It's high risk/high reward, vs low risk/low reward for lower income households. However I'm sure there are things like qoutas, etc. that push auditors to go after the easy wins.
Not to mention you loose some big cases against wealthy people cause they have a lot of money, and they come after your job or make the IRS look ineffective.
They should just call them import or sales taxes, the average person doesn't get tariffs.
Tarrifs are a tax, they are going up, and it's a sales tax which are commonly regressive (hit lower income families more).
So the military was justified in their actions at tiananmen square?
My point is that the US has not been willing to escalate by using live rounds or military intervention in over half a century (at least to my recollection) against its citizens.
I mean, the real issue is that everything is half truths. It allows peoe to glom onto whatever they want to hear or enough to rile people up without ever learning the full truth.
Because minimum wage is defined by laws and has been purposefully kept below inflation. It hasn't substantially increased (or maybe not at all) in my lifetime.
I think the counterpoint is that when something like Kent state happened, the government backed down. The question will be if they're willing to use live rounds in the future and not back down (not that less lethal munitions are much better, but it is different).
I mean it's really not close to lawless, it's just we've decided one man is king and can't do anything illegal
Yeah, but tarrifs are one of dozens if not hundreds of things that are going to be hurting the economy.
Youve already got tens of thousands of federal workers now unemployed, likely disruptions to Medicaid/snap/social security, tarrifs (and likely trade consequences of tarrifs), low consumer confidence, and it hasn't even been two months.
If anyone thinks this is going to be a good year for the markets, I'd love to know why. The only reason they might stay high is due to corporate benefits from the admin as the regular people suffer.
Yeah I was reading up on it recently and it's surprising that there were people tiptoeing around the Supreme courts decision, but at the end everyone did actually cave and either followed the ruling or it became a non issue.
I mean, actually yeah that graph does show a pretty stable value. Since 1980 it's gone frome ~$2.50 to $1.00 at a pretty steady rate. For all the financial chaos over that period of time that's a pretty straight line.
While there is inflation, it's been pretty consistently between 2-3% as targeted by the federal reserve, so basically the US dollar is doing what is being communicated, or in other words consistently performing.
Haha given Kevin Sorbos went down a similar path, this is pretty fitting.