Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm so depressed.

I never really thought it could get to this point.  I never voted for this blob but I did have faith we could weather the storm to come

It's been less than 90 days and we are already here.  I'm not sure anymore that there is the ability to get through the damage as there is in hoping for mercy in the new world order to come!!!

[b]It really truly affects all of us, rich and poor.[/b]  [/quote]

It affects lower incomes disproportionately. The price of a Honda accord is a much bigger chunk of HHI when you are making 75k vs 3 million. Tariffs are a tax disproportionately borne by the poor. It’s an inverse progressive income tax. Trump will convince congress to cut taxes, while disguising taxes on the poor as “liberty tariffs” or whatever bs he is calling it. [/quote]

Yep.  And it will hurt classic American products too.

When MAGA goes to buy their new F-150 that currently MSRPs for 50,000, they will find their new truck is now an unaffordable 70-75,000.  Will fleets continue to scoop up the 10s of thousands of F-150s as that currently do with a 40-45% hike?  Add on to that the additional cost of sales taxes.  What's going to happen?[/quote]
No because Trump will implement price limits. That means those businesses get squeezed. Which is kind of poetic justice for them supporting him.[/quote]

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