I tried to explain tariffs to my coworker who voted for him & she tells me I'm watching too much democrat news. I'm like "What ?!?!"... I asked her do you even know what his policies are ?!... She sends me a video. LMAO !! When you realize how many not so bright ppl are in this country... Take advantage of that cause there's nowhere else but up for you.
@@rogergeyer9851you probably voted for trump because you didnt want a woman in power now you tight 😂😂😂 n trying to blame a ppl who the majority cant even vote because they aren’t legal lmaoo cope sis
@@midwesternoutdoorsandnatur8272it’s the truth. Just wait. Hope you don’t like fresh foods because you won’t be able to afford it. Start loving processed foods. It’s all you will be able to afford. Or you can go and pick the foods grown in America! If you pick it, they will sell it to the country. Wheee is your heart?
@@midwesternoutdoorsandnatur8272 That's what past history tells us. With the previous Trump tax cuts, the first thing the majority of companies did was stock buy backs, making themselves even more wealthy. Very few gave raises to their employees
Of course they do! It's the way it goes. They've gotta make more than last year at OUR expense. We are all just bending over and waiting our turns now.
And they don't pass any of it down to the workers, hire more, etc. Most just do stock buybacks to make their company look better for more profit for them to pocket. Take Walmart for example, a lot of their employees were kept under the full time hours needed for a lot of the benefits, and relying on the government (be it state or federal) to supplement their income with food stamps, medicaid, using the local police as their security, etc. (at least they did in the past, not sure if this practice is still be implemented or not). Even though their profits are $100 billion plus each year, do you think that giving them a tax cut will help the employees out? Trumplicans probably think it will. I've been recently saying that MAGAts will claim I have TDS (Trump Derangement Syndrome), well if seeing through his b.s. and understanding some of the things he said he was going to do will effect us negatively is having TDS, then I have TDS.
Yup. People who think big business will help them are in la-la land. And the MAGA people who believe things will improve for them are about as bright as a bag of doorknobs.
I’m just Glad Trumps Back so he can add another 8 Trillion to the National Debt . He’s good at Business. Only Declared Bankruptcy 6 times . Great Move America
He drove a casino into the ground 😂 my husband works in the industry and let me tell you… that says A LOT about Trumps ability to conduct “good” business 😂
You have this incorrect. In his first term, the majority of the $8 Trillion happened in the last 2 years. He now has 4 years to really wreck the deficit. I am expecting it to grow another $ 12-13 Trillion during his next 4 years.
Good Lord, people. TARIFFS WILL NOT HURT OTHER COUNTRIES. They will come out of YOUR pocket; tax on tropical fruit, coffee, iPads and Apple Watches, on car parts, on tires, on maple syrup, and pretty much every other product you buy will DIRECTLY hurt you, the consumer. Also, those businesses? The ones you think will be 'protected' and 'build American?' - the semi-conductor ships in your Ford Gas Guzzler 6000 will go up, as will the steel, plastic, glass, aluminum, and hundreds of other materials used to make cars, planes, t-shirts, and roof shingles. And your DELUSIONAL if you think that companies are going to take those tax breaks to 'invest' in themselves; they're gonna do more stock buy backs. I guarantee it. No price relief there. TL;DR Congrats, America, you played yourself.
Most t shirts are imported….we do not have a Manufacturing Economy here in the USA and we havnt since 1970…. Almost everything we use in our daily lives, including food, is imported! Yes we do get a few fruits and vegetables grown here…but when Al, the farmworkers are deported those won’t get picked, the supply will become more limited and prices will go up! ……I’ll prove it…..name one big manufacturing plant within 50 miles of your home in any direction (corporate offices don’t count)….most people can’t think of even one…..they’re just not there! When I was a kid in the 1960s there was probably 109 manufacturing plants within a fifty mile radius of my home!…….now there’s zero!, none!
Have you ever seen a major corporation LOWER their prices to the consumer because the corporation got a tax break or some other windfall? No, I haven't either. Guess it's just another part of that 'trickle-down' fallacy.
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Reaganomics was when trickle-down became a big player for the GOP. It's nothing new.
Are you not familiar with the EV market the past couple of years. Tesla has been lowering prices as they continue to get economic windfall. Checkmate, mate!
@@christaylor8337 Musk has to start moving units. An idiot, failing at his business, throwing a fire sale, is not economic policy. it is political grandstanding and desperation.
O you have to pay more because you don’t understand how an economy works, why it doesn’t work and the basics like the difference between debt based fiat currencies and money. Thats no ones fault but yours.
@ You mean what they’ve all been doing to citizens for decades. The bless pf course you smart enough to beat inflation and recessions. Then you don’t care much 😄
How do you know that? How do you know that the manufacturer does not swallow the cost as often happens? OR the manufacturer moves to a country that does not have tariffs applied to its imports to the USA? It is much more complicated than you people want to believe.
@@odysseus2656lmfao you do know the tariffs we have now are trumps old ones and he is going to raise them again lmao so like I been saying all day the food prices will go up again if you can’t tell they are high right now but will be higher not that hard to grasp ✌️
@@odysseus2656lmfao you think they are going to swallow the cost instead of raising the prices lmfao I think you have things backwards remember they are rich they don’t care about you 😂
@@tasha1626 Outside of a few specialty items that are mostly luxuries, what food do we import? Do you think we get our milk from dairy farms in China? Do you think our beef comes from Japan? We are the biggest rice producer in the world! What large quantities of food do you think that we need to import?
@@tasha1626 In 2017 75 million utility accounts had their bills lowered as the Trump corporate tax cuts were passed on to the consumers. Do you ever get tired of being wrong?
All those Trump voters who thought him being in the White House would magically make grocery prices go down are probably gonna be in for a rude awakening.
To be honest this was the biggest problem that Biden had as well in 2020 To many people thought that he was going sweep in and fix everything with a snap of his fingers People need to learn to manage their expectations and live in the real world
And once he deports all of the immigrant harvesters, prices will go up even further. The produce will rot in the fields since entitled Americans won't do the job.
Your electronics, batteries and machinery etc are about to cost a WHOLE lot more. Not to mention the reduction in exports from the US through lower demand when other countries apply counter tariffs. But hey, gas and eggs might be like 5% cheaper 😏
How long has raising taxes not worked and just made our lives miserable who even cares if they try something different we did all survive 2020 to 2025 I mean we are already broke who cares
@@mjblue84 and not from the fault of the president, Just this past September Kroger executives admitted to price-gouging during the pandemic. Kroger Director of Retail Insight & Strategy Andrew Groff admitted on the stand that Kroger deliberately hiked prices on everyday essentials such as milk and eggs above cost increases from inflation. And I guarantee you they were not the only company that did it But yeah let's blame President Biden.
The tax changes proposed by Vice President Kamala Harris would have raised taxes on the richest 1 percent of Americans while cutting taxes on all other income groups. Trump is going to cut taxes on the rich and on corporations.
@@harrymann5523 Her hope was to tax the wealthy and not give corporations such a break. Trouble is the budget and plans all need to be passed by Congress. One of the reasons Obama's plans did not succeed. He was blocked by Congress on every turn.
@harrymann5523 Peanuts compared to multi millionaires and billionaires 😂. Trillions more added to U. S deficit like Trump did in first term. A recession does benefit his buddies because they can now buy up more and get good obedient workers while crushing unions.
He forgot to mention that when the laborers, roofers, hod carriers, ditch diggers, and other construction workers are all gone because theyve either been picked up by ICE or have left ahead of the mass deportations, or are in hiding, the price of any new construction is going to go way up.
@lynxminx4 or how difficult it will be to get manufacturing operations up and running again, without raising prices to even higher than the products made in the countries Trump plans on placing tariffs on, so that we can "buy made in America."
Came here to say exactly this. There is ZERO chance they will lower prices. They didn't with the 2017 cuts, they won't now. I just can't believe people are so blind to believe this crap.
No , you do not understand supply and demand. Cutting gas prices will make the shipping loads cheaper for the truck drivers. Is bringing down overall cost. That discount will be passed to the customers. No store will overprice their items. It's simple math.
Acting like they literally can’t move to another country with lower tax rates, increasing taxes for billionaires literally sends them away and you all lose jobs Stop hating people who are more talented and successful then you and start actually thinking for once
Yes cutting taxes is the fastest way to lower costs for Americans, good of you to point that out. In 2017, due to President Trump's corporate tax cuts, 75 million utility account bills were lowered as the tax cuts were passed on to the consumer in savings. Cutting regulations is also a fast and cheap way to lower costs for Americans too, and lowering energy costs also will lower costs for all Americans. You come off as some sort of fool who thinks we can have an economy that enriches everyone but the rich. Sorry junior, if the economy booms the rich get richer, the racists get richer and the socialist weenies get richer.
@@ryboss2777 Such an arrogant, ignorant comment. Boo-Hoo, Musk and Thiel might move away. MANY uber wealthy who actually hail from the US, will remain, because of their loyalty to its people over profits. Musk and Thiel have a wicked, mendacious personal agenda. Really wish Musk and Thiel WOULD return to their countries of origin. Paying their fair share here in the States could incentivize them. Far Cough, please!
They don't care about the suffering their kids and grandkids are going to go through to pay down the deficit. It's all about themselves and what they can get out of it now.
How? You sound so incredibly ignorant of all the great economic accomplishments of Trump in his first term: great, low inflationary economic growth, income inequality tumbling down from the inequality heights reached under Barry, and for the first time since 1970 American workers' wages outpaced inflation. Is your memory really so poor you cannot remember how good we had it just 4 years ago with the Trump economy?
@@odysseus2656 that Covid economy. Everybody had money. We couldn’t spend it and people stop paying their rent and mortgage. Traveling was halted. People was scamming the system. The government was giving out so much money. But we are paying for it now. Good times don’t last always.
