r/LinkedInLunatics • u/Glitterandglitz21 • 23h ago

This is what happens when you didn’t pay attention in economics 101

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4.6k Upvotes

96% Upvoted

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3.2k

u/WS-Gilbert 23h ago

I’m not saying this to be glib, hand to God, I remember on literally the FIRST day of Principles of Macroeconomics, they taught us why tariffs don’t work and how every reputable economist moved away from isolationist theories over the last hundred years.

We always knew Trump was stupid, but the fact he can’t even grasp one day’s worth of freshman Econ really drives it home

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u/theBdub22 22h ago

It isn't a question of intelligence. I would wager that he is doing the tariffs for 3 reasons.

  1. He and his cronies are insider trading on the stock market, and are buying and selling before major announcements that move the market.

  2. He is putting these tariffs in place to line the pockets of his buddies that primarily (or only) use or make American products (like Elon with Tesla).

  3. He is asking for bribes behind closed doors to reduce or remove tariffs on specific countries or industries.

Basically, he is double-dipping at every turn and fucking over everyone to do it. Just like he always has.

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u/Jiffletta 22h ago

Aren't Teslas made with rare earth minerals that are gonna be heavily tarrifed?

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u/Pip-Pipes 21h ago

Isn't this why they want Canada and Greenland?

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u/Marijuana_Miler 19h ago

4 months ago Canada would have gladly sold them without much hassle.

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u/Gardening_investor 18h ago

Why pay another country for something when you can just take their land and resources, subjugate their people, and extract the resources you want?

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u/PenguinSwordfighter 18h ago

Because that will cost you Billions in military spending and tens if thousands of lives

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u/Beanakin 17h ago

Billions paid by taxpayers and the lives of taxpayers. No money from Trump's or his buddies' pockets, or skin off their backs.

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u/PrimeLimeSlime 15h ago

And the rich people aren't going to be fighting these wars. They'll just push the poor into those meatgrinders.

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u/theresabeeonyourhat 11h ago

This reminds me:

Trump playing "Fortunate Son" at campaign stops & his followers not understanding the irony is just one of a million instances of magat stupidity

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u/AgentMouse 16h ago

exactly. As if fascists care about less priviledged peoples lives or money.

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u/keelhaulrose 12h ago

War does make a certain group of rich men richer. And those rich men are probably a little concerned now that European countries seem to be moving away from buying the weapons they manufacture.

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u/Gardening_investor 11h ago

If the US ramps up attacks on Canada and Greenland, those defense contractors will get their payday still. Even with EU no longer using their contracts. Republicans will instruct the Fed to print trillions to pay their corporate sponsors.

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u/OneFrenchman 13h ago

tens if thousands of lives

Okay, but what if Trump and his ilk don't give a shit about the lives of the poor (aka the people who become soldiers and NCOs). And/or believe that US power is such that nobody would fight them.

Then it makes perfect sense.

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u/HellsOtherPpl 13h ago

War means harvest time for the arms industry.

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u/Gardening_investor 15h ago

You’re not wrong, but do you think this president cares one bit about anyone or anything but himself?

Based off how the entire party has capitulated and enabled him for almost a decade, the same question can be asked about the party. Do we really think they care one iota about sending poor people to die so the rich can extract resources and exploit others? Reminder, this is the party suggesting sending children to do the jobs vacated by the immigrants they demonized and sent to slave labor camps in El Salvador.

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u/BigHawkSports 12h ago

Right but those billions go to defense companies and Trump can make money on defense stocks.

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u/deadweights 11h ago

But then Trump gets to peacock on TV that he kicked ass and secured these minerals for a great American future. /s

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u/Purplebuzz 9h ago

To be fair America has been doing this all over the world for ages. I mean their military costs so much money they use them to do exactly this.

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u/AzaranyGames 14h ago

Because they seem to be living in a delusional fantasy land where Canada and Greenland will respond to economic attacks by politely asking to join the US and willingly ceding our sovereignty.

Because they are so deeply entrenched in American exceptionalism that they do not understand that the rest of the world is not dying to become American.

The perspective runs deep. I'm Canadian and my spouse's family is American, and I even had to explain to my Democrat voting father-in-law why Canadians want to stay sovereign because he couldn't see a single downside to us becoming a state.

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u/Gardening_investor 14h ago

The belief in American exceptionalism is programmed into people from a young age. It’s why so many falsely believed that Trump wouldn’t be that dangerous to the country the first time. It’s why the second time they forgot how his inaction and politicization of a health crisis led to millions dead and he coordinated a failed violent armed insurrection after he lost a free and fair election, and said “he didn’t do that terrible the first time.” It’s like they forgot the actual harm he did and somehow believed the systems that he dismantled the first round would hold the second. Whelp. 🤷🏼‍♂️

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u/Stormwatcher33 6h ago

i'll never get over how trump and bolsonaro's handling of covid didn't get them arrested.

