President Donald Trump on Sunday claimed that a “dividend of at least $2000 a person” will be paid to all Americans except for “high-income people,” saying the country is now wealthy as a result of his tariff policies.

“People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER,” the president wrote.

top 86 comments

sorted by: hot top controversial new old
[+] 87 points 1 year ago (2 children)
  • [–] 69 points 1 year ago (1 child)

    Interesting: I guess we're about to officially find out just who he considers "a person".

  • source
  • hideshow 1 child comment
  • load more comments (1 reply)
    [–] 60 points 1 year ago (2 children)

    Making people pay tariffs and then giving back some of the money. Brilliant

  • source
  • hideshow 2 child comments
  • [–] 115 points 1 year ago (9 children)

    Sounds like adding more to the national debt to me.

  • source
  • hideshow 9 child comments
  • [–] 52 points 1 year ago (6 children)

    What do I care? It's all funny money anyway.

    Not that Donnie Dipshit is actually going to deliver. But I'm tried of hearing about the deficit whenever "money for plebs" is on the table. Then Israel or Argentina gets $40B no questions asked. Nobody seems to bat an eye.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 20 points 1 year ago* (3 children)

    You paid him more than his bullshit 2k anyway. Weren’t the earliest estimates like 3.5k annual per household? Not to mention, you can’t buy my complacency on dismantling of the economy. Fuck Trump. I’d rather eat roaches than take his stimulus.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 1 year ago* (1 child)

    You paid him more than his bullshit 2k anyway.

    I didn't pay him shit. I paid the retailer. And the retailer sets prices as the optimal clearing rate - the point at which (units sold * price) = max(profit). If the retailer can charge me $120 instead of $100 and still maximize profits, they'll do that whether a tariff exists or not.

    Not to mention, you can’t buy my complacency on dismantling of the economy.

    We can. Purchased complacency has been the bedrock of modern economic theories since at least Roosevelt. The state spends money to appease the masses while the private sector extracts their labor at a profit.

    Trump's engaging in this arbitrage with the subtlety of a heart attack. But his policies aren't novel. Cutting people checks and telling them "Now Support Me!" is a time tested strategy for whipping votes and quelling opposition.

    I’d rather eat roaches than take his stimulus.

    Enjoy your roaches. I'll be cashing any checks sent my way.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 1 year ago (1 child)

    The National debt bill will come due one way or another. Either through “austerity” clawbacks or devaluing your wages by printing money. It’s not like they’re going to tax the rich.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 1 point 1 year ago

    The National debt bill will come due one way or another.

    Who owns the debt and what does "coming due" look like? Treasury bonds have been recycled for over a century. We haven't had a "zero" national debt since... what? The Andrew Jackson Administration? And that royally fucked the economy by depriving it of a secure repository for long term savings.

    Either through “austerity” clawbacks or devaluing your wages by printing money.

    At some point, everything we do in the economy is a choice. The idea that we all need to suffer because a number on a ledger goes up or down entirely decouples the idea of money from the consequences of public policy and private administrative decisions.

    There's no material reason for clawbacks or devaluation, outside the fact that its an outcome certain powerful people are seeking. It isn't a consequence of the national debt any more than the New Deal / Great Society or the Petrodollar were a result fiscal prudence.

  • source
  • parent
  • [–] 39 points 1 year ago (2 children)

    Paying us with our own money

  • source
  • hideshow 2 child comments
  • [–] 11 points 1 year ago

    Somebody said something about that, didn't they? 🤔

    Scratches brain...

    “The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money”

    -Alexis De Tocqueville

  • source
  • parent
  • [–] 36 points 1 year ago (1 child)

    So far, there has been $200B collected in tariffs as of September. Some estimates are saying $300B by end of year.

    https://www.crfb.org/blogs/tariff-revenue-soars-fy-2025-amid-legal-uncertainty

    The current estimated US population is 340 million.

    https://www.census.gov/popclock/

    Take off 10% for "the wealthy", that leaves 306,000,000.

