If tariffs work too well and companies restore production, the U.S. loses tariff revenue. But if companies keep producing abroad, the tariffs just act as a tax on American consumers. It’s a lose-lose scenario for the regular folks.
The result will be a fragmented global economy where our influence gets smaller.
I concur my friend. Trump is following the Project 2025 playbook to a tee right now. How this ends is with the U.S. turning into a white, Christian Nationalist dictatorship along the lines of Hungary and Russia. A one party system, with no more bill of rights anymore. Trump and his selected successors will rule much like Orban, Putin and so many others like them.
Things are slowing down enough at my house to where I can start doing other things beyond home repairs now. Between work and repairs, I couldn't even set up a show this week. I might have some time this weekend to post something, before I get started on my next home improvement project next week.
If you are up for another podcast together for this weekend, I can set something up. Let me know.
You certainly put a lot of time into this, and I like that you looked at this issue from several viewpoints. There's a whole lot that I don't know about economics, but what I observe happening around me is more people unable to afford groceries and rent. I think the US economy is bad for most people, as most new jobs today are "gig" jobs, that don't pay benefits and don't pay enough to make ends meet. And, we are dependent on imports, as we hardly make anything anymore here in the US. I think the tariffs will just make the working man suffer even more. Also, I really don't believe that Trump wants to MAGA, I think he just wants to make himself even wealthier. He thinks of profits in the short term -- profits for the wealthy.
Hey Mitch
How are you?
What a mess eh!
If tariffs work too well and companies restore production, the U.S. loses tariff revenue. But if companies keep producing abroad, the tariffs just act as a tax on American consumers. It’s a lose-lose scenario for the regular folks.
The result will be a fragmented global economy where our influence gets smaller.
Maybe this is the REAL plan ...............
I concur my friend. Trump is following the Project 2025 playbook to a tee right now. How this ends is with the U.S. turning into a white, Christian Nationalist dictatorship along the lines of Hungary and Russia. A one party system, with no more bill of rights anymore. Trump and his selected successors will rule much like Orban, Putin and so many others like them.
Things are slowing down enough at my house to where I can start doing other things beyond home repairs now. Between work and repairs, I couldn't even set up a show this week. I might have some time this weekend to post something, before I get started on my next home improvement project next week.
If you are up for another podcast together for this weekend, I can set something up. Let me know.
You certainly put a lot of time into this, and I like that you looked at this issue from several viewpoints. There's a whole lot that I don't know about economics, but what I observe happening around me is more people unable to afford groceries and rent. I think the US economy is bad for most people, as most new jobs today are "gig" jobs, that don't pay benefits and don't pay enough to make ends meet. And, we are dependent on imports, as we hardly make anything anymore here in the US. I think the tariffs will just make the working man suffer even more. Also, I really don't believe that Trump wants to MAGA, I think he just wants to make himself even wealthier. He thinks of profits in the short term -- profits for the wealthy.