There’s a 70%–90% chance that proposed U.S. tariffs in 2025 will increase the cost of living, based on economic analyses and historical precedent.
J.P. Morgan: Estimates a 60% chance of a U.S. and global recession by the end of 2025, up from 40% earlier in the year. This is driven by aggressive tariff policies, including a 145% tariff on China and a 10% universal tariff, which could raise the average U.S. tariff rate to 30%. These policies are seen as a significant drag on growth, equivalent to a $1 trillion tax hike (3% of GDP), potentially amplified by trade retaliation and supply chain disruptions.
Since 2014, Washington state tax collections have more than doubled, ballooning to $36.4 billion in 2023. In fact, Democrats have passed nearly 50 new taxes and fees that hurt middle class families and drag down our state's economy. In the midst of a housing crisis, Democrats in the Legislature increased your property taxes.
There has been a war on the middle class and now it's in the guise of more taxes and unaffordable housing. Tariffs are just a socialist redistribution and taxation scheme. If our government wanted to increase jobs and production companies it would be better to cut taxes here in the US, close all loopholes for the uber wealthy, prohibit investment firms from monopolizing, replace corporations with employee owned businesses, eliminate the IRS, Federal Reserve, and property taxes. Property value should be capped at 30% of the average income to region. Then we would be better off.
Coincidentally, just yesterday we were examining a woolen vest (imported) at our local store (roughly equivalent to Dollar General but smaller, I suppose).
«It says 50% sheep wool.»
«Doesn't look like that,» my better half said skeptically.
«There is 50% sheep in great many deals,» I grinned.
«Sounds like something Rat would say.»
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Globalization of trade and development of information tech (that makes it easier to compare prices) have shifted the focus of competition from quality to price. But most of us aren't rich enough to afford cheap things.
I'm not sure if some de-globalization would help much, because the tech will still be there; but I'm not happy about the current state of affairs.
He was quit the character, wasn’t he? 🥹 I recall him being featured on the cover with a space alien on that fictional tabloid news magazine Weekly World News 📰 He got all upset by it! 😂
But I liked him, and one time sometime in the late 90’s he rented out a Crystal Cruise and took all his employees on a first class voyage. We performed on it, and produced him out of an empty box. He was fun, and his employees loved him. I think he was too thin skinned to be POTUS. In that job you face a lot of abuse.
I do remember him getting out of the race, then getting back in, due to what he perceived to be threats. If memory serves. So yeah, as you say, probably too thin skinned for politics.
He was quite a businessman though, and it is good to know that he treated his employees so well!
There’s a 70%–90% chance that proposed U.S. tariffs in 2025 will increase the cost of living, based on economic analyses and historical precedent.
J.P. Morgan: Estimates a 60% chance of a U.S. and global recession by the end of 2025, up from 40% earlier in the year. This is driven by aggressive tariff policies, including a 145% tariff on China and a 10% universal tariff, which could raise the average U.S. tariff rate to 30%. These policies are seen as a significant drag on growth, equivalent to a $1 trillion tax hike (3% of GDP), potentially amplified by trade retaliation and supply chain disruptions.
Since 2014, Washington state tax collections have more than doubled, ballooning to $36.4 billion in 2023. In fact, Democrats have passed nearly 50 new taxes and fees that hurt middle class families and drag down our state's economy. In the midst of a housing crisis, Democrats in the Legislature increased your property taxes.
There has been a war on the middle class and now it's in the guise of more taxes and unaffordable housing. Tariffs are just a socialist redistribution and taxation scheme. If our government wanted to increase jobs and production companies it would be better to cut taxes here in the US, close all loopholes for the uber wealthy, prohibit investment firms from monopolizing, replace corporations with employee owned businesses, eliminate the IRS, Federal Reserve, and property taxes. Property value should be capped at 30% of the average income to region. Then we would be better off.
Coincidentally, just yesterday we were examining a woolen vest (imported) at our local store (roughly equivalent to Dollar General but smaller, I suppose).
«It says 50% sheep wool.»
«Doesn't look like that,» my better half said skeptically.
«There is 50% sheep in great many deals,» I grinned.
«Sounds like something Rat would say.»
---
Globalization of trade and development of information tech (that makes it easier to compare prices) have shifted the focus of competition from quality to price. But most of us aren't rich enough to afford cheap things.
I'm not sure if some de-globalization would help much, because the tech will still be there; but I'm not happy about the current state of affairs.
I remember Ross Perot quipping, “I hear one big sucking sound.”
And he has certainly been proven right by history! I also remember him waving around his 'voodoo stick' while giving his speeches!
He was quit the character, wasn’t he? 🥹 I recall him being featured on the cover with a space alien on that fictional tabloid news magazine Weekly World News 📰 He got all upset by it! 😂
But I liked him, and one time sometime in the late 90’s he rented out a Crystal Cruise and took all his employees on a first class voyage. We performed on it, and produced him out of an empty box. He was fun, and his employees loved him. I think he was too thin skinned to be POTUS. In that job you face a lot of abuse.
I do remember him getting out of the race, then getting back in, due to what he perceived to be threats. If memory serves. So yeah, as you say, probably too thin skinned for politics.
He was quite a businessman though, and it is good to know that he treated his employees so well!