My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $80k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
He lying drilling will make thing cheaper thwurope buys our oil. U dont those two socialists won’t make poor. There no war with trump europe buy or oil is Biden an economy not trumps. Tax off tips mean we get keep them.
Are you an economist who knows what they are talking about to guage that? Or, are you just assuming everyone on youtube is an npc who is a subset of yourself? Is there a rule if they are on YT they do not do anything but YT?
@@marcusrosales3344if they’re economists, they aren’t watching videos like this to get an understanding of Trump’s economics in 2024. They’re likely clowns like you in blind defense of Trump because they think they know something economists don’t.
@@marcusrosales3344 It's usually safe to assume that RUclips commenters don't know what they are talking about, especially when it comes to something as complex as econ😂
i also find it funny, that he claims the EU is exporting more to the US than the other way around. I think normal goods are pretty much balanced but if we have a look at service, its a massiv deficit on the other side. So, maybe the EU should think about to put some taxes on US services to balance it out.
@@alexlehrersh9951can you elaborate on your thoughts? I have lived in both the EU and China, and I can confirm that there are pretty much no parallels between the two.
Dude he implemented a lot of this last term and the average us citizen did way better. Businesses did better. Literally everyone did better statistically. That’s why he’s polling high. Poor people did better under trump than Biden.
@shubamrachappanavar2708 he's only proposing to keep the current rates which will expire (only part of his plan that did) but if he goes further it will cause inflation. Taxes are a form of inflation reduction
I wish more Americans actually examined the impacts that their politician's proposals have had on countries that have actually implemented them. Want to devalue the dollar and get rid of central bank independence? Look at Turkey, Argentina, and others. No offense, because I am an American myself, but many Americans are shockingly ignorant of political developments in foreign countries. They think that a politician comes along with some new idea and think it is the best thing since sliced bread. There is nothing new under the sun. All of this has been tried before, and failed miserably. Even here in the US, the federal government over 100 years ago used to be funded largely through import tariffs, with only domestic monopolies, yawning inequality, and grinding poverty to show for it.
@@cameronsilloway8565you do know that 1929 was caused by the central bank giving credit to arbitrary things politicians tought would help the economy right? The first century was what gave United States the advantage and what gave the base to make them a superpower, look at their policies back then, If they had a central bank, their taxes, their tariffs.
@@davianoinglesias5030 worked out great the first time what could possible go wrong, Let's ignore the recessions starting 9 months before covid existed.
@@TheMilhouseExperienceif the only downside to not having amercia being compeltey destroyed is raising taxes on corporations so they pay their actual fair share not their bs view on what is "fair" im fine with it than having what the op statement is saying. Sorry not sorry
To be honest, I doubt it's a good idea to have a guy with 6 bankruptcies lead the executive branch of one of the world's largest governments, or even just determine optimal trade policies. *shrug*
@@TheMilhouseExperience thats your best arguemnt? You can just raise taxes on corporations and you would solve literally 90 percent of your problems. But since corproations bought our goverment and propragandize you into thnking taxing them is bad you cant see the forest through the tress buddy. you are being played like a fiddle and you dont even know it. Trumpeconomics and the polcies are going ot ruin this nation and your best argument to coutner that is "but muh taxes"
An economist who doesn’t understand how US bankruptcies work. You can file a restructuring bankruptcy. Businesses do it all the time. He personally never filed for bankruptcy. The dude has a ton of businesses…
@shubamrachappanavar2708 how did he increase inflation on a global scale then? Inflation happened across the globe i know shocking if you look outside america you will see a whole new perspective on life that isnt american exceptionalism.
Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
They are completely different. The problem with Trump approach is that he may start new wave of American isolationism. US growth may be slower, but USA would be more independent from rest of the world, hence less keen on enforcing Pax Americana. In theory then US could cut military spending, but wars around the world would be more common
Liz Truss messed up when she reduced taxes before reducing government spending, otherwise her policies actually would have worked as they have worked before with Thatcher
@@mimi21746 Firstly Trump ruled during global growth episode (with exception for the last year in office) so it was easier for growth in USA. Secondly I never wrote that US economy would collapse if Trump would get back in power - I am far more concerned about his external policy. And even if Trump would start trade war with the whole world, I never wrote that USA economy would stop growing, just that the growth would be slower than if there it was no duties. Also, you don't embargo Cuba, Iran and North Korea, because it is good for economy. You embargo them due to policy reasons and accept the fact you financially loose on embargoing them. Just the hit for USA may be barely noticeable why it may be catastrophic to the embargoed countries.
@justinr9753 so did the rest of the world. The US had one of the fastest drops in inflation. Your non sense only works if you ignore the global economic reality in 2021.
@@alexlehrersh9951 What do you mean "false"? Any opinion that doesn't line up with yours is "false" now? It's a lie? If you don't agree, that's fine, but the fuck do you mean "false"?
Because it is. lmao. China and Chinese manufacturer will by pass all of the tariffs but sending or creating factory from countries that doesn't have high tariff like Mexico and said that it's made from Mexico and not China. Countries are putting high tariffs in order to protect some of their important industry, not because they hate a certain country. lmao Edit: and you know putting factories in a country like Mexico will make China a reliable economic partner than the US which further weakens the US prestige in the global stage hence making China more powerful which is the exact opposite why this crook is running for the office of the president. lmao
A weaker dollar would help US exports?! Maybe if not all countries with a import tariff slapped on their exports will do the same thing for their imports from the US.
Trump's main voter base doesn't have the slightest clue what the word policy even means. They mainly care about banning abortion and keeping their guns
Yeah, most people hear “Promote American manufacturing” and “Less taxes” and don’t realize that there is also “Everything at the store is twice as expensive” to make up for the lost revenue of a nation already in debt.
@@zjdh3647 The us would be very different from Great Britain, in 2022 15.99% of all American goods were imported from other nations, compare that to Great Britain who has a much higher 30.06% of all goods imported, which almost halve of (14.42% of imports) comes from the EU, so we may just see the same effects on a small scale.
@@samuelspace101 the effects may be smaller in comparison to the whole economy yet they will be way bigger in absolut numbers. However i wasnt even saying that the us will suffer the same way but that trying to renegotiate a deal with the clear goal of benefiting yourself first and formost is an stupid idea to begin with and will most likely fail, espacilly if additional burdens for the other side are introduced regardless kf any new deal
@@roryoconnor8959 No, my fellow americans are too stupid to understand what it is they're voting for if the Fed Chairman was an elected position, and all of the shady superpac nonsense would then apply to what is currently a minimally political position. Appointed, yes, but fairly minimally politicized (at least for now).