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u/OneFrenchman 13h ago

They do seem to think that everyone wants to be American, so that once they say a country is going to become a new state they will simply gladly say yes and become one.

It's the exeptionalism/manifest destiny propaganda.

They are certain the US is the greatest country in the world in an objective manner on all subjects, so foreigners would be mad to not want to join.

You can hear it in the Trump discourse about commerce, in particular about cars. He's said many times that American-market cars should be wold everywhere, and that Europe (for example) is blocking the importation.

Except it's not true, as shown by the fact that Teslas and the previous version of the Ford Mustang sold pretty well. American manufacturers try to export cars all the time, but often they realize quickly that the American market is very specific, and cars made for the US don't sell anywhere else because they're too big, don't hold the road well enough, are pretty low-grade (your average Chevy is basically a European Dacia inside), and burn too much fuel.

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u/Unhappy_Clue701 8h ago

Also many US vehicles simply don’t meet pedestrian safety standards elsewhere. Especially the big trucks and SUVs, which destroy anyone they hit like a sledgehammer going through a piñata.

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u/ibhunipo 18h ago

And Greenland would have readily agreed to facilitate any American mining corp wanting to setup operations

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u/KraiNexar 11h ago

MF Foreststonks in the wild. Keep up the good work, you inspiring primate

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u/robsbob18 13h ago

Also to secure the trade route of the 2050s.

Once the Arctic is ice-free year round it will become a major trade route from China/Japan/SE Asia to the eastern US and European markets. It will make the Panama canal not obsolete but greatly diminish its power. Trump wants to position the US as the toll-man for international trade in the future so he's targeting both.

It's wild how they make policy decisions knowing climate change is real and anticipating its impacts, but publicly deny it.

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u/MiloHorsey 13h ago

How else will they force the environmental change without doing what they're doing? The greed and evil of these people holds no bars.

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u/mothzilla 11h ago

And Ukraine.

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u/Old_Man_Robot 17h ago

And what did Trump just try to extort Ukraine for?

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u/Most_Technology557 17h ago

Not just tariffed one of the largest suppliers is banning their sale to the US.

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u/Kotanan 17h ago

They’ll get an exception.

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u/Alternative_Year_340 21h ago

Part of it is his behaviour pattern: He likes to hurt people, he likes the attention he gets from hurting people and he likes making people beg him to stop. (I.e. the rapist mentality)

He’s imposed the tariffs to hurt people and now he wants counties to beg him to stop. And some smaller countries (such as Vietnam) have had to approach hat-in-hand. But the larger ones or the ones able to bear with a bit of temporary pain and can band together — they aren’t playing this time. They’re making permanent changes that will both outlast the Republican administration and be negative long-term.

For the supposed investment commitments, I strongly suspect those are double-counted with the ones made to the Biden administration under the IRA (which was all-carrot and very effective and which the Republican administration has vowed to do away with).

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u/Boofcomics 11h ago

he likes making people beg him to stop. (I.e. the rapist mentality

That is one of the darkest thoughts. It's probably true.

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u/PublicFurryAccount 22h ago

Why?

It's very clear that he likes cranks of all colors, provided they flatter him, and that he basically thinks whatever the more eloquent people around him say is true. He ended up surrounded by tariff cranks, so we ended up with tariffs.

There's not even 2D chess at work here.

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u/TimeLine_DR_Dev 22h ago

Don't forget being manipulated by Putin to destroy America

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u/GM_Nate 22h ago

"You know, Donny Boy, they're laughing at you. The whole world is laughing at you. You know what I'd do if the whole world was laughing at me, Donny Boy? I'd get them back. I'd tariff them so hard their unborn grandchildren felt it." --Putin

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u/Infamous_Avocado_359 19h ago

I unironically believe most of Trump's behaviour is actually petty revenge against anyone he thinks has wronged him. Being the narcissist he is, he believes that criticism and ridicule of him should be a crime and he is getting his own back on the world.

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u/Mondkohl 19h ago

This is more fun to read in an Irish accent.

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u/Dfried98 20h ago

Agent Krasnov following orders.

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u/magpieswooper 22h ago

Could he just be a lunatic with little understanding of the economy, but who enjoys extortion business strategies? This doesn't invalide the reasons above.

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u/gbot1234 21h ago

I think he just likes how things happen when he says stuff.

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u/MrBeer9999 20h ago

I think Trump genuinely believes in a) tariffs and that b) he personally is a very stable genius who has figured out the cheat code to working out economies.

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u/Effective-Farmer-502 20h ago

He’s just a mouth piece, he’s not smart enough at his age to come up with these ideas himself. as we’ve seen, he’s just a puppet being strung along.

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u/tomtomtomo 22h ago

He's been banging on about tariffs since the 80s. Back then he was railing against Japan. No doubt that his rich connections will benefit but he genuinely thinks this will benefit America.

