Let’s take a look at tariffs.
There are a lot of people claiming that the Trump Tariffs are inflationary. But that’s technically not true.
What is inflation?
Inflation happens when the government prints money, while not backing the money with a commodity, like gold.
But Tariffs make prices go up, so isn’t that inflation?
No Tariffs are a tax, if the money generated from the Tariffs is used to pay down the government’s debt, then they can make the dollar stronger and in turn make your paycheck go further.
But Trumps Tariffs are causing the stock market to crash!
Yes it is, but is this part of the plan?
I would argue it is. The Biden administration refinanced our debt at high interest rates and as of now the interest payments on the national debt is higher than our defense budget. This is not sustainable. If the Trump Tariffs cause the stock market to crash and investors move their money to government bonds this will cause the interest rates to drop drastically and allow the government to refinance their debt at a much lower rate saving 90 billion dollars per 1% drop.
Can Tariffs replace the Federal Income Tax?
Not a chance and if we seriously want to lower the national debt and save programs like Social Security and Medicare, we should keep both the tariffs and income tax.
Tariffs are scary, but done right they can help us dig our way out of debt and make the Dollar as strong as it was after WWII.
The FBI was taking their “hate group” definitions from ADL, which is why FBI was investigating Charlie Kirk & Turning Point, instead of his murderers …
Meet Hamish Steele, creator of a kid’s show on @netflix which teaches kids they can be transgender.
After Charlie was ass*ssinated, he called Charlie a nazi and had a meltdown because people were mourning him.
Netflix is SILENT. Their silence is deafening.
CANCEL NETFLIX
@CNBC@JimmyKimmelLive is just a Communist Propaganda Puppet! If he wasn’t he would have been cancelled a long time ago. As for Sinclair Broadcast Group, I will no longer watch any programming on your stations.
I don’t think it’s luck, I own several businesses, working 80+ hours a week. I struggled a lot in the beginning, but I am always working to better myself and my situation. I didn’t go to college, but never stop learning about anything that will improve my ability to make money. Anyone can improve and better their career.
Actually, it is far more effective to take control over the Education system. Which is why we now have communist embedded everywhere in our government. Including in the Judiciary, where they can overstep their authority. Congratulations to SCOTUS, for returning our Republic back to the people.
@RepSwalwell Why haven’t you resigned, you gave away intelligence to a Chinese spy you were banging, all while you a member of the intelligence committee.
Which situation seems worse to you?