Don’t forget that his plan calls for 160 hr work MONTH not a 40 hr work week in calculating overtime… which would drastically reduce or eliminate overtime. So,no lie. No tax on overtime because they’re getting rid of it. You would think that when he told them he hated paying overtime they would’ve taken him seriously. The same holds true for no Social Security tax. No lie there either, they’re just not telling you that under his plans Social Security will be completely bankrupt within 10 years. And I like how everybody conveniently forgets that the reason Social Security is taxed in the first place is because of Ronald Reagan tax cuts back in the 80s significantly reducing the marginal tax rate on the wealthy. It ballooned the deficit so badly that they had to find new revenue and oh look we’ll just tax the retirees living on a fixed income instead of rolling back the steep tax cuts on the rich.
I've heard that too, about 160 hour per month. But that is still about 40 hours per week, 4 weeks in a month times 40 hours per week is 160 . There's probably some gimmick that I don't see. There's a lot of businesses that have already beat the standard payroll by hiring part time workers and working them as much as they want but never pay overtime because they aren't officially a full-time employee. They can dodge benefits too by doing this and keep the employee coming back with the empty promise of a full time employment with all the benefits. But if that worker even with legitimate reasons for being slightly tardy a few days a year, the employer can easily fire them no questions asked.
That's still The Heritage Foundation you're talking about, which is not affiliated with Donald J Trump. How do you liberals miss that part every single time?
When have corporate tax cuts EVER resulted in lower prices 😂😂😂. Yea I’m sure every CEO in America is going to tell their share holders, “great news, because of our tax cuts, we can now lower our prices and make less profit for our share holders”.
Lower costs of running the business means more money for investing in the business and to pay out their share holders. And lower costs of operating businesses and starting them means newer, smaller companies can sell for cheaper and force the larger businesses to lower their prices to stay competitive.
@@Crowbars357Except that 45 years of trickle-down foolishness has shown that only happens 4% of the time. People who voted for this were conned or conmen.
@ right, because so many “small businesses” were able to compete with Amazon and Walmart the last time they got a big fat tax break. How many small businesses do you think are going to be competitive when these tariffs hit ? Amazon and Walmart have the capital to withstand the coming supply chain apocalypse, these small businesses don’t have the money or infrastructure to buy and store millions of dollars worth of goods right now to stock up before the tariffs hit. History is cut and dry. Every Republican presidency since 1990 has ended their term in a recession, and they’ve all had the same exact economic policy, give corporations and themselves tax cuts, and then watch the economy collapse and blame it on government spending when they are the ones that have added more to the deficit over the past 30 years than the Democrats., A few years later everyone forgets, and people like you will try to convince yourselves and others that the concept of trickle down economics works for the working class. Took Reagan and Bush 12 years, then George W 8, and then Trump 4, so if the pattern holds, by the end of 2026 we should be in a recession, if not a depression. The definition of insanity is doing the same thing over and over again and expecting a different result, yet here we are.
@ I could say the same thing. We’re in a recession now. The inflation rate has gone down slightly, but that hasn’t gotten rid of the inflation already accrued. And ever since Obama, the Democrats’ idea of getting out of a recession is to spend money we don’t have on very bloated bureaucracy, expand the bloated bureaucracy, and print money like there’s no tomorrow. that spikes inflation. The real solution is to cut out the bloat from the government, stop spending so much, allow more domestic oil production to lower shipping costs, and to reign in the corporate influence on our government. Both Democrats and Republicans are bought and paid for by the mega/multinational corporate lobbyists. The old GOP and the establishment Democrats are one and the same: sellouts who are sacrificing our country so they can stay rich and powerful.
we are well aware that tarrifs level the playing field for American workers who cannot compete with foreign governments subsidizing foreign companies ! and this trump voter has a tested I.Q. of 166
I'm definitely hearing that on reddit. "He wasn't serious". Yeah, well he's tripling down on it as a cornerstone of his first 180 days, and even joking about this will scare the markets, antagonize our trading partners and impact prices adversely.
It's funny (maybe?) you say that because the friends I have that are trump supporters say that he's going to do the things that they like (closed borders) but when it comes to things they don't know much about (tariffs) they say "oh, he wouldn't do that." It's head scratching.
Trump is a selfish, sociopathic liar. That was established during his first run. Also, he’s best friends with Musk, who controls the media and is getting a tax break from him. America is done for.
It won’t matter a hoot in hell if prices come down. He’s going to take my social security so I’ll be broke and homeless. Get ready for millions of seniors living on the streets.
This must be really scary for a lot of seniors. I'm a senior and I live in Canada where health care is free, most prescriptions are free for seniors and so is dental care if you only have your pensions to live on. We also get subsidies for the cost of living. Not that we're rich but we don't worry about being on the street. My heart goes out to you.
He may try, but I'll bet even the GOP congress critters won't go for that due to all the voter backlash. They want to be re-elected and have their party win elections true of both sides more than ANYTHING. Use your head.
@ Sounds like nirvana compared to the US right now. I don’t know what I’m going to do. I have no family I can live with so I’m on my own. I do have a van that I can probably live in, but I won’t have money for food or medical care. I have heart issues and need medication to keep me alive.
I don't understand why older Americans voted for Trump. He said he wants to cut social programs and give the largest tax break to the wealthy. I'm so disappointed that Americans didn't get the facts or didn't care to vote.
It's heading that way. All you anti trumpets should look at all the money going to Ukraine, undocumented migrants, and IDF. Now, Trump probably won't help Gaza, sadly. Both left and right need to help 🇺🇸 legally here. Especially AA (blacks) they need more resources than some El Savador man. My opinion.
@@JTheMan1 100% of the time, every time, stores will set their prices based on an optimal price point. If you set your prices too high, people stop buying, and you lose money. Set them too low and you miss out on profits. There's literally a mathematical formula employed by EVERY business in America to determine this optimal price point, and they've been doing it for over 200 years. It's not price gouging, it's business, and it's nothing new. Prices go up because of inflationary pressure, and merchants are forced to raise the prices of their goods. You have 0 knowledge of how economics work, you just know TV man said "price gouging" therefore Trump bad. You are the embodiment of the low IQ, low information Democrat.
The problem is, Trump voters disbelieved anyone and everything except Trump. The alarm bells were going off and only about half of us heard it. The others had their heads in Fox News.
It’s up to individuals to research thoroughly their candidates. Look at both sides, all the evidence. I did this as a Republican, and decided Kamala Harris would likely be the best choice. There are so many reasons, not to vote for DJT. And so many economists, and others explaining why, with plenty of proof.
Wrong. They, along with counties over the past years, have been using debt based fiat currencies to invest in money. It ot just anput saving its what you save in.
" It's in the interests of the tyrant to make his subjects poor ... then they are so occcupied with their daily struggle to survive that they have no time for plotting against him" - Aristotle
Trump's tariffs will cause massive price hikes on pretty much everything, especially groceries....So for all the people who voted for him to bring down the cost of living jokes on u 😂
@@mr.donaldjokertrump4776 Prices wouldn't come down either way, but the difference is that with Trump in power prices are going to rise more than they would if Kamala had won the election. I can foresee many people regretting their vote...
LOL the corporations are not going to lower prices because of a tax cut. It just means more bonuses for their executives!!! Why does everyone thing corporations care about people??? Their whole purpose is to make money!!
Yes and Trump has zero interest to fight with corporations about price gouging... why working class Trump voters think that he cares about them is a total mystery.
@@boltzmannbrayn His ego that's why. He needs and will succeed..This current administration help the taxpayers in any way? You think he wants to be president because he can profit like the Biden's? Already a billionaire and smart enough to make money other ways as you know.
@@boltzmannbrayn There is this thing called competition. When big company A refuses to lower prices medium company B with its new tax cuts is able to lower costs to be competitive with Company A. Company B takes a share of Company A's market and their profits lower from losing customers to company B. Company A doesn't like losing money so Company A lowers prices to try to take back customers from Company B. The same thing applies to Small Company C who is now able to take market share from Company B due to lower operation costs due to lower taxes. Lower taxes let other companies have a chance to compete and competition lowers prices and makes goods better. When you raise taxes Small Company C cant afford to compete and goes out of business. Medium Company B might barely scrape by. Meanwhile Big Company A is so large that they can not only afford the higher taxes but are extremely happy because Company C and Company B are no longer a threat to them. Now suddenly there is no competition and there is only the new Mega Corp A. Now Mega Corp A can raise prices as high as they want and nobody can do anything about it. This is the story of Amazon Walmart and many other companies. Any policy that drives competition in the market is good for the consumer. Its actually really basic economics.
They will do what they did the last time trump lowered corporate taxes. Stock buy backs, increase pricing and bonuses. The vast majority of people that voted for trump have zero understanding of how the economy works or how the world works. We didn’t become the power house country we are by being isolationist.
LOL .. and how can you when they’re printing trillions in new debt every year. Why to people think politicians are for the people. For decades now of you want to do well in this economy you first understand it. Hoping the politicians will fix it isn’t much of an economic plan.
I was speaking with my UPS driver yesterday (a Trump voter) and he said that he voted for Trump because he's concerned about the deficit that the Democrats created because the Democrats tax and spend and it's out of control -- all based on what he learned on Joe Rogan's show. I said you realize that the deficit increased at an unprecedented rate after Trump's 2017 tax cuts and Trump wants to cut tax rates again. He had no idea. I then said to him, "...Do you know the last President that balanced the federal budget?" Again, he had no idea. I told him; "...A Democrat; Bill Clinton. I said to him, "...Do you know the President that first taxed Social Security benefits?" Again, he had no idea. I told him Reagan to help pay for his tax cuts and Reagan's failed trickle down economic policies. So, I asked him, "...How do you feel about the Democrats creating the deficits due to their taxing and spending?"
