Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Let’s not kid itself into thinking blanket 100% tariffs are a remotely smart way to implement tariffs on China. People that knew about Trump’s 100% tariff plan when they voted for him are usually in two camps.
The camp that a) thought the plan was bluster like the wall, or b) they are too uninformed to know that China doesn’t pay these. Americans purchasing from China pay the taxes.
No matter how you slice it, it simply ends in America’s living with a “lowered” quality of life. The reason we buy things from overseas is because it was cheaper and nobody wanted to pay for the expensive American version. Even the current high-end American products we have will find themselves struggling when people have to pick and choose what they can afford going forward.
I’m also a little indifferent about the whole thing. I just think its going to be hilarious if it goes down and people end up struggling even more after voting Trump. I’ll have my schadenfreude-popcorn ready constantly to munch on over the next four years.
I feel you, but also, they’ll have less money too. Some of them will lose jobs and go hungry in the interim, and I’m not going to try to argue where the “appropriate” starvation balance is. But it -will- happen.
Nah, we should be paying tarrifs from goods imported from countries with terrible labor laws.
But we also need social services like UBI to provide free housing and food and clothing.
Let’s not kid itself into thinking blanket 100% tariffs are a remotely smart way to implement tariffs on China. People that knew about Trump’s 100% tariff plan when they voted for him are usually in two camps.
The camp that a) thought the plan was bluster like the wall, or b) they are too uninformed to know that China doesn’t pay these. Americans purchasing from China pay the taxes.
No matter how you slice it, it simply ends in America’s living with a “lowered” quality of life. The reason we buy things from overseas is because it was cheaper and nobody wanted to pay for the expensive American version. Even the current high-end American products we have will find themselves struggling when people have to pick and choose what they can afford going forward.
I’m also a little indifferent about the whole thing. I just think its going to be hilarious if it goes down and people end up struggling even more after voting Trump. I’ll have my schadenfreude-popcorn ready constantly to munch on over the next four years.
Lowering your quality of life when that wealth is stolen, built on the backs of oppressed people, or causing climate change is both necessary and just
I feel you, but also, they’ll have less money too. Some of them will lose jobs and go hungry in the interim, and I’m not going to try to argue where the “appropriate” starvation balance is. But it -will- happen.
Soup kitchens.