Trump's tariffs to raise prices

[Morphine Prince 109,711]

1 minute ago, faysalaaa said:

I think they dont want their taxes going to failed programs that wont benefit Americans. They believe there are other ways to benefit society than free socialist programs. Im not saying they are right, all im saying is they are like us, they care about others, but with different conclusions. 

Just my opinion and how i see things, we dont need to debate this if you dont want to.

The thing is, the issues in the US have been easily tackled and resolved in many other parts of the world. No country is perfect, but the US is the most powerful country in the world. Not addressing important needs is a political CHOICE by the government and the people who elect them. 

The individualist nature of Americans is what is keeping us back from real progress. If you start thinking about community before your own interests you get a society where people have opportunities to thrive without having to suffer.

[faysalaaa 5,341]

2 minutes ago, SpadesToStart said:

Fighting for marginalized groups and taking pleasure seeing ignorant people get their just desserts are not mutually exclusive. I want to see everyone do well, but that ship has likely sailed with Trump returning to power. However, the schadenfreude is a consolation prize to a future we didn’t even want to happen in the first place.

 

Democrats refused to hold their leadership accountable, and want to shame everyone into voting for them without offering anything, then want to watch the country burn because people did not accept their empty offer.

[faysalaaa 5,341]

Just now, Morphine Prince said:

The thing is, the issues in the US have been easily tackled and resolved in many other parts of the world. No country is perfect, but the US is the most powerful country in the world. Not addressing important needs is a political CHOICE by the government and the people who elect them. 

The individualist nature of Americans is what is keeping us back from real progress. If you start thinking about community before your own interests you get a society where people have opportunities to thrive without having to suffer.

I agree with this, thats why I do support progressive laws, even though I would never associate myself with them.

[Ladle Ghoulash 54,003]

2 minutes ago, faysalaaa said:

They said: will just enjoy if things burn. Especially now that he actually won the popular vote, well, you get what you voted for.

I said: You only want to see others do good if they agree with you, and come to the same conclusions as you

 

Notice how the statement you replied to didn’t say, “I want them to suffer because we disagree.” In many cases, these people actually weren’t even *aware* of Trump’s economic policy before voting for him (many who voted for him have expressed shock about the tariff policy online since he won the election and Trump won voters who don’t follow politics at all in exit polling by 15 points). Not to mention that it simply doesn’t make logical sense to say, “I’m voting to reduce inflation” (given that most who voted for Trump asserted they did so for economic reasons) and then vote for the candidate running on a hyper inflationary economic platform. If they either didn’t do their due diligence to actually research or understand the economic policy of the candidate that they voted for, then maybe (like a child putting their hand on a hot stove) they need to feel the consequences of their decision in order to realize their mistake (and this is not just me saying this, major economists are saying that Trump’s plan could crash the economy and even his own allies admit his policies would create significant economic hardship). 

[Morphine Prince 109,711]

Just now, faysalaaa said:

Democrats refused to hold their leadership accountable, and want to shame everyone into voting for them without offering anything, then want to watch the country burn because people did not accept their empty offer.

The Biden administration:

Lowered cost of prescriptions, capped insulin at $35, they lowered inflation from 9% to 2.4% in two years, they gave stimulus checks, they gave child tax credits, they cancelled student loans for 5M Americans

Harris was running on expanding Medicaid and Medicare coverage, giving people assistance to purchase a home, to build millions of more homes to reduce the price of housing, to raise the aid to small business from $5K to $50k, to give tax credits to new parents... and so on.

This isn't "nothing" 

People are just not informed and don't want to be. Well, they can live with their choices. We can only sit back and watch. 

[Ladle Ghoulash 54,003]

5 minutes ago, faysalaaa said:

Democrats refused to hold their leadership accountable, and want to shame everyone into voting for them without offering anything, then want to watch the country burn because people did not accept their empty offer.

Pretty uncharitable characterization of both the Democratic Party and their voters. Kamala literally ran on an economic platform that centered around tax breaks for lower and middle income Americans. Not sure how that’s an “empty offer.” Not to mention that when voters were blind polled on economic policy, voters preferred Kamala’s platform to Trump’s 2 to 1, but because Trump’s brand is more economically oriented, voters likely just assume that he’s better for the economy without really doing adequate research. 