@joejoe7212 No joejoebillybob, the country lost. You are one of the many misguided sheep that can't think independently or objectively. Like when I was speaking with a physician recently that works in an indigent and minority community. 80% of his revenue for his practice comes from Medicaid patients under the Affordable Care Act (aka Obamacare). He started to boast how he voted for Trump and now he would be wealthy due to Trump's tax cuts and how his stock portfolio and retirement would increase under Trump's economic policies. I had to stop him and tell him, "...you realize that the federal subsidies under the ACA are not going to be renewed by Republicans after 2025 and millions of Americans (your patients) will be thrown off the ACA?" His jaw dropped as he digested my comment. Then he just said, "I'll be bankrupt."
@joejoe7212 No, joejoebillybob, the country lost. You are just one of the many misguided sheep that can't think independently or objectively. Like when I was speaking with a physician recently that works in an indigent minority community. 80% of the revenue for his practice comes from Medicaid patients under the Affordable Care Act (aka Obamacare). He clearly started to brag that he voted for Trump and how he would be more wealthy due to Trump's tax cuts and how his stock and retirement portfolios would increase because of Trump's economic policies. I stopped him and said, "...you realize that the federal subsidies under the ACA are not going to be renewed by Republicans after 2025 and millions of Americans (your patients) will be thrown off the ACA?" His jaw dropped as he digested my comment and was silent. Then he said, "I'll be bankrupt."
You should have added who was able to create a budget surplus which was a Democrat bill Clinton. Who squandered that surplus and added trillions to the debt? Bush with the fake war in Iraq and tax cuts for the rich. 😂😂😂
Since when have companies cut back on prices due to a lower corporate tax rate? That is never going to happen. They will just take in that added revenue as profit. What truly lowers prices is competition, but there will be less regulation under the upcoming administration, and therefore less pressure to lower prices. There is going to be no relief with prices and wages won't keep up. But this is what we voted for. Sigh.
Trump.said he is gana make it great... gas is Now at 2.75 and stock market is high... let's see if he can bet it. The last time he left office unemployment hit 14% and stocks crashed hard.
I think he left during the pandemic. Of course unemployment was high. These 14% is the same employees who came back to work post pandemic. Last labor numbers for Oct, during Biden tenure, was a measly 12k new jobs. The more you know!
Well either he is going to fail and cause a depression and higher prices or prove all of his doubters wrong (as he’s done many times) and keep republicans in power for the next decade. You better hope it’s not the latter if you don’t like Trump.
I see your point but that’s not correct. You’re talking the final sale price and not the price that the tarriff would be applied to. A $8 toothbrush is bought by the seller for say $4.. so a 200% tarriff would mean $12-16 final sale price
@@RobRuffMusic you’re exactly right. It’s a economic power play to save us in the long run. a lot of people who voted for Harris don’t understand that though. Now talking about tarriffs on everything, it’ll be tough to measure it’s success which is my only real concern
@@pedrofan34he also used the tarrifs from 2016-2020 to combat horrible labor practices such as forced child labor. There are reasons he does these things!
I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.
MAGAts thought raising the minimum wage would raise prices, just wait for their tariffs. Reading a book would have been quicker and cheaper. LOL ~History
Because companies will be able to invest more back into capital and can gain efficiencies and pump up profitability. Also, cheaper energy costs will reduce costs on EVERYTHING else!
To all the dummies out there that voted for Trump. This is what he meant by when he said “ I HAVE CONCEPTS OF A PLAN!” In conclusion …DONT BLAME BIDEN!!!
There were a fair number of 'decorated' economists out campaigning for Trump. The entire field of study is corrupted by dangerous shills like Larry Summers who are more like spin doctors than scientists.
Because those economists are not conveying the information in fun memes on social media! Our voting population needs to be entertained or they won't pay attention!
LOL at MAGA in the comment coping and just saying "nuh uh" about economic facts most of us already knew before the election if Trump won. Facts don't care about your feeling's snowflakes! You voted for this. 😹
Aug 11, 2016 · Now, Clinton says she's ready to impose tariffs too. "When countries break the rules, we won't hesitate to impose targeted tariffs," she told the crowd at a manufacturing plant in Warren, Michigan. < Hillary
I used to think that being unducated/uninformed wasn't the norm until I realized how many people within my very close proximity did not understand how anything works. We (as a country) are getting dumber 😢 God help us.
@@imperialmotoring3789who you going to get to work the fields? The migrating labor force will mostly be deported. And like last time food will rot in the fields.
@@mrs.paperweight6036 I live in inner city Chicago. Zero of the illegals here work in the fields. What a racist stereotype you indulge in! Who picked the cotton when the Republicans freed the slaves from the Democrats? Did it rot in the field?
This guy doesn't have a clue. When these major companies got their taxes, lowered they started with stock buy backs. The workers never got raise or better opportunities.
This comment sums it up for me and I've moved on: Trump's supporters don't measure his success by what he does FOR them, they measure by what he does AGAINST people they don't like. That's why they see him as being "successful." This is why they will NEVER abandon him. His tormenting of the "others" sustains them.
Economics 101: Tariffs passed along to consumers as a tax - the "country" who sells the product doesnt pay for it. The company buying it eats the tariffs - and then passes it on to consumers. Enjoy more inflation people next year people!
The question is why did we use to have balance trade until they passed policies that ended it in the nineties that gave us big trade deficits, a collapsed manufacturing base and the good paying jobs they provided.
You won't be taxed on tips directly but you will have to declare them as income in which they will be taxed. That means you will have to keep money aside for tax season so you can pay it yourself instead of getting it taken off before. Should be called "no tax on tips until tax season".
I don't think you understand how taxes work. The tax you pay through the year is the same tax you pay during tax time. Back when people received cash tips, they usually didn't declare it.
Allocated tips, card tips made optional. If you report, it raises reportable income, retirement, lender approvals via DTI. Or don't report and keep tax money. Pooled tips are already like this and just issued on W2.
No, you don’t have to declare your tips now apparently. So he got working class votes (waiters, bartenders, Uber drivers, hairstylists, etc) however, with the tariffs, we’re just going to pay for it all anyway. So we all become a little more broke and have less buying power. No tax on tips was a shiny thing to distract us.
@CBSNews - anyone else see the irony in one of the top 3 richest people in the world talking about _"short term pain"_ when referring to the cost of grocery shopping? 🤦
@@Samurian-j9h This Samurian-j9h appears to have failed American history at the high school level. This Samurian-j9h is now educated to the historical fact that all President Trump voters understand that the United States have used the effective tool of tariffs to protect domestic business interests from foreign predatory business practices and to raise revenue for the federal government, ever since the Tarriff Act of 1789, resulting in a major catalyst to the American Industrial Revolution that is realized to this date and that this Samurian-j9h is the direct beneficiary of. This Samurian-j9h remains every grateful and supportive of the economic prowess of President Trump and the effective Trump economic policies, due to this impromptu and free education that has been received.
What it means, higher inflation, higher unemployment, lower foreign trade, higher illegal border crossings, Russia invading Poland, China invading Taiwan, North Korea invading South Korea, more women dying, more crime, lower wages, higher taxes for the middle class, and even worse consequences for the freedom loving peoples in the rest of the world.
News today was Republican parties already applied to have Social Security and Donald Trump‘s not even in office yet. and remember you’re overtime pay won’t be taxed because you won’t receive overtime. You have to work 180 hours in one month before you will qualify for overtime. Your employee will cut your hours during the last week so you won’t receive overtime and don’t forget he also promised to cut minimum wage.
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
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What is it that americans do not understand about Tariffs. It is not a tax on the country supplying the goods, its a tax that buyers and importers pay to bring these goods into your country. The importers and buyers then pass this cost on to you the consumer. What then happens is that because the goods have doubled in price , you, the consumer then buys said goods and when you buys said goods you then pay more local taxes to the government . It does not in any way affect the country of origin where the goods are made. Trump thinks that the american public should be making these goods in america, forgetting that the raw material for said goods still have to be bought from abroad. These raw mareials will of course be subject to a tarrif. So the poor consumer will still be paying through the nose for said goods regardless of where they are made, wake up america.
Watch some RUclips videos where they ask college students and adults SIMPLE questions about math, geography, general knowledge, science, history, etc. MANY don't know what 3 cubed (or squared) is much less how tariffs actually work.
MACMA .... Make America cost more again !!! Clap, clap clap ...yay..... Tariffs are going to make everything go up.... I thought you guys wanted lower prices,not higher?????
Most any clothes and shoes are all imported. Cellphones, flat screen tvs, most consumer electronics. A huge amount of manufacturing equipment like CNC machine tools, disposable tooling for those machines, raw materials that are used for the end product on these machines like steel, aluminum, most any of the high tech alloys that are used. Many companies utilize Chinese companies to build specialty tools for their manufacturing, like Tesla for example. All those robots and punch press dies and the presses to run them in and then there is the infamous Giga presses, a Chinese owned company made in Italy and these huge elaborate die casting dies that probably cost about a few million dollars to make, made in China. Everyone claims that Tesla is an American company but if it weren't for all the cheap equipment they buy from China those cars they make would probably cost twice as much.
Full of squat 3000% tariffs mean no sale , how would you feel if our manufactures payed there employees peanuts that's what the Chinese do to beat our prices.
As long as Trump doesn’t do anything stupid, which might be a lot to ask, like across-the-board tariffs or deporting a big chunk of our low-wage agriculture and construction workers, the economy is on track to be in pretty good shape. Honestly, it’d probably be better for us if he just lined his pockets and played golf for the next four years.
