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Everything posted by TedG
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All the gaslighting blew up in their faces last night.
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What about the tax cuts?
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Looks like the math went over your head. The 500 billion Joe talks about won't cover his 1.7 trillion dollar deficit.
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“He had the largest national debt of any president in a four-year period,” Biden said of Trump. “Number two, that $2 trillion tax cut benefitted the very wealthy. What I’m gonna do is fix the tax system. For example, we have a thousand trillionaires in America. I mean billionaires. And what’s happening? We’re in a situation where they in fact pay 8.2% in taxes. If they just pay 24%, 25%, either one of those numbers we would’ve raised $500 million– billion dollars, I should say, in a 10-year period. We’d be able to wipe out his debt. 500 billion x 10 = 5 trillion. The national debt is 34 trillion. Yes, Joe Biden is tossing out the "facts".
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Biden looks awful. Sorry for your loss tonight.
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Cool story bro.
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RIP Joe. It's over.
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It will be fun to head the headlines after the debate. Everyone will claim their guy won.
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Thus, you don’t know. This is low hanging fruit man.
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You are free to define these terms for everyone’s education.
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This is good news.
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Trump Positions More Like Communism Than Capitalism
TedG replied to Social Media's topic in World News
Why is it Whataboutary? -
Trump Positions More Like Communism Than Capitalism
TedG replied to Social Media's topic in World News
From The Economist Joe Biden is more responsible for high inflation than for abundant jobs The main effect of the president’s economic policies has been to boost prices https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs -
Trump Positions More Like Communism Than Capitalism
TedG replied to Social Media's topic in World News
Let's look up Karl Marx's view on tariffs. From ChatGPT Karl Marx had a nuanced view on tariffs. His stance was largely influenced by his broader economic theories and the context of the economic and political situations of his time. Criticism of Capitalist Tariffs: Marx was critical of tariffs when they were used in capitalist economies to protect the interests of the bourgeoisie or capitalist class. He saw them as a tool that could be used to manipulate trade for the benefit of the capitalists at the expense of workers and consumers, leading to higher prices and less economic efficiency. Support for Protective Tariffs in Developing Economies: On the other hand, Marx acknowledged that tariffs could play a role in protecting infant industries in developing countries. This view aligns somewhat with the ideas later formalized by economists like Friedrich List, who argued that developing economies might need to implement protective measures temporarily to build up their industrial base and compete with more established economies. Political and Economic Context: Marx’s views on tariffs cannot be fully understood outside of his overall critique of capitalist economic structures and his advocacy for socialism. He believed that while tariffs could sometimes be justified within the logic of a capitalist economy (like protecting nascent industries or retaliating against economic aggression from other nations), they ultimately perpetuated the inequalities and inefficiencies of capitalism. In summary, while Marx was generally critical of the capitalist use of tariffs for protectionist and nationalist purposes, he recognized that under certain conditions, tariffs could be a necessary tool for economic development in less advanced economies. His ultimate goal, however, was a move towards a socialist society where such mechanisms would be rendered obsolete by the planned and equitable distribution of resources and production. Joe Biden put tariffs on EVs from China and kept all of Trump's tariffs in place. -
After years of this supposed “genocide” the population seems to be growing. Gaza's 2024 population is now estimated at 800,636. In 1950, the population of Gaza was 63,444. Gaza has grown by 22,449 in the last year, which represents a 2.88% annual change. These population estimates and projections come from the latest revision of the UN World Urbanization Prospects. https://worldpopulationreview.com/world-cities/gaza-population