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u/CharmingDraw6455 19h ago

He will manage the US like a business, that was the promise and he does it. The problem ist what his business was. Tariffs replacing taxes is great when you buy and sell property. The tarrifs for raw materials are not your biggest concern. Instability is good, buy cheap sell high.  With his policys in place, lets say in the 80s, his business would have worked better.  But its poison for almost every other business. Manufacturing does not like instability or tariffs.

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u/weakbuttrying 21h ago

I know it’s easy to write him off as merely evil and corrupt, but make no mistake, the man is also an absolute moron.

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u/WS-Gilbert 22h ago

1 & 3 seem plausible, but the problem with 2 is that everyone gets hurt when the global markets crash. Supply chains are global even for companies that manufacture in the US, and more importantly, when consumers have no money, they’re not buying new cars. So maybe he thinks along the lines of #2 here, but again, he’d have to be pretty stupid to actually believe that would work that way

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u/junebugflyin 21h ago

What he is doing is intentionally causing a recession so billionaires can get richer by expanding their market share.

Billionaires have enough capital to weather a recession. When competiting businesses are forced to liquidate due to the recession, billionaires can buy all of the newly available businesses, real estate, etc. Once the economy eventually rebounds, the billionaires now own an even greater share of the market.

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u/hellolovely1 22h ago

Sure, but he's also dumb.

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u/rkorgn 20h ago

And 4. Tariffs are under control of the executive branch. Remove income taxes and end run around congress and amendment 16. Congress can't fund it's programs. Want money? Patronage from the executive.

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u/sirfrinkledean 22h ago

He’s using mob boss tactics.

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u/Sensitive-Designer-6 21h ago

Wonder who's on the golf course with him, handing him promises and bribes.

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u/Rickoms225 19h ago

Well he did number 3 openly with Australia. He’s like if you want me to remove tariffs you will need to get rid of our Biosecurity laws for American food/produce. Stop the pharmaceutical benefits scheme where the Aus government ensures our medicine is affordable and ruin our collective bargaining agreement for news corporations.

He’s not hiding how he wants special privileges for the US at the detriment of other’s countries and if he doesn’t get his way will punish those that say no.

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u/paralacausa 19h ago

I think he's doing it because of his crude approach to deal making. Going aggressively and then negotiating from there from "a position of power" is straight from his playbook. What he doesn't understand is that international diplomacy and the global economy don't work that way.

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u/RedditBansLul 15h ago

I don't know why some of you give Trump so much credit, he bankrupted 6 companies, he's just a fucking idiot, it doesn't go any further than that. He's genuinely just stupid as fuck and has no clue what he's doing.

He is putting these tariffs in place to line the pockets of his buddies that primarily (or only) use or make American products (like Elon with Tesla).

Tesla stock is down ~50% over the last month, and has continued dropping since the tariffs were announced.

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u/cybercuzco 22h ago

Let’s also not forget that he wants lower interest rates for the loans he has outstanding and he can’t get that without crashing the economy. He probably tried to force Powell to lower rates or fire him and when that didn’t work he is doing this.

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u/Skepticalli 20h ago

My guess is that he is personally doing this for #3, extortion is the only business he knows. I think his enablers are going with #1 as their own grift of opportunity. I don't think any of them give a shit about #2.

I don't think any of them give a shit about their country or those in it. They are the MAGA Mafia. They will happily watch the world burn as long as they get theirs.

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u/DrewzerB 18h ago

I'd add a 4th that is an extension of point 1.

He's deliberately trying to crash the market so the billionaire class can buy up the value companies and consolidate their wealth, destroying the middle class.

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u/OTee_D 17h ago

"We want a business man to run the country like a business."

Now they got a business man running the country as if it is HIS business and plunders it with his friends.

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u/Glennmorangie 22h ago
  1. It sounds good to his supporters and that allows him to do more of 1 - 3

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u/popcorngirl000 21h ago

I think he wants the tarriff money for whatever the hell he plans to use his new "sovereign fund" to buy

https://www.americanprogress.org/article/trump-quietly-plans-to-liquidate-public-lands-to-finance-his-sovereign-wealth-fund/

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u/mmccxi 20h ago

companies. He is doing this so companies will come to him and ask for specific relief. They pledge loyalty, he gives them relief, they have a competitive advantage, or they DON"T pledge loyalty, he ignores them, other companies do and kick their ass.

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u/Live-Variety-762 17h ago

So politicians are double dealing under the table? Wow that’s news to nobody

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u/Pietes 9h ago

  1. tariff income is distributed by the president, while taxes are distributed by congress. trump will distribute based on kickbacks.

  2. he and his crew are hedged, and they're counting on bailouts to socialize remaining losses again. they will use the bailout (ppp anyone) to enrich themselves.