That would be a good scenario tbh, I m just worried my musky Musk and brainworm RFK but hopefully Trump lied to them and doesnt put them in power. RIP education, NOAA and maybe the CDC
Vance will be running the show and with a 222 republican house to 213 dem house to a 53 senate in Republicans hands. All bets are off on a Republicans to reform social safety net programs and any program benefiting regular people. Regulations handicapped by captains of industry heading departments who enforce regulations against said industries. The republican congress and Vance are in charge. Every Republican wet dream you think was draconian will pass with little push back and may go to court or be allowed to move forward because of conservative court tilt. Trump and McConnel were able to fill over 100 vacancies left by Obama. They were able to stack the courts in a conservative direction for decades to come. Hillary Clinton's ego and Joe Biden's ego to not step aside and the wealthy elites at DNC and the media are complicit in this as well. As the gap between the richest among us will grow ever deeper those who have no voice, power, or lobbyists fighting for them will suffer the harshest. America will be tested to see how far back we will go in terms of progress and humanity. How far will we allow Republicans to go in terms of tearing apart every progress made under FDR and human rights. How far Republicans effort for revenge will go and how much pain and suffering they will bring. They'll quote God and say this is his will given to them to execute. We will be tested on how we will act as many as 50 million people voted to crush poor people to benefit the rich and to give their false idol power revenge no matter whom shall suffer. Be strong my fellow Americans who did their civic duty to vote to try to stop it. We are all in this together and let us do what we can to protect ourselves and fight against tyrannical overreach. Dark times are ahead but there's always a light at sunrise.
I watched the same show that said the exact thing you just said. Come up with something original. The Left has gone too woke, they pass BS policies without the consent of the people. The American people have spoken and are ready for a change. The election results were quite evident. In case you mental patients need a reminder, here you go! (High inflation, high crime, border security, woke agenda, etc.) I live in California and can honestly say that Newsom has ruined the most beautiful state in the Nation with his BS policies he has forced onto citizens. AB-957 (Gender Identity, this bill helps children transition to another sex without the parents consent. This is absolutely child abuse for any parent or guardian who would even consider this. The adolescent brain doesn’t develop until the age of 25 or later. Whoever thinks this is ok should not have children, PERIOD) SB-1174 (No Voter ID Required, there is only one reason why such a bill would even be considered and passed three weeks before an election such as this bill, and that is to cheat, PERIOD) Proposition 47 (The Safe Neighborhoods and Schools Act) This allows criminals to steal up to $950 and it’s considered a misdemeanor. Thank God that Prop 36 passed and will fix this. God bless and wake up or get the help you need.
Blows my mind how many adults in this country don’t even understand basic economics.
Or simple statistics.
Between them and Latinos, here we are.
I tried to explain tariffs to my coworker who voted for him & she tells me I'm watching too much democrat news. I'm like "What ?!?!"... I asked her do you even know what his policies are ?!... She sends me a video. LMAO !! When you realize how many not so bright ppl are in this country... Take advantage of that cause there's nowhere else but up for you.
@@rogergeyer9851you probably voted for trump because you didnt want a woman in power now you tight 😂😂😂 n trying to blame a ppl who the majority cant even vote because they aren’t legal lmaoo cope sis
That’s why they voted for the orange clown🤡 poorly uneducated 😳😳
Companies don’t pass cost saving and tax cuts to consumers. They pass it to their own pockets.
Companies often have profit maximising strategies.
Maximising profits does not reduce prices.
Is that what the liberal college professors taught you?
"Trickle down economics" is really the poor living in an outhouse while the rich use the second floor to relieve themselves.
@@midwesternoutdoorsandnatur8272it’s the truth. Just wait. Hope you don’t like fresh foods because you won’t be able to afford it. Start loving processed foods. It’s all you will be able to afford. Or you can go and pick the foods grown in America! If you pick it, they will sell it to the country. Wheee is your heart?
@@midwesternoutdoorsandnatur8272
That's what past history tells us. With the previous Trump tax cuts, the first thing the majority of companies did was stock buy backs, making themselves even more wealthy. Very few gave raises to their employees
When corporations get lower taxes, they don't lower prices, they keep the extra money.
Of course they do! It's the way it goes. They've gotta make more than last year at OUR expense. We are all just bending over and waiting our turns now.
And they don't pass any of it down to the workers, hire more, etc. Most just do stock buybacks to make their company look better for more profit for them to pocket. Take Walmart for example, a lot of their employees were kept under the full time hours needed for a lot of the benefits, and relying on the government (be it state or federal) to supplement their income with food stamps, medicaid, using the local police as their security, etc. (at least they did in the past, not sure if this practice is still be implemented or not). Even though their profits are $100 billion plus each year, do you think that giving them a tax cut will help the employees out? Trumplicans probably think it will. I've been recently saying that MAGAts will claim I have TDS (Trump Derangement Syndrome), well if seeing through his b.s. and understanding some of the things he said he was going to do will effect us negatively is having TDS, then I have TDS.
Its Trickle Down Economics scam all over again.
To be fair...the cost of doing business doesn't go down either...of course they're keeping the "extra" money...
Yup. People who think big business will help them are in la-la land. And the MAGA people who believe things will improve for them are about as bright as a bag of doorknobs.
I’m just Glad Trumps Back so he can add another 8 Trillion to the National Debt . He’s good at Business. Only Declared Bankruptcy 6 times . Great Move America
He drove a casino into the ground 😂 my husband works in the industry and let me tell you… that says A LOT about Trumps ability to conduct “good” business 😂
@@Jackiecarletagree… how does one bankrupt a casino!!
You have this incorrect. In his first term, the majority of the $8 Trillion happened in the last 2 years. He now has 4 years to really wreck the deficit. I am expecting it to grow another $ 12-13 Trillion during his next 4 years.
Don't forget that this great businessman also bankrupted a casino.
If we are lucky all he'll do is add to the deficit. It's quite possible he'll cause a recession worse than 2008. Could even cause another depression.
Good Lord, people. TARIFFS WILL NOT HURT OTHER COUNTRIES. They will come out of YOUR pocket; tax on tropical fruit, coffee, iPads and Apple Watches, on car parts, on tires, on maple syrup, and pretty much every other product you buy will DIRECTLY hurt you, the consumer. Also, those businesses? The ones you think will be 'protected' and 'build American?' - the semi-conductor ships in your Ford Gas Guzzler 6000 will go up, as will the steel, plastic, glass, aluminum, and hundreds of other materials used to make cars, planes, t-shirts, and roof shingles.
And your DELUSIONAL if you think that companies are going to take those tax breaks to 'invest' in themselves; they're gonna do more stock buy backs. I guarantee it. No price relief there.
TL;DR Congrats, America, you played yourself.
I’m just wondering how donald is going to blame the dems when the shtf. Whatever he says, his worshippers will accept it.
Their ignorance is his power
Most t shirts are imported….we do not have a Manufacturing Economy here in the USA and we havnt since 1970…. Almost everything we use in our daily lives, including food, is imported! Yes we do get a few fruits and vegetables grown here…but when Al, the farmworkers are deported those won’t get picked, the supply will become more limited and prices will go up! ……I’ll prove it…..name one big manufacturing plant within 50 miles of your home in any direction (corporate offices don’t count)….most people can’t think of even one…..they’re just not there! When I was a kid in the 1960s there was probably 109 manufacturing plants within a fifty mile radius of my home!…….now there’s zero!, none!
Thank you. Well said.
The trees voted for the chainsaw! Classic.
Have you ever seen a major corporation LOWER their prices to the consumer because the corporation got a tax break or some other windfall? No, I haven't either. Guess it's just another part of that 'trickle-down' fallacy.
Reaganomics was when trickle-down became a big player for the GOP. It's nothing new.
And printing currency out of thin air has been the biggest play since 1971. Why do people who play the blame game almost never get the economy right.
Are you not familiar with the EV market the past couple of years. Tesla has been lowering prices as they continue to get economic windfall. Checkmate, mate!
@@christaylor8337 1 out of how many? Not a checkmate buddy
@@christaylor8337
Musk has to start moving units.
An idiot, failing at his business,
throwing a fire sale,
is not economic policy.
it is political grandstanding
and desperation.
Great I have to pay more because so many Americans voted for this idiot! Great job America great job!
O you have to pay more because you don’t understand how an economy works, why it doesn’t work and the basics like the difference between debt based fiat currencies and money. Thats no ones fault but yours.
@@Bill-g7dlol then I guess you’re paying more and that’s on you too.
OH BOO HOO YEA SO MANY SMART AMERICANS VOTED FOR TRUMP WE KNOW EXACTLY WHAT HE WILL DO FOR US HE DID IT BEFORE FOOL!
@ You mean what they’ve all been doing to citizens for decades. The bless pf course you smart enough to beat inflation and recessions. Then you don’t care much 😄
@@lisaharvey4373 we’ll see who is the fool when you’ll be boo-hooing when you find yourself still broke and miserable.
Tariffs are a tax on Americans.
How do you know that? How do you know that the manufacturer does not swallow the cost as often happens? OR the manufacturer moves to a country that does not have tariffs applied to its imports to the USA? It is much more complicated than you people want to believe.
@@odysseus2656lmfao you do know the tariffs we have now are trumps old ones and he is going to raise them again lmao so like I been saying all day the food prices will go up again if you can’t tell they are high right now but will be higher not that hard to grasp ✌️
@@odysseus2656lmfao you think they are going to swallow the cost instead of raising the prices lmfao
I think you have things backwards remember they are rich they don’t care about you 😂
@@tasha1626 Outside of a few specialty items that are mostly luxuries, what food do we import? Do you think we get our milk from dairy farms in China? Do you think our beef comes from Japan? We are the biggest rice producer in the world! What large quantities of food do you think that we need to import?
@@tasha1626 In 2017 75 million utility accounts had their bills lowered as the Trump corporate tax cuts were passed on to the consumers. Do you ever get tired of being wrong?
All those Trump voters who thought him being in the White House would magically make grocery prices go down are probably gonna be in for a rude awakening.
To be honest this was the biggest problem that Biden had as well in 2020
To many people thought that he was going sweep in and fix everything with a snap of his fingers
People need to learn to manage their expectations and live in the real world
They'll still be blaming Obama and Biden. All the Forest Gumps came out and voted for a felon grifter.
Im tired of these voters being soooo stupid.. they probably don’t read..
Facts.
And once he deports all of the immigrant harvesters, prices will go up even further. The produce will rot in the fields since entitled Americans won't do the job.
Import Tariff cost are passed to the consumer. Period. It’s a tax on the tax payer.
I know of one major US corporation that does significant imports from China is planning layoffs and reductions in R&D expenses.
