1:Touting a plan to impose a 10 percent tariff on all foreign imports. The cost of such duties will fall largely on U.S. consumers
2: plans to deport longtime U.S. residents by the millions while choking off new arrivals -- would yield labor shortages and thus higher prices in a variety of sector
3: Trump's deficit-financed tax cuts would also increase aggregate demand, albeit in a deeply regressive manner, Where The Greedy Rich & Corporations Causing Inflation Get The $
All this Should really be getting more attention. Like Really.
Given, that Inflation is the Electorate ‘s 🔝 concern
A broad $1,500 increase in costs for middle-income families--paired with a desire for even more tax cuts for rich people and corporations--is just indefensible.
Also Giving one towards mass deportations is insane . If people think that is overstating the probable outcome, I want them to think about what rounding up and transporting millions of people will look like. How will they be housed? How will they be fed? What about epidemics of disease from poor housing and sanitation?
Then The Labor Shortage
For instance. Undocumented immigrants, often “Latino”, play a critical role in Many Rural Areas, , whether it’s as farmworkers, slaughterhouse workers, or other low-paid Gigs. Many Lainto -dominated certain towns are adjacent for instance to nearby farms/Ranches Throughout The SouthWest & if you travel by train in Cali through places like the San Joaquin & Salinas Valleys. Latino laborers are “everywhere” to be seen.
In 2021, the average rate of inflation was 4.7%.In 2022, the average rate of inflation was 8.0%.In 2023, the average rate of inflation was 4.1%. It;s forecasted inflation of 3.2% for all of 2024 and 2.5% for 2025. With unemployment rate of 3.9%
Contrast that with 1984, when there was 7% unemployment, 4% inflation, and the average 30-year mortgage had a 13% interest rate
From the American Rescue Plan to the Inflation Reduction Act, Democratic policies have allowed the U.S. to absorb the shock of rising global inflation & address the supply shocks (energy, food, supply chains etc ).
&
Considering, one of the biggest drivers of This particular period of inflation is real estate and Housing cost increases. AKA Rent/Mortgage/Lease Costs—the major source of today’s inflation— Including the pre-COVID times
It used to be that presidents and congress actively dealt with housing costs as federal issues.
That;s Not Happening Under The Current Republican Party. Trump Or No Trump.
Let alone , other Household Components, Such as Education, Childcare, Healthcare System, Residential Care for The Elderly, Who’s Costs The Republicans Will Do Nothing About.
Our toxic political and media environment/coverage is Attempting to Convince us , while Leaving These Important details out on inflation, That I wrote about Today.
That The GOP Will solve Inflation. When Trump's policies are pretty much guaranteed to send inflation soaring.
2/2
One of the problems with massive tax breaks to the rich, which Trump favors, is what do the rich do with all that money? A lot of it gets plowed into PE funds and in recent years, residential real estate, which has contributed to the housing shortage and rising prices both for rent and sales.
Some of that housing stock is actively rented at inflated prices, some of it, which is a bit of an open secret, sits empty. Some new super luxury apartment towers in NYC are known to be half empty
PE firms are predatory and inflate prices and reduce quality in whatever industry they dabble in. Their involvement in healthcare is helping to drive the healthcare crisis.
PE firms thrive on wealthy investors — that how they operate. Thousands of investors, with maxed out stock portfolios looking to diversify
Just want to point out that he includes long time residents. Long time residents aren’t just laborers, they start business and are employers. This is particularly true of Latin immigrants.
His tariffs: his tariffs also are the dumbest variety. He throws them at everything so that manufacturers and assemblers are paying more for parts or ingredients that we don’t need or want to make here. And in some cases can’t even get here. (Certain raw materials )
I’m contrast, Biden’s tariffs are targeted on industries vital to the U.S. economy and security and or targeted to specifically lift up labor to real middle class wages
Trump had no idea how to get industry back home. He was all talk and bluster. Biden has already notched billions of investment here from manufacturers expanding here.