  3. they intend to leave the US population entirely dependent on their companies, and therefore utterly exploitable.

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u/StudioGangster1 21h ago

It blows my mind that people think Trump has a plan at all or understands any of this. He’s not doing this for any reason other than “I think tariffs punish places I don’t like.”

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u/PrivacyBush 22h ago

He's a Russian assey gollowing orders.

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u/duppy_c 22h ago

Trump was clear about what he was gonna do all through the election. It's the people who voted for him (and those that didn't bother to vote) that bear the responsibility for the coming Trump Slump.

The US got the government they deserve. Too bad the rest of the world has to suffer for it too.

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u/Ver_Void 22h ago

Tariffs have a role in industries you want to prop up for national security reasons or the like, but it's a cost you're paying not a free money cheat

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u/SnooMachines9133 22h ago

Yea, there's a role for tariffs as part of a larger strategy. But there doesn't seem to be any strategy in play for Trump, unless he's a Russian asset trying to destroy the country - in which case he's doing great.

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u/imaginary_num6er 18h ago

Well according to the US constitution, every industry relates to "national security" /s

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u/Tokyohenjin 19h ago

Ben Stein also covered this in class.

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u/AnAdorableDogbaby 12h ago

Yeah but this is what Ben Stein actually believes IRL. 

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u/perringaiden 16h ago

Definitely saying this to be glib, but I remember on literally during the FIRST scenes of Ferris Bueller's Day Off, they taught us that the Hawley Smoot tariffs act failed to help the economy and took the country deeper into the Great Depression.

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u/DreadoftheDead 21h ago

“I remember on the first day of my Principles of Macroeconomics class the Professor saying something about tariffs. I don’t remember exactly what he said about the tariffs, but it must have been good if he taught a whole class about it. So let’s go with tariffs. We love the tariffs, don’t we folks? The most beautiful word in the English language: tariff.” - Trump, likely

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u/legendary_liar 22h ago

You have to stop thinking he’s doing this because he’s dumb (he is dumb… but not for this)

This act is to drive prices downs and hurt the middle class… the goal here is so ultra rich folks can come and take ownership of more things.

Their long term goal is to have slaves.

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u/silentrawr 18h ago

More* slaves

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u/japinard 18h ago

We had 2 major Depressions that told us defacto how bad they were. We saw the same in Asia over the past 125 years. It's like screaming into the void with these idiots.

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u/centopar 15h ago

My office is opposite a building John Maynard Keynes used to work in. I have found myself leaning out of the window and muttering under my breath in the general direction of across-the-road a lot this week.

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u/Ok_Animal_2709 22h ago

Honestly, if Wharton doesn't revoke his degree, they should never be respected again.

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u/AliMcGraw 21h ago

I think a lot of top colleges are not coming out of this unscathed. Harvard Law has given us an endless parade of buffoons attempting to destroy the rule of law. And now they're getting attacked anyway 

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u/EAccentAigu 21h ago

Hi! Could you summarise why? (I'm not American and I didn't have any economy class in my studies)

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u/WS-Gilbert 21h ago

Basically that different countries have different comparative advantages when it comes to producing goods or services. For example, Canada might be able to produce energy much more cheaply because of access to oil or natural gas, and the United States can offer financial services more cheaply because of how many people they have working in finance. So everyone saves money if Canada sells the US energy and the US provides Canada with financial services, rather than wasting resources trying to provide all of their own goods/services.

As others have commented, sometimes we want to tariff certain industries for strategic reasons, but blanket tariffs on the whole world for all imports is just extremely idiotic

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u/EAccentAigu 20h ago

Thank you!

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u/defdrago 20h ago

Why would you expect him to understand economics? It's not like he has a degree in economics from Penn or something like that.

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u/Zeebird95 21h ago

As someone who just got an A in Macro and is now taking Micro. I’m sure my class will be interesting

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u/pang-zorgon 17h ago

The idea that tarrifs don’t works was the 1st concept taught in Australian economics classes back in 1983

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u/Coyoteishere 12h ago

Same lesson I received. The other was that massively cutting gov spending and reducing the federal workforce all at once can/will cause a recession. Never got the lesson on what happens when you have someone stupid enough to do both simultaneously. Hoping it’s the calculation no one has done that cancels itself out and makes us RIIICH!!! /s

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u/scoreguy1 10h ago

The greatest con this asshole ever pulled was convincing the world that he was a financial genius

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u/Time_Try_7907 14h ago

Do you really think Drumpf ever showed up for his freshman Econ classes?

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u/SpirosVondopolous 13h ago

He's doing it to gain leverage on everyone and to enshrine his power. Think it out.

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u/Darwin1809851 7h ago

I was literally just talking with my brother about how ridiculously insane people get when it comes to framing what trump is doing.

Is what trump is doing bad? Yes

Are the way he is using tariffs good? No.

