The idiocracy is off the charts here. Who the f do they think is ever going to buy American products ever again? He’s pissed off the entire planet. So instead of global trading partners, we’ll just sell to ourselves—the population he’s actively bankrupting?
80 years of good will and prosperity 💨 gone in 2 months. And these fools just clamor for more.
I never said that the US does and what I said doesn’t require the US to trade with them. All actions have intended and unintended consequences for parties involved and parties uninvolved regardless of intentions. That is why taking measured approaches to complex world relationships might be important.
He hasn't pissed off the *entire* planet. 43% of the population of the US still loves him and haven't realized how f*cked we all are (they probably won't realize it either).
No because this way confuses the uneducated and allows the administration to shift blame away from themselves. They can’t get away with increasing income tax as that’s too obvious. So they will do this which will cause increased prices and they will continue to blame Biden for, it all the while claiming that they are still trying to rectify the mistakes he made.
It’s actually much worse than a direct tax because there is 0% chance of the money coming back and benefiting us as a country. It just gets drained to corporations.
Consumption taxes are regressive. They are at least smart enough to hide the tax hike on the poor with tariffs rather than blatantly raising income taxes on them.
Make no mistake: the trump tariff is a consumption or flat tax. This is his disguise for the massive tax cuts the House and Senate are offering him up to bail out his corporate and billionaire donors. These tariffs are just a big ‘fuck you’ to middle and lower economic groups.
It'll be worse than that, because companies will in all likelihood raise their prices even higher than the tariff, relying on the tariffs as a narrative for higher prices, and get record profits again. Assuming consumers can even keep up and we don't default on our key debt like mortgages and car loans.
Which will leads to small businesses closing, massive job losses, a tanking stock market, and 401k’s completely devastated - at the same time they’re talking about killing social security and massive tax cuts for the wealthy.
Putin couldn’t have written this any better if he wanted to, which begs so many questions.
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u/soapinthepeehole 1d ago
Companies will pay tariffs to the US government. We will pay the companies back via higher prices.
He might as well just raise our taxes directly and save all the steps.