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@CGasparino @SecScottBessent @howardlutnick How is this breaking?

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@umichvoter Exhibit 1 of this is the CTU in Chicago. Blue city, generally very sympathetic to the working class, but broadly unhappy with the teachers union

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@JosephPolitano and the bond market is crashing...

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@ArmandDoma the graphic is also outdated 😂

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@buccocapital He honestly would struggle to come off more poorly if he tried. Shit ideas, negative rizz, leaking insecurity. Honestly crazy.

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@RealNeilRaina oh 100%, it's balancing the chances of "oh he'll finally see reason" vs "lol, no he won't"

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@RealNeilRaina He doesn't give a shit about what's unfair, just what's "unfair" to him. The idea he could be called a sucker.

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@RealNeilRaina also probable he's just really stupid, doesn't understand trade fundamentally, and stubborn as all hell - will never admit a mistake, even if he slowly realizes he's made one

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@Thebrucemonaco @pilkijam @ramit You seem hung up on me calling it a sales tax for the terminology alone. Fine, it's just a tax. Nothing meaningful changes from that point on about its impact.

Funny you're calling me smart now, you called me a retard like 5 minutes ago.

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@Thebrucemonaco @pilkijam @ramit E.g., why is gas so much more expensive in IL than WI? It's mostly tax (no real formulation regulation differences). The producer isn't collecting more margin but they are offloading the cost to the consumer.

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@Thebrucemonaco @pilkijam @ramit You do share the burden of a sales tax with the company selling you a good. Again, one of the first lessons of econ 101 is that taxes are born by both parties based on their elasticities, and it's immaterial who sends the check.

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@VeeDub1999 @jtevelow @ramit He'll be lowering them, but not on the poor and middle class. The framework that passed the Senate just today reduces it for the wealthy.

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@WyEastman @ramit The tax cuts add $2.5 trillion to the debt, what are you talking about

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@ramit Not sure if MAGAs will find it convincing, but wonder if you can just use an analogy of US states. Shouldn't people in Wisconsin grow their own oranges if they want juice? Florida is taking advantage of them.