What a 'coincidence' that he spoke nicely of Scotland and Germany when disparaging Europe, when his mother was Scottish and his father's family is German.
i dont like tumps ideas at all but genrally speakign. as long as the grotwh in debt is outgrown by increase infastucture and economy debt is "free" . USA is far away from beeing the worst in regards to debt compere to GDP. increasing the debt by decreasing you income is just silly though. but he´ll just pretend the income will even out until it wont and then claim increasing tax will hinder the econmoy so instead he´ll cut down on spending on public servies wich will also hinder the economy but with a bit of a dalay. so someone elses problems to fix. and he will claim it doesnt because the conservative politicisan gloablly are more likly to just lie.
@@insersed6525 You can do that ONCE as a country, because you'll never be able to issue bonds again after that, which every government needs to finance their long-term operations. If we're going to do that we need to be 100% sure that we are FULLY able to finance ALL operations with just domestic tax revenue.
@@insersed6525 would a bank lend you money if they know you can pay it back but dont? also this would single handaly destory the entire finance sector and collaps the economy shortly after.
@@clarencetseHe was stopped by the woke liberals just like Truss was, the conservatives globally have flawless policy that is systematically sabotaged by the same rising socialist threat that we had to put down when you guys failed in the 40s 🇺🇲
One thing that you shouldn't underestimate is how darn long 4 months is in a media cycle. John Steward pointed this out and I think there is quite some truth to it. I still gauge Biden's chances to be very low, but in 4 months nobody will remember this
@@BS-jw7nf These US election cycles are too damn long. Most people don't remember everything by the end and by the time voting starts, most people are probably just fed up with it and want it over with.
The Torrie's aren't conservative even if they like to pretend they are, they are a bunch of globalists who simp for Israel and have consistently increased migration, and they have consistently betrayed their voter base when it comes to policy.
@@angelantayhua3096 But they weren't the same economic policy though. Trump's is very isolationist, and in the UK they weren't (until 2021 when they finally left the EU). Just cuz they're both by conservative parties, doesn't mean they're the same
Mmm yes I love it when the guy claiming to be anti elite and pro worker does exclusively pro elite things. More cosplaying than a comic-con with this guy
@@derezzed6667 What part isn't pro elite lmao? How come the universal "and one point of my list is to reduce income tax" make millions blush and be like "omg finally someone making politics only for us people". While forgetting Corporations have like double the space on that list and rules and regulations which workers only a few Generations before died to finally get...are slashed.
The reason the Great depression went global was the U.S. imposing tariffs on all nations in order to combat deflation. What was probably not factored was other nations imposing Tariffs of their OWN to match the U.S Tariffs to make up for lost profits.
And cutting back existing social programs and refusing to create more social programs. Refusing to increase public spending. Allow criminal deregulation of businesses and the financial sector That's what they also did. And of course they were Republicans 😂😂
@Kalatakieta hey genius how does a dollar devaluation promote economic growth. How does destroying consumption the biggest power us economy has promotes growth? Or do you forget 1% aren’t the one pushing demand for goods. Please tell me how deflation, trickle down economics, unreliable/unsecured supply chains, and over leveraged property market bring economic prosperity. Nah it’ll just be the death kneel of the American middle class after Reaganomics, by the tax dodging draft dodging commander in chief. Flinging whatever at the wall isn’t a solution it’s a tantrum. Hilarious you consider this pathetic plan an actual industrial policy
He was putting some of these policies into motion under his last term, and our country was booming during that time. America can make alot of money by putting a tariff tax on everything, reducing the amount of taxes the goverment takes from the citizens which is technically stealing the money workers make.
@@Kalatakieta I agree. His tariff policies back then was enough to make us up to 800 billion dollars going into 2020. So if he plans to do more tariffs we will make alot more money meaning heavily reduced income tax on americans.
Yeah but tariffs also stimulated economic growth since the 1870s. It’s clear that protectionism helps the countries that don’t produce much and helps those that produce a lot. The US produced a lot in 1929 compared to the rest of the world but now we are behind China so we need more tariffs.
Introducing tarrifs for imports will make other countries introduce tariffs on your exports. If domestic production can't keep up for the improved demand due to less demand on the imported products due to higher costs, then the domestic product will become more expensive too, so everybody has to pay more (and buy less other things) or not purchase that product anymore
@@NzePriddie Scotland hasn't been a kingdom since 1707 when kingdoms of England (including Wales) and Scotland were united to form a single kingdom, the Kingdom of Great Britain. Later Ireland was united into that to, forming the United Kingdom of Great Britain and Ireland. When Ireland (without northern Ireland) left the union, we finally got the finally UK, which is still just one kingdom. Multiple kingdoms under one monarchs only existed in the years of the personal union, where they were separate kingdoms united by having the same ruler.
I strongly dislike Trump, but increasing tariffs on all imports may actually be good for the environment as it would considerably reduce maritime and air transport and encourage Americans to buy more local products. Not sure if it's better for American consumers though as they are going to pay more for the "made in America", but that's not my problem.
I would respectfully disagree. I'm neutral about Trump's admin, but he is promoting nationalism and reducing global trade. If he wants to decrease inflation, he would promote globalization and the liberalization of the trading system. There has been an increasing trend in countries for deglobalization. If anything, promoting domestic production and removing themselves from global trade with the idea of increasing tariffs will make U.S. industries less competitive, drive up prices of domestic goods, and possibly hurt the economy. Although, Trump's economics does have benefits its important to note the disadvantages that come with it.
I already expected him betraying worldwide democracy already. (Ukraine) But not with Taiwan against China. And especially not this suicide proposal for the entire American economy, betting the US has more workforce than it has.
Seluruh video ini dalam bahasa inggris, dan dibuat oleh orang Inggris mengenai sebuah bangsa yang umunnya berbahasa inggris. Kenapa kau komentar dalam bahasa Perancis? Apakah hanya ingin semata2 menonjolkan diri bahwa kau dari Québec ?
@@TheDSasterX welp I'm just doing the exact same thing to him... It's not like any body else cannot speak languages other than English. It's just so common to see québécois doing this in many videos in videos without any Québec, Canada or France being mentioned. Appearing themselves as different in a topic totally unrelated to them. Just wondering why.
@@N1ckZI can see that tbh, especially if the political spectrum isn't big. At the end of the day, people in power, whoever they are, can practically do whatever they want.
@@dudono1744 my thinking was that, by not punishing corporations for no reason like the EU does with it's regulations on the car and tech industries, a country could attract more businesses and therefore more jobs could be created and everyone would win.
