Recent searches
Search options
Americans' taxes just went up by $6 trillion. That is a million dollars multiplied by 6 million.
Don't tell me Trump is trying to save anything. This guy is a economy destroyer -- and not just ours.
Glad to see CNN telling the simple truth in this headline:
@dangillmor People don't have an instinctual understanding for large numbers, and often they are easier to understand if we divide by the population. So a billion dollars is about $3 per American, a trillion is $3,000 per American, 6 trillion is $18,000 per American. That is a huge number. What time period are they talking about? Something in that range is believable if the price of everything suddenly jumps.
@not2b @dangillmor so, the 6 trillion is expected over 10 years. Still an incredibly high tax of 1800 per person on average...
https://edition.cnn.com/2025/03/31/economy/tariffs-largest-tax-hike/index.html
@rbmath @not2b @dangillmor It will not be distributed equally. I believe the current consensus is that tariffs are regressive, affecting poorer people more both in percentage terms and absolute terms.
@Z_Zed_Zed @not2b @dangillmor yes, I completely agree. I don't (and I don't think anyone does) have concrete information on how that will be distributed. This is one of the dumbest economic decisions I've seen in my lifetime...
@Z_Zed_Zed @rbmath @not2b @dangillmor I think that's the relevant point. This will relatively benefit the one percent. Another huge increase of the wealth gap.
@eberhofer @Z_Zed_Zed @rbmath @not2b @dangillmor Great policy to support the guillotine makers…