Your electronics, batteries and machinery etc are about to cost a WHOLE lot more. Not to mention the reduction in exports from the US through lower demand when other countries apply counter tariffs. But hey, gas and eggs might be like 5% cheaper 😏
How long has raising taxes not worked and just made our lives miserable who even cares if they try something different we did all survive 2020 to 2025 I mean we are already broke who cares
A lot of the dummies that voted for him didn’t even know what a tariff is
A lot of the dummies that voted for him didn’t even know what a tariff is
Higher gas, higher property tax, higher proscription. Higher food.
But how can that be? The orange scion said that everything was going to get cheaper?!?!?🙄
That's what we had for the past 4 years!!!
@@mjblue84 and not from the fault of the president, Just this past September Kroger executives admitted to price-gouging during the pandemic. Kroger Director of Retail Insight & Strategy Andrew Groff admitted on the stand that Kroger deliberately hiked prices on everyday essentials such as milk and eggs above cost increases from inflation. And I guarantee you they were not the only company that did it But yeah let's blame President Biden.
Yeah but he also knew that his supporters were so dumb that they wouldn't understand this concept and he may not even do it
@mjblue84 This was happening globally, not just the US. Now that the felon will be president again, these past 4 years are going to look really good.
Oh, NOW they talk about how tariffs will increase prices and that Kamala’s economic plan was better.
Kamala’s economic plan would have raised taxes significantly.
The tax changes proposed by Vice President Kamala Harris would have raised taxes on the richest 1 percent of Americans while cutting taxes on all other income groups.
Trump is going to cut taxes on the rich and on corporations.
@@harrymann5523 Her hope was to tax the wealthy and not give
corporations such a break. Trouble is the budget and plans all need
to be passed by Congress. One of the reasons Obama's plans did
not succeed. He was blocked by Congress on every turn.
If you didn't read or listen 9 MILLION times during the campaign, that's on YOU. Including info from LOTS of economists, etc.
@@harrymann5523: On the wealthy. Wake up. Deal with facts.
My motto for 2025. "Don't look at me, I didn't vote for him"
Or you could do, "I'm seething and coping."
That's what I kept saying during the first time donOLD was in office.
Go ahead and look, I voted for him all three times.
EXACTLY!
@@christaylor8337you can’t say that after those goobers stormed the capital, seething is normal
For those who voted for Trump, Americans are paying tariffs, morons.
@@Canon1968 But they are going to get their taxes cut
@harrymann5523 Peanuts compared to multi millionaires and billionaires 😂. Trillions more added to U. S deficit like Trump did in first term. A recession does benefit his buddies because they can now buy up more and get good obedient workers while crushing unions.
@@stormtrooper9338 It could have been worse. Kamala was seeking to significantly raise taxes on the middle class
@@harrymann5523 Only if one made more than $400,000.
@ Kamala was seeking to raise middle class taxes and she would veto any attempt to cut taxes. Well everyone is now going to get tax cuts.
He forgot to mention that when the laborers, roofers, hod carriers, ditch diggers, and other construction workers are all gone because theyve either been picked up by ICE or have left ahead of the mass deportations, or are in hiding, the price of any new construction is going to go way up.
Not sure where the Trump voters think we get our tools, fasteners, adhesives and wiring from.
@lynxminx4 or how difficult it will be to get manufacturing operations up and running again, without raising prices to even higher than the products made in the countries Trump plans on placing tariffs on, so that we can "buy made in America."
Food will be rotting in the fields, farmers won't have workers or perhaps they will be looking to seniors to take their place?
@@mysteryexplorer556I am sure all those MAGA patriots will step up to pick all the produce.
Don't worry. They'll blame that on Biden or the earth being flat, etc. Their ilk is SUPER slow to actually learn.
It foolish to think companies will lower prices, they are committed to their shareholders’ profits.
more stock buy backs = another yacht or two for CEOs
Which is why he delivered that statement with a smile
Came here to say exactly this. There is ZERO chance they will lower prices. They didn't with the 2017 cuts, they won't now. I just can't believe people are so blind to believe this crap.
No , you do not understand supply and demand.
Cutting gas prices will make the shipping loads cheaper for the truck drivers. Is bringing down overall cost. That discount will be passed to the customers. No store will overprice their items. It's simple math.
It's foolish to think companies can charge whatever they want You must have flunked economics
Tax cuts for Elon Musk and his friends.
For sure
Acting like they literally can’t move to another country with lower tax rates, increasing taxes for billionaires literally sends them away and you all lose jobs
Stop hating people who are more talented and successful then you and start actually thinking for once
Yes cutting taxes is the fastest way to lower costs for Americans, good of you to point that out. In 2017, due to President Trump's corporate tax cuts, 75 million utility account bills were lowered as the tax cuts were passed on to the consumer in savings. Cutting regulations is also a fast and cheap way to lower costs for Americans too, and lowering energy costs also will lower costs for all Americans.
You come off as some sort of fool who thinks we can have an economy that enriches everyone but the rich. Sorry junior, if the economy booms the rich get richer, the racists get richer and the socialist weenies get richer.
@@ryboss2777 Such an arrogant, ignorant comment. Boo-Hoo, Musk and Thiel might move away. MANY uber wealthy who actually hail from the US, will remain, because of their loyalty to its people over profits. Musk and Thiel have a wicked, mendacious personal agenda. Really wish Musk and Thiel WOULD return to their countries of origin. Paying their fair share here in the States could incentivize them. Far Cough, please!
@@ryboss2777morons on here actually think they r smarter than musk
They clearly don't know his platform is highly inflationary and will cause the national debt to skyrocket.
They don't care about the suffering their kids and grandkids are going to go through to pay down the deficit. It's all about themselves and what they can get out of it now.
How? You sound so incredibly ignorant of all the great economic accomplishments of Trump in his first term: great, low inflationary economic growth, income inequality tumbling down from the inequality heights reached under Barry, and for the first time since 1970 American workers' wages outpaced inflation. Is your memory really so poor you cannot remember how good we had it just 4 years ago with the Trump economy?
as a opposed to Biden's great economic plan we've endured?
@@odysseus2656dump😂 Trump
@@odysseus2656 that Covid economy. Everybody had money. We couldn’t spend it and people stop paying their rent and mortgage. Traveling was halted. People was scamming the system. The government was giving out so much money. But we are paying for it now. Good times don’t last always.
Don’t forget that his plan calls for 160 hr work MONTH not a 40 hr work week in calculating overtime… which would drastically reduce or eliminate overtime. So,no lie. No tax on overtime because they’re getting rid of it. You would think that when he told them he hated paying overtime they would’ve taken him seriously. The same holds true for no Social Security tax. No lie there either, they’re just not telling you that under his plans Social Security will be completely bankrupt within 10 years. And I like how everybody conveniently forgets that the reason Social Security is taxed in the first place is because of Ronald Reagan tax cuts back in the 80s significantly reducing the marginal tax rate on the wealthy. It ballooned the deficit so badly that they had to find new revenue and oh look we’ll just tax the retirees living on a fixed income instead of rolling back the steep tax cuts on the rich.
Apparently, it's more fun to believe lies one hears than to read & learn facts for oneself.
I've heard that too, about 160 hour per month. But that is still about 40 hours per week, 4 weeks in a month times 40 hours per week is 160 . There's probably some gimmick that I don't see. There's a lot of businesses that have already beat the standard payroll by hiring part time workers and working them as much as they want but never pay overtime because they aren't officially a full-time employee. They can dodge benefits too by doing this and keep the employee coming back with the empty promise of a full time employment with all the benefits. But if that worker even with legitimate reasons for being slightly tardy a few days a year, the employer can easily fire them no questions asked.
Liar
That's still The Heritage Foundation you're talking about, which is not affiliated with Donald J Trump. How do you liberals miss that part every single time?
@@silentvoiceinthedark5665liar? What are you 13 yrs old.
When have corporate tax cuts EVER resulted in lower prices 😂😂😂. Yea I’m sure every CEO in America is going to tell their share holders, “great news, because of our tax cuts, we can now lower our prices and make less profit for our share holders”.
Lower costs of running the business means more money for investing in the business and to pay out their share holders. And lower costs of operating businesses and starting them means newer, smaller companies can sell for cheaper and force the larger businesses to lower their prices to stay competitive.
@@Crowbars357Except that 45 years of trickle-down foolishness has shown that only happens 4% of the time.
People who voted for this were conned or conmen.
@ right, because so many “small businesses” were able to compete with Amazon and Walmart the last time they got a big fat tax break. How many small businesses do you think are going to be competitive when these tariffs hit ? Amazon and Walmart have the capital to withstand the coming supply chain apocalypse, these small businesses don’t have the money or infrastructure to buy and store millions of dollars worth of goods right now to stock up before the tariffs hit. History is cut and dry. Every Republican presidency since 1990 has ended their term in a recession, and they’ve all had the same exact economic policy, give corporations and themselves tax cuts, and then watch the economy collapse and blame it on government spending when they are the ones that have added more to the deficit over the past 30 years than the Democrats., A few years later everyone forgets, and people like you will try to convince yourselves and others that the concept of trickle down economics works for the working class. Took Reagan and Bush 12 years, then George W 8, and then Trump 4, so if the pattern holds, by the end of 2026 we should be in a recession, if not a depression. The definition of insanity is doing the same thing over and over again and expecting a different result, yet here we are.
Republicans will say it’s genius “trickle down economics”. More than happy to get a golden shower from billionaires getting richer.
@ I could say the same thing. We’re in a recession now. The inflation rate has gone down slightly, but that hasn’t gotten rid of the inflation already accrued. And ever since Obama, the Democrats’ idea of getting out of a recession is to spend money we don’t have on very bloated bureaucracy, expand the bloated bureaucracy, and print money like there’s no tomorrow. that spikes inflation.