@@N1ckZ I would add the public sector in the mix (that wouldn't be focused on profit but rather on being a solid option), mainly to prevent whatever completely degenerate strategy the private sector could engineer by teaming up. My reason for adding specifically adding the public sector rather than assume small businesses could just open up, grow and get rid of the degeneracy is that, well, shutting down a small business is much easier for a team of big businesses.
I think the question is whether it's worked for certain people. Trump's donors apparently think it will work for them. What I don't understand is how they expect to have an economy left after they take 40% profit margins out of the rest of us.
The only time protectionism works is short term to give an industry some time to adapt when other countries are flooding the market with either much better goods or usually much cheaper goods, apart from that, protectionism doesn't work and actually makes living standards worse by reducing competition and pushing prices up, hence why inflation would likely go up if Trump pushes hard on that agenda and all Americans would feel that.
@@paul1979uk2000 agree. Even then tariffs only work if you can get a large share of the consuming market to join you. Otherwise the cheap goods capture your global market share and isolate you in your little tariff market. Then you're just doomed unless something forces their prices up like yours, but even then you've lost brand recognition and loyalty. Good luck getting that back.
Protectionism works. Protectionism isn't a "on or off" switch. Tariffs on essential industries such as agriculture are essential, otherwise, your food security disappears, if your partners have a bad harvest and keep their food for their own people or a major war occurs, you are straight up dead.
Where were the wars while in office? Where was our economy at when he was in office? When does the self mutilation stop? Oh you just don't like that he's a little mean?
I'm no genius economist, but raising imported goods prices and reducing taxes wouldn't that mean its more likely foreign and domestic businesses invest inside the country? It opens more job opporunities and stimulate the economy?
Not always, it’s not cheap to do so, they are likely just to raise prices. The last trade war trump engaged in did not help the people it was meant to protect
The US is the biggest market in The World. This is were everyone wants to be. If The US was producing everything it's importing and consuming The US economy would be booming like no other economy in history. There would be work for everyone. And good jobs too! Everyone around the world is using protective tariffs against The US. It's time to do the same to them and get back to producing our own toys. And one more thing, I've heard the argument that raising tariffs only gets passed on to the consumer. Well if you don't buy something you don't pay the tariff. If enough people aren't buying then prices will have to drop to move product. Does that sound like a bad thing? If Trump's plan to eliminate The Income Tax works how much more money do people have to spend into the economy? One thing about The Income Tax is, you are going to pay it regardless unless you decide not to work at all. Look at domestic car manufactures nowadays. There selection is a fraction of what they used to offer years ago. And not only that but domestic cars have all become some sort of SUV that is unaffordable for most Americans. The US auto manufactures have lost so much market share in their own market they can't afford to produce cars anymore and have to produce high cost SUVs and make a killing off of each one! If US auto manufactures could regain their former market share then they could go back to offering cars at lower cost. Selling and producing more cars and models like they used to. The only way they stand a chance of doing that is to even out the playing field with higher tariffs on imports. How is it that foreign manufactures can produce quality cars at lower costs then Americans and ship them half way across The world? One reason is because they've gained such large market shares in The US. I bought a japanese car! It was a no brainier! It cost half the price of an American SUVs style vehicle. And it was far superior to any car The Americans were offering. I would have liked to purchase a domestic car, I've owned them in the past but they don't offer anything anymore!!!! In conclusion using protective tariffs, lowering corporate taxes would help stimulate the economy and investment inside The US and eventually increase tax revenues as The US economy boomed!! This along with increased US energy production would make America Great Again!!!!! You'll never hear this from a democrat though. They'll sink this country if they are allowed to continue with their insanity!!!
He did increased tariffs in his first term. No inflation speedrun. Biden further increased tariffs in 2023-24 no inflation speedrun now. Trump cut corporate and income taxes in 2017. No inflation speedrun.
I think that if Trump put tariffs on every import, other countries will do the same on US goods, meaning that devaluing the dollar won’t do much. Unless they make it super weak, which doesn’t sound like a good idea
Brics is also trying to make the dollar less valuable. Trumps into crypto. The same blockchain developed and stems from Russian gambling and online casinos
Trump never said he had any plans to put tariffs on "every import", it would be targeted tariffs against countries that were hurting the U.S. through illegal immigration.
The “economist” at the fed are either morons or evil. Every decade or so they cause a financial crisis which is horrible for the middle class but amazing for rich people who can buy artificially cheap stocks and us bank bonds.
Yeah... Remember that time when Trump said he was going to solve the nation's healthcare issues, and then we ended up with him saying, "who knew healthcare was so complicated?" Sure would be crazy if the exact same thing happened with our economy. 🙄
Too bad Biden is promised to save our economy, then doubled inflation, grocery prices, gas, and more, and NOW Kamala (the incumbent) is desperately trying to convince Americans she can fix it. Crybaby Kamala.
Why stop at their fair share? They've been undertaxed for so long, they should be paying extra to make up for all the outsized gains they've been making that compound on themselves year over year!
@@TheDSasterX Good luck doing that though.Who do you think lobbies and funds ur politicians? Big corps.They are the greatest evil the average person faces in almost any country on earth.
High tariffs and weaker dollar will kill this currency as an international money. If US introduce these tariffs, the partners will also raise their tariffs, so the US market won't be attractive more. Why do you keep dollar as a reserve, if its value is decreasing and you cannot import from the US due to high tariffs? Meanwhile, this policy is against the WTO agreement. The isolation never lead to higher competitiveness, so this is the policy to decay.
Our problem is that 90% of the goods we use are from another country halfway across the globe. Most of our American companies manufacture their products outside of the United States.
I'm not sure if Trump has ever held a single steadfast opinion. I'm sure someone here could pull up a clip of him saying a border wall would be bad for the economy or that China is a great trading partner lmao.
Good for US local industries, we Indians did it about the tariffs and yeah it did help the Local industries and when it became richer we lower tariffs but making Indian industries healthy to compete.
Looks like an economic policy of candidate that supports Bitcoin and scams. Edit: and yeah Americans love this economic policy of high tariffs when most of your products and soon to be products are made from China. Oh well, atleast Mexico is going to be fucking rich with this American economic policy. lmao
*it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
Yeah, I saw those doubled prices when I lived in Brasil, which had 100% tariffs. Unfortunately, a Republican sweep of the House, Senate and White House seems possible.
Reducing the size and scope of United States hegemony by closing the vast majority of the United States overseas military bases (In 2023, the US had 750 military bases in 80 countries) would be an excellent start to reducing the size and scope of Our bloated federal government.
