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Considering how often our presidential elections keep selecting the candidates from the party that implodes the economy for tax cuts for the rich, our memory is
by stevenwoo 2y ago
Considering how often our presidential elections keep selecting the candidates from the party that implodes the economy for tax cuts for the rich, our memory is not long enough.
- pstuart 2y agoPresidential elections are won on emotions, not logic. And the emotions in question are usually negative. This is why the Culture War exists -- to stir up anger, hate, and fear and leverage that to sway voters.
- no_wizard 2y agoNot to mention, trade wars are class wars. There is a reason alot of incredibly wealthy people - by any standard - support the tariffs. Its a way to assert more control over the economy so that when the tariffs come down - and they will come down - they've already primed themselves by taking more control of goods or having done so while the tariffs are still active. Its a means of control. I expect a wave of corporate consolidation happening soon across most sectors that will be driven by this outlook
- pstuart 2y agoAbsolutely agree. They want to replace income taxes with tariffs, because rich people. The last tax cut promised to create jobs but (surprised pikachu face) instead went to stock buybacks.