"Even when adjusting for inflation, that amount would be triple the tax increase put in place in 1942 to pay the cost of fighting World War II." - ThreadSky

chrisgeidner.bsky.social • 1 day ago

"Even when adjusting for inflation, that amount would be triple the tax increase put in place in 1942 to pay the cost of fighting World War II."

Reposted from D Lavoie

A shockingly straightforward headline from CNN: www.cnn.com/business/liv...

Comments

gabbklein.bsky.social•1 day ago

And much though the GOP would like to pretend our greatest threats are outside our borders, *we are not actually at war with anybody*.

bluegirl55.bsky.social•14 hours ago

https://youtu.be/8gcGjoMzLXI?si=P0krmR4lsaT48S_-

maryamobgyn.bsky.social•1 day ago

Too little too late

revjoey.bsky.social•15 hours ago

When martial law is declared, make the most of it with the persons responsible for it. Leave no stone enthroned. I believe the trial of Luigi Mangione will be the catalyst for the turn on the protected oligarchy.

chronosschiron.bsky.social•14 hours ago

your lucky your senate for now blocked trumps crap on canada
that auto sector crap would have knocked 1-3 million out of work in 2-4 weeks in usa

saltyboomer.bsky.social•1 day ago

An it's absolutely a regressive tax

conaldarcy.bsky.social•1 day ago

And that's just literally money handed to the government. We'll lose trillions more in the economic chaos that will follow.

gspiggott.bsky.social•1 day ago

These clowns are going to get burned to the ground.

resist77.bsky.social•1 day ago

He has to pay for war with our neighbors and allies somehow.

gunderson4.bsky.social•1 day ago

It’s a regressive national sales tax

dtag1.bsky.social•1 day ago

Is this so Elon can get the billions or trillions he needs for his Mars adventure? What will all that money be used for?

jtlesq.bsky.social•1 day ago

There will be a lot of money spent on the midterms to sweep the Republicans out of the House and maybe even the Senate to cancel these stupid tariffs.

briankc.bsky.social•1 day ago

When will Republicans in Congress will begin to revolt? You're already beginning to see Trump's armor being chipped away. Or will it be more in the way of cowardice?

(I'm predicting cowardice based on past data. Prove me wrong, GOP. Prove me wrong.)

geographile.bsky.social•1 day ago

Seems a bit regressive.

marthawt.bsky.social•1 day ago

😳

always4bangtan.bsky.social•1 day ago

📌

jesseaxe.bsky.social•11 hours ago

If we would only tax churches...
Seriously tho - flat tax on all incoming revenue for all businesses, corporations, churches, etc.
10% would do it.

kims-sky.bsky.social•1 day ago

jordanehoser.bsky.social•1 day ago

Adjusted for inflation today's tariffs will generate ANNUAL revenue equivalent to Smoot-Hawley in just under 7 days.

lynnybberry.bsky.social•1 day ago

Felon47 can really f*ck up the world economy. Come on, cholesterol!

montyandalfie.bsky.social•1 day ago

And another 6T for trump's welfare to oligarchs

bigshooter1974.bsky.social•1 day ago

6 trillion pulled straight from the pockets of American citizens. Not payed by foreign nations.

its-ya-boi-a-aron.bsky.social•1 day ago

You just know they’re gonna try to justify the tax cuts with this.

kevinanthonybrown.bsky.social•1 day ago

Listening to Donny Three Times rambling on and on about tariffs, and Bigness. But you can't ridicule or filibuster him out of Power. I'm a registered independent, not a Liberal. As a centrist, I say this: DJT is a figure worthy of serious study. But the left needed a Project 2025 playbook years ago.

shannonbarnsley.bsky.social•1 day ago

But the eggs 🫠

bertil.bsky.social•1 day ago

What a coincidence! That’s exactly what they wanted to spend that money on…

davidconnolly.bsky.social•1 day ago

But you have to buy stuff to pay tariffs.

ewr1947.bsky.social•1 day ago

But this figure does not account for the fact that consumption will collapse under the tax load... living on the edge.

bobertonbluesky.bsky.social•11 hours ago

This time to fight a war that they made up. What did we do to live in this timeline??

matthematics.com•1 day ago

Welp, I choose to assume this means we’re gearing up for World War III. The one where the British will have to save *our* ass.

coloradocarly.bsky.social•1 day ago

So these funds go to the external revenue service which is run by the US government and DOGE, correct?

yolatabull.bsky.social•1 day ago

Welcome #RedStates to your GREATEST TAX INCREASE in HISTORY. YOU'VE EARNED IT!!
Maybe you should get back to recognizing "Trump's Bullshit" from what you are accustomed to on your ranches and pens.

snickersthecat.bsky.social•15 hours ago

ladyliberty2.bsky.social•1 day ago

That's an extra $350 a month, which most of us don't have and will have to go without.

scottm-sig-vet.bsky.social•1 day ago

We are being led by idiots

reinbeau.bsky.social•1 day ago

Trumps re visits the luxury tax except for commodities not desposible income.

climatechangekids.bsky.social•1 day ago

The oligarchs paid to get it ALL.

Our Social Security. The Medicare we’ve been paying into every working day of our lives.

They are stealing it all…

…if we let them.

toowoke2joke.on.computer•1 day ago

If we're paying like we're at war, maybe we should start that class war...

lro70.bsky.social•1 day ago

but hey at least the libs will be owned

philbutta.bsky.social•15 hours ago

and the big question is: why?

crownling.bsky.social•15 hours ago

A consolidation of financial power which he will use to extort control against his potential opposition and imagined 'enemies'. This lays it out pretty well.

Comments

Posting Rules

Reply