[faysalaaa 5,341]

4 minutes ago, Morphine Prince said:

The Biden administration:

Lowered cost of prescriptions, capped insulin at $35, they lowered inflation from 9% to 2.4% in two years, they gave stimulus checks, they gave child tax credits, they cancelled student loans for 5M Americans

Harris was running on expanding Medicaid and Medicare coverage, giving people assistance to purchase a home, to build millions of more homes to reduce the price of housing, to raise the aid to small business from $5K to $50k, to give tax credits to new parents... and so on.

This isn't "nothing" 

People are just not informed and don't want to be. Well, they can live with their choices. We can only sit back and watch. 

I watched an interesting debate about Trumps economic policies (Even though I did not understand alot of it), and I found it really interesting, I think you would enjoy it:
 

 

[fede ARTPOP 6,751]

[mysGaGa 1,426]

let's give the people what they want 

[FATCAT 60,896]

Americans are getting exactly what they voted for.

[Bronco 25,902]

2 hours ago, Shyane said:

I feel like my comment on this won't be welcomed but I'm still going to share. I heard that ad from Kamala's campaign during the election. I'm so shocked this is her campaign ad. 

Right now, China exports cheap products to the world because they have cheap labor. People living under poverty line working hard for their government. You know that is not what democracy looks like. No other countries can compete with the price of their products. The minimum wages in more developed countries are simply too high. The costs to make the products are higher so the prices on the market are more expensive. And because of that, US is giving China money to buy those products. Domestic products cannot compete. This eventually causes Chinese economy to thrive and American economy to wither which happened in the last decade or two.

Raising the tariff nullify the competitiveness of the Chinese products as it will reflect on the price of these products. Yes, those foreign made products will become more expensive which is why they do this so that American people will buy more domestic products which will then keep the money in the US, creating more job opportunities and keeping the companies and production lines in the US. We want to keep the companies here so job opportunities will be here. There was a trend of US companies leaving the US (not sure how it is now). This policy is trying to stop that. There may be an increase in day to day products but this will create more jobs and increase wages. With the increase in the salary, you will be able to afford those products instead of giving those money to China which actually supports their authoritarian regime.

Trump also said that he intends to support the US gas industry which may actually help decrease prices of day to day products. I do understand people hate Trump and Democrats are better with social issues but on this policy, I think Trump's policy is beneficial for Americans. Please don't come for me.

You're imagining a situatuon though where domestic producers are in a position to immediately bring everything inhouse and cut off completely from foreign suppliers.

They aren't. And to build all the necessary infrastructure will cost billions, if not trillions of dollars in investment. And even were that kind of cash flow available to the businesses they would still need the years to build it and ultimately perfect it. 

Trump's tarrifs allow for none of that. They introduce an immediate business cost spike to any business that imports literally anything necessary for its business. Which then means those businesses first need to adapt their practices to bring themselves back to profit. 

Which will require price rises, wage cuts & job losses - which will spike inflation. The spike in inflation will lead to a spike in interest rates making the availability of capital collapse. Without easy access to capital businesses will not be able to pay the cost of inhousing business. If the tariffs are sustained rather than quickly abandoned, then simply put many businesses domestic and international will collapse. And when large-scale bankruptcies happen, banks go under as well taking everyone's pensions and savings with them. 

Protectionist tariffs have never worked in global economic history. The key to insourcing production for a nation is tax incentives & state assistance. Not state attack. 

[Guest]

1 hour ago, HotLikeMexico said:

Because when the economy was good (despite inheriting it from Obama) it was Trump saving it and he got credit. When it goes to **** during his term, they are now magically gonna blame the Dems. 

People are simple minded and will always blame the sitting president. Unfortunately economists predict the economy will be at a high once he is president again, just from the projection of what the current state is and all the Democratic work that has been on the works so Trump will be receiving the credit. Really unfortunate. 

[Monstermilo 5,473]

hope americas economy collapses tbh 

i hate that trump got elected and his supporters think he can waive a wand and make **** 50% cheaper

[Horny Chicken 10,944]

1 hour ago, fede ARTPOP said:

I can’t look at any picture or GIF of her and not want to cry. I hate these stupid incels. Hope they get what they voted for. 

[SpadesToStart 3,810]

2 hours ago, faysalaaa said:

Democrats refused to hold their leadership accountable, and want to shame everyone into voting for them without offering anything, then want to watch the country burn because people did not accept their empty offer.

Call me crazy, but I wouldn’t call “not fascism” an empty offer when the alternative is fascism. 

Even beyond that, the Harris campaign offered real, actionable solutions to cost of living issues, while Trump’s economic plan boils down to 

Step 1. Tariffs

Step 2. ????

Step 3. Profit