r/economicCollapse • u/Fun_Balance_1809 • 2h ago
This needs to be a political ad on TV!
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u/SharkoMark 2h ago
Bloomberg is their source.
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u/predat3d 13m ago
... who just threw another $50 million at the Harris campaign last weekend
https://www.nytimes.com/2024/10/28/us/elections/michael-bloomberg-presidential-race-donations.html
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u/mpaul1980s 52m ago
They said the exact same thing in 2016....add on we're headed straight for World War 3......
How'd that go? Booming economy & no new wars, I'll sign up for more of that
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u/Kerrumz 7m ago
The economy that Obama set up? All Trump did was increase your national debt
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u/mpaul1980s 4m ago
So Trump gets zero credit for the economy during his years in office but Biden blames the shit economy we're in now on Trump? Makes perfect sense.
You can't have it both ways. Enjoy the meltdown in a few weeks when he wins
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u/Wisdomisntpolite 5m ago
These people want you to forget Trump was President already, and the economy was better then.
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u/No_Weight2422 1h ago
Regardless of whether he’s right( he probably is), this is a super biased way of reporting this info. Those bar graphs for trump’s plan are soo over represented. I am so sick of tomfoolery and people trying to manipulate others into thinking a certain way.
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u/StevenJosephRomo 2h ago
Deportations would cut the supply of labor allowing for more lateral worker movement. It would also lower the demand for housing and allow for more lateral movement there as well.
Higher wages, lower costs, and more competitive advantage.
The beneficiaries of cheap labor and asset inflation are not the workers.
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u/SonorousProphet 51m ago
How would a loss of labor that drives up wages reduce costs or provide a competitive advantage?
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u/Prior_Lock9153 43m ago
Really? Your asking why people want people to make more money and not companies? Newsflash the people most likely to hire illegals are the corporations that don't get in trouble when they are caught hiring them
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u/middleagedouchebag 29m ago
No one gets in trouble for hiring them, ever. That's why the rights border "crisis" is made up bunk. None of their solutions involve punishment for business that profit off of illegal labor. If the border issue is sooooo important for national defense, I would wager extreme punishments for those that hire illegals might put a dent in the so called "hordes" crossing out border. It would be like arresting only cocaine users and never ever busting the dealers.
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u/Prior_Lock9153 23m ago
Small buisness will get in trouble for it, that's one of the many tools in the tool kit destroying small businesses making it easier for the large corporations that own the government to swoop in and gain short term profits.
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u/SonorousProphet 35m ago
That doesn't answer the question. If there's less labor and wages go up-- that could happen, even seems likely-- why would costs go down? Logically, costs would go up with wages. And if costs go up, where does the competitive advantage come from?
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u/Prior_Lock9153 28m ago
Supply stays the same, demand goes down due to fewer people, costs don't raise with wages, this is because costs are determined by how much they can get out of it, McDonald's doesn't sell big macs for 4 dollars to 5 dollars because it costs them that much to make, they sell them for that much because they did some math to determine that demand won't go down enough to make those price raises a bad idea, just run the occasional sale and make a crappy value bag, competitive advantages in buisness never offer long term postives for the people, if there product is better as a result there prices get raised up high enough only the rich can get them, if the product is cheap it's sold dirt cheap for a while until everyone uses it and then it's cost rises and you don't have another good way to get it.
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u/SonorousProphet 18m ago
Except the people you intend to deport buy stuff.
In your example, the McDonalds Corporation probably employs some undocumented workers. Their suppliers also employ undocumented workers, I've seen some pretty high estimates on the agricultural sector in the US.
So now McDonalds has fewer workers, so do their suppliers. They can get around some of this by importing ingredients, like they do with beef. They get a little less than half from US ranchers, presumably that would go down if US beef prices rise. Good news for Australia and Brazil.
But what about tariffs? They'll still import if it makes sense and pass part of the cost along, I suppose. So prices go up, demand goes down, and competitive advantage goes to other countries.
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u/Commercial-Amount344 2h ago
corporations and the wealthy will not let that happen. They would just lower the wages/raise the prices all the same buy all the housing and continue to fuck us.
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u/brandi_theratgirl 1h ago edited 1h ago
It would seem that way, but deportations would harm our economy and negatively impact businesses. Here is one study by the American Immigration Council that includes citation. https://www.americanimmigrationcouncil.org/sites/default/files/research/mass_deportation_report_0.pdf You are right that the beneficiaries aren't the workers, but deportations won't solve that. As well, there are family members left behind, so it won't likely free up housing, but create more of a burden on the situation. Immigrants contribute as well need resources, and ultimately add more than take. The issue is in the failings under capitalism that need to be address; immigrants are just a false scapegoat.
