Trump is too stupid to know the difference between a tariff and a trade deficit. Surely there are some economic advisers who can try to explain it to him? Never seen anything like this.
He knows what he is doing. This is intentional collapse of the US dollar. It wont do anything but make the dollar weak as it kills the buying power of the poor, almost entirely.
He needs to pay for his Big Beautiful Tax Cuts sómehow!
This tax is mainly going to be paid by low-income buyers (China + Vietnam imports = high tariffs).
Quick math: $4.1T USA import 2024.
I presume -20% for 2025, thanks to his stupidity; $3.3T import.
~27.5% import taxes: $900B
1) Trump couldn't define "regressive" on pain of death.
2) Having been told that regressive means the opposite of progressive, Trump would smile - anything to stick it to AOC and Bernie.
I expect no less from a pair of (supposedly) super rich dudes. (One is, but the other? We may never know the truth until it's way past being too late.)
Tariffs are taxes. Trump has given us the largest tax increase in history. Something only the congress has the constitutional power to do. Right now, we are officially an oligarchy and we had better fight back.
Will you stupid ass Democrats Just go look and see what a tariff actually is and what it does. No you got to listen to your Democrat cronies and be stupid about it!
On the contrary, America needs to reshore, free trade & the entire program of Neoliberalism was a mistake.
It really is a national security threat that we killed our manufacturing sector, both because manufacturing is important to defense & that it impoverished workers who dream of revolution. 1/2
Musk/Trump wrecking crew! Had enough? Let your voice be heard!
Find a local hands off! event. Attend en-masse & tell Trump & the Repub legislators to keep their hands off of veterans services, public lands, social security, our wallets, etc! Get thyself there this Saturday! https://www.mobilize.us/handsoff/
Trump's vendetta isn't at Biden & his administration. It's towards the millions who voted against him. He lost 2020, and he knows it. I'm not so sure he didn't lose 2024. Trump KNOWS exactly who his target is. It's ALL of us.
For zero reason, during what was a thriving economy.
Just after the general public received a thorough education in the importance of global supply chains.
This is how he works, aggressive blanket tariffs… but in the background…
Setting up a set of shorts and looking at to buy at the lows.
Once the word is given, reduce the tariffs for a nice pump.
I mean look at trump coin and DJT..
he’s still playing the market!
But now he’s in control.
That is one sick meme. You know you Democrats have some issues. You hate Tesla's. You like to stick knives in people. Reason why your party is not very popular right now.
I'm absolutely amazed by all the Anti-Fascist MAGA hating patriots I find myself connecting to. Thank the higher power you exist. I knew you did. I have the answers that can take it down. I hope you'll discover what the entire system of power hid from us. https://youtu.be/9Gr8BhQw6UE?si=yee3LHCyKFNhgPEF
Right. The rich are scraping more off of us. They will expect more in the way of job losses & increased productivity to "earn back" some prosperity for ourselves. If we aren't cutthroat enough to compete, we're bad people who deserve to fail
If we accept that the “emergencies” on which Trump’s power to impose these tariffs/taxes was based were imaginary (certainly for Canada), then he lacked legislative authority for them. There’s a slogan: “No taxation without representation!”
Unfortunately, the Red Hats have no idea what the difference is between a regressive tax and a progressive tax. Will they even be able to notice that their buying power, net worth and take home pay has diminished?
Yes, and I wonder what has become of his proposed "External Revenue Service" that might be set up to receive these regressive taxes. Who would control these funds? To whom would this flow? A sovereign wealth fund for the super rich? This might be another route to rob from poor to syphon to the rich.
Fact: America has become, by far, the richest economy in the world. Why? Because until now, it has been the center of the capitalist order (aka the West). Trump's belief that the world has been "taking advantage" of the US is delusional. The global south has been exploited by the US for centuries.
Correct, I recall when Kamala referred (correctly) to it as a sales tax and Jake Tapper “fact corrected” her statement and called it a tariff (like they’re not the same thing). Most of the mainstream media journalists paid almost no attention to this or really challenged him on this issue. Pathetic
I was thinking I should buy toilet paper while I still have a bank account. Looking at the list of tariffs I now realize I should have purchased clothes. 🙄
The irony is, Trump sees this is short term pain to rid the world of globalism. I see this as short term pain to get rid of MAGA. There is just no way that Republicans won’t pay a severe political price for this. It’s stupid, and it will hurt everyone. But the MAGA dummies needed to catch the car.
You Democrats are going to see the wrath of maga soon! Go back and learn history. The party of slavery was the Democrats. It's all there in history. You dumbass moron Democrats need to go look. Do some fact checking.
SOUL BROTHERS:
“April 2 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again” DJ Trump
MAGATS are the ones who will least be able to afford cars with 25% added to price tag, food prices will rise, jobs will not be plentiful no matter what Trump lies about.
Get your shit together dude. You don't know what you're talking about. And you're probably one of the ones that think we could have won world or two in our current trade status. You know nothing of history!
It'll work absolutely fantastic for this country we'll get this country back on track. Which for some reason I don't understand that you Democrats don't want to see this country grow You want to kill it!
The working class and poor people will pay a much higher tax proportionally since they spend more of their income as opposed to investing or saving it. It's a tax cut for the rich
It's also the biggest Treasury heist in world history. Much bigger than Kushner's PPP in 2020. Even bigger than the Nazis began in 1933. That was Hitler's version of Project 2025, systematically looting art and other valuable assets, including Jewish property. A key part of the First Holocaust.