So, is my understanding right? Tariffs on China products, sure sounds like protection, but what it actually means is that US buyers have to pay more and the cheap products from China is then less viable. Which for sure will increase costs in the US for consumers and how does that help anyone other than boost jobs in manufacturing sector, perhaps just temporarily?
Tariffs are only useful when a country is paying an unsustainable subsidy to get control of a market. This is like a store selling at a loss to drive competition out of business. Tariffs isolate the producer and make this a losing strategy, but only if you can get most of the market to agree to tariff them. The subsidy country will likely capture the non-tariff market, so you're betting you can either block off enough of the world to make the remaining demand too small or wait it out in the hope they collapse when subsidies run out. Trump adding tariffs with no allies is just creating a tariff Island and handing the rest of the world market to competitors. The USA market is big, but it isn't "sell here or go out of business" big.
You made one mistake: If people don't have income tax everyone has more money so the need for social handouts goes down so no money needs to be raised from tariffs.
I'm a small time business owner and if Trump wins I'm going to have to hike my prices up to keep from going out of business. So, do with that informatoon what you will.
Making America Great Again will make your family and America more money to have more money to spend on your business. You are only one business of thousands. To care just just particularly about yours who gives. So take it with your comment with what you will.
I guess the point of it is to be less reliant on china because if there is ever a war against them the sanctions would cripple the nation incredibly quickly. I wonder how this will go in the long term
Trump can’t actually do much of this without the legislature tho so if the democrats get control of the house of the house which could be possible since the republican majority is so small or the hold on to the senate, much of this will not be able to happen
Which rarely works because the other side will put around the same tariffs on the US to cancel them out, ultimately, neither side wins and actually, both sides lose. But we should remember that Trump is a radical, common sense is not his strongest point and also, the last thing the US needs is for the EU to look more friendly towards China, which if push comes to shove, could happen, that would put the US in a bit of a weak position as the EU would have far less need to listen to the US and could boost trade with China, pretty much wiping out a lot of the threats the US is doing on China, whiles at the same time making China a bigger threat to the US. Trump is a first class idiot, he's stupid enough to scare friends way, Europeans are already much more open on China then Americans are, if Trump plays hard ball, well good luck to the US as it will end up leading to isolation.
I appreciate the low amount of political bias in your video. However, I think spending a bit more time on analysis on each point might be more interesting. Tarrifs, lower taxes. Increasing tarifs will most likely reduce imports significantly and not be sufficient to cover taxes, most likely true. But lowering corporate tax rate and regulations would bring more companies locally and bring more jobs. These tarrifs would essentially allow small businesses to compete again with large companies like walmart. In the short term these prices may hurt everyday people but possibly in the long term, the prices drop as small businesses are able to exist and compete, maybe not down to current levels. However. Better jobs are needed. Meaning increase in gdp, which means more tax. Another thing to think about is the 2t spent from income tax. It is also possible to believe that the plan is for the federal government to be more efficient and require significantly less revenue. These are more ideas rather than fact at this point, but something I think you could investigate. See with something like this there are many layers and you need to think in the short term, medium term and long term of the economics. It's often not enough to go off the 1st layer effect. Anyway, just my thought.
How will tariffs and lowering cooperate tax help small business compete against larger businesses? It applies to all businesses located in the US the same way. So smaller businesses won’t have an advantage against bigger ones. Also the idea of economic growth through tax cuts being so big that they can compensate for the missing tax is rarely true. Especially in case of an already pretty much maxed out economy like the US (85.000 $ in 2024)
@-Q-lk9li Well, most government policies are very short-term. Meaning if they don't work in the short term, everyone starts to criticise, which then forces us to try something else. As for tarrifs on foreign goods: I am not saying 100% they will Idk, I was more arguing evaluating the policy over 3 parts. What happens In the short term? Medium term(1-5 years) long term (5+) However if you think about it. Many large business significantly benefit from imported goods. IE walmart which is their primary business model. If electronic A: imports for $5 and sells for $10 And the average American can produce that good for $8, we can't compete However if the tarrif changes the price of electoric A to 100% for example. Then it would cost $10 to import and force walmart to sell for $20 But now it's cheaper to produce here for $8 and either sell to walmart or undercut walmart and sell for $16. This is theoretical but is very plausible. Would need more time to evaluate outside a YT comment.
Also, consider that to produce the electric A for $8, it requires more skilled labor over minimum wage labor like walmart requires. And because a small business might not have as many expenses, it may not need the same level as margin either, meaning they could potentially sell for $11 or $12 Sure, it was slightly more expensive, but theoretically, the production of this good could require more skilled labor. Skilled labor typically does not get offered minimum wage. So in the long term maybe a 10-20% increase in goods. But a 40-50% increase in wages
I’m super thankful for channels like this who show that not only do most politicians not represent my interests, but also that media outlets are still predatory and the comments section makes me rethink certain historical no-nos.
I registered as a Republican right out of high school because I believed in fiscal conservatism and free-market capitalism over liberal bureaucracy, yet now the GOP has jumped off the cliff of fiscal conservatism straight into economic nationalism. It's crazy how anyone even slightly close to the center has become politically homeless because of the radicalization of the two parties, even Reaganite conservatives like myself.
I have to disagree with the radicalization thing - the Democratic Party is as centrist as they come. Maybe more socially progressive because there’s no third party and people like Bernie have to go to the Dems, but economically dead center. The Republican Party is off the deep end of conservatism on all fronts, the Democratic Party is just always dealing with being so centrist with no progressive party.
I'm always confused by how many factions the two big-tent US parties got and how to interpret them. It's like inside the two parties, and sometimes across the parties, are the smaller, more ideological movements I am familiar with but obscured.
@@gus8696I agree, there is no social democrat party in the USA. The Democratic party is largely a market liberal status quo with some very mild social liberalism. I think it's scarier when people start to think all they got is a non-choice. I might not vote for the libertarians or the christian democrats or greens near me but at least I have a choice to.
I’m a centrist “democrat” but you said it pretty perfectly I feel pretty politically homeless. Democratic immigration policy is a joke, but look at this shit right here if you even wanna think about voting republican. It’s messed up. Radicalism on both sides, probably less so on the democratic side but it’s not far off. For economics alone please vote blue bro this is not the way forward no matter which party you subscribe to.
@@goated6146 I get scared when that kind of apathy starts to seem reasonable to voters. Every Russian knows deep down that Putin and his books lie and steal but they think alternatives will do the same.