The real solution is to cut out the bloat from the government, stop spending so much, allow more domestic oil production to lower shipping costs, and to reign in the corporate influence on our government. Both Democrats and Republicans are bought and paid for by the mega/multinational corporate lobbyists. The old GOP and the establishment Democrats are one and the same: sellouts who are sacrificing our country so they can stay rich and powerful.
Most Trump voters don’t even understand how tariffs work, and the ones that do are convinced he’d never actually go through with it.
Plus they actually seem to think that the president controls inflation when the presiden doesn't
What is a Woman?
we are well aware that tarrifs level the playing field for American workers who cannot compete with foreign governments subsidizing foreign companies ! and this trump voter has a tested I.Q. of 166
I'm definitely hearing that on reddit. "He wasn't serious". Yeah, well he's tripling down on it as a cornerstone of his first 180 days, and even joking about this will scare the markets, antagonize our trading partners and impact prices adversely.
It's funny (maybe?) you say that because the friends I have that are trump supporters say that he's going to do the things that they like (closed borders) but when it comes to things they don't know much about (tariffs) they say "oh, he wouldn't do that." It's head scratching.
Prices are going to skyrocket!!
they already have under Biden
To said that it already has doesn’t refute that it will continue and be EVEN MORE HIGHER🙄
@@Yvette...24FMand your argument is ?
You're saying this after we just went through 20% inflation on common goods? How brainwashed are you?
they are not but how could they be worse than the buffoonery of Biden /harris ???
Every promise for half-price groceries and utilities was flat-out lies.
Trump is a selfish, sociopathic liar. That was established during his first run. Also, he’s best friends with Musk, who controls the media and is getting a tax break from him. America is done for.
None of these voters have ever seen a market price come permanently down, and most of them have been on earth long enough. They voted for a miracle.
@@mikusoxlongiushe said very fast 😂😂😂😂 and the cult cheered 😂😂😂😂
Gas is already going down and stocks up losers 😂
@@maw6456 when January 20th comes around, then we'll talk.
It won’t matter a hoot in hell if prices come down. He’s going to take my social security so I’ll be broke and homeless. Get ready for millions of seniors living on the streets.
This must be really scary for a lot of seniors. I'm a senior and I live in Canada where health care is free, most prescriptions are free for seniors and so is dental care if you only have your pensions to live on. We also get subsidies for the cost of living. Not that we're rich but we don't worry about being on the street. My heart goes out to you.
He may try, but I'll bet even the GOP congress critters won't go for that due to all the voter backlash. They want to be re-elected and have their party win elections true of both sides more than ANYTHING.
Use your head.
@ Sounds like nirvana compared to the US right now. I don’t know what I’m going to do. I have no family I can live with so I’m on my own. I do have a van that I can probably live in, but I won’t have money for food or medical care. I have heart issues and need medication to keep me alive.
That’s when we will walk the street and resist. I’ll be damned if I work my whole life to live in the streets.
I don't understand why older Americans voted for Trump. He said he wants to cut social programs and give the largest tax break to the wealthy. I'm so disappointed that Americans didn't get the facts or didn't care to vote.
When inflation spikes and the economy is in recession, it’s going to be a very confusing time for those who voted for Trump because of high inflation.
Not going to happen....
@@BarrySoterothe3rd A sound argument. Who could argue against that?
@posthocprior it doesn't matter....Standard of living is more valuable than cost of living...
It's heading that way. All you anti trumpets should look at all the money going to Ukraine, undocumented migrants, and IDF. Now, Trump probably won't help Gaza, sadly. Both left and right need to help 🇺🇸 legally here. Especially AA (blacks) they need more resources than some El Savador man. My opinion.
@@BarrySoterothe3rdI’ll be back in a year.
And the economy was just starting to recover....
Recover from the disaster that was Biden. I'm looking forward to lower taxes and food prices.
@facelessman9224 lol sure.... You do know it's the stores price gouging right?
Prove that. I've read about this subject. You are full of shi
@@JTheMan1 100% of the time, every time, stores will set their prices based on an optimal price point. If you set your prices too high, people stop buying, and you lose money. Set them too low and you miss out on profits. There's literally a mathematical formula employed by EVERY business in America to determine this optimal price point, and they've been doing it for over 200 years. It's not price gouging, it's business, and it's nothing new. Prices go up because of inflationary pressure, and merchants are forced to raise the prices of their goods. You have 0 knowledge of how economics work, you just know TV man said "price gouging" therefore Trump bad. You are the embodiment of the low IQ, low information Democrat.
Exactly. Biden brought inflation back down below 3%, where it should be, but don't get comfortable with that.
Boy, if only you guys had brought this up a week ago, instead of now when it is far too late... Thanks for nothing CBS...
That's the MSM
The problem is, Trump voters disbelieved anyone and everything except Trump. The alarm bells were going off and only about half of us heard it. The others had their heads in Fox News.
It’s up to individuals to research thoroughly their candidates. Look at both sides, all the evidence. I did this as a Republican, and decided Kamala Harris would likely be the best choice. There are so many reasons, not to vote for DJT. And so many economists, and others explaining why, with plenty of proof.
I don't watch cable news. I watch RUclips where you can get lots of news on podcast, PBS and documentaries
they did. repeatedly. sadly most people only listen to Faux News.
Start saving now, the 1% wants more of your money
Wrong. They, along with counties over the past years, have been using debt based fiat currencies to invest in money. It ot just anput saving its what you save in.
@@Bill-g7d😂😂😂
We will be in a great Depression a year or two from now.
It might not take that long .It only took Hoover SEVEN MONTHS, and it took three presidents and TWENTY FIVE YEARS to get back to where we were.
Trump's economic crash 2.0 incoming.
8 trillion plus the next circus bill.
Stuff on Amazon will be more expensive. 😮
@@jdubb6960how much did the past 4 years of democrats add? oh thats right even more than 8trillion without a pandemic
I feel like this will fall on dems next time . Like in the past
Stocks rose up once trump won
" It's in the interests of the tyrant to make his subjects poor ... then they are so occcupied with their daily struggle to survive that they have no time for plotting against him"
- Aristotle
Trump's tariffs will cause massive price hikes on pretty much everything, especially groceries....So for all the people who voted for him to bring down the cost of living jokes on u 😂
Whats the diffrence with Kamala... did she bring the price down now😂
@mr.donaldjokertrump4776 well inflation in America is relatively low compared to most other countries.
@@mr.donaldjokertrump4776 its going to get alot worse. Hopefully your sub 40k a year can handle the mistake you made 🤡
@@mr.donaldjokertrump4776Kamala isn’t president. That’s the difference.
@@mr.donaldjokertrump4776 Prices wouldn't come down either way, but the difference is that with Trump in power prices are going to rise more than they would if Kamala had won the election. I can foresee many people regretting their vote...
LOL the corporations are not going to lower prices because of a tax cut. It just means more bonuses for their executives!!! Why does everyone thing corporations care about people??? Their whole purpose is to make money!!
Yes and Trump has zero interest to fight with corporations about price gouging... why working class Trump voters think that he cares about them is a total mystery.
@@boltzmannbrayn His ego that's why. He needs and will succeed..This current administration help the taxpayers in any way? You think he wants to be president because he can profit like the Biden's? Already a billionaire and smart enough to make money other ways as you know.
@@boltzmannbrayn There is this thing called competition. When big company A refuses to lower prices medium company B with its new tax cuts is able to lower costs to be competitive with Company A. Company B takes a share of Company A's market and their profits lower from losing customers to company B. Company A doesn't like losing money so Company A lowers prices to try to take back customers from Company B. The same thing applies to Small Company C who is now able to take market share from Company B due to lower operation costs due to lower taxes.
Lower taxes let other companies have a chance to compete and competition lowers prices and makes goods better. When you raise taxes Small Company C cant afford to compete and goes out of business. Medium Company B might barely scrape by. Meanwhile Big Company A is so large that they can not only afford the higher taxes but are extremely happy because Company C and Company B are no longer a threat to them. Now suddenly there is no competition and there is only the new Mega Corp A. Now Mega Corp A can raise prices as high as they want and nobody can do anything about it. This is the story of Amazon Walmart and many other companies.
Any policy that drives competition in the market is good for the consumer. Its actually really basic economics.
They will do what they did the last time trump lowered corporate taxes. Stock buy backs, increase pricing and bonuses. The vast majority of people that voted for trump have zero understanding of how the economy works or how the world works. We didn’t become the power house country we are by being isolationist.
LOL .. and how can you when they’re printing trillions in new debt every year. Why to people think politicians are for the people. For decades now of you want to do well in this economy you first understand it. Hoping the politicians will fix it isn’t much of an economic plan.
I was speaking with my UPS driver yesterday (a Trump voter) and he said that he voted for Trump because he's concerned about the deficit that the Democrats created because the Democrats tax and spend and it's out of control -- all based on what he learned on Joe Rogan's show. I said you realize that the deficit increased at an unprecedented rate after Trump's 2017 tax cuts and Trump wants to cut tax rates again. He had no idea. I then said to him, "...Do you know the last President that balanced the federal budget?" Again, he had no idea. I told him; "...A Democrat; Bill Clinton. I said to him, "...Do you know the President that first taxed Social Security benefits?" Again, he had no idea. I told him Reagan to help pay for his tax cuts and Reagan's failed trickle down economic policies. So, I asked him, "...How do you feel about the Democrats creating the deficits due to their taxing and spending?"
@joejoe7212 No joejoebillybob, the country lost. You are one of the many misguided sheep that can't think independently or objectively. Like when I was speaking with a physician recently that works in an indigent and minority community. 80% of his revenue for his practice comes from Medicaid patients under the Affordable Care Act (aka Obamacare). He started to boast how he voted for Trump and now he would be wealthy due to Trump's tax cuts and how his stock portfolio and retirement would increase under Trump's economic policies. I had to stop him and tell him, "...you realize that the federal subsidies under the ACA are not going to be renewed by Republicans after 2025 and millions of Americans (your patients) will be thrown off the ACA?" His jaw dropped as he digested my comment. Then he just said, "I'll be bankrupt."
