I confess to back pedaling into Trump territory when I wanted to leave discussions about him in the garbage can. My thread on the read-only break room site has 9,600 replies so I thought I'd bring up a new one.
He's not going away.
Haberman's book is out based on interviews. I won't read it, but the excerpts are interesting. Especially what he says about McConnell, a description that's against the Terms of Service here, but I actually don't disagree with. LOL
Quote
“At one point, Trump made a candid admission that was as jarring as it was ultimately unsurprising. ‘The question I get asked more than any other question: “If you had it to do again, would you have done it?”’Trump said of running for president. ‘The answer is, yeah, I think so. Because here’s the way I look at it. I have so many rich friends and nobody knows who they are.’ … Reflecting on the meaning of having been president of the United States, his first impulse was not to mention public service, or what he felt he’d accomplished, only that it appeared to be a vehicle for fame, and that many experiences were only worth having if someone else envied them.”
I don't have a lot of time, but I'm not really finding that price gouging was a real issue in inflation, and I don't the feds or states found any evidence of it on a large scale.
But as I've said stockholders are going to keep their profits high regardless if prices rise. They've said this in regards to tariffs, they will pass the cost of higher prices onto consumers.
Capitalism is alive and well in Biden and Harris's so called communist state despite those rules and regulations Biden apparently added.. Some economists say record corporate profits are the reason inflation is still with us.
I'm with J22, given this situation these companies do not need tax cuts. They are doing just fine.
Yes, I understand we have a spending problem. Getting out of control unnecessary spending under control is necessary. Handing successful companies making record profits a tax cut just isn't necessary. In my opinion.
Quote
Companies' financial disclosures cover global operations, meaning lots of variety in costs and prices. But for almost all companies that NPR analyzed, between 2018 and 2023 the margins either declined or grew less than 1%.
Yes, the bird flu has caused shortages. The Biden administration didn't cause this. Do you really think Trump has a plan for controlling that?
im on my phone, so offering stories on price gouging by Albertsons and meat packers are easy to find, if you look.
Trump has directly told the wealthy and businesses that he will lower taxes. Corporations are making record profits. Why do they need a tax cut?
I didn't say the Biden administration caused the bird flu. You said Trump didn't understand economics and pointed out as an example that he said supply chain issues were a cause of inflation but he didn't acknowledge the bird flu. Shortages are part of, maybe the biggest, issue regarding supply chain. He seems to understand that just fine.
Oh, Albertsons...haha...they settled a relatively small lawsuit out of court regarding price gouging. $4 million. Do you think if that was a major factor of nationwide inflation for the last four years that they could get away with settling for $4 million?
Remember when Biden and Democrats said four years ago that inflation was "transitory" ? That seems to be strong evidence that they are the ones who are economic illiterate.
Generally speaking, corporations and individuals are better off when they can keep more of the money they earn. And, our government spends and wastes too much money. Feel free to try and convince me otherwise.
I'm not convince anyone that there isn't waste in any large organization. That is what happens when systems grow larger.
The GOP and Trump have been blaming Biden for inflation for the last 4 years, even though he inherited an economy trashed by a pandemic, and exacerbated by circumstances beyond his control. And yet, the USA economy has fared better than the rest of the world and inflation has slowed.
Trump has been promising, repeatedly, that he well bring down the price of groceries. But in the TIME magazine interview, he dialed that back.
Corporations are making huge profits at the expense of individuals. I think they should give some back, either by cutting what they charge the consumer, or paying tax.
If you look at the curve inflation was indeed a curve up and down, and was stubborn.
One of the big problems in Japan the last 30 years is deflation or stagnation and they are trying for some inflation. There's a balance somewhere but surely the double digit inflation we endured was not good.
Generally speaking people and organizations that get to keep the money they earn is a good thing. I'm bitter I pay more taxes than many rich and lower incomes and get nothing. But we also need infrastructure, goods and services. We need reserves for a rainy day such as a global pandemic, mother nature events and war. Now is not the time to give the wealthy a tax cut whole programs are cut. You can't convince me otherwise.
Last time Trump didn't do much for the deficit and spending. Glad he seems to care now but let's not do it and turn around lower revenue.
I might add that does seem to be a difference between conservatives and liberals. Generally Americans are more concerned about their individual state rather than society and the world at large. I think conservatives a tad more so, not a criticism but an observation.
