4
u/Aggravating_Law_1335 23h ago
his supporters are in denial always have been only idiots dont change their minds
→ More replies (14)1
u/Just-Diamond-1938 8h ago
I don't believe that would be the base of everything... if we think logically we want some Republican idea and some democratic idea but some of our wish or opposing each other. It should be a wise decision made somewhere and following the rules which is benefit for most. unfortunately our system depends on building with the two major party. There are many side information also activities which help you to get confused... hopefully we are growing what I mean growing up mentally like an adult and do better for our future... I still believe global warming is the one going to step in' Once it's too hot there would be no choices except one: Survive
2
u/Booty4lunch 13h ago
Everyone tariffs us.
5
u/IronSavage3 8h ago
Because we are the wealthiest society on Earth and they want their smaller industries to be able to compete inside their own country. We tariffed European cars at a lower rate than Europeans tariffed American cars at (2.5% compared to 10%) because the American auto market can afford to do so. It’s a sign of success, not getting ripped off.
1
u/Good_Time5214 5h ago
but i thought the argument was that the importing country pays the tariffs and it only hurts the economy. but if our industry can “afford” it…that doesn’t make sense.
1
1
1
1
1
1
u/warbear69 20h ago
Always buy gold when you can. Not stocks or stuff you don’t need. Become recession proof and buy gold
1
u/Unintended_Sausage 20h ago
Check out his Oprah interview from 40 years ago. He’s not fucking around. He truly believes in this.
1
u/boylong15 19h ago
I saw right winger said all of these stock going down is just 1 and 0s. Doesnt cost people anything. LoL. They are telling you to stop trusting your own eyes. Literally said your money is not even money. Haha. Its the cult
1
u/Ok_Fig705 17h ago
Americans are financially illiterate do you honestly think they understand tariffs and everyone does them but us....
Wonder why BRICS isn't being talked about....
1
1
1
1
u/Zealousideal_Option8 13h ago
Let’s put this in perspective. If you don’t like what the current President is doing, then you have to be happy with:
$36 Trillion in debt,
not producing anything (being a consumer economy),
wasteful government spending,
paying for European defense while they enjoy socialized healthcare,
supporting the military industrial complex (more wasteful spending)
job markets where Starbucks is a career,
rampant unchecked immigration including gangs, etc…
I am not ok with the way America has been run. If we keep down the same bureaucratic path then America is doomed, again $36 trillion in debt. We know that the tariffs will cause a spike in inflation while companies are build factories here. And they will build here. Many have already announced it. Even Rolls Royce. So, continue bitching about Trump and accept the problems of the past or try something different. I am ready for something different.
1
u/No_Peace9744 6h ago
This is entirely disconnected from reality.
Is your argument really ‘if you don’t agree that haphazardly slapping tariffs on desolate unpopulated islands then you have to support bad economic practices’?
Just because people don’t support tariff policy being written by AI doesn’t mean they have to support what you’re saying. That’s a really dumb argument.
Also, ain’t no factories coming back. We will slip into recession and businesses will contract, not invest. Again…just so so dumb and it’s hilarious lol
1
u/person1234_ 13h ago
Reciprocal tariffs is a lie… it’s based on trade deficits and doesn’t even factor in population size or economic scales…how are other countries going to negotiate that? Trump has economically imposed trade sanctions on the US.. the same way we punish Russia with trade sanctions.. it’s like he actually works for Russia
1
13h ago
Idk anyone that said he wouldn’t put tariffs. He said that on his campaign trail. And considering chinas 60% tariff on us and 40% on them is not reciprocal in my book. He’s essentially doing what he promised.
1
u/improperbehavior333 12h ago
Then what he promised is stupid, and people were stupid to vote for it.
1
12h ago
Other countries have put high tariffs on us way before and nobody bats an eye.
1
u/improperbehavior333 12h ago
This isn't even close to the same. Not even in the same universe.
This is like shooting someone because they called you names.
If you think this is proportional, sane, or anywhere in the realm if normal you need to read some books.
