Summary

Donald Trump’s allies, including Elon Musk and John Paulson, are advocating sudden, unspecified spending cuts, likely targeting healthcare and social programs if Trump wins.

Despite strong economic performance under Biden, Trump’s agenda could double the national debt, raising taxes for most Americans while benefitting the wealthy. His policies may cut essential programs, lowering living standards in the short term.

Trump’s campaign has been a bait-and-switch, promising economic restoration while hiding the dire consequences of his proposals.

  • @[email protected]
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    19 days ago

    Let me break it down. They will WRECK the economy, democracy, women’s rights, religious freedom, and anyone who stood against them. But you will have easy access to as many guns and ammo as you like.

      • @[email protected]
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        3719 days ago

        They are going to keep the guns thing wide open as long as elections are a thing. Once they’ve gotten to a place where they’ve cemented their power in a way where voting doesn’t really matter anymore, they’re gonna take ‘em away right fucking quick.

        • @shalafi
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          1619 days ago

          Bingo. There are very few that understand this. Conservatives feel safe and liberals think guns will be a free for all. Both groups are morons.

          As you said, if Trump gets in, they’re taking the guns from all of us. Ironic that our gun rights are safer under a Harris administration.

      • @Arbiter
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        1619 days ago

        Ultimately the republican establishment wants strict gun control, they just know it’s a wedge issue with a lot of their voters.

        Kings hate the serfs being armed.

    • @[email protected]
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      1219 days ago

      After Trumps assassination attempt, allowing you to buy as many guns and as much ammo is as you want is not a certainty.

    • @[email protected]
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      1019 days ago

      By wrecking the economy, it makes it easier to buy up the property.

      A win for the extremely rich.

    • @[email protected]
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      19 days ago

      Don’t forget the climate. And that will have far greater long term effects to humanity than anything else.

  • @[email protected]
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    4719 days ago

    It’s the private equity playbook. Sell all the real capital assets to cover existing debt, rent replacement assets from the owners themselves using new debt, run operations so lean that you burn out 100% of your labor force, then declare bankruptcy and settle your own debt while keeping all the assets.

    It has already destroyed swaths of the private sector, and now they wanna do it to the entire economy.

  • @TrumpIsNotARepublican
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    3319 days ago

    I do not think that his core supporters identify with these sorts of arguments. I made some images with topics that I think connect more with his base. In the last couple days before the election, maybe you could share them with groups you know, in more populated places like Facebook and X (ignoring the problems with those places for the time being).

  • @[email protected]
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    2019 days ago

    raising taxes for most Americans while benefitting the wealthy

    this was literally always the agenda from day one 10 years ago. why is this still being presented as “news”?

    • DominusOfMegadeus
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      2219 days ago

      Because younger voters have no clue on most of this. A lot of them never even heard the “grab her by the pussy“ comment, and they were subsequently appalled, apparently.

      • @[email protected]
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        1319 days ago

        never even heard the “grab her by the pussy“ comment

        this should irreversibly torpedo anyone’s career, political or otherwise. i still have a hard time believing it didn’t

        • DominusOfMegadeus
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          819 days ago

          At the time I legitimately thought he was done. Just done. I could not conceive of anything else. Certainly not what actually happened.

          • @[email protected]
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            919 days ago

            it really opened my eyes to the fact that yes, there are indeed that many people who think it’s ok for someone who has no problem with assaulting women to run the whole country

    • @[email protected]
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      919 days ago

      Because as a cluster B personality disorder, the primary statement made when negative but truthful statements are made about them is: nuh-uh. To be clearer: no, they are doing it, not me. “They” being whomever the cluster B personality disorder deems their enemy at the time. (They always have an enemy, of sorts.). Sometimes it’s a vehement: no, YOU are doing this, not me.

      It’s a playbook of behavior with cluster B personality disorder that occurs like clockwork.

      Cluster B is borderline psychosis due to the alternative realities they present to self and others, which is simply where they exist. There is also high dysfunction for relationships, but not enough life dysfunction to get them institutionalized, most of the time. They are deeply sick individuals in need of help, in need of long term therapy.

      So here we are. A vehement denial of behaviors, and a demonization of the ones daring to describe negative behaviors out loud.

  • @[email protected]
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    1319 days ago

    “As Election Day approaches, however, Trump’s supporters in the business community seem to have realized that his proposals are unworkable and would wreak havoc on the financial system. The only way to make the numbers add up is to pair higher taxes on the bottom 80% with big cuts in programs such as Social Security, Medicare, Medicaid, food stamps, federal aid to education, and so forth. The exact balance of such cuts is unclear, though Johnson is clearly interested in cutting health programs.”

    Good article…Trump will trash the economy for no reason other than tax cuts for billionaires

  • @Cornelius_Wangenheim
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    19 days ago

    The only way to cut 2 trillion is by cutting Social Security and Medicare/Medicaid. Literally. All of the rest of the government only totals up to 1.7 trillion in spending.

  • @LEDZeppelin
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    419 days ago

    Oh Bloomberg, please tell us how Trump was an economics genius