Elon, who demanded complete transparency in government, won’t disclose any of his potential conflicts of interest and is trying to get a Wall Street Journal reporter fired for exposing the past of one of the DOGE guys. That whole freedom and transparency thing didn’t last long.
HERE'S WHAT TRUMP DOESN'T GET ABOUT TARIFFS:
When you're trying to revitalize a specific US industry tariffs can be a good tool. You tax the foreign product to make it more expensive, which incentivizes buying the less expensive American good.
What Trump is missing is the second part of the equation. You need to ramp up US industrial policy at the same time, which basically means you have to subsidize the US industry to make it more competitive. Trump thinks he can do tariffs and then there's naturally a boom in US manufacturing. He's wrong about that, it won't happen without massive US government investment (which he would deride as socialism).
The other problem is that his tariffs aren't specific and targeted, they're across the board. Which, simply put, is economic insanity. This will manifest as a sales tax on everything we import, which will crush the working class.
Trump to Joe Rogan:
"The liberals are now pro-silencing criticism. They are pro-censorship."
Trump at a rally in Michigan just hours later:
"60 Minutes should be taken off the air and CBS should lose its license."
@Justinet2188@RandallKingBand Unrealized gains are assets billionaires hold onto like property and never sell to make capital gains. They take loans out against those unrealized gains and the assets go untaxed. You really should study more brother. I’m not being a smart ass
@Justinet2188@RandallKingBand There. There’s your explanation on why this administration and the Harris walz ticket is economically the right choice. Without too much gorey detail, but it’s an explanation.
@Justinet2188@RandallKingBand …. And judging by Kamala’s proposals it will continue on in this direction. Her economic policies will affect the top percentage of earners and corporations. Not small businesses or everyday Americans working for better lives.