#Trump is plotting the biggest #tax rise in global history

source: telegraph.co.uk/us/comment/202…

#usa #politics #society #finance #problem #poverty #news

Trump’s Liberation Day tariffs will be the biggest tax rise in global history

The burden for paying the bulk of the president’s Liberation Day tariffs will fall on consumers, potentially at some $600 billion a year

^{Matthew Lynn (The Telegraph)}

Today in Labor History March 21, 1960: South African police opened fire on peaceful black protesters, killing 69 and wounding 180 in the Sharpeville massacre. Many were shot in the back as they fled. Thousands had been out protesting the hated pass laws, when they decided to march on the police station. The town of Sharpeville had high unemployment and poverty. Its residents had been forcibly moved there from the neighboring town of Topville in 1958. Passbooks were used by the Apartheid regime to control the movement of black residents and to enforce segregation.

#workingclass #LaborHistory #apartheid #racism #SouthAfrica #Sharpeville #massacre #unemployment #poverty #BlackMastadon

Children play in a slum area in Parañaque city. The latest report of the Philippine Statistics Authority found the country’s poverty rate dropped to 15.5% in 2024 from 18.1% in 2021, with 17.54 million people living below the poverty line. This is a decrease of 2.4 million from the previous survey two years earlier.

Photograph: Francis R Malasig/EPA

@photography
#Philippines
#poverty
#children