/r/esist
/r/esist
I'm a social democrat, but I think there's enough sentiment among Americans against associations specifically with "socialism," and have considered more broad and inclusive alternatives which includes social democracy and other left democratic goals.
Feel free to post alternative names in comments.
Project 2025 will...
I know this sounds weird, but all the news about Trump made me do research, and more research. I found video evidence! Pardon the video quality, I just slapped everything together so you could see it. Here is Proof that Trump really IS Hi#ler!
Edit: Oops! I mean for the title to say “You all need to understand that Trump et al AREN’T confused about tariffs causing inflation, they WANT inflation”
Look, Trump has a ton of debt and his rich buddies have a ton of debt. A lot of people don’t know how this works, but if you are a billionaire you don’t spend your money unless you have to. Instead they use their shares of the companies they’ve started as collateral and get securities backed loans at super low interest rates from the bank. Cash you receive from a loan isn’t taxed, so this is a way to access the value of their assets without actually selling any and triggering capital gains taxes.
Loans have a set principle in dollars or whatever the currency at the time of setting the contract, and after that you have to pay back the amount borrowed per the contract plus the interest.
If the dollar suddenly devalues by 100x because of hyperinflation, you can clear out your debt at a huge discount because paying back each original dollar in the contract is now like paying back a penny, meanwhile your stocks / investments have likely somewhat kept pace with inflation so you have lots of extra dollars.
It isn’t stupidity, they are trying to screw everyone who doesn’t earn a living based on asset valuations.