Tariffs Catch-All

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heelinhell said:
So the backdoor national consumer tax is really taking off !

But the good news is the BBB is cutting income taxes for the corporations and those making over 400k so it won't be long before grocery prices are decreasing bigly and inflation is eliminated so it all balances out...amirite ?
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So instead of a VAT, we have a TAT (Tariff Added Tax) which dieproprtionately affects the middle and working classes plus the poor All so that high net worth individuals and large, wealthy coroorations can continue to get more and more tax breaks, which increase wealth inequality and blow up the deficit. The middle and working classes drive the economy, not high net worth individuals.
 
nycfan said:
Because consumers don’t experience it as a tax, they experience it indirectly as an increase in the cost of goods. And it is regressive, which is preferred by many in the GOP.
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Yes, I was being a little sarcastic. I just get annoyed that when stories like this are reported, they often omit the blatant hypocrisy of the GOP taking credit for revenue gains from one form of tax, which disproportionately harms poorer Americans, while prioritizing the reduction of revenue by reducing other forms of tax, which disproportionately benefits richer Americans.

I can't for the life of me figure out why so many poorer Americans have been convinced the GOP is better for them from an economic perspective.
 
lawtig02 said:
Yes, I was being a little sarcastic. I just get annoyed that when stories like this are reported, they often omit the blatant hypocrisy of the GOP taking credit for revenue gains from one form of tax, which disproportionately harms poorer Americans, while prioritizing the reduction of revenue by reducing other forms of tax, which disproportionately benefits richer Americans.

I can't for the life of me figure out why so many poorer Americans have been convinced the GOP is better for them from an economic perspective.
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Oh yea Texas gonna eliminate income tax
So it’s just sales tax out the ears now I guess. Investor folks happy
 
lawtig02 said:
Yes, I was being a little sarcastic. I just get annoyed that when stories like this are reported, they often omit the blatant hypocrisy of the GOP taking credit for revenue gains from one form of tax, which disproportionately harms poorer Americans, while prioritizing the reduction of revenue by reducing other forms of tax, which disproportionately benefits richer Americans.

I can't for the life of me figure out why so many poorer Americans have been convinced the GOP is better for them from an economic perspective.
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Trump will throw them a bone with a few hundred dollars tariffs rebate check with some bullshit name attached to it and they will think it's the greatest thing in the world and praise his genius. Even it there's a moderate income cutoff to receive it, it will be so little that the wealthy won't even give a second thought about not receiving it because they came out like bandits with the tax cuts.

Edited to add - As I mentioned recently, my parents have already started talking about how excited they are for the DOGE checks supposedly being considered. And they aren't wealthy by any stretch of the imagination and fall for all of the GOP talking points.
 
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lawtig02 said:
Yes, I was being a little sarcastic. I just get annoyed that when stories like this are reported, they often omit the blatant hypocrisy of the GOP taking credit for revenue gains from one form of tax, which disproportionately harms poorer Americans, while prioritizing the reduction of revenue by reducing other forms of tax, which disproportionately benefits richer Americans.

I can't for the life of me figure out why so many poorer Americans have been convinced the GOP is better for them from an economic perspective.
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Lee Atwater said " Perception is reality " and his Southern strategy, campaign advisor to Reagan in 1980 and 1984 and campaign manager for Poppy Bush proved that to be true then and even today.

Lee Atwater and Roger Ailes who was a media consultant for Nixon, Reagan, and Poppy Bush, and CEO of Fox News understood that perception is reality and used media to influence perception.

I know youngsters are loathe to look to history in order to understand where we find ourselves today but reading The Selling of the President 1968 by Joe McGinniss is a classic piece of political journalism...and I am assuming lawtig02 is older than 30yo so he doesn't count as a youngster;)

It would be nice if all Americans lived their lives in accordance with objective reality, but Lee Atwater's perception is reality sadly is where we are today.
 
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What’s the next maga-sphere talking point(s) for:
- increasing inflation
- soft job market
- increasing trade deficits
- decreasing consumer sentiment
- decreasing discretionary spending
- housing at near all time highs, despite persistently elevated interest rates
- manufacturing jobs tanking
- according to Becker’s, 18 hospitals have closed to date, on top of 25 in 2024; the healthcare crisis is here and Medicaid cuts haven’t kicked in


Oh, what’s that? They don’t need talking points, they’ll just invent statistics.
 
Healing said:
What’s the next maga-sphere talking point(s) for:
- increasing inflation
- soft job market
- increasing trade deficits
- decreasing consumer sentiment
- decreasing discretionary spending
- housing at near all time highs, despite persistently elevated interest rates
- manufacturing jobs tanking
- according to Becker’s, 18 hospitals have closed to date, on top of 25 in 2024; the healthcare crisis is here and Medicaid cuts haven’t kicked in


Oh, what’s that? They don’t need talking points, they’ll just invent statistics.
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There seems to be a sudden downtick in the “I thought Trump’s policies were supposed to hurt the economy, durr,” posts here.
 
Yeah he’s raising the tariffs on India because they didn’t lie to the world about trump being solely responsible for ending the India/Pakistan conflict.

Pubs don’t seem to grasp the damage they’ve done by handing trump the power to throw out tariffs for whatever reason strikes him today. It’s probably a completely normal human reaction pubs are having because when you fuck up this horrendously it’s going to take awhile to come to terms that this was your fault.
 
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