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Tuesday, October 1, 2024

I Am Not a Billionaire

Not in the 1%. I work for a living.

I am not a billionaire but a member of a group called “the working elderly.” I have run my own business for 31 years to make a living. It is not a hobby.

 

If I were a billionaire -- and cared for nothing but my investment portfolio -- the big tax cuts I would get under another Trump presidency would probably offset the inflationary increase in the cost of living brought about by his plan for across-the-board tariffs, mass deportations, and curbs on the Federal Reserve. Even conservative economists predict that American households can expect their living expenses to increase by $2,000 to $3,000 a year if Trump is elected again and puts his ill-conceived policies in place. 

 

Can you afford a $3,000 increase in your living expenses? Yes, of course, if you are a billionaire.