• Placebonickname@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    21 hours ago

    Wouldn’t the ultra wealthily have more wealth if the 90% of Americans could afford to buy more than just the basics + rent/utilities?

    • qprimed@lemmy.ml
      link
      fedilink
      English
      arrow-up
      3
      ·
      21 hours ago

      the top 10% of asset owners now account for 50% of all spending. this used to be ~30% years ago. discretionary spending by the vast majority of the population is in terminal decline.

      your best bet to finish the extraction of wealth from the bulk of society is a (not so) hidden tax on necessities, and this is exactly what the tariffs are - a non congressionally approved tax.

      tariffs, combined with the dismantling of public services and social security, will allow trump to fund his multi trillion $ tax breaks for his real base. you and I are the surplus thatbwill now be funnelled upwards.