Trump Announced That He Is Putting A Tax On Prescription Drugs
Trump announced that his new tax on the American people is going to include prescription drugs.
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Listening to Trump speak at the White House, it quickly becomes very clear that his mental decline is growing steeper by the day, and this president still doesn’t know what a tariff is and who pays for it.
Trump said at the White House:
You see the power of the tariff. I mean, the tariff is good, and nobody can compete with us because we have by far the biggest piggy bank. And so that will take place very quickly. But also we'll be doing pharmaceuticals to bring our industry back. We want to bring pharmaceuticals back to the country.
And the way you bring it back to the country is by Putting up a wall, and the wall was a tariff wall. We were the richest country in the world. We were at our richest from 1870 to 1913. That's when we had, we were a tariff country.
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The United States had 2 Depressions and Several Recessions Between 1870 and 1913
The period that Trump claimed was the richest in the nation’s history was an inaccurate statement. The United States was at the height of its economic power during the post-World War II boom. The period that Trump admires was actually a period of economic instability and the longest depression in US history.
The Great Depression of the 1930s lasted for four years. The Longest Depression lasted five years from 1873 through 1878. Another depression lasted from 1882 through 1885, a recession from March of 1887 until April of 1888 and eight banking panics.
This is the golden era that Trump wants to take America back to.
A Tariff On Prescription Drugs Would Be A Disaster
A tariff is a tax on imported goods that the consumer pays through higher prices. Donald Trump doesn’t understand this, but most Americans do. A tax on prescription drugs won’t result in the world’s drug companies relocating to the United States.
The tax will result in people having to pay higher prices for lifesaving medicines.
Joe Biden spent four years lowering the price of prescription drugs. Trump is going to raise those prices in less than two weeks.
Many people voted for Trump expecting him to lower prices. Instead, the President is going to raise them, and his mechanism will be the tariff.
Trump is out to turn the United States into a 19th Century economy.
What do you think about Trump’s tax on prescription drugs? Share your thoughts in the comments below.
Unfortunately unsurprising. We spent months before the election warning people what would happen if they voted for him and now we have to suffer because they refused to see him for what he is and because they were paying too much for eggs. The first MAGA I come across that whines about this is getting it back with both barrels.
Is he out of his fucking mind? Don’t bother answering that we all know he is. But this is just beyond the pale. Insulting to those that need pharmaceuticals, which is practically everyone, and economically heinous for everyone in that category. He is demented, diabolical, and totally devoid of integrity and humanity. People will die and sure their deaths will be his fault.