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annoyed aussie
The Ring of Fire
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Comments by "annoyed aussie" (@annoyedaussie3942) on "Republican Business Leaders Have Ridiculous Plan To Survive Trump’s Tariffs" video.
The tech bros because they compared to business size don't import or export tangible goods, they also make major profits internationally.
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So you're blaming a free market guy for a crazy protectionist? Also Reagan while I think he reduced corporate tax it was only down to 35% not 21% like now. Reagan also raised the federal minimum wage once at least. Trump and Biden both didn't raise the minimum wage, also while not making things worse Biden was a protectionist low taxing high deficit president. Most of the US problems particularly with government debt have occurred since George W Bush and every president since failing to change course regarding economic issues and invading both Iraq and Afghanistan.
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They don't, they mostly buy US government bonds I think. So instead of taxing big corporations you are becoming indebted to them.
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How do you deal with $45-50 Trillion in government debt? I don't think either party is capable of that and government debt will keep rising rapidly until a major problem occurs. The only real protection the US has and the reason why nothing has happened yet is the USD being the main reserve currency of the world.
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