31 sats \ 2 replies \ @7e6e393a56 12h \ on: Do People Actually Believe the Election Result will Result in Positive Change based
Economic policy is no different at all. We have had Democrats and Republicans alternating in power over these years and the United States budget deficit has risen to 6.4% of GDP in 2024, and the United States public debt is currently close to US$34.62 trillion. Regarding foreign policy, as incredible as it may seem, sometimes Democrats have sharper claws than Republicans, being more aggressive and protectionist. I believe that something will be done in the economic part, better realigning its former economic allies, recruiting others and threatening some, because of the BRICS.
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41 sats \ 1 reply \ @Bell_curve 12h
Tax policies are different.
Kamala wants to raise capital gains tax and corporate tax. She wants to tax unrealized capital gains for high net worth individuals.
Trump wants to cut corporate tax and income tax. Tariffs: 10 to 20 percent on imports.
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0 sats \ 0 replies \ @Solomonsatoshi 22m
Tariffs are a tax on consumers and a subsidy for producers. They distort market signals and result inevitably in misallocation of resources. Tariffs are admission of defeat and only delay the inevitable. They are not a solution.
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