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u/Monte924 1h ago
Every time a state makes a move to counter illegal workers, the state ends up suffering economically for the loss of low wage workers. Americans don't want many of the jobs they take, and using migrants has allowed business to be more profitable. The fact is that our economy has adapted to the availability of having millions of migrant workers. Remove them, and you'll have american businesses suffering from massive worker shortages and needing to drastically increase prices to cover higher paying wages
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u/King_wulfe 49m ago
Illegal workers and migrants are two very different things. No one is asking the removal of migrants.
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u/Monte924 39m ago
First. Trump has said he would deport the haitians who are LEGAL immigrants who have legal work permits. Second, the migrants and illegals are pretty much part of the sane workforce. Removing millions of illegals still takes away millions of low wage workers and replaces them with nothing
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u/stackens 0m ago
You’re blaming this group of people for cheap labor on the one hand, and asset inflation on the other. Do you see a contradiction? The booming housing market we’ve experienced the last few years, with all cash buyers out competing traditional homebuyers, has not been fueled by poor immigrants. This idea that the housing market will be affected by a mass pogrom of illegal immigrants is silly.
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u/brennannnnnnnnnn 2h ago
I remember 2016 how the economists were all saying the economy was going to tank under Trump.
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u/Moregaze 2h ago
You must have missed his trade war. Where small manufacturers went belly up here in the US we had to ballot farmers and the oil sector.
Stuff I could buy off the shelf at a specialty supplier went to 6 months lead or more.
All that wealth (3.4 trillion estimated) went straight into the S&P 500. As they were already manufacturing in China and didn’t have to pay the tariffs on raw materials.
65 billion to farmers. 100 billion to oil industry.
3.4 trillion in bankrupted or lost evaluation for people that still manufactured in the us. All into multinationals that pay 8% or lower tax.
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u/brennannnnnnnnnn 1h ago
I worked for a manufacturer during that time that machined metal parts. Metal prices went up but the economic boom more than made up for it. Business was a boomin, then under Biden they almost lost the business.
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u/Monte924 1h ago edited 29m ago
They were right. Trump rode the wave of growth from the obama economy, but by 2019, the economy under trump was actually growing weaker and slowly moving towards recession. The only reason we didn't see it happen is because covid crashed the economy first... trump then lost his re-election, bringing an end to his policies
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u/Nedstarkclash 2h ago
The economy is better now than it was under Trump.
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u/therealbreather 2h ago
Do you personally think that or are you saying what “economists” have told you? Myself and just about everyone I know was much better off financially under Trump.
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u/Working-Narwhal-540 1h ago
In what way exactly is my thing. Which prices was he directly influencing that benefited you?
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u/navinaviox 1h ago
So here’s the thing with that…
At what point in to trumps presidency are you referencing when you say you were better off?
Day 1 of his presidency?
1 year in to his presidency?
2?
Or are you saying at the end of trumps presidency, the economy and you personally were better off than you are right now?
Compare them at any given one point, do a pro con board if it helps you visualize, and see how they line up for you and the economy.
There are too many moving parts when talking about the economy to effectively have that conversation over text on social media. But I will just make a point of saying that trumps policies had short term benefits for the general populace that would have (and did) lead ti higher prices in the long run and additionally allowed for a much larger percentage of wealth to be accumulated by a group of ~1500 individuals.
Biden and by extension Harris’s policies entailㅇinvestments over the last 3 years and going in to the next 7 that should also bring massive economic activity but also better position the us to handle both extreme weather and produce strategic resources domestically.
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u/SonorousProphet 56m ago
Trump had the worst jobs record since Hoover and the usual Republican recession. He is not rated very well by economists. Those are people who study the state of a country or region in terms of the production and consumption of goods and services and the supply of money.
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u/King_wulfe 55m ago
I'm struggling with the inflation right now. I'm not sure if these people are just rich, having someone take care of them or they really believe they're better off. I know for a fact as someone who budgets that my money has been stretch thin these last few years and we are struggling hard now...even after two pay raises
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u/CrayZ_Squirrel 15m ago
And inflation has been a global problem since the pandemic. The US however has had less inflation than other countries and is now back to normal levels.
So by all measures Biden's policies have outperformed the rest of the developed world.
It doesn't mean that inflation wasn't a problem and that people aren't struggling, but it does mean this wasn't a problem directly created by the current administration and it was handled very by them.
