Trump Promises $5,000 TO EVERY AMERICAN If GOP Wins Midterm

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Timcast News 56 min 2 speakers 8 chapters transcribed 8 days ago
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What is Trump’s $5,000 “Trump dividend” and why is it causing bipartisan outrage?

Tim Pool 0:00
Speaking at the Republican Midterm Convention, the first time there's ever been a convention in a midterm, President Donald Trump said the economy was so great that if the Republicans win the House and the Senate, he would give every adult American citizen $5,000, a Trump dividend, he calls it. Now many people immediately responded saying this would be massive, a massive overspend. One trillion dollar plus, they call it. Bipartisan outrage. Republicans, not as many, but basically every Democrat, they're saying, you can't do this. With even many conservatives saying this is outright buying the vote. Well, I do want to show you the response from JD Vance when questioned about this, the statement from Trump himself.
Tim Pool 0:49
But let's just get right to the to to the to the forefront of the political debate. This is in no way different from a Democrat or Democratic Socialist offering free health care. If the argument is that we can pay, on average, about five to ten thousand dollars in labor required for medical costs, Trump could write a check. Now it's a question of which you'd prefer, to be honest. Would you prefer a guaranteed healthcare system, which would cost? Trillions of dollars? Or would you rather just put the five grand in your pocket so that you can spend it as you see fit? Now, immediately you've got many moderates, libertarians, people on the left, people on the right saying, not only the Democrats are they never gonna pull off these pipe dream socialist policies, but there's no way Trump is gonna be able to give everyone five thousand dollars either.
Tim Pool 1:40
But we called this out specifically on Timcast IRL, highlighting this is Trump's path to victory. Now we've been we've been talking quite a bit here on the show, and I'm sure many of you have. The Republicans have not been offering anything to the American people. They're not explaining how they're how they're going to get costs down. They're not explaining how they're gonna end this quagmire. I love that word when they talk about the wars of the Middle East. Quagmire. They're not talking about how we're gonna end this war with Iran. Negotiations back and forth. Now, I I've argued there's certainly we don't know the true intentions uh in this conflict, but the American people are not happy with it. So it doesn't matter what you think about why it started or what should happen.
Tim Pool 2:16
The American people are not happy. Diesel prices are sitting around six bucks. Gas is around four dollars by us, and uh this is driving up prices across the board. The Republicans need a play to tell the American voters this is what Yeah. And as the uh the old quote goes, I forgot who who the quote is by, but uh democ constitutional democracy will exist up until the politicians realize they can bribe the voter with public funds. And this is where we are at. Now I gotta be honest, there is still a I don't know, I don't know, what's um uh a a Keynesian Keynesian argument toward the what toward the one trillion dollar dividend. That's this is surprisingly, it's surprising that Democrats are opposed to this because this actually aligns with the socialist view that even if you're overspending and you eject the money into the economy.
Tim Pool 3:11
This will create inflation, but it will create short-term economic lubrication, as it were, generating a ton of economic activity, which actually the tax uh taxes on could surpass the actual money given out. That is, every time a dollar from this trillion dollar plus dividend is exchanged, the government gets a percentage back, and they can use that. So economic activity in a tax system, we'll put it like this. Let's say it's a 10% tax, just hypothetical. I spend a dollar, you get the dollar, you give 10 cents to the government. You then spend the 90 cents, I get 80 cents, I give 9 cents to the government. You do that at infinitum, the money eventually runs out, and all of it. ends up in the hands of the government.
Tim Pool 3:51
Well, my friends, let's jump into the story. Let me show you exactly what Trump said, and we'll talk all about what is currently going on.

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