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I can’t wrap my head around how anyone could see tariffs as anything but a tax on American consumers. It’s common sense. When prices go up due to tariffs, it’s the American people who end up paying the difference. Companies like Walmart or Publix will simply raise their prices to maintain their profit margins, and who has to foot the bill? The middle and lower class citizens who are already struggling to make ends meet.
The fact that Trump and Vance are pushing this narrative that tariffs are somehow good for the economy is laughable. It’s not a legitimate policy idea up for debate among economists.… Continue reading
Goldman Sachs predicts a brighter economic future if Democrats sweep the White House and Congress. This news comes as no surprise, considering historical data that clearly demonstrates the economic success under Democratic leadership. The potential for stronger GDP growth and job creation is a promising prospect if Vice President Kamala Harris and the Democrats secure control of both chambers of Congress.
The economic implications of a Republican victory, especially under the leadership of Donald Trump, have been cautioned against by Goldman Sachs economists. The impact of tariff imposition and tighter immigration policies would outweigh any potential growth from maintaining tax cuts.… Continue reading
Taxes added to middle and lower class to pay for the huge cuts for the top 5%
It’s disheartening to see that many people still don’t understand how taxes work. I often hear misguided statements like, “I didn’t pay anything last year, I got money back.” It’s crucial to realize that a tax refund doesn’t mean you didn’t pay any taxes. It simply means that you overpaid throughout the year, and the government is returning the excess amount. However, with the current financial situation and the need for more funds, we need to get used to paying more taxes. The government requires money, and it has already been spent.… Continue reading