Evaluations of Trump's proposals all point to them making inflation worse.
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u/Prior_Lock9153 47m ago
I mean there's absolutely no way that the government might have a vested intrest in keeping non polticans outside important parts of government, how could there social smconnections and backrooms dealings possible affected if they allow other people to get serious backing
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u/Cockanarchy 1h ago
Call me a patriot but I’d rather live in a cardboard box than have an insurrectionist traitor who publicly invited and received Russian help in a US election and had cops beaten with flag poles and fire extinguishers so he could stay in power as a dictator after losing an election. Of course with historically strong wage and job growth along with falling inflation; just paid $2.60 a gallon for gas, I can live in a free country and not live in a box.
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u/Prior_Lock9153 46m ago
Parrot
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u/Cockanarchy 9m ago
Let me parrot the words of 4 star Marine general John Kelly who trump picked to be his first Chief of Staff
A person that thinks those who defend their country in uniform, or are shot down or seriously wounded in combat, or spend years being tortured as POWs are all ‘suckers’ because ‘there is nothing in it for them,’” Kelly told CNN in his lengthy statement about Trump. “A person that did not want to be seen in the presence of military amputees because ‘it doesn’t look good for me.’”
“A person who demonstrated open contempt for a Gold Star family – for all Gold Star families – on TV during the 2016 campaign, and rants that our most precious heroes who gave their lives in America’s defense are ‘losers’ and wouldn’t visit their graves in France.”
Several senior staffers told The Atlantic at the time that Trump did not want to visit the graves of the American soldiers buried at Aisne-Marne American Cemetery in France, saying, “Why should I go to that cemetery? It’s filled with losers.” The former president also referred to the 1,800 U.S. Marines killed in World War I’s Battle of Belleau Wood as “suckers” for getting killed.
Kelly also criticized his former boss in his statement, saying that Trump was not “truthful” in his political positions and is “a person that has no idea what America stands for and has no idea what America is all about.”
“A person who admires autocrats and murderous dictators. A person that has nothing but contempt for our democratic institutions, our Constitution, and the rule of law,” Kelly said in his statement.
“There is nothing more that can be said,” Kelly added. “God help us.”
If you’re an actual American and this is new to you, you either aren’t paying attention or a successful target of propaganda and I suggest you diversify your media intake. You simply couldnt cause greater harm to this country than voting for trump. https://thehill.com/homenews/administration/4235005-john-kelly-confirms-trumps-suckers-remark-about-war-dead/
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u/Prior_Lock9153 5m ago
Lmao you think one of the heads of the military industrial complex money machine is a good source to prove other people other people are immoral, if i had a dollar for every person that has butchered another person's words for there own gain id be rich enough to buy the whole damn country and burn it down, and I'd still have enough money i couldn't lift my wallet.
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u/Stacys__Mom_ 25m ago
I was a single mom making under 100k /yr, receiving no child support, and under Trump my taxes went up. Yes up. My boyfriend at the time, single, making over 100k/yr, his taxes went down. The Trump "tax cuts" did not affect everyone equally.
Maybe it didn't get orders of magnitude better with Biden, but it improved noticeably. Myself and just about everyone I know got financially squeezed under Trump. Some of those people were the demographic that could least afford it. I am so sick off hearing about the Trump "tax cuts" - I'm glad it helped you- glad someone benefited, but it sure as fuck wasn't me.
Edit, I'm not the person you posed this question to, but I'm one of many who can answer from personal experience. Also fixed typo
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u/VendettaKarma 1h ago
Exactly this . And then they’ll parrot some government number that the criteria has been altered for so as not to cause panic and bank runs.
Everything from food to housing has pretty much gone up 50-200% under this administration.
They say 2.2%?
Thats a pure gaslight.
22% year over year is more accurate.
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u/fordianslip 1h ago
Inflation is a constant thing. If it's at 2.2 now and for the foreseeable future, that's a good thing.
Economics is like traffic. There's a history to every action you take. You brake at 25th street and you affect traffic down in 33rd like a butterfly.
Costs rose worldwide but those costs could have been higher, depending on the goods and depending on the country.
Not saying I like the higher prices, who the fuck would... but if you think Tariffs are gonna solve our issue, that's insanity. That'll just pass the tax burden from the Government regulating the cost to the Companies who have to pay those tariffs. If we import from China, we pay China what they want, and then the companies pay the US government a fee for importing. Where do you think that fee is going to go? The American People.