So when did Trump say he’s pulling out of nato? I’m pretty sure all he’s saying is that he’s sick of the United States being the bit h of the world and protecting everyone
He also claims to be sick of countries relying on USA and wants USA to be a global superpower. Defense agreements are one way nations projected power (without invasion) for the last 2000+ years. Countries can and do shop around for these deals. This combined with Trump's isolationist policies, deliberate pull out of international negotiations (like TPP & Iran), and tariffs are effectively handing territory to USA competitors. China had all the USA items struck from TPP and got it signed without USA while Trump had no plan besides leaving. Hardliners in Iran were handed a massive political win when USA broke promises and proved giving USA concessions is worthless. Next up is Russia, who will try to finish invading Ukraine.
"bit h of the world and protecting everyone", you want to be a superpower or not? If your answer is no, then all is good. But if you think you can be a superpower without the military strength and readiness to protect everyone in your sphere of interest, you have another thing coming.
@@mr.p215 Why are you so worried whether we’re a superpower or not? We’re still gonna have a strong military, we’re just not gonna use it to protect everyone anymore. Calm down dude
The US keeping the world order is absolutely within it's interest. The US economy was built on globalisation and a large military sector, cutting off ties with important allies in turbulent times is idiotic at best, treacherous at worst
Unless it's somehow a draw or a third party candidate ends up winning, I doubt it. Trump and Biden are roughly neck and neck. Trump's a little ahead but he's not far enough ahead for a Biden win to be a total shock, just somewhat less likely than a Trump win.
If I've learned anything from my Highschool history classes, enacting tariffs in a free market economy has almost always backfired, especially in times of recession and depression.
And after my ap macrodconomics class I look at this and my thought is: this is breaking every single calculation and rule I have done and learned. We put tarrifs on China already, and they fought back. What makes him think everyone else won't??
Tariffs are great We didn’t have income taxes until 1913. And tariffs are what we used to pay our governments bills before income taxes were implemented in the early 1900s
I love all the crystal ball economists here. They predicted the future when trump is not even president yet. And when they are wrong, they will just start another prediction hoping they will be right this time and they never are.
There are ways to predict what the economy does. Do you remember when in 2020 people said that Trump printing money would create inflation? What happened next exactly?
I think if you give the president you have today power over the federal bank, the president of 2050 will get the same power. And you do not know who that will be.
His foreign policy doesn't call for ditching NATO and Taiwan. He has said they need to pay more of the bill, or they would receive our protection. To me, it's insane to act like other countries should have to pay the lions share of their own defense. But of course, if they didn't offload most of the costs to the American taxpayer, they would probably have to sacrifice some of the social programs they insult America for not having.
Trump doesn't see reality. US spending is just 15.8% of the NATO budget, on par with Germany. That doesn't defend a country though, actual military spending is decided by the country itself and the high spending as a % of GDP was your governments own choice. Just what do you think you're paying for?
@@justinr9753 I agree, reacting to "the libs" and letting Comrade Orange tell you what to think does indeed remove the need to think for yourself. “Own the libs” is not actually a political philosophy.
Thank you for making this video without bull shit biases in it. Some of us just want to learn without the creators views being shoved down our throats. Much love from Texas.
The tariff idea to replace income tax is an interesting idea. In my opinion removing income taxes would put more money in people pockets to spend more money so I think trade valume may remain the same. This would also help make US goods cheaper in the US for American consumers. Nevertheless while this wouldn't necessarily benefit regular people, the super rich would get a really big tax break if he decides to also include them in this tariff scheme.
Most of these policies are a REAPONSE to how China - or the EU treat the US. They do have tariffs and restrictions on American goods. It is just fair to level the ground. Also, for decades the Europeans cheat in defense and have a free ride on Americans' expense. They have very generous social policies that Americans cannot afford. The war in Ukraine exposed how negligent and vulnerable Europeans are. In 2018 Trump asked the Europeans to invest more in defense, they laughed. They started doing it now, but it's late. The price of their irresponsibility are Ukrainian lives. So, you don't allow American cars? You don't allow American foods? You rely 100% on the American military? These things have a cost.
And you think the US subsidises EU defence for the good of their heart? The fact that the US picks up the defence Bill is a massive tool for influence on the old continent , the Moment the US doesn't guarantee defence and the EU remilitarises and more countries develop nuclear weapons, the US will lose essentialy a huge block of allies . Remember the US is based on hard power , the US without hard power has NOTHING.
Lol, youre forgetting how loaded the US became in the first place, selling their allies munitions and also loaning them the money to buy said munitions. Your country thrives on Europe's struggles. Sit.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $80k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@williamDonaldson432 Can you leave in details about your investment advisor here? I’m in dire need for one.
Can you leave in details about your investment advisor here? I’m in dire need for one.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
He lying drilling will make thing cheaper thwurope buys our oil. U dont those two socialists won’t make poor. There no war with trump europe buy or oil is Biden an economy not trumps. Tax off tips mean we get keep them.
The Dunning-Kruger effect is in full force in this comment section with all the wanna be economists
Are you an economist who knows what they are talking about to guage that?
Or, are you just assuming everyone on youtube is an npc who is a subset of yourself? Is there a rule if they are on YT they do not do anything but YT?
@@marcusrosales3344if they’re economists, they aren’t watching videos like this to get an understanding of Trump’s economics in 2024. They’re likely clowns like you in blind defense of Trump because they think they know something economists don’t.
@@marcusrosales3344 It's usually safe to assume that RUclips commenters don't know what they are talking about, especially when it comes to something as complex as econ😂
I am currently studying economics in school, so I feel like I know what I’m talking about.
Most of the comments about economics are from bots advertising for some financial planner or other.
Saying that EU is like China is crazy
Nopeits acurate
@@alexlehrersh9951 Trump supporter spotted opinion rejected
i also find it funny, that he claims the EU is exporting more to the US than the other way around. I think normal goods are pretty much balanced but if we have a look at service, its a massiv deficit on the other side. So, maybe the EU should think about to put some taxes on US services to balance it out.
@@alexlehrersh9951can you elaborate on your thoughts? I have lived in both the EU and China, and I can confirm that there are pretty much no parallels between the two.
Did you listen to the video. ALL of this is absolutely nuts. I doubt he even believes this himself
Runaway inflation, unrestricted corporate power, low corporate tax, regulation rollbacks.
Welcome to 1850 economic theory.
They want to go back to Gilden age, time of immorally rich and immorally poor
Dude he implemented a lot of this last term and the average us citizen did way better. Businesses did better. Literally everyone did better statistically. That’s why he’s polling high. Poor people did better under trump than Biden.