In general, sales taxes, taxes on purchases, are regressive. Because poor people spend everything they make on goods and services, just to get by. So if sales tax is 20%, they’re basically paying an additional 20% income tax.
Rich people may spend more in absolute dollars, but they spend less in percentage of income. They save a lot, invest a lot, and gift a lot to their families.
Poor person: Makes $20K/year, spends all $20K on rent and groceries, sales tax at 20%. Poor person tax rate is 20% of income.
Rich person: Makes $1M/year, spends $500K ~1/2~ income on rent, groceries, vacation and bass boat, sales tax at 20%. Saves the rest. Rich person tax is 1/2 20%=10%
How to pound that point home. Sales taxes are insidious while regressive, but become part of life and people don’t hate them. One way: starting now these are not tariffs. They are Trump Taxes. Trump Tax to pay for rich people tax cuts.
In Trump they trust
A failed businessman who bankrupted casinos, cheated a children’s cancer charity, ran a bogus university, pandered steak, wine, airlines, NFT’s and a Chinese bible.
When NFL owners think you’re to sleazy to be an NFL owner then you’ve got to be one sleazy Motherf*^ker
To think the Boston Tea party was a small tax on the people. I want to start calling him King George lll. But then again, Having to explain it to Trumptards every time...Yea, why not. Orange George 2? lol fk we are so fked. lol
Comments
Trump put tariffs on most of the world. But NO TARIFF for Russia. It’s clear why.
This tax is mainly going to be paid by low-income buyers (China + Vietnam imports = high tariffs).
Quick math: $4.1T USA import 2024.
I presume -20% for 2025, thanks to his stupidity; $3.3T import.
~27.5% import taxes: $900B
Let's use this term all the time. This will drive Trump crazy...hopefully crazy enough to end it
2) Having been told that regressive means the opposite of progressive, Trump would smile - anything to stick it to AOC and Bernie.
Imagine for a second tariffs on airplanes and the impact if Boeing can't sell outside the US.
Or to Coca-Cola, or Caterpillar, or Microsoft.
The response can be proportional but targeted to hurt.
What say you now "conservatives"?
A flat Tax system is needed, NOT a national consumption tax… but! Let’s get it done and then argue about the rest…
https://www.congress.gov/bill/119th-congress/house-bill/25/all-info
It really is a national security threat that we killed our manufacturing sector, both because manufacturing is important to defense & that it impoverished workers who dream of revolution. 1/2
https://bsky.app/profile/sciencefandom.bsky.social/post/3llusstghgk26
T-TT-T-T-TT-Tariff
Find a local hands off! event. Attend en-masse & tell Trump & the Repub legislators to keep their hands off of veterans services, public lands, social security, our wallets, etc! Get thyself there this Saturday!
https://www.mobilize.us/handsoff/
Every Capitol, every county seat, every City Hall
April 5
https://handsoff2025.com
Just after the general public received a thorough education in the importance of global supply chains.
https://bsky.app/profile/cwebbonline.com/post/3lluwztt2gs2m
Setting up a set of shorts and looking at to buy at the lows.
Once the word is given, reduce the tariffs for a nice pump.
I mean look at trump coin and DJT..
he’s still playing the market!
But now he’s in control.
TANKING OUR AMERICAN RETIREMENT FUNDS~
He’s definitely INSANE!
https://youtu.be/9Gr8BhQw6UE?si=yee3LHCyKFNhgPEF
Where have I heard that before?
General rule
- buy it for $50, sell it for $75
- buy it for $100, sell it for $150
- same portion, but more profit on the 2nd
If you add a $50 tariff to the first line, the price doesnt go from 75 to 125... it goes from 75 to 150
#ProveMeWrong
Just because he’s taken advantage of so many people in his life he thinks everyone does it
Sheer projection!
I don't think that the US is politically stable, nor do I feel that we have a strong economy.
He’s gonna die one day, perhaps we should get started w/ planning the celebrations?
Dum, Dumber, Dumbest
And of course all the impacted countries are likely to retaliate!
“April 2 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again” DJ Trump
Be proud.
Next time at least vote for an adult.
Poilievre = Trump
Why can't Mr. Frum see that?
This was before the tariffs.
This is calculated wholesale destruction.
This is rape and pillage.
This is a fire sale for oligarchs.
Everyone, even the oligarchs, will lose under this regime.
Is their dear leader!
https://bsky.app/profile/ernietedeschi.bsky.social/post/3lluuz6vzcm2g
Today, I am wealthy!
So they pay a smaller % of their income to taxes.
Poor person: Makes $20K/year, spends all $20K on rent and groceries, sales tax at 20%. Poor person tax rate is 20% of income.
Rich person: Makes $1M/year, spends $500K ~1/2~ income on rent, groceries, vacation and bass boat, sales tax at 20%. Saves the rest. Rich person tax is 1/2 20%=10%
Progressive tax means that as income goes up, so does the tax %. Like the chart below.
Regressive tax means that as income goes up, the lower the % of income that goes to taxes. *Unlike* the chart below.
I’d go soon.
A failed businessman who bankrupted casinos, cheated a children’s cancer charity, ran a bogus university, pandered steak, wine, airlines, NFT’s and a Chinese bible.
When NFL owners think you’re to sleazy to be an NFL owner then you’ve got to be one sleazy Motherf*^ker
All that’s left now is for a rival royal and we have our Game of Thrones DC, Stupid Edition.
Vladimir? That you?