The financial genius;
“ Berezin cites a recent study by The Budget Lab at Yale, which estimated Trump’s tariffs would reduce real disposable income for the median U.S. household by somewhere between $1,900 and $7,600. “Even if that money were entirely funneled back into tax cuts, the net impact on aggregate demand would be negative because tariffs disproportionately hurt lower-income consumers with high marginal propensities to spend,” he says.”
@Jorro I’m thinking buying less might be necessary, which always hurts our economy because we are the ones who spend our money, they “save” it far away from any chances of it being taxed or helping our economy in any way, shape, or form. The wealthy are really a threat to our country in several ways aren’t they.
@ToruOkada @cjcrew yes, we can see they are a threat by the way they are being treated, by democrats and republicans!!
@cjcrew yes they are !!
@cjcrew They are a threat to human survival, no less. @Jorro
https://counter.social/@ToruOkada/108877365417629817