@@rooster-zg4ooThank Obama the economy was picking back up by the time he left office
@shubamrachappanavar2708 Yeah he's most likely going to borrow a few trillions to lower taxes just like last time.
@shubamrachappanavar2708 he's only proposing to keep the current rates which will expire (only part of his plan that did) but if he goes further it will cause inflation. Taxes are a form of inflation reduction
I wish more Americans actually examined the impacts that their politician's proposals have had on countries that have actually implemented them. Want to devalue the dollar and get rid of central bank independence? Look at Turkey, Argentina, and others. No offense, because I am an American myself, but many Americans are shockingly ignorant of political developments in foreign countries. They think that a politician comes along with some new idea and think it is the best thing since sliced bread. There is nothing new under the sun. All of this has been tried before, and failed miserably. Even here in the US, the federal government over 100 years ago used to be funded largely through import tariffs, with only domestic monopolies, yawning inequality, and grinding poverty to show for it.
idgaf lol 😹😹😹
@@DarknightRTG way to show your lack of intelligence and unwillingness to learn
Wrong. The greatest era of economic growth was when we had no federal reserve and solely import tariffs.
@@deus_vult8111 nobody tell this guy what happened in 1929
@@cameronsilloway8565you do know that 1929 was caused by the central bank giving credit to arbitrary things politicians tought would help the economy right? The first century was what gave United States the advantage and what gave the base to make them a superpower, look at their policies back then, If they had a central bank, their taxes, their tariffs.
So no money, no international reputation or trust, no oversight on corporations, and a gigantic cost increase in most goods. Sounds like a great plan
Sounds like you want your taxes raised.
😅and Trump in charge of the money printers😅
@@TheMilhouseExperience If it means living in a healthier society yes :)
@@davianoinglesias5030 worked out great the first time what could possible go wrong, Let's ignore the recessions starting 9 months before covid existed.
@@TheMilhouseExperienceif the only downside to not having amercia being compeltey destroyed is raising taxes on corporations so they pay their actual fair share not their bs view on what is "fair" im fine with it than having what the op statement is saying. Sorry not sorry
I anit an Economist but I don't think its a good idea to have a guy thats had to declare bankruptcy 6 times a seat on monetary policy.
To be honest, I doubt it's a good idea to have a guy with 6 bankruptcies lead the executive branch of one of the world's largest governments, or even just determine optimal trade policies. *shrug*
I think you should have Biden file your taxes and have your taxes raised again.
@@TheMilhouseExperience thats your best arguemnt? You can just raise taxes on corporations and you would solve literally 90 percent of your problems. But since corproations bought our goverment and propragandize you into thnking taxing them is bad you cant see the forest through the tress buddy. you are being played like a fiddle and you dont even know it. Trumpeconomics and the polcies are going ot ruin this nation and your best argument to coutner that is "but muh taxes"
An economist who doesn’t understand how US bankruptcies work. You can file a restructuring bankruptcy. Businesses do it all the time. He personally never filed for bankruptcy. The dude has a ton of businesses…
@shubamrachappanavar2708 how did he increase inflation on a global scale then? Inflation happened across the globe i know shocking if you look outside america you will see a whole new perspective on life that isnt american exceptionalism.
Preparing for the Impending Great Depression: Strategies for Thriving During The Great Reset. Wondering about the right timing for stock investments? Curious about the timeline for a complete economic recovery? Puzzled about how some individuals are generating over $450k in profits within months in the current market scenario? These questions have left me perplexed.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Trumponomics sould like Trussonomics. With the difference that lettucegirl wasn't going to drag the whole world with her.
They are completely different. The problem with Trump approach is that he may start new wave of American isolationism. US growth may be slower, but USA would be more independent from rest of the world, hence less keen on enforcing Pax Americana. In theory then US could cut military spending, but wars around the world would be more common
Liz Truss messed up when she reduced taxes before reducing government spending, otherwise her policies actually would have worked as they have worked before with Thatcher
@@Hadar1991you are acting as if he did not become president before and the US economy actually boomed
Weird because I keep hearing MAGA is economically populist and is actually more open to state control over the traditional republican economic policy.
@@mimi21746 Firstly Trump ruled during global growth episode (with exception for the last year in office) so it was easier for growth in USA. Secondly I never wrote that US economy would collapse if Trump would get back in power - I am far more concerned about his external policy.
And even if Trump would start trade war with the whole world, I never wrote that USA economy would stop growing, just that the growth would be slower than if there it was no duties.
Also, you don't embargo Cuba, Iran and North Korea, because it is good for economy. You embargo them due to policy reasons and accept the fact you financially loose on embargoing them. Just the hit for USA may be barely noticeable why it may be catastrophic to the embargoed countries.
4:50 Hilarious that after 4 years of whining about inflation, Trump is now openly promising to *create* inflation.
He'll just convince his cult that it's Biden's fault, and they'll believe him. 🙄
If Trump team doesn’t do that what will he promise next time he runs for president or support a runner.
We had a lot more under JoB then we did with 25 percent tariffs
@justinr9753 so did the rest of the world. The US had one of the fastest drops in inflation. Your non sense only works if you ignore the global economic reality in 2021.
@@willjapheth23789well thats a lie isnt it
I propose that the United States should have real economists handling all these matters, not the politicians.
That's why the federal reserve exists
Economists advise the politicians but the politicians don't listen to them.
Most of these policies sound terrible.
False
@@alexlehrersh9951 What do you mean "false"? Any opinion that doesn't line up with yours is "false" now? It's a lie? If you don't agree, that's fine, but the fuck do you mean "false"?
Because it is. lmao. China and Chinese manufacturer will by pass all of the tariffs but sending or creating factory from countries that doesn't have high tariff like Mexico and said that it's made from Mexico and not China. Countries are putting high tariffs in order to protect some of their important industry, not because they hate a certain country. lmao
Edit: and you know putting factories in a country like Mexico will make China a reliable economic partner than the US which further weakens the US prestige in the global stage hence making China more powerful which is the exact opposite why this crook is running for the office of the president. lmao
@Talisguy that's just Americans online 😂
Trump doesn't have policies, he has impulses.
A weaker dollar would help US exports?!
Maybe if not all countries with a import tariff slapped on their exports will do the same thing for their imports from the US.
this may have worked before the 2000s or even before 2010, now countries can just import industrial goods from china and germany
😅there is also no way people are going to buy Chevy's and Fords when Toyotas and Hondas are around
As someone living the EU an extremely devalued dollar sounds great for my energy bill.
