OT: Tariff Economics Discussion
- Thread starter scott in nashville
- Start date
Regardless of which way you lean, pretty funny we have a 10% retaliatory tariff on an island inhabited entirely by penguins.
A reminder of the economy he walked into
The American economy has left other rich countries in the dust
The American economy has left other rich countries in the dust
Expect that to continue, argue Simon Rabinovitch and Henry Curr
Penguins are NOT to be trusted. Waddling little sneaky bitches … the whole lot of them.
We have been in a recession for a long time no matter what your msm overlords have been telling you.
WATCH: White House officials just released a lecture on why the tariffs are a game changer. Stephen Miller really understands it.
"Well, the announcement today is the most significant action on global trade policy that has taken place in our lifetimes. It's not even a close call. I mean, this is probably the biggest event that's happened on global trade since the very ill-fated decision that we are now reversing of knocking down all of America's trade tariffs and revenue policies that led to the offshoring and outsourcing of all industry."
"This is the great onshoring, the great reshoring of American jobs and wealth."
Big picture.
The reason Trump is calling today “Liberation Day”, is because if Trump’s tariff economic plan is successful, income taxes will be no more, and the American People will no longer be tax slaves to a corrupt system.
Today will be known as the day that ended our economic slavery.
If Trump’s plan is successful, and tariffs replace income tax, the quality of life for the American People will be significantly better, and we will no longer be indentured servants to a corrupt machine. No longer will our labor be taxed to fund war and destruction around the globe. No longer will our labor be taxed just for the corrupt ruling class to line their pockets off of our suffering.
We are currently slaves to the IRS, and Trump’s tariff economic plan is trying to end that.
That’s why, if Trump’s plan works, today will be know as “Liberation Day”. Trump is trying to get rid of income tax.
The reason Trump is calling today “Liberation Day”, is because if Trump’s tariff economic plan is successful, income taxes will be no more, and the American People will no longer be tax slaves to a corrupt system.
Today will be known as the day that ended our economic slavery.
If Trump’s plan is successful, and tariffs replace income tax, the quality of life for the American People will be significantly better, and we will no longer be indentured servants to a corrupt machine. No longer will our labor be taxed to fund war and destruction around the globe. No longer will our labor be taxed just for the corrupt ruling class to line their pockets off of our suffering.
We are currently slaves to the IRS, and Trump’s tariff economic plan is trying to end that.
That’s why, if Trump’s plan works, today will be know as “Liberation Day”. Trump is trying to get rid of income tax.
.@POTUS: "From 1789-1913, we were a tariff-backed nation, and the United States was proportionally the wealthiest it has ever been -- Then in 1913, for reasons unknown to mankind, they established the income tax -- We are going to start being smart and we are going to start being wealthy again."
A reminder of the economy he walked into
The American economy has left other rich countries in the dust
The American economy has left other rich countries in the dust
Expect that to continue, argue Simon Rabinovitch and Henry Currwww.economist.com
It’s ok to be upset because for the past 35 years Republican presidents have tanked good economies set up for them by Democrat administrations, which a Democrat admin then has to come in and clean up. Wash, rinse, repeat
I am dumbfounded by the panic over tariffs.
The previous administration printed 40% of the dollars that are currently circulating in America. Do you know what happens when you print that much money and you throw it into the economy? Well you get insane inflation. Inflation that reverberates throughout the entire economy and affects every single American citizen.
President Trump is telling you he has a strategy and that strategy is extremely effective because it will allow us to have a global reset, where we are no longer being taken advantage of on the world stage and we are forcing countries to pay a reciprocal tariff. That means that we are no longer going to be footing the bill for the manufacturing in other countries, and instead we will be incentivizing firms and companies to manufacture here.
Again, there may be a small window of pain, but if Congress would get up off their butts and pass President Trump’s tax cuts, nobody in America would even feel the tariffs.
And I would like to add these tariffs are going to bring in an enormous amount of revenue that will help offset the deficit.
So once again, stop telling me it’s irresponsible to have a strategy and a game plan when you are the party that printed 40% of the money circulating in the economy knowing that it would make inflation soar for the entire country. And then to add insult to injury, you were the party that spent three years lying to the American people about it.
