this post was submitted on 12 Oct 2024
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This is what I really don't get.
Like, sure, Trump's tax plan looks better for the middle class at the surface level....but that's just talking about income tax. Tariffs are taxes, too, and his tariff plan will mean significantly more dollars spent on taxes for the middle class. The net paycheck will be a little higher, but the cost increases will eat that up and much, much more.
And that's just one avenue. I'd shutter to think what will happen to the overall value of the dollar, the growing wealth disparity, the real estate market (it's nearly impossible for first time buyers as it is, but rent is exorbitant too, and a lot of it is because of sweet deals for mega landlords like Trump himself) and the costs of healthcare under Trump's "plans"
Fuck dude....my family makes 3x the local household median and we still can't save money for shit. It goes nearly as fast as it comes. We live in a modest house, we've got one (used) car payment, and fortunately no credit card debt. We buy used clothes and store-brand food. Don't go out to eat or takeout. But its still tough as hell.