this post was submitted on 05 Sep 2024
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politics

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[–] Enthusiasticwhale 11 points 2 months ago (3 children)
[–] [email protected] 24 points 2 months ago (1 children)

It is because the dipshit's planning ten percent tariffs on everything coming into the united states.

That's a 10% increase in tax for all of us in the US across the board.

[–] billiam0202 5 points 2 months ago (1 children)

And if you have any savings, that's 10% less money you'll have.

If you don't have any savings, guess what happens when the price of everything increases 10%?

(This is also why flat taxes are stupid. It's because they're regressive.)

[–] [email protected] 2 points 2 months ago (1 children)

Well, 9.1% less money, but yes ;)

[–] hemmes 4 points 2 months ago

This guy calculates

[–] UnderpantsWeevil 11 points 2 months ago* (last edited 2 months ago) (1 children)

"Hey Wall Street, which campaign are you donating the most money towards?"

In About-Face, Wall Street’s Big Donors Warm to Trump

[–] [email protected] 6 points 2 months ago* (last edited 2 months ago) (2 children)

That article is from May and only site's hedge fund billionaires.

[–] UnderpantsWeevil 7 points 2 months ago* (last edited 2 months ago)

only site’s hedge fund billionaires

I hear they've got a bit of money between them. You're talking about institutions that control roughly 80% of the entire S&P market cap.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)
[–] [email protected] 2 points 2 months ago

Brain fart. Yeah

[–] [email protected] 7 points 2 months ago (1 children)
[–] CitizenKong 1 points 2 months ago

This is also true for literally any conservative government in the rest of the world too. Fascists are particularly bad for the economy (since they usually funnel all the money to themselves).