Are tariffs always bad and never work? Jesus christ of course not they have a dozen sound applications and have been used wonderfully to protect industries and consumers and help in targeted ways for LOTS of things.

But all you seen online is takes JUST like this one. “Tariffs all bad, trump all bad, trump all dumb, any day 1 econ major will tell you tariffs never work and everything he uses is evil or incompetent”

Some independent or some kid who just became old enough to vote is going to look up tariffs after seeing ridiculously hyperbolic comments like yours, and they are gonna google what the fuck a tariff is and if they work. And google WILL show them the pluses and minuses to tariffs, and they will realize that a LOT of democrats or liberals are saying a lot of stuff that just…isnt true in order to hate on trump. And it will make them wonder what else yall lie about or exaggerate, and then they just stop listening all together because this mass hysteria to inflate all the shitty things trump is doing to the max never friggin stops.

There are dozens of real, shitty things that trump is doing. They are doing real harm and that is measurable. Focus on that. Stop with the “oh trump touched it? Now we have to be against this thing regardless of how much utility it has elsewhere. Once orange man adjacent, always orange man adjacent”

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u/WS-Gilbert 3h ago

You’re right that it’s hyperbolic to say “all tariffs are bad”, and yes they do have strategic uses when applied correctly. But Trump doesn’t seem to understand how they work at all, and this implementation isn’t anywhere remotely close to sound policy, as you’ve pointed out. I’m not criticizing this tariff plan because it’s Trump who’s doing it, I’m criticizing it because it’s an utterly idiotic use of tariffs that has a chance of destroying the world economy, and even among all the other awful things he’s done since taking office, this could end up having the most drastic and long-lasting consequences.

You make a good point that commentators should provide context for the discussion about tariffs so that less informed people don’t get led to thinking that it’s all exaggeration to hate on Trump. To be fair, I didn’t expect more than a few people to see my comment or I might have phrased it differently

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u/Idontknowthosewords 6h ago

I don’t even math, yet even I can look at the numbers and see they don’t math.

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u/covert7 2h ago

Same, came up in a class at school last time he introduced tariffs. I said let's talk about what's in the textbook and the real world implications as it's happening RIGHT NOW. Another student asked me not to make it political.......just wow. The textbook lays it out, it doesn't work out well and depending on the reasoning, has been challenged as illegal throughout history. In a globalized economy, imports and exports are an opportunity. Not every market can be the best or cheapest at everything.

The fact I need to listen to podcasts of Navarro (previously in jail and now advising a felon), that "traditional economists don't understand Trumpenomics, and we can't trust economic experts"......is bloody infuriating. Read the damn books, see how it worked out last time. Americans suffer, and their followers are somehow eating it up. The suffering will continue and this has already been labeled the dumbest economic decision by a President. It's just ironic to me that his voters will suffer first and the most, especially considering all the other decisions surrounding this administration.

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u/QorvusQorax 14h ago

I thought tariffs may work for a nation that lack exports and wants to boost its domestic production.

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u/bisectional 13h ago

It says a lot about Trump. It says something about the value of an economics degree from Wharton.

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u/Kerberos1566 12h ago

That's a Wharton education for you.

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u/kelpyb1 12h ago

Tbf I’d be surprised if Trump has a grasp on 3rd grade level math

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u/betterplanwithchan 12h ago

I’m working on my MBA now and one of my textbooks directly points to Trump’s tariffs in 2018 as a bad idea.

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u/Creepy_Cheetah2105 12h ago

I legit wish I could sit in on my old Econ professor’s classes during all this, he must be absolutely losing his shit at this stupidity.

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u/Jabbles22 12h ago

Trump and his supporters don't trust experts. They believe experts just make shit up. They think they can run the world with common sense and gut feelings.

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u/cs-brydev 12h ago

Not going to argue that point but literally every nation on Earth charges the US tariffs. So you're saying that every single nation on the face of the planet is wrong?

Why is it that only Trump is wrong on tariffs but every other nation and the EU is just fine with using tariffs?

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u/throwawayhurt1019 11h ago

Yes!

I’m transported back 40 years to undergrad macro at the University of Chicago.

Every time I think about this moron, it’s as if my head is exploding.

I keep waiting for Wharton to ask for their degree back and to keep their name out of his damn mouth!

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u/Repoclockamus 11h ago

Why do over 170 countries/territories in the world have tariffs against others? If it is obvious to everyone they hurt the entity imposing them, wouldn’t the vast majority of nations not have them, instead of the opposite being the case?

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u/No_Brilliant5888 22h ago

Not condoning violence, but Jesse Waters has the most punchable face I have ever seen.

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u/elegiac_bloom Facebook Boomer 22h ago

Which one is that? Because when I look at this picture I wanna see both of them get demolished

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u/Purple_Charcoal 22h ago

He’s the guy who looks like he’d let the air out of your tires to try and have sex with you.