@@joejoe7212 joejoe..........Trouble ahead................Paul
@joejoe7212 No, joejoebillybob, the country lost. You are just one of the many misguided sheep that can't think independently or objectively. Like when I was speaking with a physician recently that works in an indigent minority community. 80% of the revenue for his practice comes from Medicaid patients under the Affordable Care Act (aka Obamacare). He clearly started to brag that he voted for Trump and how he would be more wealthy due to Trump's tax cuts and how his stock and retirement portfolios would increase because of Trump's economic policies. I stopped him and said, "...you realize that the federal subsidies under the ACA are not going to be renewed by Republicans after 2025 and millions of Americans (your patients) will be thrown off the ACA?" His jaw dropped as he digested my comment and was silent. Then he said, "I'll be bankrupt."
Clinton didn't balance the budget.
Congress balanced the budget.
You should have added who was able to create a budget surplus which was a Democrat bill Clinton. Who squandered that surplus and added trillions to the debt? Bush with the fake war in Iraq and tax cuts for the rich. 😂😂😂
We’re so cooked
We’re deep-fried bro
Just figured that out ? Did you ?
@ he won the election 3 days ago, sooo yes lol
You can't take your vote back now, so you are going to get what you voted for.
Sincerely,
The woke left
We burnt
Since when have companies cut back on prices due to a lower corporate tax rate? That is never going to happen. They will just take in that added revenue as profit. What truly lowers prices is competition, but there will be less regulation under the upcoming administration, and therefore less pressure to lower prices. There is going to be no relief with prices and wages won't keep up. But this is what we voted for. Sigh.
Never
My thoughts too.
Amen. What economics school did he go to?? Prob RUclips U.
{we) voted???? really you mean you voted for that????
Nope ! I DIDNT VOTE FOR THE ORANGE FELON …I VOTED FOR KAMALA HARRIS💙🇺🇸💙🇺🇸🇺🇸🇺🇸
Trump.said he is gana make it great... gas is Now at 2.75 and stock market is high... let's see if he can bet it. The last time he left office unemployment hit 14% and stocks crashed hard.
I think he left during the pandemic. Of course unemployment was high. These 14% is the same employees who came back to work post pandemic. Last labor numbers for Oct, during Biden tenure, was a measly 12k new jobs. The more you know!
@@guadalupe_rodriguezwhere is gas that cheap?
@@gsp49 lol. I want to know too
Well either he is going to fail and cause a depression and higher prices or prove all of his doubters wrong (as he’s done many times) and keep republicans in power for the next decade. You better hope it’s not the latter if you don’t like Trump.
Gas in Idaho is 2.84 a gallon@@gsp49
He doesn’t have a plan 😂😂😂😂
but he has a track record as president of creating the greatest economy America has EVER seen .
@@Michael-hq1iqno Trump tried to take credit for Obama’s economy and will do the same with Biden until everything crashes under Trump.
@@Michael-hq1iq It's really sad that you think that.
He has a concept......
@@garykudrna3743 facts bother ya ???
Track your ballots, make sure your vote was actually counted
If you put a 200% Tariff on a 8 dollar Toothbrush from China, it will be sold at amazon for 24 dollars lol.
I see your point but that’s not correct. You’re talking the final sale price and not the price that the tarriff would be applied to. A $8 toothbrush is bought by the seller for say $4.. so a 200% tarriff would mean $12-16 final sale price
He only said that about foreign chinese cars. You are deliberately lying... And he's using it as a bargining tool.
@@RobRuffMusic you’re exactly right. It’s a economic power play to save us in the long run. a lot of people who voted for Harris don’t understand that though. Now talking about tarriffs on everything, it’ll be tough to measure it’s success which is my only real concern
Do you even understand why and how the tariffs work and benefit the people of the world?
@@pedrofan34he also used the tarrifs from 2016-2020 to combat horrible labor practices such as forced child labor. There are reasons he does these things!
I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.
Not only that other countries will get even and impose higher tariff on US goods that will hurt America's export trade
“The problem with the world is that wiser people are full of doubts, while the fools and fanatics are full of so much certainty”
Isn't it convenient that cbs wants specifics on Trump after the fact and not before.
Check mate point
I'ma borrow this. Amen
💯
Inflation is gonna get much worse now , thanks to all the trump supporters
MAGAts thought raising the minimum wage would raise prices, just wait for their tariffs. Reading a book would have been quicker and cheaper. LOL ~History
Have you been to McDonald's? 😂
@@felipegarcia4197 Sometimes. Prices are same. But then again, I am in a blue state. So, pay is up but not prices. Weird how that happens.
@@felipegarcia4197thank you you saved me the comment, but they still won’t get it because it’s trump doing it
@@optimalprimidius7295blue states have higher taxes, including sales taxes. 😂 vs red states
Calling Americans "maggots" lost Harris and Creepy Walz bigly. Keep it up!
Why would a company bring it's price down just because they got a tax cut? Explain the logic, don't speculate on how they might feel.
Exactly what you are doing right now 😆
Because companies will be able to invest more back into capital and can gain efficiencies and pump up profitability. Also, cheaper energy costs will reduce costs on EVERYTHING else!
@@wiscowoody2716😂 you heard trump say that
@@wiscowoody2716
Have you EVER worked for a company?
Companies NEVER reinvest.
Growth comes from "cost savings"
not increased production.
I know what his economic plans means for our wallets. Bankruptcy.
To all the dummies out there that voted for Trump. This is what he meant by when he said “ I HAVE CONCEPTS OF A PLAN!” In conclusion …DONT BLAME BIDEN!!!
My husband is an Economist. We voted blue 💙
Thanks!
The whining that will come out of MAGA trailer parks will be epic.
Hey, I told everybody he wasn’t good for America, but they didn’t listen to me…. They’re gonna learn.
Why don't people pay attention to nobel prize-winning economists as they're the best of the best?
@@PAMELAPORTER-ci7mr they are missing some brain cells 😂
Nobel prize is a joke.
There were a fair number of 'decorated' economists out campaigning for Trump. The entire field of study is corrupted by dangerous shills like Larry Summers who are more like spin doctors than scientists.
Because those economists are not conveying the information in fun memes on social media! Our voting population needs to be entertained or they won't pay attention!
@@mikusoxlongius Like you know anything about the Nobel Prize! Ha!
LOL at MAGA in the comment coping and just saying "nuh uh" about economic facts most of us already knew before the election if Trump won. Facts don't care about your feeling's snowflakes! You voted for this. 😹
You can't call us snowflakes. Have you seen the liberal tears compilations lately ? Yyyyyyea. Snowflakes.......
LOL .. people think that if they vote they'll do well financially. Knowledge and fact do that for you because nobody else will.
Aug 11, 2016 · Now, Clinton says she's ready to impose tariffs too. "When countries break the rules, we won't hesitate to impose targeted tariffs," she told the crowd at a manufacturing plant in Warren, Michigan. < Hillary
Shut up Kamala fan
@@blackrocks8413the key word is targeted.
How can a man. Become President fighting a case in court do the Math
They dropped the charges the minute he was elected 😱 its almost like it was a politically motivated stunt against him
Becasue the US courts are all currupt.
I used to think that being unducated/uninformed wasn't the norm until I realized how many people within my very close proximity did not understand how anything works. We (as a country) are getting dumber 😢 God help us.
And Trump wants to defund the education department. Guess what? More dumb people who will vote for Republicans in the future.
Buy yourselves some strawberry roots in spring. I’ve heard strawberries gonna be $5 per berry.
Seriously? I need to open a strawberry farm!
MAGA!
@@imperialmotoring3789who you going to get to work the fields? The migrating labor force will mostly be deported. And like last time food will rot in the fields.
@@mrs.paperweight6036 I live in inner city Chicago. Zero of the illegals here work in the fields. What a racist stereotype you indulge in!
Who picked the cotton when the Republicans freed the slaves from the Democrats? Did it rot in the field?
@@imperialmotoring3789😂😂
On Wednesday the most Googled question was "what is a tariff," followed by "Can I change my vote?"
What economic plans??? Tariffs, tax cuts and starting project 2025 are all he has...
Im from Malaysia... Malaysia company will increase the price to cover usa tariff..... consumer in usa will pay for it.... simple understanding
This guy doesn't have a clue. When these major companies got their taxes, lowered they started with stock buy backs. The workers never got raise or better opportunities.
Billionaires and big business will get more money through the so called tax relief, keep it and the rest of be far worse off financially than now.
This comment sums it up for me and I've moved on:
Trump's supporters don't measure his success by what he does FOR them, they measure by what he does AGAINST people they don't like. That's why they see him as being "successful." This is why they will NEVER abandon him. His tormenting of the "others" sustains them.
I say we burn the current economy to where it was when Trump left office…let’s REALLY see what this 6 time bankrupt business person can do
We don't need to burn anything down, he has already said he is going to do it again as soon as he's sworn in.
that is what the buffonery of Biden/harris tried to do for 4 years
They will have buyers remorse real quick, wait they won't have any money. We warned them, but they knew better then the economist. 😂
Economics 101: Tariffs passed along to consumers as a tax - the "country" who sells the product doesnt pay for it. The company buying it eats the tariffs - and then passes it on to consumers.
Enjoy more inflation people next year people!
The question is why did we use to have balance trade until they passed policies that ended it in the nineties that gave us big trade deficits, a collapsed manufacturing base and the good paying jobs they provided.
@@Bill-g7d
corporate ownership greed.
You won't be taxed on tips directly but you will have to declare them as income in which they will be taxed. That means you will have to keep money aside for tax season so you can pay it yourself instead of getting it taken off before. Should be called "no tax on tips until tax season".
I don't think you understand how taxes work. The tax you pay through the year is the same tax you pay during tax time.
Back when people received cash tips, they usually didn't declare it.
you are supposed to already declare your tips as income on your taxes unless your trying to cheat the government.
@astorybook1738 True, but there are a lot of times people don't declare sources of income.