1
12h ago
How is imposing tariffs on other countries any different from what they impose on us? The U.S. is already trillions of dollars in debt, and to dismiss tariffs so casually seems overly simplistic. Elevated prices have been a consistent issue since the onset of the pandemic and throughout the last administration. We may have differing perspectives, and that’s fine but to suggest that tariffs are somehow catastrophic based solely on a single data point or trend line seems like an overstatement.
1
u/No_Peace9744 6h ago
The difference is they didn’t tank their economy with tariffs like we just did hahahahaha
1
1
1
u/Affectionate_Put_185 12h ago
They know he sucks. They just don’t want to admit they are wrong. They are just as petty as he is.
1
u/NovelPrice6133 12h ago
If this was your thought process you are a clown. Anyone that actually supports trump knew these tariffs were coming we knew they’d have an immediate negative impact on the economy but much like the Reagan tariffs in the 80’s 12-18 months from now we expect the economy to be in a position it’s never been in and the United States will be in its new golden age. Might not even take that long this time. Hopefully your guys heads don’t fly off your shoulders so you’re here to enjoy it
1
1
1
u/Appropriate_Ear6101 11h ago
Trump's tariffs aren't for America's benefit. What he's doing is damaging entire industries to secure promises of loyalty to him and his family. Once he gets those assurances he carves out a specific exception so that companies not loyal to him are destroyed. It has nothing to do with what's good for America. He's creating a dictatorship.
1
u/Cpt_Advil 11h ago
You all are too stupid to understand that this is economic nationalism and isolationism, core tenants of fascist economic policy. It has never worked in our history and it won’t work now. Blind obedience and ignorant optimism doesn’t change reality, no matter how much you want it to
1
u/ExaminationNarrow404 11h ago
Billionaires historically increase their wealth during and after recessions. They don’t care if the economy collapses
https://www.forbes.com/sites/teresaghilarducci/2020/05/25/who-wins-in-recessions-the-rich-and-lucky/
1
u/jarreyxbox 11h ago
Anyone who actually voted for Trump and listened to him, knew this was coming a long time ago. He ran on it. You are all the clowns for posting these things
1
1
u/Only_Witness_2073 11h ago
I still believe that Joe is lucid as ever, the border was secure for the past 4 years, and Kamala was my choice. Bahaha
1
u/DavidSpade86 10h ago
Other countries have put tariffs on the United States for years and years and now that we're doing it, we're the bad guys.
1
1
1
u/PresidentEnronMusk 10h ago
Then: “The new world order is trying to do a great reset. Be afraid.”
Now: “Let me tell you why in the past few days I have decided a great reset is actually good.”
1
1
u/ccdude14 10h ago
Calling inflation patriotic after spending the last 4 years bemoaning the last administration who was doing everything it could to bring it down and taper it off rather successfully will never not cease to amaze me.
Assuming we even survive as a species historians are going to study this period of time for centuries to come. Its not even just hypocrisy at this point, it needs a new word.
1
1
1
1
u/wakcedout 10h ago
So essentially you want to see America fail for reasons. And if tariffs are soooo bad for an economy….then seems like European economies never got that memo with the tariffs they impose on America, or Canada or Japan, or anyone we have done trade with for the past 50 fucking years.
Or maybe..just maybe you’re the clown being dumb as shit.
1
u/BrilliantJury5937 10h ago
It’s about fair trade not free trade
1
u/Minute-Object 9h ago
1
u/BrilliantJury5937 8h ago
Oh it’s on cnn, must be true 🤡
1
u/Minute-Object 8h ago
Come on now. It’s Jim Cramer, who previously said what you say. It doesn’t matter where he says it. The points are good points.
1
u/This-Worth1478 6h ago
If I pretend it's not real, Trump is right, lol. You're all ficking children.
1
u/DeepCalligrapher5570 10h ago
Yes, because as usual, we can see the full results of presidential choices less than five days after their implemented….
Does it hurt being this retarded or are you just paid well enough to post this shit without your conscience?
