It wont last. This is just so stupid
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Jobs, Jobs, Jobs, I get it. Question: Even with full employment, when about 80% of all wealth is held by 10% of U.S. families and only 10% of wealth (mostly home equity) is held by the other 90% of families most living pay check to pay check how can economic growth be sustained?
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I think your question should be more focused on, what will decrease the gap in income inequality? The economy will continue to grow and shrink, but the income gap only seems to grow.
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I see the wealth gap at least partially due to tax cuts on the wealthy resulting in a debt to GDP ratio exceeding 100% = WWII debt levels. A reasonable wealth gap is a good and necessary thing to reward achievement but should not be subsidized by excessive national debt.
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I disagree and why I disagree: The Gov. pays it bills primarily with $$ from personal income tax. The wealthy 10% of U.S. families hold and earn about 80% of U.S. wealth. Factoring in payroll taxes the 10% with the 80% or wealth pay about 1/2 of taxes = good deal for them.
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What the gov. does not collect in income taxes they borrow (our debt now $63,000 per citizen) to pay gov. bills. Debt now comparable to WWII war debt. See link below how highest tax brackets paid by the wealthy go from 70% to 28% 1981 -1989. https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_adjusted.pdf …
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More jobs will be lost to tariffs than gained.
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Well when you have already lost them all, We have nothing else to do.
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Without a solid steel industry, we are a nation that would be reliant on outside defense materials. Why can’t these stupid Globalist get this through their thick greedy heads? They’re very smart when it involves enriching themselves.
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They are not Democrat's anymore, That party is gone.
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Our family was Democrat voters until Trump opened our eyes... now we vote for whoever he does.
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72% of the steel consumed in the united states is made in the united states. The industry is doing fine and we have plenty of raw material incase of an attack.
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Well, What I really want is to just Mirror other countries tariff's. So what they do to us, We can do excatly to them.. What was really crushed wasen't just "Steel". It was the U.S. Manufacturing base that was crushed. The U.S. is a service economy at the moment.
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