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u/SubparExorcist 22h ago

I know which is which but that also makes sense, because lutnick doesn't look like that. It looks like he would slash your tires then give you a black eye for not having dinner ready when he gets home from a meeting with his secretary

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u/elegiac_bloom Facebook Boomer 20h ago

That's gotta be the guy on the left

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u/SubparExorcist 20h ago

Hmmm.... both?

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u/elegiac_bloom Facebook Boomer 20h ago

The guy on the right?

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u/createa-username 17h ago

The guy on the left. He let the air out of his coworkers tires as a ruse to give her a ride and then they hooked up. I believe he was married with a child at the time.

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u/apathyismysuperpower 14h ago

They're both on the far right, to be fair 

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u/Tokyogerman 21h ago

Tucker Carlson sadly still exists

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u/Bodmonriddlz 19h ago

Tucker Carlson is a massive POS but he’s massively more likeable Jesse waters

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u/chu42 14h ago

Carlson is actually has a sense of professionalism when he speaks so he can trick people into thinking he's the reasonable voice. Waters comes off as a pompous moron.

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u/OccasionBest7706 21h ago

My thoughts about him usually involve a Louisville slugger.

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u/brainchili 21h ago

I raise you Fled Cruz.

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u/simplethingsoflife 5h ago

You know he probably makes that face in the mirror and just stares at himself like that for hours while ignoring his family.

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u/cocaineorcoffee 22h ago

a face not even a mother can love

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u/DangerBay2015 20h ago

There’s a non-zero chance Mike Johnson loves his face, though.

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u/rsa1 18h ago

In the fantasy world that these guys live in, where does the $6T come from?

I'm guessing the answer will be some made up shit like "500 badoinks multiplied by 8352 trodybees" but still curious to know

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u/leons_getting_larger 14h ago

I mean, that’s only 4,176,000 badoink-trodybees.

For $1436.78 each. In this market? Yeah right. Keep dreaming, pal.

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u/rsa1 13h ago

That's normal math. You need to do bigly math for bigly results. Keep up, dude.

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u/CletusCanuck 13h ago edited 13h ago

The '$6 Trillion' number people are talking about is the value vaporized this week on the stock market... Is it that? Do they think that's 'winning' somehow?

Edit: Nevermind, he is referencing Peter Navarro who claims the tariffs will rake in $6 Trillion in revenue.

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u/OK_x86 12h ago

That math ain mathing. Total imports into the us in 2024 were 3.5T. You'd have to levy tariffs of 20% to rake in 6T in revenue from tarrifs in a decade. But that assumes imports stay the same, which goes against what they are claiming the tarrifs are supposed to do.

The other thing is that incone taxes in 2024 amounted to 2.4T. 20% on 3.5T is 700B, so a net shortfall of 1.7T. And they replace a semi progressive tax system with a regressive sakes tax, in effect, which will disproportionately impact low and middle wage earners.

This is so stupid

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u/narcolepticdoc 6h ago

Pete Navarro??

You mean the noted economist and genius Dr. Ron Vara…

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u/TheGreatStories 12h ago

And who do they think is getting this money? Because they can try and prove this and there won't be the 99% getting a dime if this was real money anyway. 

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u/gushi380 22h ago

A cop believing right wing propaganda?!

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u/Hour-Ad-9508 22h ago

He’s not even a cop and never has been, he just owns/runs “law enforcement today” for…some reason

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u/SlagginOff 16h ago

This is what we call a bootlicker.

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u/JuanPabloElSegundo 8h ago

Believing?

Look up his LI.

He's literally a propagandist himself.

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u/flyingdodo 22h ago

Owner of “Law Enforcement Today” doesn’t understand human transactional interactions. shocked pikachu face

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u/Ok_Recording_8720 21h ago

I know nothing about economics and this post will probably reveal this

Tarifs are payed by companies and ppl for importing from another country. If I understand correctly. So isn't it more like a "hidden" taxation of the ppl. As the money goes to the state? Basically sucking ppl dry?

As other countries do the same...not to the US...but ie to their own people and putting it in those states' pocket this can be considered a worldwide system filling the state chests.

As this also happend before WWII. It could be seen as filling the warchest. At the end of the day....the poor sods will be the ones fighting and dying by the millions soon. They won't need it anyway.

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u/motorcycle-manful541 17h ago
  1. you own a company in America but everything you sell is from China.
  2. Trump puts tariffs on all Chinese shipments of goods.
  3. You now pay those tariffs and raise your prices for the end consumer to cover the tariffs.
  4. some gov't agency ends up with tariff money.
  5. This money should be used to offset sales of businesses who were 'hurt' with lower sales quantities due to the higher prices they need.
  6. This money will not be used for that, and historically, using tariff money to 'make businesses whole' has NEVER been shown to convincingly work in an economic system
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u/perringaiden 16h ago

So isn't it more like a "hidden" taxation of the ppl.

