'Murica! (326 Viewers)

[Ronn]

Do you want higher inflation?

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Least that money was for ur country not pumping out to other countries fighting proxy wars and no other NATO nations putting out for the bill.

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Further increasing the national debt to 30 trillion thanks to Biden and Kamala.

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If there was a better democratic candidate I would vote for one.

Pentagon spending has not changed between Trump and Biden. And Ukraine aid is minuscule comparing to the the numbers I shared (meaning they didn’t really impact inflation)

I’m curious, what do to think caused inflation? Biden pressed a button?

 

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[Seven]

Biden already accomplished that my friend

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There was the graphic long ago provided already

You don't seem to understand.

Regardless of whatever value the dollar holds today, Trump's intention is to devalue it. Trump's economic plan is that your money is worth significantly less a year from today. Is that something that sounds appealing to you?

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I’m curious, what do to think caused inflation? Biden pressed a button?

Several factors caused inflation, most beyond the control of any president.

But it's not all that relevant, since Trump is literally saying he wants to devalue the dollar. I know he's talking a lot about inflation these days, but the only known element of his economic plan will make inflation skyrocket. And this will benefit Trump.

 

[Ronn]

You don't seem to understand.

Regardless of whatever value the dollar holds today, Trump's intention is to devalue it. Trump's economic plan is that your money is worth significantly less a year from today. Is that something that sounds appealing to you?

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Several factors caused inflation, most beyond the control of any president.

But it's not all that relevant, since Trump is literally saying he wants to devalue the dollar. I know he's talking a lot about inflation these days, but the only known element of his economic plan will make inflation skyrocket. And this will benefit Trump.

Primary reason are those large spending bills appearing in the labor market putting upward pressure on wages. The secondary reason was supply chain getting fucked up during COVID.

 

[AFL_ITALIA]

You don't seem to understand.

Regardless of whatever value the dollar holds today, Trump's intention is to devalue it. Trump's economic plan is that your money is worth significantly less a year from today. Is that something that sounds appealing to you?

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Several factors caused inflation, most beyond the control of any president.

But it's not all that relevant, since Trump is literally saying he wants to devalue the dollar. I know he's talking a lot about inflation these days, but the only known element of his economic plan will make inflation skyrocket. And this will benefit Trump.

You're far, far more patient than I am.

 

[Seven]

You're far, far more patient than I am.

I know it sounds crazy, but as a lawyer you really understand you need to make some points over and over and over again.

Don't get me wrong, I usually don't do this in briefs. I hate legal documents that are unnecessarily long. But during oral arguments opposing counsel will often try to shift the debate to something that is either irrelevant or not an answer to the point you were making. Sometimes you really have to force them to respond to what you're saying. It has taught me patience.

 

[s4tch]

The graphic showed global inflation rates. Biden does not rule the world.

and my point was different too: when there's an increased inflation around the world, unless you live in a tribe in new guinea, you and your economy will be affected

sometimes it is just a question of luck. 2008 leaders didn't ask for the financial crisis, trump didn't ask for covid, post covid leaders didn't ask for supply chain difficulties, chip shortages, energy crisis due to different factors (fucking putin attacking an independent country being one of them), and many more negative economic trends that covid only accented, and the inflation that followed

 

[Bjerknes]

There is one area of inflation where you can specifically blame Biden, and that is energy. His initial stance on domestic oil and gas where he basically wanted to shut it down no doubt caused prices to rise in the markets. That stance changed over time I believe, but the damage was already done. Of course, supply and demand after Covid restrictions subsided caused prices to rise, too.

I think Presidents can do very little to control inflation, but they can make matters much, much worse. Here's how.

1) Increasing government spending, blowing out budgets, causing currency devaluation
2) Shutting down production creating artificial scarcity, such as oil and gas production
3) Imposing tariffs on certain goods and services, passing increased costs to consumers (which is why trump is going to really fuck his dumb cultists)

Since Presidents can't really control supply and demand forces overall, along with meteorological impacts (50% of commodities have some dependency on the weather, such as grain prices), you can't just point to someone and say HE DID IT.

 

[Seven]

There is one area of inflation where you can specifically blame Biden, and that is energy. His initial stance on domestic oil and gas where he basically wanted to shut it down no doubt caused prices to rise in the markets. That stance changed over time I believe, but the damage was already done. Of course, supply and demand after Covid restrictions subsided caused prices to rise, too.

I think Presidents can do very little to control inflation, but they can make matters much, much worse. Here's how.

