JD Vance: Tariffs are an Overdue Escape from Globalist Pathway

[alebrewer]

NYT -For three years, the U.S. economy has been buffeted by rapid inflation, high interest rates and political instability at home and abroad. Yet it has proved surprisingly resilient, supported by the sturdy pillars of robust consumer spending, a rising stock market, and healthy balance sheets for households and businesses alike.

But one by one, those pillars have begun to crack under the weight of tariffs and uncertainty. The all-out global trade war that President Trump declared on Wednesday could be enough to shatter what had arguably been the economy’s final source of support, the strong job market.

“The strength of the consumer is coming down to the jobs market,” said Sarah House, an economist at Wells Fargo. “And it’s increasingly perilous.”

The sweeping tariffs that Mr. Trump announced on Wednesday, and the duties that U.S. trading partners quickly imposed in retaliation, sent stock indexes around the world tumbling on Thursday. The effects won’t be limited to the financial markets: Economists say tariffs will raise prices for consumers and businesses, which will lead employers to pull back on hiring and, if the tariffs remain in place long enough, lay off workers.

Translation: for three years, Biden has wrecked the economy. But it's held firm nonetheless. Now that DT is in office, the world is crashing around us. Get out while you still can.

 

[glenn walker]

There's an intrinsic reason as well. When income is taxed, there is disincentive to produce. You'll see this in real life if you look at the tax rate margins. Salaries tend to be bunched just below a higher tax bracket. Result: production is disincentivized by taxation. That's why it is ALWAYS better to tax consumption rather than income. When consumption is disincentivized, savings is incentivized - resulting in a lower cost for loanable funds - which results in more investment. Its not rocket science.

Bingo excellent analysis.

 

[Mike Ault]

There's an intrinsic reason as well. When income is taxed, there is disincentive to produce. You'll see this in real life if you look at the tax rate margins. Salaries tend to be bunched just below a higher tax bracket. Result: production is disincentivized by taxation. That's why it is ALWAYS better to tax consumption rather than income. When consumption is disincentivized, savings is incentivized - resulting in a lower cost for loanable funds - which results in more investment. Its not rocket science.

This is how well supply-side, trickle-down economics has benefited average Americans.

 

[glenn walker]

Translation: for three years, Biden has wrecked the economy. But it's held firm nonetheless. Now that DT is in office, the world is crashing around us. Get out while you still can.

Two of those years the people were wearing face masks and collecting Covid money and loans. We really had no real economy during most of Bidens term as it was a giant government assisted one. The truth is now once the curtain was pulled back we can see how close we had become to a collapse as the bureaucracy and politician's were plundering the tax money to use for themselves.

 

[ucbruin]

As long as there are no loopholes for the wealthy to squeeze through....

 

[ucbruin]

Two of those years the people were wearing face masks and collecting Covid money and loans. We really had no real economy during most of Bidens term as it was a giant government assisted one. The truth is now once the curtain was pulled back we can see how close we had become to a collapse as the bureaucracy and politician's were plundering the tax money to use for themselves.

All started in 2021....
That's when I received my 1st stimulus check....

 

[alebrewer]

This is how well supply-side, trickle-down economics has benefited average Americans.
View attachment 98675

That's because the inmates have been in charge of the asylum for the past 4 decades - regardless of party affiliation. The way you stop plutocracy is: (1) elected officials, as well as their direct and indirect families, are precluded from active trading; (2) PAC's and lobbyists are made illegal; (3) all federal offices have term limits. Start there and you'll see that chasm start to restrict.

 

[alebrewer]

Two of those years the people were wearing face masks and collecting Covid money and loans.

The GAO estimates that between $100 and $135 BILLION of Covid money was lost to fraud... Biden's handlers fleeced our taxpayers for four years.

 

[ucbruin]

"...$100 and $135 BILLION of Covid money was lost to fraud."


There will always be crooks....
In and out of government....
Some see Biden....
Some see Trump....
Heads they win....
Tails we lose....

 

[alebrewer]

One must needs attribute blame where it is deserved - and the Covid fraud must be laid directly at Biden's handlers' feet. Of course I don't blame (or see) Biden - he had no idea what was going on.