JD Vance: Tariffs are an Overdue Escape from Globalist Pathway

[ucbruin]

You giving Trump a 100% pass on Covid stimulus....

 

[Terrel L. Shields]

The income tax was enacted to replace foreigners paying and putting the burden on individuals on their labour. So not only did we screw the laboror by lower wages we also taxed it.

The income tax was sold to America as the "Millionaires" tax. Sound familiar with "Billionaires" now?

The income tax in the United States, ratified in 1913 with the 16th Amendment, was indeed initially framed as a "millionaires' tax," targeting high earners, and it was presented as a way to address the needs of the government during World War I.​

Here's a more detailed look at the history:​

The 16th Amendment:​

The 16th Amendment to the U.S. Constitution, ratified in 1913, allowed Congress to levy an income tax.​

Initial Tax Rates:​

When the income tax was implemented, the top rate was 7 percent on income above $500,000. ​

World War I and Increased Rates:​

As the United States prepared for and entered World War I, Congress increased the top rate to 15 percent on income above $2 million in 1916. By 1917, the top rate was 67 percent, and by 1918, it reached 77 percent, with the threshold lowered to $1 million.​

 

[Gobears81]

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.

We were the lab rats for implementation of MMT during the Biden era - in some ways, the Trump 45 era also. There was actually a poster on AF that would discuss the merits of MMT, but we found out that the ugly side of that theory is inflation - and for those of us who actually think that deficits can have limits, the amount of debt. With that said, the economy was not "bad" during the Biden presidency. Income was up, unemployment down.

On a side note, I wonder if the same groups that are in support of the Trump tariffs would be supportive if Biden had implemented them. I recall many were up in arms about his blocking of the U.S. Steel merger, which seemed to be a protectionist move straight out of the Trump playbook.

 

[CGinMN]

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

^This is a chartcrime.


^ This is a better visualization.

 

[Joe Flacco]

Economy was bad. It has been bad for decades.

 

[Bobby Bucks]

Congressman Jared Golden a Democrat from Maine supports Trump's tariffs. Golden proposed a 10% blanket tariff on U.S. imports earlier this year. It will be interesting to see if there is any more bipartisan support,

Trump gets rare Democrat support for new tariffs: 'This is a good start'

At least one House Democrat is showing some optimism for President Donald Trump's plan on tariffs.

www.yahoo.com

.

 

[Joe Flacco]

All we have seen is bad economy and very bad economy. So we think bad economy = good and very bad = bad.

 

[gregb]

Rates are "made up numbers"

The simple math behind Trump’s tariffs

With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Liberation Day’

www.the-independent.com

 

[ucbruin]

What an injustice....

 

[Mike Ault]

^This is a chartcrime.

View attachment 98679
^ This is a better visualization.

I've been accused of many things, but never "CHARTCRIME"…