You understand it better than the average Fox Entertainment viewer.

As this also happend before WWII.

It happened during the Great Depression with the result of driving the country deeper into debt. They weren't applying tariffs to build a war chest, because they didn't want to join the war.

The US in the 20s and 30s was an isolationist nation with heavy internal manufacturing, a low valued currency (compared to the Pound Sterling), and a massive protectionist system that they claimed would bring them success (it didn't).

After the war, 'new management' reversed most of that and US tariffs crashed down to under 10% on total imports by the 1950s, and has remained that low ever since...until now.

Simply put, anyone who knows anything, is aware that they'll get more tax revenue by encouraging trade, than by limiting it. The US is especially susceptible to this because after WW2, the government engaged in a massive strengthening of the US Dollar, to make it the reserve currency of the world, replacing the Pound. The goal was to make sure that the majority of countries didn't want to attack the US, because their own cash reserves would suffer, and it would allow the US to exercise "soft power" by controlling misbehaving countries access to international markets.

What Trump is doing, could be seen as a misguided attempt to crash the Dollar, to bring manufacturing back to the country. But that only works if they can export those goods because everyone inside the country will be too poor to afford them.

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u/Joker-Smurf 20h ago

He has to pay for the billionaires tax cuts somehow

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u/EndlessSnow 19h ago

Or and hear me out here...other countries and trade with each other at low cost and the US gets screwed...

Tariffs are country specifics so just because they tariff the US doesn't mean they can't trade with the rest of the world.

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u/ashkanahmadi 18h ago edited 16h ago

Yes. Tariffs are a tool to discourage the population from buying non-local products. Imagine you REALLY hate cleaning your room. Then you tell your parents “can we go to KFC tonight?” They don’t want to go and then know how much you hate cleaning your room so they respond with “we will go only if you clean your room”. Since you don’t wanna do that, you drop the whole thing and let it go.

It’s the same with tariffs. It’s a tool to help the local suppliers however it’s not 1850s anymore when nations lived in isolation and could self-sustain.

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u/imforsurenotadog 18h ago

Imagine you REALLY hate cleaning your mom.

Dr. Freud, paging Dr. Freud.

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u/ashkanahmadi 16h ago

Bwahahaha 😆 i shouldn’t comment anymore right after waking up 😪

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u/unskilledlaborperson 20h ago

Ok so let's set aside the fact that this is causing a 2nd great depression level decline in the stock market and going to destroy people jobs, business, and livelihood. If this were to play out perfectly we would pay exponentially more taxes now by putting a tax on basically everything we buy.... Then that tax money goes to the government just like any other tax... Then the government what... Gives a small percentage of people a much smaller tax break somewhere down the line on their income taxes? How the fuck does any of that make sense.

So we pay more taxes overall to eventually pay a tad less on income tax but probably not.

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u/Emperor_Neuro 13h ago

From my understanding, the wet dream here is that tariffs push the United States economy to refocus on domestic production by making it too expensive to buy anything made in another country. And meanwhile they’re going to remove income tax for… reasons which totally aren’t just rich people not wanting to pay tax. So then all of our production facilities get spooled up here, we no longer pay the tariffs, but then we also aren’t paying income tax… and now the federal government has no income and the country goes completely bankrupt.

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u/barney_trumpleton 16h ago

The economy needs fixing? The only thing wrong with the economy was high prices and stagnant wages. How is raising prices, reducing workers rights and giving tax breaks to billionaires fixing that?

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u/leons_getting_larger 14h ago

Trickle down, baby!

40th year is the charm!

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u/NecessaryCounter6902 14h ago

As someone who used to work in LE...I try really really hard not to take any advice from someone putting 'thinblueline' or 'lawenforcement' as hashtags. From experience, they are most often not fountains of wisdom.

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u/Ok-Abbreviations543 8h ago

Yes, secret weapon that presidents for the last 90 years refused to use for an unexplained reason.

But Trump, the very stable genius and advocate of hurricane nuking and bleach injecting was the one to figure it out?

What are the chances of that being the case?

Less than zero.

How poor do Americans have to get before we demand something less stupid?

This will be interesting

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u/CuckAdminsDkSuckers 18h ago

I got 10, SQUILLION TRILLION BILLION WILLYON committed to America so I win.

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u/Elderwastaken 21h ago

Well gee, committed huh? They just gonna at it too the balance?

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u/CookieMiester 20h ago

Everybody wants Sledgehammer Surgery till it’s their turn to get hit

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u/Seastep 14h ago

The best part of Lutnicks press tour this week was his argument that "We are getting our trade partners to play fair."

Like, motherfucker, do you know what a trade AGREEMENT is?