1
u/smauglair 10h ago
The majority of countries heavily tariff us. If they don’t want our tariffs, they can stop and we’ll have free trade. Their choice. But we’re not their doormat anymore.
1
u/scotcetera 10h ago
So even if that were true, are you saying Donald wants us all to suffer so that he doesn’t feel like a doormat anymore? That’s actually really despicable, making people suffer just for his ego and feelings
1
u/Minute-Object 9h ago
If only that were accurate.
https://m.youtube.com/watch?v=xLNdq907dfI&pp=ygUbamltIGNyYW1lciBvbiB0YXJpZmZzIHdyb25n
1
1
u/Own_Engineer_8983 9h ago
Most of the Presidents supporters knew he would. This is not a suprise. The scale is shocking and impressive, but everyone knew he would.
It's well overdue and has a much better chance of success than not doing it.
The Democrats supported tarrifs right until now. It's just more liberal BS. Russian collusion, 51 intelligence officials, insurrection, etc. Wake up and think for yourself.
Why would EVERY country but us do this if it was a bad idea? Yeah, they wouldn't.
1
u/No_Peace9744 6h ago
Lol trump put tariffs on unpopulated islands but not Russia hahahaha he’s so stupid he doesn’t know what he’s doing
1
u/FalseFlamingo6 9h ago
If tariffs are so bad why are so many positioned against us? Why are people so short sighted?
1
1
u/chothar 9h ago
why do you think all these nations and companies are announcing new investments in America to the tune of $5 trillion? to avoid the tariffs! Do you know that much money will create 500,000 direct jobs and that those will create 1 million more indirectly? and oh yeah all those jobs are gonna go to Americans because we've shut off the flow of illegals at the border to a mere trickle
1
u/Vikings_Pain 9h ago
I think you forgot the crash of the stock markets and economy with the last president
1
u/Resident_Amphibian_4 8h ago
Broooo no politician will be good no matter what they do they will do bad stuff! Yeah obama did lot of things but also cleaned up the mess that bush left behind handed trump an amazing economy then trump goes and fucks it up! Biden came in fucked up in some aspects but it was actually starting to pick up that’s when trump decided to come in and now look in the mess we’re in.. most people voted him in out of ignorance and hatred.. he divided the country now neighbors won’t speak if they have different political views! All Hispanics are seen as illegal even if we were born here! Even black people are racists towards us knowing damn well they’re not liked by most whites and whites don’t like each other anymore because they despise “libs” and “dems” when you got Christian churches talking about democrats are the devil you know we’re doomed! That man came to unleash hatred and poverty.. while he presumes to be the smartest man on earth he’s hated by the whole world people suffering and all he cares is about gulf..
1
1
u/Life_Recognition7210 8h ago
They’re here until he’s gone folks. A tactic to make the rich , richer and the rest of us poorer. He’s scum.
1
u/PracticeWeary4062 8h ago
Gotta love the delusional mindset of a democrat. I’m grateful I’m not stupid enough to be one
1
u/Dannymac2823 8h ago
The facts are no country should be have tariffs on American goods sold overseas or across our borders and they do and have for years we allowed it for unknown reasons. We also are forced to be the worlds police force at extremely high cost. We should have reciprocal tariffs on the exact amount other countries impose on our goods. If you disagree and think we should let other countries bend us over you are a traitor to America. Fair trade shouldn’t be a political talking point. It the right thing to have.
1
u/Live_Difference1914 8h ago
Stay tuned libs. Stay tuned.
1
u/Key-Candidate1165 6h ago
For what?! When you’ve said that about myriad things over the last 10 years, NOTHING HAPPENS
1
u/Exciting_Feeling2876 7h ago
Here’s a few more:
Project 2025 won’t really be his agenda. That’s just some radical bullshit.
He won’t really pardon all those people who took part in a violent insurrection.
He won’t really send the illegal aliens to concentration camps in other countries without due process.
He’s going to lower the cost of living for working class Americans on day one.
The President of the United States would never take part in a crypto pump and dump scheme.