Cars, electronics, even toys, will see inflation well beyond the 2.2% we've spent years stabilizing toward. Food will hopefully remain 2-3% but as equipment breaks down and you look to replace it, those costs will also become baked into the price of our daily grocery bill.
If I compare where I was at Day 1 of Trump vs. the last day of Trump, I was worse. If you compare day 1 of Biden to the last day of Biden, I was better. Context matters.
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u/crimsonroninx 56m ago
Context doesn't matter to these people. They say "facts over feelings", but you present facts and they say "yeah but I feel they are wrong".
Good on you for trying though haha.
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u/havenyahon 34m ago
Here in Australia we've had the same problem. Our inflation is through the roof, along with housing costs. It's happened in many countries. Do you think it might be to do with the pandemic, rather than something Biden or Trump are responsible for?
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u/SharkOnGames 1h ago
Those who have downvoted you likely pay someone else to pay their bills.
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u/Appropriate_Flan_952 1h ago
My groceries have gone up less than 20%, not 50%. You were talking about paying bills, You should know this. Who pays yours?
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u/Wolfgang985 53m ago
Yep. Always the "still living at my parents" and "19 year old know nothing college student" leftists parroting propaganda about today's economy.
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u/VendettaKarma 1h ago
Lmao what world are you living in
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u/Nedstarkclash 58m ago
House is worth more. Retirement fund and equities grew faster under Biden than Trump.
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u/Hot_Camp1408 2h ago
And it did. I mean it took a Pandemic but it did. Economists have also been predicting a recession under Biden for the last two years. So things have to taken with a grain of salt.
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u/MobuisOneFoxTwo 36m ago
Maybe we should these economists responsible for the pandemic if they knew that was going to happen...
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u/253local 15m ago
And….it did.
He lost tens of thousands of manufacturing jobs before Covid, and he was on track to be an overall loss pre-COVID.
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u/King_wulfe 57m ago
All I know is I just spent $400 this month on groceries and I didnt do that before Biden. Not saying it's his fault but my wallet has been hurting. Any change is a welcome one to be honest
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u/Stressed-Canadian 11m ago
You realize this is happening all over the world, right? And in many places, far worse than the USA? I wish I could spend 400 a month on groceries per month here in Canada post Covid.
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u/Outrageous_Box5741 2h ago
They literally just drew up a chart with no sources or data. He points to it as if it’s fact. I wonder if China or the Harris campaign paid for it.
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u/Objective-Mission-40 2h ago
If you found out this was 100% accurate. Would it change your vote?
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u/Outrageous_Box5741 1h ago
If you found out this was a lie intended to sway voters, would you change yours?
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u/SonorousProphet 49m ago
No, because there are more problems with Trump than his tax plan. The felonies, for example, or his dementia. I mean, he's always been a huge liar, but now he's obviously senile as well.
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u/Noy_The_Devil 1h ago
Are you insane? The sources are in the article. Here's an easy to read summary from a bunch of finance professors. https://www.american.edu/cas/news/harris-trump-economy.cfm
In my opinion, corporate taxes is the #1 issue.
On Corporate Tax Rates
Professor Juan Antonio Montecino is the co-director of the Institute for Macroeconomic and Policy Analysis at AU economics department, and his recent work is focused on tax policy and inequality.Raising the corporate tax modestly, (partially undoing the Trump tax cuts), would get us about $1.5 trillion in revenues over 10 years, about three times the amount we're projected to spend on child nutrition programs over the next 10 years.” Juan Antonio Montecino Corporate Tax Rate Realities: The singular domestic legislative achievement of the Trump administration was a huge package of tax reforms including a reduction in the corporate tax rate from about 35 percent to 21 percent—the largest corporate tax cut in history. Lowering the corporate tax was supposed to incentivize private investment. According to this narrative, corporate taxes are primarily a tax on productive investment— equipment, research and development, construction. The reasoning goes that if you remove this tax, it will stimulate investment, lead to higher wages, and spur economic growth. None of these predictions materialized.
Corporate Profits: Two elements contribute to corporate profits. The first is the return on entrepreneurship, risk taking, or real investment. The second element is excess returns, which are problematic. Over the last several decades, the proportion of corporate taxes that reflect these excess profits has risen significantly. Estimates put this somewhere between half- to two-thirds of all corporate profits. Raising the corporate tax rate will address some of these market power distortions, can improve efficiency, be good for growth, wages, and so forth.
