Something’s got to give. The hard split with Russia and the increasing soft split with China is threatening the global dominance of the petro-dollar. At some point, the US is going to need to in-source large parts of its economy, and that’s going to require public sector investment in a period of retreating dollar-dominance. That means either we gut spending on education, transportation, and health care (which would undermine re-industrialization at home) or we raise taxes.
Twelve years ago, you had Mitt Romney talking about putting more lower-class American “skin in the game” by imposing a higher taxes to cover the 47% of Americans who don’t owe income taxes. That was a prelude to the modern moment, which we’d been kinda-sorta fortunate enough to forestall by deepening our trade relations with “enemy” nations and riding a new DotCom bubble out of the COVID crisis.
But now we’ve got serious revenue problems at the federal and state levels. We’ve cut too deeply on upper class taxes, and our political incentives are only to cut deeper. Gotta make that up from somewhere, or you’re back to another inflationary spiral as the US floods with its own cheap money.
Is that bullshit that the Arkansas AG is pulling going to be allowed to go through? For anyone who is not aware, Arkansas got enough signatures to have an abortion initiative on the ballot. The AG threw out the petition because some of the signature gatherers were paid. He allowed two other initiatives (one for weed and one for casinos) to be on the ballot that had the same issue.
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Holy fucking shit, I wish mainstream outlets would take notes. Any time Trump talks about crime or immigration or really anything, all you have to do is bring up facts. Quit fucking meeting Republicans in the middle with their lying and bigotry.
Notably absent from Walz’s speech was any real substance on foreign policy
It’s not the VPs place to introduce policy proposals, that’s the job of whoever is at the top of the ticket.
That said most Americans rank Gaza low on their list of priorities, so expect Harris to focus on issues they find important like women’s rights and housing.
That said most Americans rank Gaza low on their list of priorities, so expect Harris to focus on issues they find important like women’s rights and housing.
It’s either important enough to take seriously, or not important enough where it can be ignored, but then you can’t complain to the people you completely dismissed when they don’t vote for you.
In 1945, we operated under what was functionally a command economy at the tail end of a globe-spanning total war.
I mean, we can debate the efficacy of that economic model (re: The People’s Republic of Walmart), but I’d rather the US be funding and fighting fewer wars, not more of them. FFS, if you give any number of shits about climate change, a global mobilization of killing machines is not going to point us in the right direction.
The threat and urgency of climate change is all the more reason to take that money and apply it to those problems. Not only does that help tackle the issue directly, it takes resources away from the biggest contributors to the problem. You have asshole rich fucks commuting to the office by private jet.
Why do you assume the taxes have to go hand in hand with investing in war?
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