    I can't imagine Trump giving $2,000 to kids, so knock off anyone under 18, that's another 73 million off the list.

    https://datacenter.aecf.org/data/tables/101-child-population-by-age-group#detailed/1/any/false/1096,2545,1095,2048,574,1729,37,871,870,573/62,63,64,6,4693/419,420

    So round about 233,000,000 people getting $2,000 checks?

    $466 billion. Oops. Hey Donnie, you're short somewhere between $166 and $266 billion.

    So how much COULD people get?

    $200B / 233M = $858.37
    $300B / 233M = $1,287.55

    Not awful, until you realize that's how much these taxes soaked you for in the first place. 😉

  • source
  • hideshow 1 child comment
  • [–] 27 points 1 year ago (4 children)

    1- no he won't.

    2- even if he does it's going to be a disastrous shit show.

  • source
  • hideshow 4 child comments
  • [–] 4 points 1 year ago (3 children)

    It would be hilariously inflationary. It would give the final nudge for all the companies to drop the full tariff burden on their customers. Spending spree, everything goes up by 10% over a few months, 3 months later everyone is poorer than they were before.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 1 year ago (2 children)

    Why weren't the tariffs to raise this money deflationary?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 3 points 1 year ago

    Because the tarrifs end up is the cost of goods, which is counted as part of their price when calculating inflation.

    If you subtract the direct effect of tarrifs on price, you'll find that they were deflationary.

  • source
  • parent
  • [–] 2 points 1 year ago

    Theoretically, the money should be staying in the economy so the supply of USD in circulation wouldn't change. But since nobody really knows where that money is going, it's hard to know. I'm not an expert though so I could be wrong.

  • source
  • parent
  • [+] 44 points 1 year ago (8 children)
  • [–] 16 points 1 year ago* (5 children)

    Doesn't matter. Anyone who understands what tarrifs are isn't his target audience, the dullards who voted for him will just see a $2000 cheque with 'DONALD J. TRUMP' on the bottom and think that they got free money for nothing from king kiddyfucker.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 4 points 1 year ago (3 children)

    They will never ever see that check lol

  • source
  • parent
  • hideshow 3 child comments
  • [–] 5 points 1 year ago

    Remember how tariffs actually work: they are a tax on imports that businesses usually pass on to consumers

    The argument for tariffs basically boils down to profit margin. If you're selling a $100 good into the US that cost you $15 to produce and another $5 to ship, there's a reason to believe you're willing to eat another $15 in import taxes to collect that $80 in profit.

    If a business can pass the cost on to the consumer, the issue isn't strictly with the tariffs. It's the absence of alternatives at home that can retail for under $100.

    But that's just "business math for dummies". Manufactured goods can cross borders multiple times in the assembling process. And with the sloppy execution of the tarrif, it seems like a single product can be taxed with each crossing. That's a bureaucratic trainwreck for a multitude of reasons. Businesses can't absorb these costs even with enormous margins.

    Where is the money really coming from, who defines “high income,” and how do you square higher consumer prices with a big cash payout?

    Money comes from the Treasury. High income is a statutory definition. And you don't need to square it, because people aren't tracking the balance.

    If he actually wants to give people $2000, put a clear, audited plan on the table.

    He's never done that before. Why start now?

  • source
  • parent
  • [–] 20 points 1 year ago

    That doesn't even offset the higher cost of living caused by the tariffs in the first place. As usual, GOP writing "stimulus" checks to distract from the grift.

  • source
  • [+] 17 points 1 year ago (2 children)
  • [–] 16 points 1 year ago

    Lie #1,572,688

  • source
  • [–] 15 points 1 year ago (1 child)
  • [–] 15 points 1 year ago

    "Mission accomplished"

  • source
  • [+] 14 points 1 year ago (2 children)
  • load more comments (1 reply)
    [–] 13 points 1 year ago (3 children)

    Oh boy, that'll cover a few months of increased expenses...

  • source
  • hideshow 3 child comments
  • [–] 12 points 1 year ago

    $2000 would do almost nothing to improve my life. It's a rent payment. Just die already trump.

