this post was submitted on 07 Oct 2024
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Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds (www.huffpost.com)
submitted 2 days ago by usernamesAreTricky@lemmy.ml to c/politics@lemmy.world
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[–] Phoenicianpirate@lemm.ee 26 points 1 day ago (1 children)

For most of my life I blissfully had no idea who Trump was, as I grew up in the Middle East and not North America. While I did hear his name a few times I had no idea who he was or what he did or anything about him.

But the first time I heard him was back in 2010 when I saw YouTube interviews with Trump I wasn't initially sure of what to make of his proposed tariffs with China (and he was talking about them back then), but after just some thinking (I had just graduated with a Bachelors in business at the time) and more reading I concluded that his idea was bonkers.

Then cracked.com made an entire series of articles that were wildly successful that documented just what a horrific businessman and human being he was. You know on how comments sections anywhere are often highly toxic and conflict ridden? The comments on the Trump articles were actually quite unanimous on how much everyone hated Trump!

I still can't believe that he won and I cannot believe that his presidency was real.

[–] jagged_circle@feddit.nl 0 points 1 day ago* (last edited 1 day ago) (3 children)

You do realize he didn't win, right?

Its a well-documented historical fact that Clinton got more votes than Trump, but the US isn't a democracy. Trump declared himself the winner and nobody did anything to stop him

[–] TheObviousSolution@lemm.ee 12 points 1 day ago

This obsession to shift the definition of what's required to be president just so you can continue a world view of winners and losers is as meaningless as it is American. Trump won the election due to the electoral college and gerrymandering shenanigans, but lost the popular vote. Why not say that most people didn't want him as a president and why did the system allow it instead of mapping this into Americas obsession with winners and losers? He literally did not win, and it highlights a flaw in the system that needs to be addressed.

Nobody "did anything to stop him" because at that point, you are dropping down to his level and calling for an insurrection. That the side of morons with guns and expanding prison systems has no problems with insurrections might highlight another even darker problem, one which might be a bigger problem when those morons are also the ones crowding around and abusing positions of authorities up to the federal supreme court level, regardless of whether they are a minority.

[–] pyre@lemmy.world 2 points 1 day ago (1 children)

it's not because trump declared himself the winner. it's because in the US, empty lands can have more votes than people. it's called electoral college but that's what it really is. essentially rocks and dirt voting.

[–] jagged_circle@feddit.nl 1 points 17 hours ago (2 children)

When I learned about the electoral college in a US school, I was told by my teacher that it exists so the delegates can override the people's vote in an event where they voted for someone clearly terrible (eg a clown or a fascist)

Again, Trump lost the popular vote, and the US just let him claim that he won, when they should have stopped it.

[–] MouseKeyboard@ttrpg.network 5 points 17 hours ago

The electoral college exists to give slave states more votes.

[–] pyre@lemmy.world 1 points 14 hours ago

that's the excuse. the real reason is to give republicans/conservatives more voting power, and for a long time now, any chance of winning elections really.

you know how they cry about DEI because they think it gives minorities undue positions? the electoral college is that kind of DEI for conservatives. otherwise the country wouldn't be this backwards so consistently all the time.

voter suppression and gerrymandering helps too of course. basically the less democratic the voting process the better chances they have.

[–] boonhet@lemm.ee 2 points 1 day ago

He didn't declare himself the winner. The voting system is a bit more complex and while it's possible to completely override the election results through the electoral college, usually what happens is that the blue candidate gets a lot more votes in populous states with big cities (California, NY, etc), but as soon as you're one vote ahead in a state, the extra million or 2 don't matter.

Something that's been proposed to combat this without moving to an entirely new model, is for states to no longer be all or nothing. Instead of candidate A getting 60% of the votes and 100% of the EC vote, they'd get 60% of the EC vote and the other guy would get 40%. Then all votes would matter, rather than only swing state votes.

[–] alexc@lemmy.world 146 points 2 days ago (1 children)

Let’s guess which five percent don’t get an increase…

[–] Zachariah@lemmy.world 77 points 2 days ago (1 children)

Only 5% of the wealthiest households would come out ahead under Trump’s plans.

[–] Phoenicianpirate@lemm.ee 7 points 1 day ago

Which is his intention.

[–] Myxomatosis@lemmy.world 113 points 2 days ago (1 children)

I’m still pissed about having to pay more in taxes this year thanks to this moron’s prior “tax cuts.” The fact that this jackass wants normal Americans to pay even more in taxes should be enough to sink his campaign but here we are.

[–] Pantsofmagic@lemmy.world 81 points 2 days ago (1 children)

This dude raised my taxes more than any previous administration.

[–] Myxomatosis@lemmy.world 38 points 2 days ago (1 children)

Somehow even more than Bush with his two pointless wars.

