Trump Declares War on the American people
Prices and Profits are going up!
Update: March 18th – What’s Next ? War with Iran?
Martial Law used to solve Trumps problems with the Courts and Congress ?
This is class war! Trump is the front man for the fascist coup that we are seeing. His seizure of the government is supported by the entire ruling class. It is open fascist class warfare by the capitalist class on the 99% of this country that does not live on investments and financial assets.
Federal workers are the first target. In his talk, Trump bragged about his “unprecedented achievements” in his first 43 days. He was proud of Musk’s firing of 170,000 federal workers as part of his “cutting government waste.” This number is growing every day.
Trump’s “cutting government waste” is an exercise in cruelty. These workers and their families immediately lost their salaries and health care. Like many of the discarded workers in the US, they face homelessness and hunger.
Your pocketbook is the second target – tariffs, tax cuts and inflation
A tariff is a tax on working people. Make no mistake, a tariff is money that comes out of your pocket, goes to the government and then into the pockets of the ruling class. The initial tariffs will cost working families about $3000 a year for basic needs, which is nothing to a billionaire. This is the largest tax increase in US history and will dramatically increase inflation.1
Trump tax cuts – a “Reverse Robinhood” scam, taking from the poor and giving to the rich.2 The proposed tax cuts will give about $70,000 to people earning over $1 million a year (top 1%) and about $1,000 for the rest of us. For working people, the “Trump tax cut” will not ease the pain caused by the $3,000 increase in food, housing and gas prices from the “tariff” tax. For billionaires, it will mean more money to spend buying more securities, more financial assets, more crypto Ponzi schemes and more financial speculation. This flood of money will increase inflation. This is extractive and predatory capitalism in action.
Inflation – Capitalism likes to pretend that inflation is “an act of God” like an earthquake or a tornado. In reality, inflation is principally the result of government policy. It results from social choices made by governments. The inflation we experience today is a result of consistent government policy since the 2008 financial meltdown.
Since 2008, the US has spent $20–35 trillion on corporate bailouts!!!3 This money went directly into the hands of the class that rules this country and kept the financial sector and real estate from collapsing. Only a tiny sliver of this mind-boggling sum actually went to bail-out the working class.
Inflation is good for billionaires and capitalists. Most of their property is in the form of financial securities or financial assets. Inflation raises the selling price for these private riches. Inflation also raises the prices of the necessities we all need to survive, from food to medical care. Oh well, billionaires do not have to pinch pennies to survive.
“Here we are again. First the IMF, then the Fed belatedly tiptoed to the conclusion that we reached almost two years ago: that the bubbling consumer demand that has sustained US inflation in the face of Fed interest rate hikes is driven principally by the spending of affluent Americans whose wealth has soared thanks to the Fed’s doubling down on quantitative easing during the pandemic.4
“Our country and the world stand at a crossroads. Humanity has the potential for economic security and abundance. A community of the people, by the people, and for the people, where children can grow in peace, is possible as never before. Or–if we do nothing—we face increasingly unlivable conditions caused by private ownership of the wealth that human labor has created.”5
This is the challenge we face today. We will never be able to go back to the old government. Trump is destroying it day by day. We The People can determine that the government should put people before profits!
Let’s expand the discussion!!
- https://cepr.net/publications/donald-the-taxman/
- https://www.cnbc.com/2025/03/03/who-benefits-from-trump-tax-cuts-and-jobs-act-extension.html
- David Sirota. We’ve Always Had the Money for Medicare for All — We’ve Just Given It to Corporations Instead. https://jacobin.com/2020/06/medicare-for-all-coronavirus-health-care-taxes-government-spending
- https://www.ineteconomics.org/perspectives/blog/trump-and-wealth-price-inflation-still-running-in-the-background-all-the-time – :~:text=First the IMF, then the,thanks to the Fed’s doubling
- Program – The League https://lrna.org/program-m/
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