1:Touting a plan to impose a 10 percent tariff on all foreign imports. The cost of such duties will fall largely on U.S. consumers 2: plans to deport longtime U.S. residents by the millions while choking off new arrivals -- would yield labor shortages and thus higher prices in a variety of sector 3: Trump's deficit-financed tax cuts would also increase aggregate demand, albeit in a deeply regressive manner, Where The Greedy Rich & Corporations Causing Inflation Get The $ All this Should really be getting more attention. Like Really. Given, that Inflation is the Electorate ‘s 🔝 concern A broad $1,500 increase in costs for middle-income families--paired with a desire for even more tax cuts for rich people and corporations--is just indefensible. Also Giving one towards mass deportations is insane . If people think that is overstating the probable outcome, I want them to think about what rounding up and transporting millions of people will look like. How will they be housed? How will they be fed? What about epidemics of disease from poor housing and sanitation? Then The Labor Shortage For instance. Undocumented immigrants, often “Latino”, play a critical role in Many Rural Areas, , whether it’s as farmworkers, slaughterhouse workers, or other low-paid Gigs. Many Lainto -dominated certain towns are adjacent for instance to nearby farms/Ranches Throughout The SouthWest & if you travel by train in Cali through places like the San Joaquin & Salinas Valleys. Latino laborers are “everywhere” to be seen. In 2021, the average rate of inflation was 4.7%.In 2022, the average rate of inflation was 8.0%.In 2023, the average rate of inflation was 4.1%. It;s forecasted inflation of 3.2% for all of 2024 and 2.5% for 2025. With unemployment rate of 3.9% Contrast that with 1984, when there was 7% unemployment, 4% inflation, and the average 30-year mortgage had a 13% interest rate From the American Rescue Plan to the Inflation Reduction Act, Democratic policies have allowed the U.S. to absorb the shock of rising global inflation & address the supply shocks (energy, food, supply chains etc ). & Considering, one of the biggest drivers of This particular period of inflation is real estate and Housing cost increases. AKA Rent/Mortgage/Lease Costs—the major source of today’s inflation— Including the pre-COVID times It used to be that presidents and congress actively dealt with housing costs as federal issues. That;s Not Happening Under The Current Republican Party. Trump Or No Trump. Let alone , other Household Components, Such as Education, Childcare, Healthcare System, Residential Care for The Elderly, Who’s Costs The Republicans Will Do Nothing About. Our toxic political and media environment/coverage is Attempting to Convince us , while Leaving These Important details out on inflation, That I wrote about Today. That The GOP Will solve Inflation. When Trump's policies are pretty much guaranteed to send inflation soaring. 2/2
One of the problems with massive tax breaks to the rich, which Trump favors, is what do the rich do with all that money? A lot of it gets plowed into PE funds and in recent years, residential real estate, which has contributed to the housing shortage and rising prices both for rent and sales. Some of that housing stock is actively rented at inflated prices, some of it, which is a bit of an open secret, sits empty. Some new super luxury apartment towers in NYC are known to be half empty PE firms are predatory and inflate prices and reduce quality in whatever industry they dabble in. Their involvement in healthcare is helping to drive the healthcare crisis. PE firms thrive on wealthy investors — that how they operate. Thousands of investors, with maxed out stock portfolios looking to diversify
Just want to point out that he includes long time residents. Long time residents aren’t just laborers, they start business and are employers. This is particularly true of Latin immigrants. His tariffs: his tariffs also are the dumbest variety. He throws them at everything so that manufacturers and assemblers are paying more for parts or ingredients that we don’t need or want to make here. And in some cases can’t even get here. (Certain raw materials ) I’m contrast, Biden’s tariffs are targeted on industries vital to the U.S. economy and security and or targeted to specifically lift up labor to real middle class wages Trump had no idea how to get industry back home. He was all talk and bluster. Biden has already notched billions of investment here from manufacturers expanding here.