President Donald Trump on Sunday claimed that a “dividend of at least $2000 a person” will be paid to all Americans except for “high-income people,” saying the country is now wealthy as a result of his tariff policies.
“People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER,” the president wrote.
What do I care? It’s all funny money anyway.
Not that Donnie Dipshit is actually going to deliver. But I’m tried of hearing about the deficit whenever “money for plebs” is on the table. Then Israel or Argentina gets $40B no questions asked. Nobody seems to bat an eye.
You paid him more than his bullshit 2k anyway. Weren’t the earliest estimates like 3.5k annual per household? Not to mention, you can’t buy my complacency on dismantling of the economy. Fuck Trump. I’d rather eat roaches than take his stimulus.
You can’t buy my complacancy… but you can try. Maybe try again, just to be sure.
I didn’t pay him shit. I paid the retailer. And the retailer sets prices as the optimal clearing rate - the point at which (units sold * price) = max(profit). If the retailer can charge me $120 instead of $100 and still maximize profits, they’ll do that whether a tariff exists or not.
We can. Purchased complacency has been the bedrock of modern economic theories since at least Roosevelt. The state spends money to appease the masses while the private sector extracts their labor at a profit.
Trump’s engaging in this arbitrage with the subtlety of a heart attack. But his policies aren’t novel. Cutting people checks and telling them “Now Support Me!” is a time tested strategy for whipping votes and quelling opposition.
Enjoy your roaches. I’ll be cashing any checks sent my way.
Very surface level. Thanks for the perspective.
The National debt bill will come due one way or another. Either through “austerity” clawbacks or devaluing your wages by printing money. It’s not like they’re going to tax the rich.
Who owns the debt and what does “coming due” look like? Treasury bonds have been recycled for over a century. We haven’t had a “zero” national debt since… what? The Andrew Jackson Administration? And that royally fucked the economy by depriving it of a secure repository for long term savings.
At some point, everything we do in the economy is a choice. The idea that we all need to suffer because a number on a ledger goes up or down entirely decouples the idea of money from the consequences of public policy and private administrative decisions.
There’s no material reason for clawbacks or devaluation, outside the fact that its an outcome certain powerful people are seeking. It isn’t a consequence of the national debt any more than the New Deal / Great Society or the Petrodollar were a result fiscal prudence.