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Screenshot of the chart by the Peterson Institute, from a news TV broadcast on MSNBC.
this post was submitted on 12 Sep 2024
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It's just a back-door technique for wealth transfer. Raise tariffs on imports, under the guise of being friendly to domestic business. Then lower income taxes on those same businesses, so the state can continue to defund public services and deregulate industry. Go to war on migrants, minorities, and other disadvantaged laborers in order to guarantee a domestic stock of second-class citizens. And use all that to depress wages and consolidate capital stocks in the country.
When you run out of domestic natural resources, you send your press-ganged youth military abroad to stake claims on neighboring soil, press gang more working people into the prison industrial complex, and loot the industrial machinery to be transferred to your friends on the inside.
It's imperialism at home. Otherwise known as.... fascism.