Yes. What I find amazing is that as soon as Trump started talking about tariffs the left overnight became experts on what tariffs do to the economy. At the same time they are still clueless on what taxes do to the economy.
The answer is both do the exact same thing. Increase taxes take more money away from people and they have to cut back on their spending which has a ripple effect on the economy and times get rougher. The only one who benefits is the government. Tariffs do exactly the same thing. The only difference is the tax is contained in the price of all imported goods.
I understand what Trump is trying to do with tariffs but in the mean time it makes the cost of imported good to increase. Even if something is made in the US it is typically made of imported parts, mostly from China.
Trump's plan is a long term plan. The idea is to equalize the cost of imported goods with American manufacturing. If American manufacturing can complete with China then it will build American manufacturing back up which will create more jobs, higher paying jobs.
What really sucks is he had to do this after Biden so horribly devalued our dollar. Biden left us with horrible inflation. Tariffs just makes it harder to put food on the table after Biden's nightmare. In the long term, if Trump can ever get any of his tariffs passed, then America will be stronger.
Why it hurts so much is 99% of everything sold in America, except for food, comes from China. That is not an exact percentage but it is in the ball park.
Going back into the history of this nation, prior to 1913 there was no permanent income tax in America. The government financed itself from tariffs. We did have an income tax for a short period of time right after the civil war.
The difference between America prior to 1913 and now is that we had a very strong manufacturing base. We made everything. The only things that were imported was stuff like French wine and cheeses and it was only the rich who could afford to import those goods.
Unfortunately since Nixon, China has increasing taken nearly all manufacturing that the US once did. We simply just cannot compete with China.
The birth rates are falling because they are having much fewer children in addition to murdering their unborn children.
This is why it is mandatory that they corrupt college students and import illegal aliens just to make them vote Democrat. If they didn't then the Democrat party would just fizzle out.
They might fizzle out anyway because after Trump they forgot what they used to stand for. They can't use Trump hate in 2028 because Trump will not be running for president. All they have to offer is transing your children behind your backs, allowing men to complete in women's sports, letting men in women's public showers, locker rooms and bathrooms, and forcing people to use made up pronouns. None of is what the majority of Americans want, including Democrats.
It's just like after Obama severely damaged the economy he tried to tell us that this the "new economy". Then Trump got elected and showed Obama he was full of crap.
It is a disgrace that college graduates think socialism is wonderful but have no clue what America is all about.
College professors who teach Marxism should be fired on the spot and never allowed to ever teach again.
Socialism, communism, fascism and Nazism are all an authoritarian death cult and has no place in a civilized society.
It is sad how many people in this country think socialism is the superior economic/governmental system. What is even sadder is you just cannot talk them out of their delusion. You show them example and example and they think that everyone else did it wrong. Just how stupid can they be. It is not a matter of anyone doing socialism wrong, it is a matter of socialism BEING wrong.
The left is all about stealing money from the rich. The leftists take pride is stealing the rich people's money because then it doesn't affect them. What they just don't seem to get is that rich people are the business owners. The less money a business or business owner is allowed to keep the fewer businesses. The few businesses the fewer jobs.
If you think stealing from the rich is a virtue then good luck finding a job after the rich are all taxed out. Government jobs are not productive jobs. They do not produce wealth they destroy it. And that is why socialism, communism, fascism and Nazism will never ever work.
The only reason why China is afloat is because they are using capitalism to fund the government. They make their citizens into slaves just to make and sell products all over the world, especially the United States. They get a ton of money flowing into China. As long as China can undercut the rest of the world in the price of their products they will have a positive cash flow. China helps North Korea stay afloat otherwise North Korea would have collapsed decades ago.
Capitalism produces wealth for everyone, not just the rich. The more wealth the more prosperity. The more prosperity the better everyone's lives are.
