We are losing purchasing power, so in essence we are getting poorer. It’s not from clothing though. It is because the costs of essentials like healthcare, housing and food have increased so far ahead of wages.

If the Fed no longer remains independent, everything is toast. Our nation will become insolvent, our economy will whiplash back and forth constantly with inflation being uncontrollable. Monetary policy shouldn’t be answerable to political needs, just economic needs.

The majority of people that rely on the programs being gutted by MAGA and Elon are people in red states. Between this and Trump taking a dump on the markets, it’s primarily red states and the capital holding class he’s fucking. Well, them and BIPOC and LGBTQ folks.

7. At this point I feel like I’m going off topic and the 300 character limit is frustrating. I can write you a 20,000 word essay if you really want my opinion. 😂

6. If we created a progressive tax-system and used the money to invest in human capital, meaning education, healthcare, etc. we would have a much smarter and healthier, and thus more productive workforce. Instead we are all dying on the job for $10/hour.

5. The US has moved into a post-industrial society, otherwise known as a service economy. Most jobs are now in services than in manufacturing. When this happened in the 90s, post-NAFTA, we didn’t invest in our people. Instead all the GDP gains went to the owners of these conglomerates.

4. Why are we trying to save industries that are dying as a result of market forces? The market has made these jobs obsolete. Instead of investing in future jobs, like renewables, AI, EVs, etc. we are spending billions trying to save dead industries.

3. The perfect example of this is steel. Steel tariffs are supposed to save steel producing jobs, but there are more jobs in the US that rely on steel as a resource than there are in creating it.

2. Furthermore, the tariffs aren’t going to bring manufacturing jobs back because it’s cheaper and easier to rely on automation, as well as the fact that he’s tariffing the materials needed for manufacturing.

Beyond the fact that it’s just a consumption tax put on American consumers (and we all know that consumption taxes are regressive as they affect poorer people harder), there is the problem that it is making our debt an unreliable investment. He’s risking the solvency of the US.

It’s ok because the ice agent wasn’t a dog. If he was he’d be dead already.