Saturday, July 20, 2024

What We Will Get With Trump: Worse Inflation

 Rich people hate paying taxes to the government that makes them rich. They make even more money when inflation skyrockets. 

But Trump will serve himself and his rich friends. We will get self-inflicted inflation, not just pandemic-induced inflation.

Read The New Republic's Donald Trump’s Got a Bad New Presidential Inspiration:

Like Trump’s proposed 10 percent tariff on imported goods, McKinley’s was nobody’s idea of a cure for inflation. An October 1890 New York Times article on the implementation of the McKinley measure was headlined “Up Go the Prices Now.”

From The Washington Post: The Trump-Vance ticket aligns the GOP with Europe’s far right.

For decades, the Republicans styled themselves as the party of big business and free trade. At the Republican National Convention this week, Trump vowed more tariffs and Vance declared an end to the era of “catering to Wall Street” and championed “the working man.” 

sch 7/19 


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