Rich people, in the form of massive tax cuts
This. It sounds like a cynical answer, but it’s ultimately the correct and most concise one.
“then what’s all the cuts to medicaid and snap and other benefits and programs going to?”
more tax cuts for the rich.
“how about all the other ‘savings’ from ‘doge’?”
more tax cuts for the rich.
“then why is the deficit still growing by billions and billions?”
more tax cuts for the rich.
“when is it our turn?”
never!
The last round of tariffs were paid almost uniformly and directly to large farming conglomerates to keep them silent on the matter. The amount actually left over after paying farmers wasn’t much, certainly not enough to cover the damage it did in other industries. There’s no doubt in my mind that it will be turned into a market manipulation scheme wherein they will invest in the subsidized markets after buying stocks in the relevant corporations once the market settles to its new low state.
I wonder if it will tie into their new strategy to buy crypto reserves which only make sense if they are going to skim it.
It’s a form of taxation so the government collects it. When a good is imported, 25% of the value of that good needs to be paid by the buyer to the government. My understanding.
That is also my understanding as someone who regularly checks to make sure my boss paid the tariff on the stuff we import. Containers are not removed from ships until you have proven the tariff has been paid.
Well the US collects taxes and a tariff is a tax so yeah, it will generate funds to run the government. I think this is why Trump likes them. He sees a huge influx in the taxes collected. Plus his followers are so stupid they think China/Canada/Mexico is paying them. Win/win for him. No wonder he thinks it’s the greatest word in the dictionary.
The best way to lower inflation is to pull excess cash out of circulation. It’s a correction for the cash influx that we saw through the COVID relief funds.
It’s not a popular choice, but pulling cash out of circulation is necessary to reduce inflation.
I don’t see any answers to that question at that link. Am I missing something?