1) Increasing government spending, blowing out budgets, causing currency devaluation
2) Shutting down production creating artificial scarcity, such as oil and gas production
3) Imposing tariffs on certain goods and services, passing increased costs to consumers (which is why trump is going to really fuck his dumb cultists)

Since Presidents can't really control supply and demand forces overall, along with meteorological impacts (50% of commodities have some dependency on the weather, such as grain prices), you can't just point to someone and say HE DID IT.

Trump sees this as a tax paid by foreign countries or foreign business entities. It's not, but his demented brain thinks it is.

And you're right. In general presidents have little control over inflation. But they can do a couple of things to make it worse. In this case Trump's proposals not only have the potential for increasing inflation, he has actually explicitly stated that is his goal by saying he wants to devalue the dollar.

Honestly at this point it's a problem of education. His supporters are just not understanding what he says.

 

[Fab Fragment]

I really wish houses were nowhere near as expensive as they are right now. Even cars are becoming ridiculously expensive.

 

[Bjerknes]

Trump sees this as a tax paid by foreign countries or foreign business entities. It's not, but his demented brain thinks it is.

And you're right. In general presidents have little control over inflation. But they can do a couple of things to make it worse. In this case Trump's proposals not only have the potential for increasing inflation, he has actually explicitly stated that is his goal by saying he wants to devalue the dollar.

Honestly at this point it's a problem of education. His supporters are just not understanding what he says.

Well, that's the sad part of the whole inflation/deflation game. A depreciating dollar means US goods are more in demand, which is good for business overall. Stocks and other assets go higher as a result. This has always been the overall goal of the central bank, even if they won't admit it - try to have minimal unemployment with controlled inflation so asset prices keep rising slowly forever. It's great if you own a lot of assets. But if you don't and you have a regular job where wages aren't rising with inflation, you're screwed.

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I really wish houses were nowhere near as expensive as they are right now. Even cars are becoming ridiculously expensive.

It's ridiculous of course, but you can thank the Fed and those slimy real estate/mortgage creeps for that.

I would love to see another wave of deflation wipe these people out again like in 2008.

 

[AFL_ITALIA]

I really wish houses were nowhere near as expensive as they are right now. Even cars are becoming ridiculously expensive.

Don't we all brother, don't we all.

 

[Seven]

Well, that's the sad part of the whole inflation/deflation game. A depreciating dollar means US goods are more in demand, which is good for business overall. Stocks and other assets go higher as a result. This has always been the overall goal of the central bank, even if they won't admit it - try to have minimal unemployment with controlled inflation so asset prices keep rising slowly forever. It's great if you own a lot of assets. But if you don't and you have a regular job where wages aren't rising with inflation, you're screwed.

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It's ridiculous of course, but you can thank the Fed and those slimy real estate/mortgage creeps for that.

I would love to see another wave of deflation wipe these people out again like in 2008.

I actually think I heard them outright say it after the covid pandemic.

A little inflation is not necessarily a bad thing, it implies growth.

And I guess there can be reasons to devalue the dollar. Japan tried something similar with the yen. But in Trump's case it's really obvious he just wants to devalue his debts lol.

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[Nomuken]

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[Ronn]

Wow hard hitting memes.

 

[Bjerknes]

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Your marginal utility of another post in this thread just went negative.

 

[Nomuken]

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Guess there’s been lot of pro Palestine protesters at her DNC

 

[AFL_ITALIA]

Not enough, from what I hear.

 

[GordoDeCentral]

Your marginal utility of another post in this thread just went negative.

How do you feel about tax on unrealized gains lel

https://x.com/zerohedge/status/1825982436884492550?t=tPKiD8vPMdkhcVXZtEYL7g&s=19

 

[Bjerknes]

How do you feel about tax on unrealized gains lel

https://x.com/zerohedge/status/1825982436884492550?t=tPKiD8vPMdkhcVXZtEYL7g&s=19

It's horrible, of course. Absolutely ridiculous. Capital gains tax alone should be zero.

 

[Ronn]

How do you feel about tax on unrealized gains lel

https://x.com/zerohedge/status/1825982436884492550?t=tPKiD8vPMdkhcVXZtEYL7g&s=19

It’s obviously bonkers but 1- She didn’t independently suggest that, but she endorsed Biden’s last budget proposal. President’s budget proposal is usually a red meat to the base kind of document and never becomes law. Trump’s last budget proposal, for example, would’ve almost gutted every low income entitlement while leaving Pentagon’s budget intact. I doubt he likes a position like that on the campaign trail.
2- the proposed taxes are all for individuals with 100m+ net worth.