Allocated tips, card tips made optional. If you report, it raises reportable income, retirement, lender approvals via DTI. Or don't report and keep tax money. Pooled tips are already like this and just issued on W2.
No, you don’t have to declare your tips now apparently. So he got working class votes (waiters, bartenders, Uber drivers, hairstylists, etc) however, with the tariffs, we’re just going to pay for it all anyway. So we all become a little more broke and have less buying power. No tax on tips was a shiny thing to distract us.
@CBSNews - anyone else see the irony in one of the top 3 richest people in the world talking about _"short term pain"_ when referring to the cost of grocery shopping? 🤦
Trump do not have no Phan for the people
where was this report before the election
I pay more in taxes with his tax break to his buddies
Weird I got a tax cut.
Biden raised taxes not Trump
Look at how much tRump paid in income tax. Some years $0 and some years $750, while I paid over $10,000 on a lower middle class scale.
@@Howard-bj1jq Now remind me who decides what goes into tax laws and who passes them. And why are there thousands of pages of them?
There is no need to tax overtime when no one has jobs.
You cannot keep cutting revenue and expect the debt to decrease.
Trump voters probably failed economics at the high school level. They probably don't understand what a tarriff is no less define it. 😂
@@Samurian-j9h This Samurian-j9h appears to have failed American history at the high school level.
This Samurian-j9h is now educated to the historical fact that all President Trump voters understand that the United States have used the effective tool of tariffs to protect domestic business interests from foreign predatory business practices and to raise revenue for the federal government, ever since the Tarriff Act of 1789, resulting in a major catalyst to the American Industrial Revolution that is realized to this date and that this Samurian-j9h is the direct beneficiary of.
This Samurian-j9h remains every grateful and supportive of the economic prowess of President Trump and the effective Trump economic policies, due to this impromptu and free education that has been received.
So you want higher taxes? Unreal
If you stop spending on credit, your debt will decrease. Simple logic for sure, but that might be a bit too difficult for you.
@@facelessman9224 How do you propose we do that without harming Americans?
What it means, higher inflation, higher unemployment, lower foreign trade, higher illegal border crossings, Russia invading Poland, China invading Taiwan, North Korea invading South Korea, more women dying, more crime, lower wages, higher taxes for the middle class, and even worse consequences for the freedom loving peoples in the rest of the world.
Mighty fine projection you've got there, chum.
The price's are going higher. Because of the terafes in exports. Putting the economy into a bigger spin 😡
Terafes?
BUT ALL TRUMPER MEAN ... THE EGGS AND FOOD IS NOW CHEAPER !!!😁😅🤣😂🤭🤭🤭
spell much ??
@@Michael-hq1iq lmfao here comes the grammar police lmfao 🤣🤣 💀it’s called a typo do you need a dictionary
@@tasha1626You explain what a terafes is.
News today was Republican parties already applied to have Social Security and Donald Trump‘s not even in office yet. and remember you’re overtime pay won’t be taxed because you won’t receive overtime. You have to work 180 hours in one month before you will qualify for overtime. Your employee will cut your hours during the last week so you won’t receive overtime and don’t forget he also promised to cut minimum wage.
Where were you CBS before the election???? Why were you not screaming about this in your “journalism “????
I expect my grocery bill to be cut in half on inauguration day 😂😂😂😂😂😂😂😂😂😂😂🤦🏾♂️🤦🏾♂️🤦🏾♂️
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
I talk a lot about how important it is to have a CFA.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.
@@mariaguerrero08Mind if I ask you to recommend how to reach this particular coach you using their service?
*Izella Annette Anderson* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
What is it that americans do not understand about Tariffs. It is not a tax on the country supplying the goods, its a tax that buyers and importers pay to bring these goods into your country. The importers and buyers then pass this cost on to you the consumer. What then happens is that because the goods have doubled in price , you, the consumer then buys said goods and when you buys said goods you then pay more local taxes to the government . It does not in any way affect the country of origin where the goods are made. Trump thinks that the american public should be making these goods in america, forgetting that the raw material for said goods still have to be bought from abroad. These raw mareials will of course be subject to a tarrif. So the poor consumer will still be paying through the nose for said goods regardless of where they are made, wake up america.
Watch some RUclips videos where they ask college students and adults SIMPLE questions about math, geography, general knowledge, science, history, etc.
MANY don't know what 3 cubed (or squared) is much less how tariffs actually work.
Big majority of Americans who are college educated vote Democrat, non college educated vote Republican.
Maga'ers like turkeys voting yes for Thanksgiving!
A really doubt that companies will lower prices when they can gain all that profit.
They believe all his lies,now we will pay.
More takes in red states, blue states not paying your bills. States rights 🎉
What about swing states?
The short euphoria of success is far outweighed by the YEARS of regret ! 🤔
Prices will NEVER go back to where they are. In fact, when trump DEregulates, prices will again increase!!!
MACMA .... Make America cost more again !!! Clap, clap clap ...yay..... Tariffs are going to make everything go up.... I thought you guys wanted lower prices,not higher?????
It means that the country will burn.
So it's going to cost more regardless.
Exactly!
Stock up now folks. Kohls has a sale on towels. I don’t know of a towel brand produced in the USA now. I ordered a few for $2.49 each.
probably should buy a new cell phone now
@@0828-d4p That is a good point on the phones. Anna In Ohio
Most any clothes and shoes are all imported. Cellphones, flat screen tvs, most consumer electronics. A huge amount of manufacturing equipment like CNC machine tools, disposable tooling for those machines, raw materials that are used for the end product on these machines like steel, aluminum, most any of the high tech alloys that are used. Many companies utilize Chinese companies to build specialty tools for their manufacturing, like Tesla for example. All those robots and punch press dies and the presses to run them in and then there is the infamous Giga presses, a Chinese owned company made in Italy and these huge elaborate die casting dies that probably cost about a few million dollars to make, made in China. Everyone claims that Tesla is an American company but if it weren't for all the cheap equipment they buy from China those cars they make would probably cost twice as much.
Is this SPAM?
You towel shills really bug me.
No taxes on tips or overtime?
He doesn't believe in either. He wants employers to get tips and 160 hr work month to avoid overtime pay. Don the con.
Alot of simple minded Americans thought prices go down.,under trump.
You will support your parents or watch them die when social security is gone
Full of squat 3000% tariffs mean no sale , how would you feel if our manufactures payed there employees peanuts that's what the Chinese do to beat our prices.
As long as Trump doesn’t do anything stupid, which might be a lot to ask, like across-the-board tariffs or deporting a big chunk of our low-wage agriculture and construction workers, the economy is on track to be in pretty good shape. Honestly, it’d probably be better for us if he just lined his pockets and played golf for the next four years.
That would be a good scenario tbh, I m just worried my musky Musk and brainworm RFK but hopefully Trump lied to them and doesnt put them in power. RIP education, NOAA and maybe the CDC
How pathetic is it that we are hoping he doesn't actually show up at the office 🤞
Vance will be running the show and with a 222 republican house to 213 dem house to a 53 senate in Republicans hands. All bets are off on a Republicans to reform social safety net programs and any program benefiting regular people. Regulations handicapped by captains of industry heading departments who enforce regulations against said industries. The republican congress and Vance are in charge. Every Republican wet dream you think was draconian will pass with little push back and may go to court or be allowed to move forward because of conservative court tilt. Trump and McConnel were able to fill over 100 vacancies left by Obama. They were able to stack the courts in a conservative direction for decades to come. Hillary Clinton's ego and Joe Biden's ego to not step aside and the wealthy elites at DNC and the media are complicit in this as well. As the gap between the richest among us will grow ever deeper those who have no voice, power, or lobbyists fighting for them will suffer the harshest. America will be tested to see how far back we will go in terms of progress and humanity. How far will we allow Republicans to go in terms of tearing apart every progress made under FDR and human rights. How far Republicans effort for revenge will go and how much pain and suffering they will bring. They'll quote God and say this is his will given to them to execute. We will be tested on how we will act as many as 50 million people voted to crush poor people to benefit the rich and to give their false idol power revenge no matter whom shall suffer. Be strong my fellow Americans who did their civic duty to vote to try to stop it. We are all in this together and let us do what we can to protect ourselves and fight against tyrannical overreach. Dark times are ahead but there's always a light at sunrise.
I watched the same show that said the exact thing you just said. Come up with something original. The Left has gone too woke, they pass BS policies without the consent of the people. The American people have spoken and are ready for a change. The election results were quite evident. In case you mental patients need a reminder, here you go! (High inflation, high crime, border security, woke agenda, etc.) I live in California and can honestly say that Newsom has ruined the most beautiful state in the Nation with his BS policies he has forced onto citizens.
AB-957 (Gender Identity, this bill helps children transition to another sex without the parents consent. This is absolutely child abuse for any parent or guardian who would even consider this. The adolescent brain doesn’t develop until the age of 25 or later. Whoever thinks this is ok should not have children, PERIOD)
SB-1174 (No Voter ID Required, there is only one reason why such a bill would even be considered and passed three weeks before an election such as this bill, and that is to cheat, PERIOD)
Proposition 47 (The Safe Neighborhoods and Schools Act) This allows criminals to steal up to $950 and it’s considered a misdemeanor. Thank God that Prop 36 passed and will fix this. God bless and wake up or get the help you need.
You mean like exactly the things he repeatedly campaigned on and has been doubling down on since winning?
I give it a 50/50 shot.
Tough for them. They didn't listen to Kamala Harris and they deserve what they get!
But we will all suffer now
We should’ve had Harris as president, but nooooo. Thanks to trumpers our economy is going go down hill! 📉
Shame on cbs! Y’all could have reported things fairly.
He has no economic plan
He has a concept
He has nothing
@ he has nothing. He can’t even think for himself
Cost of living will be going up
We will get what we voted for! The rich will get richer and the poor will stay poor! #Americanfools
When in history have prices gone down in comparison to previous prices?
I did not see relief at all in my taxes, not at all
Nor will you now. You will see inflation continuing, though.