Where Harris Went Wrong

Vanity | 10/9/2024 | Econjack

[Paladin2]

“Most grocery chains could make larger returns if they sold their chains and put the money into a saving account”

I don’t think that’s the way it is.

My understanding is that the 1-3% is based on sales NOT on assets/investments.

[Paladin2]

” 50% of the taxpayers pay NO TAX AT ALL.”

The Earned Income Credit can result in a negative Income Tax.

[bigbob]

Nice to read a well reasoned vanity.

Her blather about price gouging was based on - nothing. She never gave any evidence that gouging was occurring and that consumer price increases wee anything other than inflation produced by Biden-Harris economic policy.

As an economist, I’d be interested in your take on some of Trump’s remarks about shifting some of the burden of paying for the federal government from income taxes to tariffs.

[spel_grammer_an_punct_polise]

“Where Harris Went Wrong”

Uh.....she was born! Case closed!

[Theoria]

'Harris also said she would raise taxes on the “greedy” corporations from 21% to 28%. Where does Harris think corporate money comes from? It comes from the American consumer.'

It seems, republicans are only concerned about the costs of corporate financials without the social and cultural rot sent downstream from those entities.

Those woke, multi national corporations seem to have cornered the market on republican water carriers. Most populist have gotten tired of the constant 'rewarding' of such woke multinationals, while those companies have attacked conservative society in America and their morals. Those multinationals have sold out to communist china and other outlets of social thought.

[DesertRhino]

America was never going to elect her. She’s 5’3”, has no record outside government welfare, gave blowjobs to Willie Brown to get her government jobs, never won a single vote in the primaries, has no children because she spent too much time riding the penis merry-go-round, and is a straight up communist race hustler. Lied about Biden, lied about the border. Sex change pervert advocate.

Never had a chance despite all the propaganda.

[DownInFlames]

They forget what tequila protection under the law means. All politicians need to read the constitution and pass a test before being able to take an oath of office.

[MV=PY]

Excellent post!

[redfreedom]

I learned years ago there is no such thing as “fair”. It’s all a matter of opinion.

[Repeal The 17th]

“...tequila protection under the law...”
-
I need me some of that!

[Liz]

Where did those 15 million extra votes for Biden/Harris in 2020 come from?
And why didnt Harris get those votes in 2024?

[hal ogen]

She is such a complete loser on every level. I think “she went wrong” by being born.

[Liz]

For sure

[mass55th]

She was breathing.

[roving]

God has already chosen Trump. There was no way in this world that Harris would win.

[econjack]

Yep, this should be added to the list of mistakes.

[econjack]

It is, but the profit from the sale of the assets would yield better returns from a savings account. Investment to an economist is not the exchange of assets, like a stock sale. That’s simply trading paper assets. Instead, investment is meant to be the purchase of capital goods to expand production.

[econjack]

I’m not a big fan of tariffs. Also, these appear to be protective tariffs aimed at specific industries (e.g., Chinese EV sales). I would rather see a Flat Tax with rates fixed at 17% on income (Milton Friedman’s suggested rate) and 15% on corporations (again, Friedman). That low rate would cause domestic producers to produce in the US rather than setting up plants outside the US. It would also encourage foreign investments to produce in the US as well. Those expanding or new producers would generate more sources for collecting corporate taxes. Also, the lower tax would encourage lower prices which benefit consumers.

[econjack]

Thanks..especially since it came from the Equation of Exchange!!

[Rockingham]

The post is a personal explanation based on economics but is not a political explanation for Harris's loss. Above all, Harris lost because Trump is a fighter who beat her, Biden and his incumbent administration and their malignant strategy of lawfare, and the Democratic machine and their media allies.

Against them, Trump put together a campaign with a potent narrative, a critique of his opposition, and a winning political coalition that won and is poised to redefine American politics. Yes, Harris lost, but she might well have won against a conventional Republican like DeSantis. As it was, Trump beat Harris and broke the modern Democratic party in the process.