He’s going to put the most qualified people possible in his cabinet.
1
u/Honeybell001 7h ago
Never thought I'd see so many republicans desperate to lick the boot of a politician. It's bizarre.
1
1
u/AdLegitimate1683 7h ago
2022 markets down >25%, crickets. 2025 markets down by 11%, Trump Trump Trump. Yeah, y'all are clowns.
1
u/ScatterSenboneZakura 6h ago
So, it's okay for every other country to impose tariffs on goods imported from America, almost all of which can offer their citizens free healthcare, by the way, but it's somehow bad for America to impose tariffs, that can't afford to offer free healthcare, on those same countries? Make that make sense. The only clowns are you idiot leftists
1
u/Tofu-theCreator 6h ago
Can you explain to me who pays the cost for the tariffs?
1
u/ScatterSenboneZakura 3h ago
That's not the question. The question is why all other countries have tariffs, but we don't!
1
1
u/Internal-Syrup-5064 6h ago
I mean, it was Tuesday. The clown is the person who thinks they've seen the end result
1
1
1
1
1
1
u/TheSaltyseal90 6h ago
Centrists, moderates, non voters, and single issue voters have been dead silent after the election.
Almost like their tiny brains finally made them realize that both parties aren’t the same and they helped create this mess by being moronic middle men.
1
1
u/Ambitious_Ad_7599 6h ago
This country ran off of tariffs for years. The only reason why people are scared is because the MSM is telling them that it's just one more bad thing the the mean orange man is doing.
1
u/StarmanofOrion 6h ago
uhh, yeah, about htat. America has had tariffs for ages, even democrat presidents had elevated, signed off on them, so its nothing new, your just being gullible
1
1
u/Lawk_JawTV 5h ago
Yeah it’s gonna be fine. A bunch of regards on Reddit with zero economic experience shouldn’t be panicking. What do you expect though.
1
1
1
u/Royal_Warthog_9825 5h ago
https://www.axios.com/2025/04/05/musk-trump-tariffs-navarro-tesla
All smoke and mirrors, guys. Libs are going to lib. 30 days of hell or less just to have tarrifs removed by all countries. Reciprocal / cut our tarrifs to 0, and we will do the same. Interest rates will go lower, and they will call this a win.
Let libs have their moment. If you're not buying stock right now, you're crazy or stay poor. Whichever. A third of Trump's net worth is in stocks. I'm a conservative, and I would be the first to admit he's a narcissist. That being said, he will choose monetary success over anything else. Calls, calls, calls.
1
u/twisterspotter1984 4h ago
This is your own heros saying what trump is doing. Only difference is he's actually doing something about it. Do-Nothing Democrats is why y'all lost in the first place. All talk no action.
https://www.facebook.com/share/v/1BW7DLmB1c/?mibextid=D5vuiz
1
u/Open-Adeptness6710 4h ago
Democrats want us to forget about the complete disaster the last 4 years were.
1
1
u/Small-Neck7702 4h ago
Nobody said he wouldn’t put Tariffs on once they were announced. Why wouldn’t you want to put America first? What’s funny is if Biden did this you’d all be cheering him on for putting the US ahead of other countries.
1
u/Tigeruppercut1889 4h ago
I’ll never know if my maga friends made it to the last one. They either stopped engaging or bailed from our text groups. I’ll have to assume they put on the red nose based on their unconditional loyalty to trump the last 8 years
1
1
1
1
u/No_Communication4868 3h ago
Typical socialist phucks. Big Taco Bell wage earners with spray painted hair and metal faces. No work ethic or initiative. They are the entitled and expect handouts. If their wittle feelings are hurt they'll lash out and scratch your car. Real Americans. The kind that can handle pressure when the chips are down. Said no one.
1
1
u/Regular_Lifeguard718 3h ago
If tariffs don’t work, then why does every other country in the world have tariffs on the US? This is coming from the same idiots that say walls don’t work when they have walls around their gated communities that they live in.
1
u/InformalResource9918 2h ago
You losers will see. We are done being clowned on by other nations taking our money and then bitching when we take it away.
