Donald Trump: Often, companies making profits in the stock market declare dividends for their investors so that they can also get some part of the profit amount. In this sequence, US President Donald Trump has also announced a payment of $2,000 for most Americans.
He has called it a dividend related to his tariff policy. Trump wrote in a post on Truth Social on Sunday that everyone (except high income earners) will be given a dividend of at least $2,000 per person. However, Trump also told when the dividend is to be paid and who will be considered in the high income category.
Outcry due to shutdown in America
Trump has talked about giving dividend at a time when there is a shutdown going on in America, which is the longest shutdown in history till date. Due to this, many Americans are having to rely on food banks. Food banks are collecting food through donations and distributing it among the destitute people. Due to the shutdown in America, salaries of government employees have stopped and it has become difficult for them to spend their days. In many big cities like California, Texas, Arizona, long queues of people are being seen in front of food banks.
Why does shutdown happen?
A shutdown occurs when Parliament or the US Congress fails to pass a funding bill. Due to this the government has no funds left to spend. In such a situation, many non-essential employees are sent on leave without salary. Even small businessmen suffer losses. Due to work stoppage, it also has a negative impact on the economy.
Trump defends tariffs
Meanwhile, defending his tariff policy, Trump said, “Those who are against tariffs are fools! Now we are the richest and most respected country in the world, where inflation is negligible and the stock market is at record levels. 401k is at an all-time high.”
Citing record investment and factory growth, he said America is earning trillions of dollars and will soon start paying off its huge debt of $37 trillion.
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