- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Americans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll.
Six out of 10 Americans place blame on the Trump administration for driving up their cost of living, according to a poll conducted by Morning Consult for the Century Foundation, which asked 2,007 Americans how they are managing the high cost of living in the US economy, who they think is to blame and what are the solutions.
Sixty three per cent said Trump had had a negative impact on grocery prices, and 61% said he had had a negative impact on the cost of living. Nearly half, 49%, said the Trump administration had had a negative impact on their finances. Nearly eight out of 10 Americans, including 70% of Republicans, fear that Trump’s tariffs will increase the price of everyday goods.
The most incredible is that there is still american people who, when they see the cost increase of something because of tariff, ask why the originated country like Canada/China/name it didn’t pay the tariff? And someone explain to them that tariff are paid by the final customer, not the manufacturer in the country of origin, and they answer something like “isn’t this illegal?”
I just wonder what the tariff money will be used for. I’d expect it to the tax cuts for the ultra rich
The recent budget bill massively increased the deficit.
But I thought the rest of the world would pay it? Because, of course, we’ve been treating USA unfairly for so many decades now so it’s only fair we’d give more money to the biggest economy on the planet :(
Good thing there’s literally a Venmo account to help pay it off…
When I read that news I literally laughed.
It makes an average of $5000/day while the deficit increases by $55000/second
Yes I think this is the plan, didn’t trump gov said it already, that tariff are to finance tax cut? Tariffs basically collect billions of $ from millions of people to finance gov programs, this is a tax, and the 0.01% keep their billions $ for themselves.
And it is a tax eventually on purchases. People need purchases, but the tariffs don’t bother those whose purchases cost a miniscule part of their income. It greatly bothers those for whom purchases cost a huge part of their income.