[–] RestrictedAccount@lemmy.world 3 points 1 day ago

Does anyone remember the oppressive taxation of the 1990’s?

No?

We had a budget surplus then, and we created the modern internet.

[–] tiefling@lemmy.blahaj.zone 84 points 2 days ago* (last edited 2 days ago) (1 children)

Trump supporters don't care, they're happy to pay the Trump tax as long as the "right" people are being hurt/killed/displaced

[–] Mesophar@lemm.ee 7 points 1 day ago (1 children)

And they will look at you with a straight face and say how much better the economy was under Trump. They really don't care about any other factors, they will literally attribute any good thing to have been the masterwork of Trump, and anything they don't like is some evil plot by Democrats intentionally structured to hurt them specifically.

[–] RestrictedAccount@lemmy.world 2 points 1 day ago* (last edited 1 day ago)

TBF, they constantly hear lies about this by foreign controlled media.

(Fox News)

edit: they are probably naturalized citizens by now, but the point still stands

[–] Raiderkev@lemmy.world 28 points 2 days ago (1 children)

Fucking duh. So you think any of the idiots that will vote for him will bother to read this?

[–] finitebanjo@lemmy.world 14 points 1 day ago* (last edited 1 day ago) (2 children)

Yeah they still support him after the 2016 tax shitshow that cut taxes for the rich and raised it for everyone else.

[–] whyalone@lemm.ee 2 points 1 day ago (1 children)

Yeah, but what if you become rich overnight, it might benefit you.

[–] finitebanjo@lemmy.world 1 points 1 day ago

TBH I don't think it would. I truly believe the rich are voting against their own interests by impoverishing the masses, stripping regulations, and weakening democracy.

[–] limelight79@lemm.ee 1 points 1 day ago

Well remember many of them got $1000 bonuses as a reward from their employers for voting Trump, or something.

[–] archomrade@midwest.social 7 points 1 day ago (1 children)

Fascism is capitalism in decay Fascism is capitalism in decay Fascism is capitalism in decay Fascism is capitalism in decay

[–] Hadriscus@lemm.ee 3 points 1 day ago

Daniel Guérin says fascism is the death throes of capitalism (or something like that)

[–] aubeynarf@lemmynsfw.com 45 points 2 days ago* (last edited 7 hours ago) (1 children)

and even to allow homeowners to take unlimited federal deductions for the property taxes they pay to state and local governments.

You could do that before Trump’s 2017 Tax Cuts And Jobs Act. They capped it to punish citydwellers, which are majority Democrat.

[–] JeeBaiChow@lemmy.world 8 points 1 day ago

Now, do the correlation between the people who wouldnt have their texes increased with the people who hold most of the national wealth. Hm.

[–] FPSkra@lemmy.world 34 points 2 days ago (2 children)

bUt TrUmP iS bEtTeR fOr ThE eCoNoMy

[–] ShaggySnacks@lemmy.myserv.one 17 points 2 days ago

Well yeah, it's called trickle down economics. The top 5% are all job creators, they invest in companies. It's not true that the 5% just let their wealth sit there and accumulate on an imaginary score board to beat the next richest person.

It's not like the richest people in the world are hurtling human civilization into a extinction level events to hoard more wealth.

It's not like the rich are looting this country to pad their bank accounts.

The rich are going to use all that money to benefit everyone./s

[–] DogPeePoo@lemm.ee 14 points 2 days ago

Better for the *Russian economy 🇷🇺

[–] finitebanjo@lemmy.world 11 points 1 day ago

And if its anything like the last it will still raise the deficit.

[–] edgemaster72@lemmy.world 19 points 2 days ago (1 children)

Only 95%? You gotta pump those numbers up to 99%, those are rookie numbers.

Peter Thiel or the Heritage Foundation, probably

[–] Fixbeat@lemmy.ml 21 points 2 days ago

We need Musk to swoop in and optimize…haha jk I wouldn’t let either of these jokers clean my golf balls and I don’t even play golf.

[–] mightyfoolish@lemmy.world 13 points 2 days ago

Would the anti-tax lobby be for such massive tax increases? Surely, the anti-tax lobby is made more than 1%ers?

I wish the common American would finally understand how all the wealth just wasting away in a few accounts is such a detriment to this country. From creating lobbying power to underfunding public works; it hurts the people and economy severely. I'm always asked, should a person be punished for making a lot of money... the answer is yes, they should find something more productive to do.

[–] WastingCommentSpace@sh.itjust.works 3 points 1 day ago

I think we need more taxes because we need to be the most on everything. We arent the best country if we arent the most taxed its just a fact.

[–] Lexam@lemmy.ca 8 points 2 days ago

But it would lower it for the most important 5%!