  • source
  • [–] 25 points 1 year ago

    And then they force you to pay it back in your taxes like they did with the covid stimulus.

  • source
  • [–] 12 points 1 year ago

    will be paid to all Americans except for “high-income people,”

    The only reason anyone ever does means testing...

    Is to make people who dont get something, pissed off at the rest. Too many people are uniting against the wealthy, they need to get the bottom 99% fighting again.

  • source
  • [–] 22 points 1 year ago

    This still doesn't erase the fact that Donald J. Trump is a pedophile, protects pedophiles, and lied about the Epstein files.

  • source
  • [–] 11 points 1 year ago* (4 children)

    I'm sure it will be on the same day the doge checks hit.

  • source
  • hideshow 4 child comments
  • [–] 11 points 1 year ago

    so the new magat plan is to try to buy the midterms using cash borrowed from our great-grandkids after they 'save' the country from the 'democrat shutdown'?

  • source
  • [–] 10 points 1 year ago
    [–] 10 points 1 year ago

    Most Respected Country In the World

    [X] doubt

  • source
  • [–] 9 points 1 year ago* (last edited 1 year ago) (1 child)

    In other words we will partially give back what you lost through tariffs and pretend like that was a net benefit for y'all.

  • source
  • hideshow 1 child comment
  • [–] 9 points 1 year ago

    Where's the doge checks ? From like February. ?

  • source
  • [–] 9 points 1 year ago

    That's some desperate shit there....

  • source
  • [–] 16 points 1 year ago*

    Meanwhile he's preventing SNAP benefits that average less than $200 per household (not even per person). And that have already been approved and allocated by Congress, he's just preventing it from being distributed.

  • source
  • [–] 8 points 1 year ago

    Biden giving people 1400 cheques to offset a huge natural global disaster

    republicans: 🫷🤬

    Trump giving people 2000 dollar cheques to make up for an emergency of his own creation

    republicans:: 🥵

  • source
  • [–] 8 points 1 year ago

    This is meant to pressure SCOTUS, who are leaning towards shutting down his tariffs-because-whatever administration method.

  • source
  • [–] 6 points 1 year ago

    Here comes another trillion in debt in one month instead of three.

  • source
  • [–] 5 points 1 year ago

    That'll solve all the fucking problems right there! Ooo a measly one time 2k! Fuck we're saved! All praise the rapist-in-chief!

  • source
  • "We have the concept of doing a rebate"

  • source
  • [–] 5 points 1 year ago

    Great, jobs are being lost at record rates, but here's two grand. Cool. Part of my rent can be paid now for one month.

  • source
  • [–] 5 points 1 year ago

    Would be great if true. Hard doubt though.

  • source
  • [–] 4 points 1 year ago

    ... and liars lie.

  • source
  • [–] 13 points 1 year ago (4 children)

    Trump suggesting any sort of UBI was not on my bingo card for this year. You just know there's going to be some sort of catch.

  • source
  • hideshow 4 child comments
  • [–] 6 points 1 year ago

    He's starting to crack. He did this during the first presidency with the stimulus checks, and insisted on having it signed by him and not appearing as if it was from the government to boost his (and Republican) popularity. With the midterms approaching and this past week's big wins for Democrats, he's trying to buy votes.

  • source
  • parent
  • [–] 6 points 1 year ago

    Dollar devaluation in 3, 2, 1...

  • source
  • [–] 3 points 1 year ago

    All I see anymore is, "Trump said stuff". When are those grocery prices coming down?

  • source
  • [–] 3 points 1 year ago (1 child)

    We're gonna charge you $5000 in tariffs and then give you back $2000! This is clearly great for you and great for America.

  • source
  • hideshow 1 child comment
  • [–] 3 points 1 year ago

    Corrupting voters so they don't kill him once he takes absolute power

  • source
  • [–] 2 points 1 year ago

    Maybe he meant the opposite, to be paid exclusively to millionaires

  • source
  • [–] 2 points 1 year ago

    Is that so we all have to give it back if the scotus declares the tariffs illegal?

  • source
  • 71 comments in c/news@lemmy.world view that post