The Washington Post is reporting that Trump is considering privatizing the Postal Service. I am trying to gift this article link, but I know sometimes it doesn't work.
This seems like a bad idea to me. What happens to all the rural locations that will lose daily delivery? Who will take on the "last mile" delivery for Amazon?
What about pensions? Although there is a certain irony if there are postal workers that voted for him and will get a huge pay cut and lose benefits.
The Washington Post is reporting that Trump is considering privatizing the Postal Service. I am trying to gift this article link, but I know sometimes it doesn't work.
This seems like a bad idea to me. What happens to all the rural locations that will lose daily delivery? Who will take on the "last mile" delivery for Amazon?
What about pensions? Although there is a certain irony if there are postal workers that voted for him and will get a huge pay cut and lose benefits.
Can't read the article because of a paywall, but it is an idea I've heard of before.
Corporations are making huge profits at the expense of individuals. I think they should give some back, either by cutting what they charge the consumer, or paying tax.
Interesting. So you're in favor of price controls and rolling back the Trump tax cuts?
The current corporate tax rate is 21%. Trump promises incremental decreases down to 15%, but just for manufacturing.
What do you think the corporate tax rate should be?
And, you've said he wants to give more tax breaks to the wealthy. What specific proposals of his in relation to this do you disagree with?
Tweety said:
Now is not the time to give the wealthy a tax cut whole programs are cut. You can't convince me otherwise.
Last time Trump didn't do much for the deficit and spending. Glad he seems to care now but let's not do it and turn around lower revenue.
What tax cuts for the wealthy has he proposed that you disagree with?
I've heard of his ideas to not tax tips or social security. And to incrementally lower corporate tax rates on manufacturing and to renew his tax cuts that expire soon. You obviously are against those if you think that will lower revenue. What other potential revenue lowering proposals do you disagree with?
Why lower revenue at this time, when corporations seem to be doing just fine? If manufacturing was struggling, such as during the 2008-2009 crisis, that would make sense, but not now. It seems to me, that changing the tax code every 4 years would make long term planning tough.
It seems to me that the only reason Trump is talking about tax cuts is to reward billionaires who supported him.
Why lower revenue at this time, when corporations seem to be doing just fine? If manufacturing was struggling, such as during the 2008-2009 crisis, that would make sense, but not now. It seems to me, that changing the tax code every 4 years would make long term planning tough.
It seems to me that the only reason Trump is talking about tax cuts is to reward billionaires who supported him.
Again, what specifically to you disagree with about his proposals? How would his proposals be rewarding billionaires?
Your reluctance to be specific makes it seem like you don't really know what his proposals are or how they would affect the wealthy or anyone else.
I made the error of answering a question with a question. For clarity, I do not think revenue should be lowered. I don't know how to be more specific than that.
And I don't think Trump's plan to generate revenue with tariffs will work. I don't think "drill, baby, drill" will work, either.
Trump can have all kinds of plans. It is up to Congress to write a budget, and those yahoos struggle to even elect a speaker.
I made the error of answering a question with a question. For clarity, I do not think revenue should be lowered. I don't know how to be more specific than that.
Tweety, BSN, RN
36,411 Posts
I don't have a lot of time, but I'm not really finding that price gouging was a real issue in inflation, and I don't the feds or states found any evidence of it on a large scale.
But as I've said stockholders are going to keep their profits high regardless if prices rise. They've said this in regards to tariffs, they will pass the cost of higher prices onto consumers.
Capitalism is alive and well in Biden and Harris's so called communist state despite those rules and regulations Biden apparently added.. Some economists say record corporate profits are the reason inflation is still with us.
I'm with J22, given this situation these companies do not need tax cuts. They are doing just fine.
Yes, I understand we have a spending problem. Getting out of control unnecessary spending under control is necessary. Handing successful companies making record profits a tax cut just isn't necessary. In my opinion.
https://www.npr.org/2024/09/09/nx-s1-5103935/grocery-prices-inflation-corporate-greedflation
https://www.forbes.com/sites/georgecalhoun/2024/11/14/is-price-gouging-real-whos-doing-it-is-it-driving-inflation/
https://www.capecoralbreeze.com/opinion/letters-to-the-editor-guest-opinions/2024/05/17/record-corporate-profits-are-a-primary-reason-inflation-is-still-with-us/