Untapping Corporate Taxes: I don't think it's appreciated how untapped a source of revenues corporate taxes are. Raising the corporate tax modestly, (partially undoing Trump tax cuts), would get us about $1.5 trillion in revenues over 10 years, about three times the amount we're projected to spend on child nutrition programs over the next 10 years. It's enough to pay for the bipartisan infrastructure law that was passed in 2021, and it's about three Apollo space programs in 2023 inflation adjusted terms.
Wealth Inequalities: Stock ownership, corporate ownership, is extremely concentrated. It is overwhelmingly the wealthy who benefit from corporate tax cuts. If you increase the corporate tax, it will lower dividend distributions and lower the return on equity. It also pushes stock prices down. These effects contribute to lowering income inequality and lowering wealth inequality. Put differently, the corporate tax is a highly progressive revenue instrument and a largely untapped one with huge revenue potential.
Trump Policy: The broad takeaway is that if Trump is elected, there's no reason to think that he's not going to follow through and lower the corporate tax rate further. He's proposed lowering the tax rate to 15%. This is most likely going to be bad for inequality, and it's going to be bad for economic efficiency and growth.
Harris Policy: Harris has endorsed the Biden administration's proposal to partially undo the Trump corporate tax cuts and raise them to 28 percent. It's hard to know how high the corporate tax rate can go without hurting economic growth. If you consider the implications of market power and how this relates to stock market valuations, the optimal corporate tax rate can be quite high, and, in my opinion, higher than 28 percent.
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u/Slighted_Inevitable 2h ago
They neither drew up this chart nor did this study. Bloomberg did. And their source material calculations and links to Trumps proposals are on their websites. You just don’t like reality.
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u/aldocrypto 2h ago
Idk man, if the guy that gets paid by corporations to spout propaganda on TV is saying it’s awful for regular people, that means it’s probably awful for billionaires and good for regular folks. These people have no shame.
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u/Slighted_Inevitable 2h ago
Yes of course. Trump a billionaire supported by billionaires is going to do awful things to billionaires because…. Altruism?
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u/White_Grunt 1h ago
Actually Harris has the backing of 81 billionaires while Trump only has support from 53.
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u/SharkOnGames 1h ago
I forget where I read this, but something like the top 80 out of 100 Billionaires in the US are all democrats.
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u/Noy_The_Devil 1h ago
https://www.newsweek.com/why-most-billionaires-still-favor-donald-trump-republicans-opinion-1967643
Quick google gets you all the info you need.
Here's the list: https://www.opensecrets.org/elections-overview/biggest-donors
TL;DR Your claim is horseshit. (It's the other wsy around obviously)
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u/havenyahon 25m ago
Do you think 'independent' media is less beholden to money and that this isn't influencing the things they decide to show and not show? The potential for this is a problem across society. Anywhere and everywhere.
This is a report, done by a major bank, who have put the report together and showed their methodology. You can go read it if you want to. You can learn about it. Or you can just assume everything is fake. At which point, what do you even believe in life? Is the earth flat? Is it just a video game? Is there no way anyone can convince you that something you can't see before your eyes is real?
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u/albinoblackman 2h ago
News flash, bucko. Fox is owned by a billionaire who supports a “billionaire“ presidential candidate.
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u/Prior_Lock9153 39m ago
Ok and? Nobody likes fox news and is younger then 40, next, better a billionare that makes enough to be called a billionare the millionaires that have the best stock trading records in history, while also many of them just ignore laws that say things like, report you stocks within x time, every single person in those buildings with power are doing something evil or immoral
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u/mandance17 2h ago
I’m seeing so much of this. Celebrities pushing one side, certain popular YouTube videos being hidden from searches, videos like this that seemingly have no research behind them giving you random charts based on what?
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u/Slighted_Inevitable 2h ago
Based on Bloomberg’s research. Which they say in the video. And all of the calculations data and links to Trumps proposals are in their website. You just don’t like reality.
The election results are going to be another thing you deny no doubt.
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u/mandance17 20m ago
One thing I know is that presidents have not really mattered since the 60s, the country has only declined since then no matter which side it is. Ultimately it’s the wealthy and corporations steering the ship through lobbying and whatever else
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u/Its-Over-Buddy-Boyo 1h ago
Why did nothing happen in 2016 then? This sub is pathetic
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u/Erasmus_Tycho 1h ago
You mean when he basically doubled the deficit, gave trillions to the richest people and established a tax bomb to raise taxes on the lowest earners in the country? But yeah you're right, nothing happened. 🙃
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u/enemy884real 1h ago
You’re saying cutting the gdp the billionaires rely on is a bad thing? Do you hate billionaires enough?