Did you hear a word about this from the media when the Democrats did this? No you didn’t hear a single word because the media is the enemy of the people and they want you to be stupid and ignorant.
Tariffs are the leverage to the problem
Those with weak stomaches and no gonads will fold and write the sky is falling everywhere they can log in
Me I am loving the DRAMA and WINNING because Trump id dead on right and will win in the end because he is right
The US has been the world’s bitch too long
All those countries living on a parasitic relationship with the US need to step up and get on the program
The whimps in the US who are scared to stand up and make America first need to pick a new country to move to
Depending on who you listen to, between 50% - 75% of Americans live paycheck to paycheck and can't afford to have patience while waiting to see if this ludicrous gamble by billionaires plays out. Many of these are the same people who voted for Trump because he promised them lower prices. Are you really going to tell those people that we're winning and they're just being dramatic?
Dpic....you are assuming stuff will occur that hasn't occurred yet. The current cluster on inflation was brought on by dem policies. Trump is enacting his policies and we will see in the future what the affect is whether good or bad. It's like you dems are trying to place China Joe's inflation over to being Trump’s fault which is not reality and not many will fall for it. Trump will be given plenty of leeway by the American citizens to fix the current mess.
It's not a ludicrous gamble. It is a 100% necessary strategic move.
The country was bankrupt. It was an economy built on fake government jobs and unsustainable debt.
We all voted to get rid of the inflation and Trump is going to do it by building an honest economy.
The economy was roaring when Trump came into office and inflation was a manageable 2.8%. Most Americans can't wait to see how this plays out and if moving manufacturing to the US is the goal, it will be years before that plays out. He lied to the voters.
You are either lying or misunderstand. The economy was not roaring.
Inflation was 2.8% and INCREASING. The stated goal is 2% and it was 1.9% under Trumps first term. Interest rates were climbing. We have $5 trillion of debt to refinance this year and another $20 trillion in the 4 years after that. We were in big trouble.
Additionally, the Biden regime continually fudged employment numbers.
It was a fake economy that was taxing regular Americans brutally to pay for democrats pet projects at USAID. All that tax came through via inflation and the We The People voted that shit down with the quickness.
We want an honest economy. No fudged numbers. No fake government jobs. No fake jobs numbers. No fraud via US Aid. No taxation through inflation! We The People DEMAND it.
You can't gaslight your way out of this - you just can't. All the pretzel logic in the world can't obscure the point that he lied to voters by telling them prices would start coming down on day one. That's why they voted for him -- not a convoluted, long term, economic theory that could just as likely lead to a recession or worse.
100% in with MAGA and Trump
Hold tight and let the folks come to US
Fair is Fair but more to the point MIGHT MAKES RIGHT
The World Needs a Strong Prosperous US more than we need third world countries and weak partners
Nah.
Democrats fudging economic numbers. Fudging employment reports. Not listening to the populace about their overbearing government spending which lead to 50 year highs in inflation.
Not paying attention to the rising inflation rates. Not paying attention to the rising interst rates. Not paying attention to the low wages. Not paying attention to AMERICANS.
The economy was broken and we all know it. Record deficits. Record national debt. I for one stand with Trump. I am willing to see my 401k take a dip to make the economy sustainable for the long term. Otherwise my 401k wont be there at all when it comes time for me to retire.
We kicked the can down the road long enough and Trump was the first one to say no more.
If you think this has something to do with Trump wanting to save the country, and not him giving an opportunity for the horde of billionaire advisors he has to start gobbling up distressed smaller companies then you're blind. This is going to lead to smaller businesses getting bought up by larger corporations, thus consolidating more services in the hands of the few. It's literally how oligarchies are built.
Yes, the small businesses that were being funded off the fat that was USAID will fail.
The strong businesses will survive. Others will re allocate to more productive means.
This is how you get rid of inflation. We voted inflation out and this is the antidote.
The 10 year is down below 4% today.
Say that to the 50% + of Americans who live paycheck to paycheck and can't wait for the long game to play out.
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