That this trade war has gone from policy shifts that can be analysed "at the margin" to a very binary issue (125%!!) is, as China noted today, uneconomic.
Yes, prices will rise BUT more and more trade just won't happen. Items will not be available for purchase or sale at any price.
How many fields of grain should be planted or maintained this year? etc. etc.
Talk of subsidies is besides the point. Price changes like these destroy the value of capital.
Its amazing to consider that via - claiming illegal ownership of foreign lands and their resources, tariffs, job losses, deportation, infrastructure cuts, suspected stock market insider trading - is one large multi faceted ‘deal’ that transfers wealth from the lower income classes to the richest in US society …
Trump and the R's remind me of do-it-yourself pet neutering advice they used to run on television: "All you need is tough love, some hot water and a pair of sharp scissors - snip, snip and it's all done!"
The second chart you have showing the GOP proposed budget's net benefits by income quintile is actually worse than it looks. The top 20% includes the huge gain anticipated for the top 1%. Back that out, and the gain for the rest of that quintile, 2% to 20%, would be a lot less, probably just a handful of basis points above zero at best. It would also be interesting to see how the gains are distributed by ranked income within the top 1%. A GOP don't tax and spend program wouldn't be a GOP program if there weren't increasing relative gains by income from that program within the income group containing the richest of America's rich.
Thank you for making this madness understandable. It still sucks, but I can articulate your work! Everyone needs to know what is happening and how it is going to impact their lives.
While Republicans pretend they are all about reducing the debt it sure looks like they are trying to weaken Medicare’s newly one ability to negotiate drug prices — which Biden finally managed to get passed as part of the Inflation Reduction Act — with Thom Tillis’s scare campaign to get rid of the “Biden Pill Penalty”.
The media and Dems are ignoring the issue. The only objective information (at least it seems to be) I could find is this article. However I have seen scary TV ads and received texts urging me to support Tillis’s bill.
Guess Tillis hasn’t gotten any death threats about that or he would have backed down like he has on anything that might displease Trump then whined to the media about how scared he and his fellow Republicans are to oppose Trump. He really needs to consult all those women who have received untold numbers of serious threats to themselves and their families but didn’t back down — Liz Cheney, AOC, Ilhan Omar for example. Better yet he and his cowering cronies should ask the octogenarian Nancy Pelosi — who didn’t even back down after her husband after that nearly fatal, viscious hammer attack on her husband that happened in their own home — about how to grow a spine. So much for Republicans as the party of manly men.
Avoidance that matters little when 65% of Americans are obese and sick and won't be able to function. Fortunately, Weight Watchers is filling for bankruptcy after making almost everyone fat and sick. /Users/joanbreibart/Desktop/oprah-obesity-ozempic-final4 copy.pdf
Looking forward to seeing how you game out the trade war with China - and with all the other major trading partners, for that matter.
That this trade war has gone from policy shifts that can be analysed "at the margin" to a very binary issue (125%!!) is, as China noted today, uneconomic.
Yes, prices will rise BUT more and more trade just won't happen. Items will not be available for purchase or sale at any price.
How many fields of grain should be planted or maintained this year? etc. etc.
Talk of subsidies is besides the point. Price changes like these destroy the value of capital.
Madness.
Its amazing to consider that via - claiming illegal ownership of foreign lands and their resources, tariffs, job losses, deportation, infrastructure cuts, suspected stock market insider trading - is one large multi faceted ‘deal’ that transfers wealth from the lower income classes to the richest in US society …
Trump and the R's remind me of do-it-yourself pet neutering advice they used to run on television: "All you need is tough love, some hot water and a pair of sharp scissors - snip, snip and it's all done!"
The second chart you have showing the GOP proposed budget's net benefits by income quintile is actually worse than it looks. The top 20% includes the huge gain anticipated for the top 1%. Back that out, and the gain for the rest of that quintile, 2% to 20%, would be a lot less, probably just a handful of basis points above zero at best. It would also be interesting to see how the gains are distributed by ranked income within the top 1%. A GOP don't tax and spend program wouldn't be a GOP program if there weren't increasing relative gains by income from that program within the income group containing the richest of America's rich.
Thank you for making this madness understandable. It still sucks, but I can articulate your work! Everyone needs to know what is happening and how it is going to impact their lives.
While Republicans pretend they are all about reducing the debt it sure looks like they are trying to weaken Medicare’s newly one ability to negotiate drug prices — which Biden finally managed to get passed as part of the Inflation Reduction Act — with Thom Tillis’s scare campaign to get rid of the “Biden Pill Penalty”.
The media and Dems are ignoring the issue. The only objective information (at least it seems to be) I could find is this article. However I have seen scary TV ads and received texts urging me to support Tillis’s bill.
https://www.marca.com/en/lifestyle/us-news/personal-finance/2025/03/23/67e0589c46163feb808b45a5.html
Guess Tillis hasn’t gotten any death threats about that or he would have backed down like he has on anything that might displease Trump then whined to the media about how scared he and his fellow Republicans are to oppose Trump. He really needs to consult all those women who have received untold numbers of serious threats to themselves and their families but didn’t back down — Liz Cheney, AOC, Ilhan Omar for example. Better yet he and his cowering cronies should ask the octogenarian Nancy Pelosi — who didn’t even back down after her husband after that nearly fatal, viscious hammer attack on her husband that happened in their own home — about how to grow a spine. So much for Republicans as the party of manly men.
“charted” /g
Avoidance that matters little when 65% of Americans are obese and sick and won't be able to function. Fortunately, Weight Watchers is filling for bankruptcy after making almost everyone fat and sick. /Users/joanbreibart/Desktop/oprah-obesity-ozempic-final4 copy.pdf