But I only got $3.8 trillion in my checking
this post was submitted on 22 Oct 2024
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$3.9T to all consumers...
... roughly works out to approximately $11,200 per living American, or about $22,900 per currently employed American, or about $30,000 per American household.
Roughly 17% of American households live off of less than $30,000 a year...
... So ... that roughly works out to 55 million Americans who would become homeless and starve to death, as they would have functionally zero income after baring this tariff pass thru cost.
A great reason to not vote for Weird OLD 34, who doesn't know how tariffs work and is counting on voters to not know how they work.
Don’t forget that he also wants to increase taxes on the middle class. It’s a part of Project 2025.
It's like you dummies don't remember 4k graphics cards.
The vindictive anarchist in me wants to see what happens when the US crashes and burns, but if Trump gets in it is going to empower the right-wing nut-jobs in other countries too. We will all crash and burn.
Literally just shows up as a headline for me. I'm wondering how it was calculated and if it's also factoring globalisation shift where the US will lose out to other countries if it's financially more viable to seek manufacturing or consumer markets elsewhere, losing foreign revenue, consumer income for expenditure, etc.
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https://www.cnbc.com/video/2024/10/22/trumps-proposed-tariffs-on-imports-could-cost-u-s-consumers-3-point-9-trillion.html?qsearchterm=trump%20tariffs