Quote:
Originally Posted by Sedan_Clan
I think the opposite. I think everybody’s pockets are going to get fuller. There’s a strategy behind the tariffs (…and it’s going to prove effective), removal of cheap ILLEGAL labor is good for working class Americans, etc.
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I think this is just a lack of understanding of economics on your part
I'll give you a few real world examples -
1) I worked in an industry that was affected by tariffs last time in 2019. All we did, was pass on the consumer the full cost of the tariff... the corresponding domestic industry raised their prices as well... just because they could... the net result was higher price for the consumer all around. This is also a violation of the USMCA by the way.
2) Removal of illegal labor? So um... who is going to do those jobs and at what wage? u? Are you prepared to pay a higher wage for your fellow US workers? Or are we gonna throw a subsidy and end up paying thru this in taxes?
3) Tax cuts - this one is to be seen... but the extension of the tax cuts will bring about another 4T to the national deficit... so um... how is that going to be made up? With DOGE adjustements lol? Well... in that case, we need to prepare for mass unemployment as well.