1
u/chukthunder 2h ago
Trump is responding to existing tariffs with a 25% tariff. If you're lying about that now what will you do when he announces matching ones? How will you feel when Trump plants a 120% tariff on one of your favorite protected imports because their nation has levied them on US goods for more than a century?
1
u/Jasonam1811 2h ago
I think you guys are missing the point. We will be at war with China before end of this year.
1
u/DebateActual4382 2h ago
This isn’t a clown moment they already believed the last one and were slow cooking the frog what can I say the left has their envy the right has theirs.
1
1
1
u/beam_meup_scottie 2h ago
First yall were complaining that Trump is only looking out for his wealthy people , those wealthy people lost 3T. Are yall just bored ?
1
1
u/bigstupidsillyhead 1h ago
XD how silly are you going to feel when you realize he was right the whole time
1
1
1
u/Creative_Law_7440 56m ago
So you agree that other countries can rip us off and we can’t just ask for equality??? Makeup is on you.
1
u/DimensionRich6643 54m ago
Please explain how other counties placing tariffs on US goods and the US putting zero tariffs on their goods is beneficial for the US. I’ll wait
1
u/Feycromancer 51m ago
Adding this to my extensive "that aged well" meme folder.
I'll put it somewhere between "Biden is perfectly competent" and "Trump did this -> eggs"
1
u/Virtual-One-5660 45m ago
Every politician has supported tariffs, YOUR politicians are against it right now because THEY aren't in the majority.
Trust me, they'll raise tariffs quietly when they get the majority
1
1
u/sokrox111 22m ago
Trade between the US & other countries have been unfair for decades, so people are used to it. US products not being allowed in other countries while the US allows products here is what people are used to. China & Japan have been hosing the US for decades, & people are used to it. So when fair trade is mentioned people complain, bcuz they aren't used to it.
1
u/True-Maximum611 19m ago
Vietnam — Following the announcement of a nearly 50 percent tariff on their imports, Vietnam has immediately entered negotiations with the White House.
President Trump reported a “very productive call” with Vietnam’s Communist Party General Secretary To Lam, during which Lam expressed a willingness to reduce tariffs to zero contingent on the signing of a free trade agreement.
India — India has initiated discussions with the U.S. to address the trade barriers.
Officials are reportedly exploring the possibility of reducing or eliminating tariffs on certain U.S. imports and increasing purchases of American goods.
Israel — Israel wants to negotiate terms and potentially secure exemptions or reductions and has already agreed to scrap all its tariffs on U.S. imports. Prime Minister Netanyahu will further discuss the issue with Trump on Monday.
European Union (27 countries) — The EU has proposed lowering car tariffs and increasing purchases of U.S. energy and military equipment in an effort to negotiate exemptions and reductions.
Trump has long complained about the EU’s unwilligness to buy American cars.
Japan — Japan has signaled a willingness to negotiate by pledging increased imports of U.S. liquefied natural gas (LNG) and investments in artificial intelligence.
South Korea — South Korea is looking at possible trade concessions that would involve leveraging strategic sectors like semiconductors to reach a favorable agreement.
Thailand — Facing the prospect of billions in losses, the Thai government is planning to increase imports from the U.S. and reduce tariffs on American products to address the trade imbalance.
According to various global reports.
🇺🇸🇺🇸🇺🇸Great Again🇺🇸🇺🇸🇺🇸
1
1
u/Sure-Thought3777 20h ago
The average person just doesn't give a fuck the cost of everything is increasing day after day for years now the majority of them don't own any stocks so why would they care about the stock market oh no the price of everything is going to go up again like it was going to for 30 other reasons before the tariffs at least now other people get to experience that pain because years of struggling to get by tends to make people spiteful
3
u/IronSavage3 8h ago
This is like the dumbest most vindictive way to look at a national economy. Really stunning logic.
1
u/JRodriguez81 1h ago
No, what’s a dumb and vindictive aspect was even putting this man back in office.
