Trump 47

The President of the United States, sitting next to the Prime Minister of Israel, described a conversation he had with former hostages that were freed by Hamas. He asked them if they were treated kindly, given extra bread or meals, like he imagined the Nazis did for Jews in captivity.

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Here’s Why w/ Kevin Ortega-Rojas (@hereswhykevin) on Threads

The President of the United States, sitting next to the Prime Minister of Israel, described a conversation he had with former hostages that were freed by Hamas. He asked them if they were treated kindly, given extra bread or meals, like he imagined the Nazis did for Jews in captivity.
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Rob B. said:
What if we took every dollar spent on protests and fed the homeless.
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For sure!

The total cost of the insurrection to the taxpayers is estimated to be $2.7 billion, and that does not account for the lives lost due to the violence that day.

President Trump’s Pardons Stick Taxpayers With the Bill for January 6 Attack; Oversight Democrats Want to Know How Much

Today, Rep. Gerald E. Connolly, Ranking Member of the Committee on Oversight and Government Reform, sent a letter to Thomas E. Austin, the Architect of the Capitol, requesting he make clear to the American taxpayers how much they are being forced to pay to repair the damages caused by January...
oversightdemocrats.house.gov oversightdemocrats.house.gov
 
UrbanCowboy said:
Almost no one has an income of $10M per year. And before you say 'billionaires', they aren't getting an income, they are getting stock options and borrowing against those; good luck taxing that, because it's debt, not income.
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I don't know man, that is still a LOT of money:

27000 X 10,000,000 x 2%= $5.4 billion. And that is an absolute minimum. Most of those would be making quite a bit more than $10 mil.

The 27,000 Americans with more than $10 million of income have lower average federal income tax rates than the 580,000 Americans with income between $1 million and $10 million. And though the share of federal income tax revenue from taxpayers with income in the top percentile rose from 33.2 percent in 2001 to 42.3 percent in 2020, that doesn’t mean the affluent are more oppressed or less well off. That’s because over the two decades spanning 2001 through 2020, their share of total before-tax income has risen, and their average effective income tax rate has declined.

Are the Superrich More Burdened and Paying the Highest Rates? | Tax Notes

Martin A. Sullivan examines the claims regarding the extremely affluent paying their fair share of taxes made in a recent Wall Street Journal editorial.
www.taxnotes.com www.taxnotes.com
 
steross said:
For sure!

The total cost of the insurrection to the taxpayers is estimated to be $2.7 billion, and that does not account for the lives lost due to the violence that day.

President Trump’s Pardons Stick Taxpayers With the Bill for January 6 Attack; Oversight Democrats Want to Know How Much

Today, Rep. Gerald E. Connolly, Ranking Member of the Committee on Oversight and Government Reform, sent a letter to Thomas E. Austin, the Architect of the Capitol, requesting he make clear to the American taxpayers how much they are being forced to pay to repair the damages caused by January...
oversightdemocrats.house.gov oversightdemocrats.house.gov
Click to expand...
Agree, I'd go with money spent on political rallies too, but that would be impossible.
 
steross said:
He makes a good point in his 2nd (?3rd) paragraph when most do the exact opposite.
If you vote someone into office you should hold tht politician even more accountable than one you didn't vote for.

https://twitter.com/x/status/1909024390387560779
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That tweet is 100% correct. Although I do not support tariffs, there can be smart reasons for the US to impose tariffs. It is understandable for reciprocal tariffs (ie fact that Europe tariffed vehicles 4x more than US). Reciprocal tariffs still would have had an economic impact, but much smaller and most people would have understood the reason.

But Trump selected a tremendously impactful reset and the execution was horrible and the strategy worse. I assume imposing tariffs higher than other countries is an attempt to drive them to the negotiating table faster, but that is not a way without causing undue harm to the economy.

The strategy was stupid. Why in the world would we tariff items we don’t produce in the US? For example, bananas or spices we don’t make in the US. Adding tariffs to those just increases grocery prices and have zero chance of encouraging a US company to produce it.
 
steross said:
It would be impossible but how cool would it be if the money sucked in by politicians garnered more votes if the politician used it to prove their worth by crreating or improving a charity and fixing some issue instead of just buying stupid attack ads.
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It would be way cool.
 
JTOSU said:
That tweet is 100% correct. Although I do not support tariffs, there can be smart reasons for the US to impose tariffs. It is understandable for reciprocal tariffs (ie fact that Europe tariffed vehicles 4x more than US). Reciprocal tariffs still would have had an economic impact, but much smaller and most people would have understood the reason.

But Trump selected a tremendously impactful reset and the execution was horrible and the strategy worse. I assume imposing tariffs higher than other countries is an attempt to drive them to the negotiating table faster, but that is not a way without causing undue harm to the economy.

The strategy was stupid. Why in the world would we tariff items we don’t produce in the US? For example, bananas or spices we don’t make in the US. Adding tariffs to those just increases grocery prices and have zero chance of encouraging a US company to produce it.
Click to expand...
We rejected offers of zero tariffs from the EU and Vietnam today.
 
Big Huck said:
We rejected offers of zero tariffs from the EU and Vietnam today.
Click to expand...

What are we trying to negotiate then? If he truly believes tariffs are a way to generate more income than what we would get out of normal economic growth someone needs to tell him it's not 1850 anymore. If he's intentionally trying to wreck the economy then we need to have a discussion about the 25th.
 
Stillwater Townie said:
So the problem is we're buying too much from them and they're not buying enough from us. So we'll see if the trade imbalance can be evened out with tariffs. I doubt the pain will be worth it. The situation took at least a decade or two to develop.
Click to expand...
That still doesn't make sense to me. Does that mean we want them to consume at least as much as we do or just stop selling items Americans want to buy? Either way, it seems like we are asking for them to do something stupid.
 
China slammed US Vice President JD Vance for referring to the Chinese people as “peasants” in an interview that has drawn widespread ire and ridicule – and comparisons with Vance’s own self-proclaimed “hillbilly” background. https://cnn.it/3EkxHte
 
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