11-23-2024, 03:05 AM
It seems mass deportation is the sole proposal Trump is genuinely serious about. Everything else sounds like bullshit. Elon and his tech bros are all about shrinking the Federal government's power and size so they may establish their own little Darwinian kingdoms where they set all the rules.
Cutting the federal budget is NOT likely to happen. According to my understanding, budget cuts fall outside the constitutional authority of a President. Only Congress has the authority to control Federal spending and may or may not act on external proposals. Federal employees, spanning various departments such as the DOJ, IRS, and others, incur an annual cost of around $271 billion to taxpayers, representing roughly 4% of the overall federal budget. The primary sources of spending are Medicare, Medicaid, social security, and the Department of Defense, and I doubt Congress will address those areas. Elon and his brown associate are merely in advisory roles with zero power.
There is only a 70% likelihood that he will implement serious tariffs. Herbert Hoover attempted this very strategy to avert the worsening of the recession initiated by Calvin Coolidge. He believed that by promoting American products, he would contribute to the growth of the economy. The attribution of the Great Depression to Hoover rather than Coolidge stems from the fact that, while it was Coolidge's economic policies that initiated the recession, it was Hoover's tariffs that led to the Great Depression. It appears that that the right-wing is following this blueprint
If this report is accurate: https://mol.im/a/14091345 it appears like Trump and his associates are poised to crash the economy while profiting significantly. America's billionaires would welcome a recession or depression, especially a particularly severe one. They can buy everything at 50% cost. Perhaps a major economic crash will be beneficial. It should redistribute money inside the system. Right now, old folks have all of the money. An economic downturn should cut their riches in half while giving younger people a chance to advance. Some houses will go from $400,000 to $200,000, putting an end to a massive wealth transfer between generations. If you are affluent yet unprepared, the situation may more dire; I would withdraw all my funds from the equity markets. Postpone engagement until prices decline, then participate in the liquidation sale.
Cutting the federal budget is NOT likely to happen. According to my understanding, budget cuts fall outside the constitutional authority of a President. Only Congress has the authority to control Federal spending and may or may not act on external proposals. Federal employees, spanning various departments such as the DOJ, IRS, and others, incur an annual cost of around $271 billion to taxpayers, representing roughly 4% of the overall federal budget. The primary sources of spending are Medicare, Medicaid, social security, and the Department of Defense, and I doubt Congress will address those areas. Elon and his brown associate are merely in advisory roles with zero power.
There is only a 70% likelihood that he will implement serious tariffs. Herbert Hoover attempted this very strategy to avert the worsening of the recession initiated by Calvin Coolidge. He believed that by promoting American products, he would contribute to the growth of the economy. The attribution of the Great Depression to Hoover rather than Coolidge stems from the fact that, while it was Coolidge's economic policies that initiated the recession, it was Hoover's tariffs that led to the Great Depression. It appears that that the right-wing is following this blueprint
If this report is accurate: https://mol.im/a/14091345 it appears like Trump and his associates are poised to crash the economy while profiting significantly. America's billionaires would welcome a recession or depression, especially a particularly severe one. They can buy everything at 50% cost. Perhaps a major economic crash will be beneficial. It should redistribute money inside the system. Right now, old folks have all of the money. An economic downturn should cut their riches in half while giving younger people a chance to advance. Some houses will go from $400,000 to $200,000, putting an end to a massive wealth transfer between generations. If you are affluent yet unprepared, the situation may more dire; I would withdraw all my funds from the equity markets. Postpone engagement until prices decline, then participate in the liquidation sale.
