 is the only shoe I use to run. It's currently at $109, discounted from $140. But it's mainly made in El Salvador, Vietnam, and other countries. So the prices will almost certainly go up as well.
This clip from President Trump may be the most important from the entire Rose Garden speech.
Yes, the markets are going be jittery in the coming days, weeks, and months. But those same people telling Trump he's wrong, have been wrong about nearly every major geopolitical and… pic.twitter.com/QWczwW0bBZ
WISCONSIN: Soros-backed Susan Crawford outspend Musk-backed Brad Schimel by almost 230% with 70% coming from out-of-state billionaires. Both candidates benefited from $40 million (each) in outside spending with Elon Musk spending as much as $14 million making the race the most… pic.twitter.com/Smu9jwWHhn
JUST IN: Democrats Hakeem Jeffries, Chuck Schumer, and the DNC have filed a lawsuit against President Trump to stop his executive order banning non-citizens from voting in U.S. elections.
Agreed on bolded part but you are missing that Trump just tariffed low labor cost countries to heck. Vietnam 46%, Sri Lanka 44%, Cambodia 49%, Thailand 36%, etc. We are screwed.
I don't really care if a shirt goes up a bit
4 months ago you allegedly cared about inflation a lot.
This reminds of Covid. Show me a real estate guy who CANNOT STFU when the doctors and scientists are talking about a pandemic, and I’ll show you a guy who very well might not be an to solve any problem, ever.
History has been pretty clear that they will not eat their margins forever.
It also provides no room for increases other costs like materials or fuel
Yes, I was going to mention that. The decrease in margins will be temporary. That give us time to phase in over time like we’ve seen with inflation for the past 4 years.
Inflation because of inefficiency and supply constraints is not the same as inflation due to revenue going to our government.
There will be some pain, and we need some pain to solve our debt problem. I actually hope Trump doesn’t get too crazy with tax cuts because I think we need all the revenue we can get. It’s so politically toxic that nobody has made a real effort to attack the debt.
For the record, I’d be okay with a much higher marginal tax rate for earners over $2M (something like 45-49%).
History has been pretty clear that they will not eat their margins forever.
It also provides no room for increases other costs like materials or fuel
There will be some pain, and we need some pain to solve our debt problem. I actually hope Trump doesn’t get too crazy with tax cuts because I think we need all the revenue we can get. It’s so politically toxic that nobody has made a real effort to attack the debt.
we’re not supposed to be in any new military conflicts so how much do you think Trump will cut the defense budget?
And I really want to highlight that government needs to be more accountable and efficient to make this work, whether or not you think Elon should do it, it needs to be done. We can increase our revenue by 50% and historically we find a way to spend it all and still borrow more.
Heading out for a night run. I hope someone can suggest a better way to tackle the debt or tell me why it will not end terribly if we don’t correct course.
Trump is playing 5D chess on all these liberal countries that have been looting and pillaging us under for decades under Biden. Every fiscal sector of the American economy is booming under the Trump tariffs while liberal ideologues run around like chickens without their eggs.
YES!!!! should be 100% tariffs across the bored but Trump is a good business man and will squeeze these countries slowly so they give us better prices in the future. This will also bring back a lot of desperately needed jobs. My son will be able to start working in a factory when he turns 14 or so and I couldn't be happier.
I don’t think tariffs are the way to solve the problem.
The amount they will raise is vastly overstated. Also slow slowing down economic growth is not a good way to raise revenue especially when you are going to also lower taxes..
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