Lmst

Paul Krugman unpacks the U.S. trade war as a class conflict, not just economic retaliation. He exposes tariffs as mostly illegal, echoing Smoot-Hawley’s 1930 disaster, and as regressive taxes hurting middle and lower-income Americans while aiding the wealthy. See how these policies undermine wages and fail manufacturing here: https://paulkrugman.substack.com/p/the-economics-of-smoot-hawley-20-cf7 Great analysis by Krugman. #PaulKrugman #TradeWar #Tariffs #ClassWar #IncomeDistribution #TrumpPolicies #Economics #SmootHawley #RegressiveTax #Manufacturing #Wages

I awoke to propaganda from #SocialSecurity this morning, celebrating the glorious Big Bill! W.T.A.F! #RegressiveTax

4. taxpayers age 65 and older ensuring that retirees can keep more of what they have earned. social security remains committed to providing timely accurate information to the public and will continue working closely with Federal partners to ensure beneficiaries understand how this legislation may affect them.

3. security commissioner Frank bisignano. for nearly 90 years social security has been a cornerstone of economic Security for older americans. by significantly reducing the tax burden on benefits legislation reaffirms president Trump's promise to protect Social Security and health insurance that seniors can better enjoy the retirement they've earned. and quote

the law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries providing relief to individuals and couples additionally it provides an enhanced deduction for taxpayers aged 65 and older ensuring that retirees can keep more of what they have earned.

2. from the Social Security applauds passage of legislation email: the Social Security Administration is celebrating a passage of a one big beautiful Bill a landmark piece of legislation that delivers long-awaited tax relief to a millions of older americans. the bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy. this historic step forward for America's seniors said Social Security commissioner Frank disick Manuel for nearly 90 years social security has been ...

this morning I received an email titled Social Security applauds passage of legislation providing historic tax relief for seniors.

Paul Krugman exposes the "One Big Beautiful Bill Act" as a cruelly regressive law designed to enrich the ultra-wealthy while slashing crucial services for the poorest Americans. The CBO warns of significant economic losses for low-income households, with no deficit reduction in sight. This reflects a troubling alignment with authoritarian practices, prioritizing Trump over democracy. Discover more insights in the full article.

https://paulkrugman.substack.com/p/reverse-robin-hood-and-trumpian-totalitarianism
#PaulKrugman #Trump #OneBigBeautifulBill #Republicans #CBO #RegressiveTax #Healthcare #FoodSecurity #Democracy #Authoritarianism

@SeanCasten
logic is not their strong point and they are hoping that nobody will notice.

keep it simple, #Tariff are a #tax on the people of US . We should be calling it the "republican tariff tax" #RTT.

It's like the income tax only its on what you buy not what you earn. Not any different than a national sales tax.

It is also a #regressiveTax, what you pay, as a percentage of what you earn, is higher on #poorPeople

It also allows other corps to raise the price of their goods.

🙄 #AKHouMaj claim: "We are prioritizing #WorkingAKfams!!"

Fact: Their Finance Co-Chair just endorsed yet another expansion of the "most regressive tax ever proposed." A $1000 PFD = about an 83%/17% POMV split.

https://buff.ly/3QqYff3

#akleg #RegressiveTax&Spend

Transit is one of the cheapest, most efficient, and cleanest ways to get people around quickly. We can't afford NOT to make it available to anyone that needs it. #ClimateCrisis #solutions #poverty #regressivetax

https://www.youtube.com/watch?v=iichSkwQyjw

#transit #bcpoli #translink #fuckcars #bancars

#regressiveTax

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