President Donald Trump - J.D. Vance Administration

A VAT is just a way to rig the tax such that some are excluded or pay a fraction of the tax. A tariff applies fairly to the first buyer (the importer) and what happens after that is up to choice at each point down the line.

A VAT is a nightmare.

The tariffs will get passed on. You are already seeing some of the best purchasers/retailers/direct importers (Wal Mart and Costco) talk about LIFO headwinds...

You wont see what you saw in 2nd half of 2021 and 2022 because Trump didnt declare a war on energy (like Biden) and Trump hasnt signed any bills that created a labor market shock like he did in 2020.

Id expect you will start seeing core CPI in the 3s as soon as next month...
 
Small government?

From the article:

The Federal Reserve is pushing ahead with an eye-watering $2.5 billion revamp of its Washington, DC HQ despite mounting losses — as one ex-official accused central bankers of behaving like French royalty.

The lavish project, first rubber-stamped by government pen-pushers in 2021, is now effectively being subsidized by American taxpayers because the Fed has not made a profit since 2022.

The plans include rooftop garden terraces, skylights, ornate water features, and a new elevator system that allows board members to be dropped off directly in their VIP dining suite.


And it has none of those things

“There’s no VIP dining room,” Powell said last month during a Senate Banking Committee hearing. “There’s no new marble. ... There are no special elevators. There are no new water features. ... And there’s no roof terrace gardens.”

Some of those elements were removed from initial building plans submitted in 2021, the Fed says.

Some of yall need to understand Trump is no different then any other politician. He's selling you a bullshat popsicle too

 
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And it has none of those things

“There’s no VIP dining room,” Powell said last month during a Senate Banking Committee hearing. “There’s no new marble. ... There are no special elevators. There are no new water features. ... And there’s no roof terrace gardens.”

Some of those elements were removed from initial building plans submitted in 2021, the Fed says.



The issue is a 2.0B renovation got approved in the first place....
 
And it has none of those things

“There’s no VIP dining room,” Powell said last month during a Senate Banking Committee hearing. “There’s no new marble. ... There are no special elevators. There are no new water features. ... And there’s no roof terrace gardens.”

Some of those elements were removed from initial building plans submitted in 2021, the Fed says.

Some of yall need to understand Trump is no different then any other politician. He's selling you a bullshat popsicle too

Small government vs. Bash Trump
Choices, choices, choices.
 

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