paf0@lemmy.world to politics @lemmy.world · 2 months agoA Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs saysqz.comexternal-linkmessage-square40fedilinkarrow-up1493arrow-down19cross-posted to: usa@midwest.social
arrow-up1484arrow-down1external-linkA Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs saysqz.compaf0@lemmy.world to politics @lemmy.world · 2 months agomessage-square40fedilinkcross-posted to: usa@midwest.social
minus-squareTransplantedSconie@lemm.eelinkfedilinkarrow-up26arrow-down4·2 months agoIt is because the dipshit’s planning ten percent tariffs on everything coming into the united states. That’s a 10% increase in tax for all of us in the US across the board.
minus-squareBilliam@lemmy.worldlinkfedilinkarrow-up5·2 months agoAnd if you have any savings, that’s 10% less money you’ll have. If you don’t have any savings, guess what happens when the price of everything increases 10%? (This is also why flat taxes are stupid. It’s because they’re regressive.)
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up16arrow-down3·edit-22 months ago“Hey Wall Street, which campaign are you donating the most money towards?” In About-Face, Wall Street’s Big Donors Warm to Trump
minus-squareSGforce@lemmy.calinkfedilinkarrow-up9arrow-down5·edit-22 months agoThat article is from May and only site’s hedge fund billionaires.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down1·edit-22 months ago only site’s hedge fund billionaires I hear they’ve got a bit of money between them. You’re talking about institutions that control roughly 80% of the entire S&P market cap.
minus-squareXatolos@reddthat.comlinkfedilinkarrow-up9arrow-down2·2 months agoHistory shows Democrats are better for the economy than Republicans.
minus-squareCitizenKong@lemmy.worldlinkfedilinkarrow-up1·2 months agoThis is also true for literally any conservative government in the rest of the world too. Fascists are particularly bad for the economy (since they usually funnel all the money to themselves).
Neat if true
It is because the dipshit’s planning ten percent tariffs on everything coming into the united states.
That’s a 10% increase in tax for all of us in the US across the board.
And if you have any savings, that’s 10% less money you’ll have.
If you don’t have any savings, guess what happens when the price of everything increases 10%?
(This is also why flat taxes are stupid. It’s because they’re regressive.)
Well, 9.1% less money, but yes ;)
This guy calculates
“Hey Wall Street, which campaign are you donating the most money towards?”
In About-Face, Wall Street’s Big Donors Warm to Trump
That article is from May and only site’s hedge fund billionaires.
I hear they’ve got a bit of money between them. You’re talking about institutions that control roughly 80% of the entire S&P market cap.
History shows Democrats are better for the economy than Republicans.
This is also true for literally any conservative government in the rest of the world too. Fascists are particularly bad for the economy (since they usually funnel all the money to themselves).