So yeah, everyone gets to feel this pain. Thoughts and prayers.
1
u/TrashGoblinH 3h ago
The stock market isn't just about stocks and wealth. It ties to investor behavior. If investors are scared, that means jobs are gonna start tanking.
→ More replies (16)1
u/oakpitt 2h ago
They THINK they don't own any stocks. How many of them have 401K accounts or IRAs? Those are very sensitive to the market. Many of them just lost 10% of their accounts in 2 days. But you will see the vast majority of Trumpers think everything is wonderful and their big brother will lead them back to when America was great.
I wonder how many of them are federal workers who lost their jobs or veterans who are in the process of losing some of their benefits or poor people losing their financial assistance. How many have loved ones in nursing homes paid for by Medicaid. You get the picture.
1
u/Jmsjss2912 1d ago
Let’s talk about the tariffs and the effects it has on the manufacturers of this country. Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company. Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trump‘s logic is about as efficient as his spray tan. If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so who’s going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great? Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because they’ve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing. Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated. All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. It’s such a joke that they used it in the movie Ferris Bueller‘s Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work. With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldn’t make the equipment in the United States, but we were going to import it and set up manufacturing plants. One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire. The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so it’s not just a tariff in my situation it’s the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating. So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class. Do you want to bring manufacturing back to the United States? You’ve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades. You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again. The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax. Take Musk for an example from Tesla. They talk about his $300 billion worth but it’s all in stock and that’s unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all. And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes. $300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck. Just look salaries up of the top executives around the country and you look at their income, you’ll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing. you want to fix the economy. You have to find a way to tax the rich, you’re not going to make them poor, you’re just going to make them help to strengthen the economy.
1
u/onegun66 19h ago
Can we get a TL,DR on this or nah?
1
u/Jmsjss2912 15h ago
Let’s talk about the tariffs and the effects it has on the manufacturers of this country.
Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company.
Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trump‘s logic is about as efficient as his spray tan.
If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so who’s going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great?
Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because they’ve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing.
Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated.
All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. It’s such a joke that they used it in the movie Ferris Bueller‘s Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work.
With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldn’t make the equipment in the United States, but we were going to import it and set up manufacturing plants.
One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire.
The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so it’s not just a tariff in my situation it’s the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating.
So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class.
Do you want to bring manufacturing back to the United States?
You’ve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades.
You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again.
The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax.
Take Musk for an example from Tesla.
They talk about his $300 billion worth but it’s all in stock and that’s unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all.
And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes.
$300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck.
Just look salaries up of the top executives around the country and you look at their income, you’ll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing.
you want to fix the economy. You have to find a way to tax the rich, you’re not going to make them poor, you’re just going to make them help to strengthen the economy.
1
u/Key-Candidate1165 7h ago
too much
1
u/Jmsjss2912 6h ago
Let’s talk about the tariffs and the effects it has on the manufacturers of this country.
Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company.
Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trump‘s logic is about as efficient as his spray tan.
If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so who’s going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great?
Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because they’ve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing.
Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated.
All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. It’s such a joke that they used it in the movie Ferris Bueller‘s Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work.
With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldn’t make the equipment in the United States, but we were going to import it and set up manufacturing plants.
One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire.
The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so it’s not just a tariff in my situation it’s the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating.
So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class.
Do you want to bring manufacturing back to the United States?
You’ve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades.
You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again.
The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax.
Take Musk for an example from Tesla.
They talk about his $300 billion worth but it’s all in stock and that’s unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all.
And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes.
$300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck.
Just look salaries up of the top executives around the country and you look at their income, you’ll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing.
you want to fix the economy. You have to find a way to tax the rich, you’re not going to make them poor, you’re just going to make them help to strengthen the economy.
I almost forgot, tariffs funds go directly to the administration for spending (trump and his team), whereas taxes go through congress for spending.
1
u/Key-Candidate1165 6h ago
Ahhh. Thank you for chopping the comment up. That was easy to follow for a simpleton like me 😄. I appreciate you breaking down the manufacturing quandary. This discussion seems so dated. Through the years we have already worked through the math and found what works. Why take us backwards? What an utterly moronic move.