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u/NolanSyKinsley 19h ago

6 trillion over 10 years, and Trump's tax cuts for mega corporations and the ultra wealthy are expected to cost 7-9 trillion over the same time, GREAT JOB!

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u/Landed_port 13h ago

That's all from Saudi Arabia and is committed over the next decade

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u/OzzieGrey 6h ago

This is what happens when you don't pay attention in history class. Or information in history class isn't gone over tbh

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u/RegrettableBiscuit 5h ago

I wish Trump got committed.

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u/Glittering-Farmer724 1h ago

Yessiree - that’s what a degree from Haverford College gets you these days. Such brilliance! Such insight! Such bullshit! But he gives so much money to Haverford that the school administrators are all dropping their pants and bending over!

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u/SurpriseUnhappy2706 1h ago

Please expose the truth

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u/Lostintranslation390 1h ago

I should have expected their game plan to be 'just going to lie now'

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u/DanTheIEMan 10h ago

Step 1: Impose tariffs and claim they’ll raise $6 trillion in revenue.

Step 2: Americans experience even more inflation and are desperate for relief.

Step 3: Roll out $6 trillion in tax cuts as “economic relief”

Step 4: Wealthy get richer at literal expense of poorer Americans paying tariffs.

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u/Reiquaz 9h ago

Lutnick is a CON man

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u/PhishPhox 22h ago

I think they forgot 3-6 zeroes!!

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u/oddun 20h ago

That guy is named after John Connors real dad I guess.

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u/Snoo_96430 14h ago

Is everyone working for Trump just another Baghdad Bob.

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u/Carrot-Proof 11h ago

So why do countries have tariffs against the United States if they don’t work?

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u/Anastasiasmaster 9h ago

Please look at 1890,1912 and 1930. See how well it turned out those times....then get back to us.

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u/Ther3isn0try 10h ago

My guy, no one is saying tariffs don’t have a place in trade. They do, when you use them surgically to prop up a specific industry that your country has a robust market for. Using them as a negotiating tool or as, god forbid, an income source is insane and has historically never worked out well for the country placing them.

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u/0vert0ad 19h ago

America does not have economics 101. The last thing it wants is to teach it's citizens to not be mindless consumers.

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u/diamondtippedheart 11h ago

Why do hashtags now have nothing to do with posts? Sorry, I know it's not the whole point, but kind of hammers home the stupidity part....

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u/justthenighttonight 10h ago

He's giving everyone a pet unicorn too.

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u/scarydan365 10h ago

Wow this timeline’s Kyle Rese is rubbish. We’re screwed when Skynet turns up.

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u/disgusting-brother 9h ago

“Repost and expose the truth!” You got to be a special kind of idiot to still be falling for news that presents itself that way.

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u/subeewrx 8h ago

The ONLY thing that drives the economy is Consumer Spending. Econ 101. NOT tax cuts for the rich, NOT deregulation of industry, and NOT investment banking. 🖕

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u/OGchickenwarrior 8h ago

If these tariffs work, there’s no truth that needs to be exposed, no? Won’t everything and the way things are trending be quite obvious by this time next year?

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u/youthzero 8h ago

Show me the money. 

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u/getchpdx 8h ago

What is happening with the hash tags?

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u/Icy_Post800 8h ago

I think he’s purposely trying to get the US into a state of chaos so he can declare martial law and try to stay in office for as long as he wants. When I see this administration all I can think of is that movie Civil War with Kirsten Dunst.

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u/randomguy_- 8h ago

wow a whole 6 gajillion trillion dollars

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u/RepresentativeValue9 8h ago

Omg this fucking guy. He’s such a loser.

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u/shivo33 7h ago

We are living in Don’t Look Up

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u/flipyflop9 7h ago

Wtf means committed to America even mean?

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u/Cbona 7h ago

Yea, the $6 Trillion dollars that this adds on as taxes to the American public over the next 10 years if kept in place.

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u/FederalMonitor8187 6h ago

Yall just need to stop complaining. Take the beating like men.

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u/shottylaw 6h ago

What's with the hashtags? Really just trying to rally support in any way, huh?

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u/thatkindofparty 4h ago

I reported his account as an extremist or terrorist organization

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u/jebushu 4h ago

This Kyle Reyes guy is a dumpster fire of barely literate vitriol to anybody that’s not further right than he is. One time he tried to berate me simply because my profile showed that I work in a liberal city. He does not, in fact, back the blue lol

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u/PUSSY_MEETS_CHAINWAX 4h ago

I think what's most amazing to Trump supporters is that they don't ask themselves a very simple question: if it really made as much sense as they claim it does, wouldn't it have been used for decades now?

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u/boyracer93 3h ago

I fucking HATE that he spelled “whoa” correctly

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u/ProcessWorking8254 2h ago

Whoever said intelligence is a prerequisite to become President? Or an economist for that matter? You can switch the weathermen and the economists and literally no one would know the difference😂