As the village idiot continues his destruction of the
American civilization, we come to the single largest
tax increase in the history of America…
so, let us get basic, what are tariffs?
they are taxes put on goods and material
coming into this country…the theory is to
protect already existing manufacturing by making
products from another country more expensive to buy,
thus, forcing consumers to purchase goods made within this
country, as they are ‘‘cheaper’’ than foreign made products…
Now companies like Walmart and Target that get most of
their merchandise from countries like China, will have
a much larger cost to purchase those items, Shirts, for
example… the question becomes, who pays for this tax
increase? Will Walmart for example, take the hit and pay the
tax or, OR will Walmart simply pass these taxes onto the
consumers? if you guessed Walmart will eat these taxes,
you are as delusional as IQ45… every single company
hit with a tariff will simply pass that cost onto consumers…
thus, the single largest tax increase in the history of the U.S.
will be placed on American consumers… Not on the wealthy,
because the cost to them is negligible… if I am worth
two million dollars, what do I care if I have to spend a couple
thousands more on goods… it doesn’t really move the needle
for me… but if I am middle class or the working poor, a couple
of thousand dollars is huge…it is a larger percentage of my
income compared to the wealthy… and thus a far greater
burden on me…and IQ45 has increased tariffs on virtually
every item imported into the US… thus every single
item brought in from overseas, will raise in price…
along with the dramatically reduction of the working force
in terms of the firing of a massive number of federal workers
and ending a number of contracts, I believe that this will
speed up my timeline for the recession/depression to come…
the bottom line on the economy is this, it requires spending money
by somebody to keep the economy going, and if business have
to cut back, as they are because of the reduction in sales due
to a declining number of people buying things, consumers
reducing buying things as they are now paying vastly greater
amount of money on goods, and the government
having reduced spending, who exactly is spending
the money to keep the economy going?
and to top it off, other countries have place increased
tariffs on our goods, thus reducing the willingness of others
to buy our goods, not to mention the worldwide boycott
of American goods that is happening… the sales
of American goods around the world will collapse…
bringing about further reductions in business spending
and the further cutting of workers…
If I lived overseas, I too would boycott American goods…
so, you got other countries reducing buying American goods,
you got business reducing buying goods and laying off workers,
you got a government being drowned in a bathtub…
(that is your Grover Norquist reference) and individuals/families
cutting back, I suspect that we will be in a depression by X-mas…
because as I said, who exactly is spending money,
and it is spending money that drives the economy…
no spending, no economy…
Now the Washington clown show will claim that by
a large tax cut, can we move the economy again,
but IQ45 tax cut only benefits the already wealthy…
it does nothing for anyone making less than $250,000 a
year…during IQ45 last tax cut, our taxes
went up… and we are solidly middle class…
given the massive tax increase from the coming tariffs
and tax increase from his pretend ‘‘tax cut’’…
I would say, our income is going to take a massive
hit… as will yours…
and it doesn’t matter where you live… because how
tied into the world economy everyone is, everyone
is going to take a massive hit… I am guessing
a worldwide depression by summer next year or no later than
X-mas of next year, 2026
curtesy of the dumbest man to have ever lived…
IQ45 and his gang of idiots…
Kropotkin