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It’s a global economy with manufacturing competitors paying subsistence wages. In many countries workers make 5k per year. It’s tough if not impossible to make up for a 10 fold difference in labor costs with tariffs. It’s not gonna work. the market is heavily influenced by confidence. There’s not much of that surrounding trump. I hope that changes.
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Well done, musk. Thousands now unemployed including veterans. Important agencies like the VA now seriously understaffed. And government spending is up 7'5% from last year. Only trump and musk could pull this off. https://www.marketwatch.com/story/despite-musks-claims-the-trump-administrations-spending-is-on-pace-to-surpass-bidens-levels-19cdf24c
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I’m beginning to think trump’s cutting of social programs is ok considering the electorate. Every man for himself. I don’t benefit from any of them nor do any of my friends. We’ll pony up more to keep nor and pbs going. Just don’t f up the market. Don’t alienate our allies. And don’t cozy up to autocrats. At this point, this is probably as good as we can expect. I’d vote for that
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what party.? the party of the economically disenfranchised? you're saying that misery loves company? liberals still care deeply about climate change and women. We just now care much less about sleazy, stupid maga's and their problems. So we'll learn and play the new rules and win just like we did with the old rules. and maga's will still be losers. And most of the best business schools and economics departments are teaming with liberals. plenty to choose from.
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we were at a dinner party last night with folks near or in retirement. some had kids who played college sports but I don't believe any played lacrosse - more a baseball/football crowd. the anger that was once only directed at trump and maga leaders is now directed at all trump voters. they're the enablers. the divide and anger has never been higher. This thread is interesting in that the maga's here aren't bothered by the market dropping like a stone. that might well be due to the amount of their hard earned money at risk from trump's policies. Perhaps they feel they're owning the libs in this way. but the wealth divide isn't shrinking significantly. everyone is getting poorer or at least, less wealthy. One of the attendees last nite has recently been approached about running for office. he never considered it before but is now. 2 years from now might be a really good time to run for congress.
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So what's the plan?
Joe Ferguson forever replied to BringMetheHeadofLeonLett's topic in Politics, Polls, and Pundits
Well I never expected eliminating tax breaks for the super rich to be part of the plan . I'll believe it when I see it but it would be good for the country. https://www.axios.com/2025/03/28/trump-taxes-wealthy By the numbers: Currently the top income tax rate is 37%, charged on income above $609,351 for an individual or $731,201 for a married couple. If the 2017 law were allowed to expire, that would jump to the pre-2018 rate of 39.6%, and lower the threshold above which the top rate applies. Around 1% of taxpayers are in that top bracket, though they pay a disproportionate share of income taxes. Under the budget reconciliation rules that Republicans seek to use to extend the tax cuts, that would free up more revenue that could be used to fulfill some of Trump's populist promises, such as eliminating taxes on tips. Zoom out: It would aim to flip the script on Democrats, whose messaging focuses on Republicans potentially slashing Medicaid and enlarging the deficit in order to fund tax cuts for the super-rich. "If we renew tax cuts for the rich paid for by throwing people off Medicaid, we're gonna get !@#$ slaughtered," the White House official said. As the GOP under Trump becomes more of the party of working-class voters, the political risks of raising rich people's taxes are relatively small, compared to the payoff of cutting taxes on tips in the growing service-sector economy. A majority of Americans, including a plurality of Republicans, support raising taxes on wealthier individuals, polls have shown.