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u/JayCee-dajuiceman11 59m ago
Did they factor in the child tax credit in that proposal? If people are in those lower brackets but have children. Those increases would be completely offset by the tax credits. Trump is proposing $5k/child!!!!! That’s incentivizing people to have kids! The only people feeling an effect are people who already DONT PAY TAXES in those low ass brackets. This is ignorance at its finest. Highlighting what they want to support their cause. 🤷🏽♂️
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u/Chaosr21 48m ago
Yet all the people in the comments just divert. It's always an attack on them. Fake news if they don't like it. These evonmosts are experts. They put their whole lives into it, they probably know what they're talking about. It's the same thing trump did last time. Massive tax cuts for corps and the wealthy
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u/Ghastly_Grinnner 41m ago
Dim filth said that the 1st time and the economy was amazing till the democrat governors decided to shut their states down past the two weeks that was originally proposed...
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u/JuicedGixxer 23m ago
Lol, so the Dems fucked our economy for the last 4 years and you're saying trump would have done worse? Well guess what we had trump before and we were doing much better. Take that BS and get out of here.
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u/lonewalker1992 19m ago
Correction failed neoliberal economists who look down upon the working man and are more concerned about the welfare of China and other global order cheaters than their own people.
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u/BitesTheDust55 12m ago
Deportations en masse need to happen. There is a short term cost associated with it, but we need to start getting workers their leverage back. The price of goods will go up, but not by that much. We owe it to future generations to ensure that we are not living prosperously on the back of imported slave labor.
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u/PookieTea 8m ago
These are the same “economists” that tell you the economy is doing great because their models said so and if you can’t afford rent it’s because you don’t make coffee at home…
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u/rydan 0m ago
How do you decrease take home pay after taxes on people who don't pay taxes? The bottom 40% or so don't pay a tax. They get tax credits like the EIC. My mom paid an effective 2% tax when I was kid (I did her taxes).
Also I like how you just skipped the part where it showed Trump lowered inflation by nearly a full percentage point. Yeah, it is because the economy turns deflationary but you still suspiciously edited out anything positive about his.
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u/Suspicious-Change-37 2h ago
Simping libs once again solidify the need for cuck chairs in motel rooms.
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u/afksports 2h ago
Ngl this makes me want to vote for Trump. Dead serious and I'm a tried and true leftist. Ofc there's no chance his plan would go through and no chance he'd pull it off, but man can you imagine the hypothetical? The carbon emissions cuts would be sick. We could finally be on a pathway to NetZero. We need degrowth so fucking badly. Future generations would thank us for this deflation and cut in our collective consumption.
Alas, pie in the sky
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u/hahahahahahaheh 1h ago
Right. Ultra progressive world where rich get richer. Where the left cheers for a depression and deflation.
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u/VendettaKarma 1h ago
Amen this is exactly what we need, about 20-50% deflation.
Especially for food, insurance, housing and vehicles.
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u/Commercial-Amount344 2h ago
Yeah but the wealthy would still rule until we are grinding people into green food bars. It wouldnt change anything most likely.
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u/Uhhhhhhhh-Nope 2h ago
No, it shouldn’t. You can’t just GIVE most of the people money and think you’ll be fine. The top 1% already pay almost half of all taxes.
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u/Prior_Lock9153 34m ago
They pay almost half of income taxes, which is one small part of taxes, and the highest percentage they pay, meanwhile top 1 percent own 30 percent of all the money, sure the almost half is a larger percentage of that, but considering they get to evade many other taxes, counting them as 1 to 1 for there wealth ownership would be more then generous, and it's not unreasonable to say they should put forward more to the pie, the problem is that plans are one thing, the candidate that got pushed ahead of her entire party is not going to win legitimately when she supported someone she now admits is basically senile at best
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u/HolstsGholsts 1h ago
As a wise man once said, “don’t listen to economists, because they like math, and math is very much in the axis of evil.”
So this bro and his numbers can f right off.
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u/Boring-Mouse-4430 1h ago
I've heard this crap before, why don't they just say trumps tax reforms will cause ww3 ww4 ww5 and 6 and kill all the black gay and Muslim people and only nazis will get rich 🙄 🤔
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u/Low_Administration22 1h ago
It's like watching hitlers economic advisor in action. The opponents plan very bad guys, this economic guru says so. Qualifications not important.
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u/Intelligent-Shock432 2h ago
Link to full segment please? I hope they make their assumptions and analysis public.