Countries are free to slap their own tariffs on US exports ... it's isolationism
Fundamentally? Yes. In reality? I guess we’ll be finding out soon.
"How to do EVERYTHING wrong and still get people to like you."
religion of course
Trump's main voter base doesn't have the slightest clue what the word policy even means. They mainly care about banning abortion and keeping their guns
Yeah, most people hear “Promote American manufacturing” and “Less taxes” and don’t realize that there is also “Everything at the store is twice as expensive” to make up for the lost revenue of a nation already in debt.
Magas have cognitive dissonance.
Cause a bunch of young brain dead idiots thinks he’s funny and will vote for him. Watch them regret.
Everyone seems to want to beat liz truss’s speedrun 😂😂
American president is voted In by the popular vote. If trump win he's prz for 4 years no matter his popularity, assuming he doesn't break any laws
Well if Trump does win in November, maybe it would be good to see him do a Liz Truss speed run if it meant he'd resign after a month 😂
USA TRUMP are not AUSTRALIA
year 2024 July YOU'RE USA TRUMP EVIL TRUE
USA 🇺🇸 TRUMP EVIL
....How the hell is the EU ANYTHING like China!?
...Please, someone explain that to me.
Trump means they are like China in an economic sense, ie exploiting the rest of the world by rigging their trade relations
He is likely referring to trade terms between the EU and US, and is looking to renegotiate them in a more favorable way.
@@flash-cb5tr thatll surely work out for him.
Exactly like it worked for the UK
@@zjdh3647 The us would be very different from Great Britain, in 2022 15.99% of all American goods were imported from other nations, compare that to Great Britain who has a much higher 30.06% of all goods imported, which almost halve of (14.42% of imports) comes from the EU, so we may just see the same effects on a small scale.
@@samuelspace101 the effects may be smaller in comparison to the whole economy yet they will be way bigger in absolut numbers.
However i wasnt even saying that the us will suffer the same way but that trying to renegotiate a deal with the clear goal of benefiting yourself first and formost is an stupid idea to begin with and will most likely fail, espacilly if additional burdens for the other side are introduced regardless kf any new deal
Less independent central bank? Ugh. Dude wants to turn us into Argentina
OR ERDOGAN'S TURKEY
You mean this video presenter wants to turn us into Argentina?
Would you prefer to vote on who controls the central bank or not?
@@roryoconnor8959 I would prefer not because that would mean giving all you fucks voting rights too. And i know how bad economic literacy is
@@roryoconnor8959 No, my fellow americans are too stupid to understand what it is they're voting for if the Fed Chairman was an elected position, and all of the shady superpac nonsense would then apply to what is currently a minimally political position. Appointed, yes, but fairly minimally politicized (at least for now).
Only originals remember when the title was Trump Economics YT1
never forgetti
Great title! ☝️💪
That implies there would be a YT2 soon
... PREPARE THE SEQUEL NOW TLDR NEWS
@@TheTophatCheeseyo bidenomics maybe
They should have kept it. It's very catchy
Title sounds like a course that would be taught at Trump University
A curse
PragerU
Trust me bro economics
Wasn't that one of his failed businesses? 😅
@@liphrium9858 TRUst Me... Bro?
What a 'coincidence' that he spoke nicely of Scotland and Germany when disparaging Europe, when his mother was Scottish and his father's family is German.
It's an honor to be here when the title is a cryptic file name
Title goes hard
From Kazakhstan?
Let’s not forget: more debt, more borrowing. The staple of every American administration regardless of party affiliation.
Biden lowered the 10-year (single borrowing happens through long term bonds) deficit actually
i dont like tumps ideas at all but genrally speakign. as long as the grotwh in debt is outgrown by increase infastucture and economy debt is "free" . USA is far away from beeing the worst in regards to debt compere to GDP.
increasing the debt by decreasing you income is just silly though. but he´ll just pretend the income will even out until it wont and then claim increasing tax will hinder the econmoy so instead he´ll cut down on spending on public servies wich will also hinder the economy but with a bit of a dalay. so someone elses problems to fix. and he will claim it doesnt because the conservative politicisan gloablly are more likly to just lie.
Why should Americans worry about debt? America could just say screw you to the banks and just, not pay the debt.
@@insersed6525 You can do that ONCE as a country, because you'll never be able to issue bonds again after that, which every government needs to finance their long-term operations. If we're going to do that we need to be 100% sure that we are FULLY able to finance ALL operations with just domestic tax revenue.
@@insersed6525 would a bank lend you money if they know you can pay it back but dont? also this would single handaly destory the entire finance sector and collaps the economy shortly after.
I don't see how anyone can look at Trump's vacillation on his China tariff policy and trust him to meet any campaign promises.
He kinda already did
@@dyfrigshandy yeah he really built that wall and made mexico pay for it right?
@@clarencetseHe was stopped by the woke liberals just like Truss was, the conservatives globally have flawless policy that is systematically sabotaged by the same rising socialist threat that we had to put down when you guys failed in the 40s 🇺🇲
I trust him more than Biden tho
@@clarencetse claren, You seem sad that Trump carried thru with building the wall.
Did that keep some illegal out that you wanted in?
One thing that you shouldn't underestimate is how darn long 4 months is in a media cycle. John Steward pointed this out and I think there is quite some truth to it. I still gauge Biden's chances to be very low, but in 4 months nobody will remember this
@@BS-jw7nf These US election cycles are too damn long. Most people don't remember everything by the end and by the time voting starts, most people are probably just fed up with it and want it over with.
Probably Biden wouldn't run for election. Even Obama and Nancy Pelosi advised Biden to drop off.
HHAHAHAHAHHAHAHA, this aged well. Delusional
Because bidenomics worked so well.
REAL
Actually it does work well.
lmao gas prices went up these 4 years
You probably didn't watch the video.
@@coledajit7362what do you think that was down to?
England has shown us that 14 years of conservative economic policy ruins your economy
US hasn't had 14 years in a row, so point? Also, England? It's the UK.
@@gustavju4686the point is this is how the effects of conservative policies look like in the long term.
The Torrie's aren't conservative even if they like to pretend they are, they are a bunch of globalists who simp for Israel and have consistently increased migration, and they have consistently betrayed their voter base when it comes to policy.
@@angelantayhua3096 these party in Britain is not even conservative in the slightest. Is it so hard to understand?
@@angelantayhua3096 But they weren't the same economic policy though. Trump's is very isolationist, and in the UK they weren't (until 2021 when they finally left the EU). Just cuz they're both by conservative parties, doesn't mean they're the same
Trump Economics YT1 is title
was title
Great non bias reporting. Thanks for this 👍
Debatable.
