Trump tariffs will cost U.S. households $830 a year, study says
Trump tariffs will cost U.S. households $830 a year, study says
Something something cost of eggs.
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So the thing about tariffs is the government gets the money. $830 x 131 million US households means Trump is extracting $108 billion from people. And what will he do with it? Obviously pass it to his oligarch friends, there’s a reason Musk is trying to take the treasury.
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But at least we got insufficient warning to act rationally.
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Tbf, we did get a warning
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I never understood the steel tariff either. Without a support act to improve american manufacturing it just made prices higher....
We know exactly how these tariffs are going to work because we have history to prove it
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I thought it'd be more than that. That's... Uh... Kind of tame?
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Depends on if you're a paycheck away from trouble or not. Many are now...and tariffs and other effects from this admin can push many more to that point.
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The source for the data is from the Tax Foundation, which is ostensibly non-partisan, but their president and CEO worked as policy staff for three different Republicans, so YMMV.
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it doesn't include lost jobs and hatred generated.
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I thought so too. It probably is being reported kind of tame. It's probably worse.
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His Tariffs combined with big >$4 TRILLION tax cuts for the wealthy are a way of dumping tax burden to the poor
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Well today is the day. I'm really hoping it's been all bluff and bluster but I'm thinking there's a slim chance of that
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Wanted to add to this as well: In 20 US states, the minimum wage is 7.25 an hour. If someone is working minimum wage, this represents almost three weeks of work- more, because of income taxes. It would represent the consumption of, like, 20% of your gross income?
So that's going to kill people, either directly or by overwork.
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Needs an update for counter-tariffs, counter-sanctions, counter-counter-tariffs... and so on.
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Lol, that's not right.
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The tariffs combined with the gutting of FAA and musks fascist salute might just be enough for the maga cultists to leave the cult.
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Methinks you give them too much credit to their ability to rationalize and think. THeir frontal lobes are smaller than their amygdala.
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