That’s it. It’s time to vote and make your voice count. This is the most important election of my life and I have already voted. In Oregon, we’ve been using mail-in ballots since 1998. They’re very convenient and there haven’t been many problems. Losers who refuse to accept defeat make a lot of noise about voter fraud without any evidence. They are called bullies who get their way by threatening and lying. Voting for these people will undermine the democratic process. Don’t fall for their lies!
It’s the economy
The RB40 family has done very well financially over the past four years. Coronavirus has been a tough time for everyone, but we’ve moved on. Sure, our monthly expenses went up, but our net worth increased quite a bit, too. I feel like we’re doing a very good job. the The American economy is the envy of the world; Life is harder almost anywhere else. I am grateful that we live in the United States.
What about you? Are you better off than you were 4 years ago?
download …Trump’s economic plan
I realize that everyone is no better off than they were 4 years ago. Young people are having a tough time with rising housing prices and inflation. Many small businesses were devastated by the pandemic and never recovered. Many people were laid off and could not find a similar job. The past four years have been difficult for many of us. You might hope that Trump will improve the economy because he is a billionaire businessman. However, I have bad news for you. Trump will bankrupt the US economy as he did his casinos.
20% tariff
Trump wants to impose 20% tariffs on all imports. Unfortunately, American consumers will bear the brunt of this tariff. Margins are slim on imported consumer goods, so the 20% tax will be passed on to consumers. It will also start a new trade war with the rest of the world and reduce our export market. Inflation has just fallen to an acceptable level, so do you really want high inflation again?
Eliminate the federal income tax
We will get through this. Trump has said he’s open to eliminating the income tax, but it’s just an appeasement of votes. A 20% tariff would not be enough to replace the federal income tax. The deficit will explode if the federal income tax is eliminated.
Eliminate the tax on Social Security benefits
Eliminating the tax on Social Security benefits sounds attractive, but it would hasten the bankruptcy of Social Security trust funds by a few years. You may see lower benefits as early as 2031. Are you ready for that?
Deportation of illegal immigrants
There is no doubt that Democrats have mishandled immigration. We need to strengthen borders and reduce illegal immigration. However, bringing back the concentration camps is the wrong answer. Trump wants to use the Alien Enemies Act of 1798 to arrest and deport illegal immigrants. During World War II, more than 100,000 Japanese Americans were forced into internment camps across the United States. Many homes and businesses were lost due to “non-payment of taxes.” This was a shameful chapter in the book of history. Do we want to do it again? They will start with illegal immigrants, but who knows where it will end. Putting people in concentration camps is a slippery slope. As an immigrant, I am completely against this.
From an economic perspective, mass deportation would eliminate a significant portion of our workforce. Companies will have a smaller workforce and will not produce as much. Economists estimate that mass deportation could reduce GDP by 8% and lead to a recession.
Trump’s plan will lead to the collapse of the American economy
Inflation will rise. The deficit will explode. GDP will decline. The US economy will fall into ruin if Trump succeeds in implementing his economic policies. Inequality will widen. If you’re healthy now, you’ll probably be fine. If you’re struggling, life will be even more difficult under Trump.
Harris economic plan
Harris’ economic plan is more of the same, but that’s not bad. The last four years have been very good. Inflation has been crazy for a few years, but it’s under control now. Most of us have come through the pandemic unscathed. Unemployment is low and most people are earning more today than ever before. People do not like to pay higher prices than before.
Raising taxes on the wealthy
Harris plans to increase taxes on the wealthy and large corporations. She also wants to cut taxes on low- and middle-income families by expanding the child tax credit and the earned income tax credit. Harris’ plan is progressive and will provide more benefits to low- and moderate-income families.
Raising the minimum wage
Harris has called for raising the minimum wage and eliminating the minimum wage. I think this is a good idea. Workers need a livable wage.
Prevent price manipulation
Details are scant on this one. How will they prevent price gouging? I don’t think this will work. The overhead will likely be expensive.
Harris’ plan is better
Harris’s economic plan is fairly moderate, but the US economy is performing very well. We don’t need to mess with it too much. Her plan will benefit lower and middle class families the most. Trump is full of Dunning Kruger and thinks he can do better than economists. The history book is full of dictators who ruined their countries’ economies with ill-advised economic plans. I don’t want to see the United States there.
Go vote!
The important thing is to vote. Voting is a basic right of every adult American citizen. You have to take responsibility and exercise your right to vote. Who knows? This may be the last time your vote counts. If you support a fascist, you may not be able to vote again in 4 years. Trump has already tried to overturn the 2000 election. If he becomes the next president, he will have more time to consolidate his power.
Have you voted yet? What are you waiting for? Vote early if you can, because Election Day is going to be crazy.
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