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2 yr. ago

  • the top 10% of asset owners now account for 50% of all spending. this used to be ~30% years ago. discretionary spending by the vast majority of the population is in terminal decline.

    your best bet to finish the extraction of wealth from the bulk of society is a (not so) hidden tax on necessities, and this is exactly what the tariffs are - a non congressionally approved tax.

    tariffs, combined with the dismantling of public services and social security, will allow trump to fund his multi trillion $ tax breaks for his real base. you and I are the surplus thatbwill now be funnelled upwards.

  • What you just said is important – that a tariff is a tax and it is passed on to consumers,” the host said.

    “Of course it is,” Mullin replied. “Everybody knows that.”

    “That is something the white house does not acknowledge,” Collins said.

    “No, that is something that the president, who as a business person, understands that completely,” Mullin insisted. “No one understands the economy better than this president. There hasn’t been a president that understands the economy better than this president.”

    wtf?! well, that was a 1984 "how many fingers am I holding up, winston" moment. damn!

  • totally understood. I have wrestled with this myself and finally came down on "incurious", which is its own brand of stupid.

    I think he fundamentally understands what he is doing and there is a clear pattern of grift. he now has the biggest of the big league grifters around him - those who would strangle whole countries for personal gain.

    he knows. he's playing along with the game and, at this point in his life, gives zero fucks about the consequences.

  • no, just the poors. thats where the tariffs will hit the hardest - literally another massive wealth transfer from the poorest (via tariffs paid by domestic importers and passed on to consumers) to the richest (via tax breaks)

    this is the take back. this is "making america rich again" - just you and I are not part of that america.