Trump doesn’t seem to know why he launched a giant trade war
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GDP is always calculated in nominal and real (inflation adjusted) GDP.
Inflation does not reduce debt to GDP by increasing the perceived GDP, but by devalueing the debt owned, as it is a fixed sum with usually interest rates fixed for a certain time
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It’s part of their plan to eliminate the IRS and federal taxation, to be replaced by a universal sales tax. However, trump doesn’t have the authority to do that. But he can tariff. And a tariff is a little bit like a sales tax.
Therefore, we get tariffs.
Now, the other problem is that the tariff revenue is going to be like 1/10 that of the IRS tax revenue, which will require a 90% reduction in federal spending. Including defense, research, healthcare, and social security. Can’t collect social security tax if the IRS doesn’t exist either, so social security is getting axed.
It will of course make 56 million seniors homeless, but thats a small price to pay for a 15% pay bump for me!
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Judging by what happened back in 2008 no, big corps just go under. They will not survive this.
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They are tariffing imported raw materials as well, like aluminum and steel.
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Well until you buy a car. So that $40,000 suv is now $50,000
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can you really copyright your comments?
By default, everything you write, from a novel to an Internet forum shitpost, is not only copyrighted by you but also "all rights reserved."
What that guy is doing is (a) making his writings more available for reuse than they would be otherwise, and (b) making a point about how fucked-up it is that corporations treat stuff posted to social media as if it were a free-for-all they could use however they want.
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The secret ingredient is crime. The casinos were fronts for money laundering and "failed" on purpose as part of the scam.
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Because hundreds of millions of people believe him and corporations bow to him and expect favour.
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Why can't we make him unalive? He wouldn't be able to play with WWIII that way...
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How much was his dads gemstone mining business worth?
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Less than a billion dollars.
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Do you actually know how much it was worth though?
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But backwards again, the nairuhcnaM etadidnaC.
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Or just watch him bankrupt USA just like his casino, I think US need to go through that pain to realize why they should not vote for a showman, TV show host again.
Sun Tzu: "Never interrupt your opponent while he is in the middle of making a mistake."
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Am I the only one surprised at how low the cost per household could be? I keep thinking it should be quite a bit higher.
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Actually in his previous presidency he managed to lose personal wealth rather than increase it. He is so incompetent he can't even enrich himself with 4 years of being president lol.
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I mean, it's getting harder and harder each day to argue against him deliberately destroying the west.
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maybe if everyone is telling you the same thing, it's not us that's wrong? food for thought.
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Yeah, they have no savings because they plow all profits into stock buy backs. Hell, a lot of them have borrowed money to do buy backs.
