Trump’s Puny Efforts to Address Affordability Crises

Trump’s Puny Efforts to Address Affordability Crises

President Trump’s flagship effort to address affordability by a $2000 rebate from tariffs is a band aid. Tariffs are taxes on consumption. The billionaire class spends only about 10% of its income on consumption. The Middle and Lower classes spent 90% plus of their income.on consumption. The rebate reimburses people for taxes they have already paid. The rebate reimburses people who are hurting from a tariff/tax Trump imposed.

To address the affordability crises a serious redistribution of income and wealth will have to occur. More on this later.

For background: growthemiddleclass.com