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Thanks for this
The Globalist/Media/Leftwing establishment is outraged. This is why.
It is necessary for the Republican Party to increase the percentage of voters who pay into the system rather than merely take from the system.
The Republican Party has become politically paralyzed. Even when it has power it fears using it.
The recent stock market losses are the estimation of the rich of how much the working class of the USA stand to gain if Trump is able to carry out his plan.
Yup, the working class stand to gain trillions!
OTOH, there is Project Sandman, where we may be headed. I believe we are, as it paves the way for replacement of the FED/IRS with PM-backed currency.
Also lower wages and production, which is going to lead to a difficult time, especially for younger generations. But I do believe this reset is necessary and America will come out of this stronger.
Any president can crash the economy in the short run, but it takes a real visionary to hopelessly depress the economic outlook for decades.
There is also a post by Mark Levin that should be read by those who are trying their darndest to create hysteria over the tariffs that they fail to understand how they are beneficial, and needed after who ever was making decisions for Biden in his scam administration.
I’ve been thinking the same thing. I was in on $VIX (market instability) from a few weeks ago, because it’s clear the ultimate problem lies in the huge amount of interest on the debt. That’s also why he’s telling Powell to get his ass out there and cut rates.
Much of the stock market it grossly over valued, and deserves a crash. But, an overall 20% “crash” is immaterial to those that did not invest in the crappola stocks.
It is called a free market and, like life, live with it.
to think that a giant reconfiguration of world economic systems to a level playing field for trade would not mean a similar realignment in nature of stocks needing to be owned is not realistic. different companies now benefit. d’uh. fortunately the fallout from decline in stocks is move into bonds, bringing yields down - good for housing, credit card debt and Treasury debt interest charges (there is a humongous amount of it to be rolled this year, thank you, idiot Yellen), honestly post-Novemberelection people should have been realigning their asset allocations if they truly believed DJT is a man of his word.
A Tariff is a Consumption Tax like a Sales Tax.
And it SHOULD offset Income Taxes.
Consumption Taxes have huge advantages over Income Taxes. With Income Tax, businesses and individuals have to give an accounting to the government to justify their spending decisions. Compliance cost is enormous. There is risk of jail if someone like Lois Lerner disagrees with a spending decision. Businesses base business decisions on tax implications instead of on efficiency and productivity.
Now we need to eliminate the tyrannical Income Tax, along with the weaponized IRS.
What a great article! Thanks for posting it.
It’s 4D chess, meaning whatever you think they are, they’re more complicated than that.
8% of the population owns 94% of the stock?