There is the economic obvious then there is evil.

ShadowTeller

1010

Hey American's remember when we had a whole thing about taxes by a foreign governing body? Like it was a among major historical events that were pretty bad for that other country, not great for us but we created a new nation in the wake? and now the plan is for us to do a version of it? But it gets worse, because the stupid or apathetic don't understand this won't just cause a price increase directly related, but that "inflation" thing that was voted about? bet your butt corporations will be all to happy to sneak in few cents or dollars more like they did already to inflate the inflation already happening.

also this very tactic was tried before https://www.youtube.com/shorts/MckCZ9iLAyI?feature=share

"Bidenomics" " the price of eggs" get ready, for the second great depression with incoming administration. It's already bad out there but we are talking dust bowl, bread lines, and worse than housing bubble pop, if his social media heralding is fully implemented.

To spell it out the correct use of tariffs is to fund transportation infrastructure and safety and to keep balance in the markets in international trade. Like domestic taxes they are suppose to fund things that help make society and people be able to live. He is trying to use it like a fine or sanction, or the "revenue" like the "great businessman" he is. Profit.

so I say again, with how the other candidate promised to get a bill about price gouging groceries? This narcissist is going to help corporations do it again. So get ready for prices to go up. To all the non-Americans? I can only sympathize I did my part and lost friends and family trying so hard for so long. It's going to affect you in ways you don't deserve either.

politics

cgt9803

He's going to jack up tariffs (which hurt everyone) then cut income taxes on the rich by the same amount or more. Mark my words.

1 year ago |

SomeDetroitGuy

MAGAts genuinely believe that Trump is going to create economic conditions that will increase job opportunities, lower prices, and increase their incomes. They have no idea how he'd do that but they believe wholeheartedly that he will do it.

HeHeHebieJeebies

Had a conversation against my will this morning where it was explained to me that the extra money from the tariffs will pay for medicare now - just gotta have faith.

what.. the actual.. when they want to cut 2 trillion from the budget... ESPECIALLY "welfare" like medicare?

though I do apologize for the "against your will" part. I've hurt some people being loud and pushy on that side of it. so don't think that has to be answered. that was just my reaction and I might have gotten the " just gotta have faith" intention misunderstood

elusiveenchilada

I had a MAGAt tell me that the anti-price-gouging-in-emergencies idea was "a level of socialism that he'd die to prevent."

the dark humor of that is preventing it has the real potential to kill him and his loved ones. v

videopro10

Tariffs are a tool that can be used for better or worse, depends on the implementation. Price controls by law is just a complete non-strategy that changes none of the underlying issues.

This is only true if you understand that pure systems like capitalism only work on paper. The "underlying" are corruption and manipulation. it's not "non-stagey" it's VERY strategic by the founding fathers in their intent to combat that in the general belief of (well educated elite at the time) majority rule. Even then they put system in place for even our "absolute" founding document to evolve with us.

ShoopDeDoop

Yes, but the event you're talking about was a tariff against us, not a tariff for us. There's a big difference that is being ignored.

Yes if you pick apart the example that is accurate. It misses the point and the comparison I'm using it for, though.The point is how tariffs are used, and a point in time before with a full R control HURT us with the too. TRUMP even fucked us before https://www.cbc.ca/news/business/peter-armstrong-ferris-bueller-1.4645197

to use that event is the one people know and can understand the context of tax/tariff that hurt us that is the usage. and to pick it apart makes you not helpful, respectfully

drbwaa

The only people his tariffs are "for" is the billionaires who will get taxes cut or projects funded by them. EVERYONE else suffers - that's where the money comes from.

It will create a lot of jobs for Americans, and hopefully increase the quality of the majority of products we use.

please explain. But yes a proper use of tariffs fund docks, airports and staff to goods and such internationally. That's not how he's using them. He's using them more like sanctions.

exlurker42

Only if no one retaliates, which has been true roughly zero times in the history of tariffs. The same targets he picked out are our biggest export markets as well. So, fewer foreign customers and as the price squeeze hits that's less domestic demand as well because people can't buy as much. Last time we did this the follow up was the great depression.

The effect on the consumer is the same no matter which side levies it. Daily goods will cost more. We get huge amounts of food from Mexico, much of the lumber we use to make toilet paper comes from Canada, we get consumer items from China.

It will hurt us in the same way raising taxes to pay for universal healthcare and cancelling student loan debt would. It's 6 one way, half dozen another.

"cancelling debt" thing is good, because most of the debt is interest, not principle. let alone the rabbit hole education spending and for profit college BS is. The same almost with healthcare. The two dark secrets are that insurance companies and private wallstreet set health prices, not cost, and overall of both is that if people pay cost spending in the economy is great. Billionairs are a sign it's broken. like.. . I invite you to DMs to have the polite conversation.

You know loans were only forgiven from the fed and only on people who had been paying for 10+ years? Not trying to pay, 120 good payments. It's not like everyone got free shit. And our Healthcare issues are cost-side. We pay more public dollars per capita than most countries with UHC schemes already. We need price controls and a flattened bureaucracy, not more taxes.

You have great points, but the last one is a pipedream. Taxes would go through the roof because it would be handled with government efficiency, which is an oxymoron.

Operating costs for private insurance tend to run around 20%. For Medicare it's about 3%. Tell me again how private is more efficient at this.

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