IDK why I did not realize the (non)tax implications for borrowed money.
1
u/clarkstongoldens 1d ago
LITERAL WALL OF TEXT
5
u/Unintended_Sausage 20h ago
This is why paragraphs exist.
1
u/Appropriate_Ear6101 11h ago
That guy posted all of that golden information and all you could respond with was a dumbass comment about paragraphs? Did you even read it?
1
u/Unintended_Sausage 9h ago
No. Because it’s not readable.
1
u/Appropriate_Ear6101 9h ago
And yet I managed to read it anyway.
1
u/Key-Candidate1165 7h ago
As with everything, presentation is important. Yes. Good information in that text; delivered with a serial killer’s formatting flair😂
1
u/Appropriate_Ear6101 11h ago
Literally a beautiful bevy of information. READ IT! More Americans need to understand that they are being screwed by the tax code that allows the very wealthy to avoid paying taxes. They have infinite tax deferrals through section 1031 of the IRS Code for LLC's. They get paid in stock options that aren't considered income but get to borrow against these stock options and live off that money tax free because that's also not income. And because they operate not as people but as an LLC they can default on their loans and claim bankruptcy protection. Or just let that LLC fold and start a new one. Transfer all their holdings over (all legal with the tax code) and keep on trucking while taxpayers for the bill for the default and all the citizens pay through the nose on insurance to cover the losses. Trump has declared bankruptcy multiple times and stuck us with the bill! READ WALLS OF TEXTS!!!
1
u/buffalohunter12 13h ago
You people are stupid!!! He ran on tariffs and 77+ million people voted for it!! So sit back and enjoy the next four years
2
u/Waste_Return2206 11h ago
77+ million also voted against it. A lot of us didn’t want this shit.
→ More replies (2)2
u/sexland69 11h ago
he ran on reciprocal tariffs, which he did not do whatsoever. he manufactured percentages based on imports vs exports and labeled it as a tariff
we tariffed countries that have no tariffs on us, and we tariffed countries that do not even have an economy
2
u/IronSavage3 8h ago
He did not run on the tariffs he implemented though and the logic behind the current tariffs is just pure nonsense. He ran on 10%-20% across the board and 60%-100% on China. Why are we tariffing a nation like Vietnam at 43%? Why are we tariffing Switzerland and 34%?
→ More replies (1)1
0
u/boxnix 1d ago
Tell me you have never met a Trump supporter irl without telling me... This is going to cost me a lot of Karma but fuck it. We absolutely knew he was going to do this and voted for it on purpose. He was very clear, so was Elon. Downvote away bots.
2
u/ProfessionalPay5892 17h ago
Did you know he was going to make up random tariff percentages on countries that don’t tariff the US?
2
→ More replies (17)1
1
u/International-Log904 15h ago
Spot on boxnix. We have four issues to solve: extremely low domestic manufacturing of basic/critical items, wildly imbalanced trade deficit due to other countries tariffs/trade practices, high defense spending protecting NATO by ourselves, and an obscene debt crises. Tariffs knock out all four (its leverage to get NATO to meet defense agreements), preventing a much much worse outcome of the US defaulting and/or getting into a war with China and having our trade cut off. Don’t let these Chinese and Russian trolls get you down.
→ More replies (2)1
u/Syltraul 13h ago
So he ran a campaign entirely based on lowering prices and getting rid of inflation, but you knew he was going to do the complete opposite and you still voted for him? That's not making your case any better.
→ More replies (7)1
u/Boomshank 13h ago
And he denied it every single step of the way because... he was afraid the left would find out?
→ More replies (2)1
1
u/Indespectamentations 3h ago
Keep telling yourself everyone who doesn't agree with you is a bot and not real. Your fragile ego will thank you for it. ; )
→ More replies (1)
11
u/j_rooker 1d ago
my coworkers flat out said, inflation will be ok since it's short term. They're so sure