@@anniw.4737 the guy isnt american, thats as unbiased as we can get these days
@@gothic_ace2037Neither is George Soros, but he spends many millions of dollars manipulating the USA towards socialism.
Hopefully, Americans would looove amazingly high prices on everything.
Like the term they are facing now with sleepy biden at the wheel? The middleclass and impoverished don't seem to be too happy
Well, the poor would anyway.😅🤣😂
Mmm yes I love it when the guy claiming to be anti elite and pro worker does exclusively pro elite things. More cosplaying than a comic-con with this guy
What part is exactly pro elite?
The lower corporate taxes probably@@derezzed6667
@@derezzed6667
What part isn't pro elite lmao? How come the universal "and one point of my list is to reduce income tax" make millions blush and be like "omg finally someone making politics only for us people". While forgetting Corporations have like double the space on that list and rules and regulations which workers only a few Generations before died to finally get...are slashed.
The reason the Great depression went global was the U.S. imposing tariffs on all nations in order to combat deflation. What was probably not factored was other nations imposing Tariffs of their OWN to match the U.S Tariffs to make up for lost profits.
And
cutting back existing social programs and refusing to create more social programs.
Refusing to increase public spending.
Allow criminal deregulation of businesses and the financial sector
That's what they also did.
And of course they were Republicans 😂😂
As an American, these policies are terrifying
I actually think they're pretty good. Stimulating growth inside the country and relying less on the outside.
@Kalatakieta hey genius how does a dollar devaluation promote economic growth. How does destroying consumption the biggest power us economy has promotes growth? Or do you forget 1% aren’t the one pushing demand for goods. Please tell me how deflation, trickle down economics, unreliable/unsecured supply chains, and over leveraged property market bring economic prosperity. Nah it’ll just be the death kneel of the American middle class after Reaganomics, by the tax dodging draft dodging commander in chief. Flinging whatever at the wall isn’t a solution it’s a tantrum. Hilarious you consider this pathetic plan an actual industrial policy
He was putting some of these policies into motion under his last term, and our country was booming during that time. America can make alot of money by putting a tariff tax on everything, reducing the amount of taxes the goverment takes from the citizens which is technically stealing the money workers make.
@@Kalatakieta I agree. His tariff policies back then was enough to make us up to 800 billion dollars going into 2020. So if he plans to do more tariffs we will make alot more money meaning heavily reduced income tax on americans.
@@halcyonjesuslmao okay keep believing this fantasy
Trump Economics YT1 is a masterpiece title
Just remember tariffs help make the Great Depression even greater and that Scotland isn’t independent!
Scotland is a Kingdom. UK = United Kingdom.
Yeah but tariffs also stimulated economic growth since the 1870s.
It’s clear that protectionism helps the countries that don’t produce much and helps those that produce a lot.
The US produced a lot in 1929 compared to the rest of the world but now we are behind China so we need more tariffs.
Yes just take a look at the Smoot Hawley tariff act of 1930.
Introducing tarrifs for imports will make other countries introduce tariffs on your exports. If domestic production can't keep up for the improved demand due to less demand on the imported products due to higher costs, then the domestic product will become more expensive too, so everybody has to pay more (and buy less other things) or not purchase that product anymore
@@NzePriddie Scotland hasn't been a kingdom since 1707 when kingdoms of England (including Wales) and Scotland were united to form a single kingdom, the Kingdom of Great Britain. Later Ireland was united into that to, forming the United Kingdom of Great Britain and Ireland. When Ireland (without northern Ireland) left the union, we finally got the finally UK, which is still just one kingdom. Multiple kingdoms under one monarchs only existed in the years of the personal union, where they were separate kingdoms united by having the same ruler.
I strongly dislike Trump, but increasing tariffs on all imports may actually be good for the environment as it would considerably reduce maritime and air transport and encourage Americans to buy more local products. Not sure if it's better for American consumers though as they are going to pay more for the "made in America", but that's not my problem.
Tariffs will push up inflation and consumer prices will be higher
I would respectfully disagree. I'm neutral about Trump's admin, but he is promoting nationalism and reducing global trade. If he wants to decrease inflation, he would promote globalization and the liberalization of the trading system. There has been an increasing trend in countries for deglobalization. If anything, promoting domestic production and removing themselves from global trade with the idea of increasing tariffs will make U.S. industries less competitive, drive up prices of domestic goods, and possibly hurt the economy. Although, Trump's economics does have benefits its important to note the disadvantages that come with it.
En plus d'être à risque pour la démocratie et la liberté , une élection de Trump serait néfaste pour l'économie de son propre pays... Bravo champion 😖
I already expected him betraying worldwide democracy already. (Ukraine) But not with Taiwan against China. And especially not this suicide proposal for the entire American economy, betting the US has more workforce than it has.
Not really. Democracy and freedom never existed cause the US is only rlly controlled by 2 parties.
Seluruh video ini dalam bahasa inggris, dan dibuat oleh orang Inggris mengenai sebuah bangsa yang umunnya berbahasa inggris. Kenapa kau komentar dalam bahasa Perancis? Apakah hanya ingin semata2 menonjolkan diri bahwa kau dari Québec ?
@@218kq Let bro cook. Ironically doing the same thing doesn't help. RUclips can translate comments anyways so write in whatever's most comfortable.
@@TheDSasterX welp I'm just doing the exact same thing to him... It's not like any body else cannot speak languages other than English. It's just so common to see québécois doing this in many videos in videos without any Québec, Canada or France being mentioned. Appearing themselves as different in a topic totally unrelated to them. Just wondering why.
Oh boy I sure do love having a candidate who is literally just a tool for making corporations more powerful
Corporations hate tariffs
Unironically. There is nothing wrong with powerful corporations
@@N1ckZI can see that tbh, especially if the political spectrum isn't big. At the end of the day, people in power, whoever they are, can practically do whatever they want.
@@dudono1744 my thinking was that, by not punishing corporations for no reason like the EU does with it's regulations on the car and tech industries, a country could attract more businesses and therefore more jobs could be created and everyone would win.
@@N1ckZ I would add the public sector in the mix (that wouldn't be focused on profit but rather on being a solid option), mainly to prevent whatever completely degenerate strategy the private sector could engineer by teaming up. My reason for adding specifically adding the public sector rather than assume small businesses could just open up, grow and get rid of the degeneracy is that, well, shutting down a small business is much easier for a team of big businesses.
Protectionism has been tried many times in history and it has never worked
I think the question is whether it's worked for certain people. Trump's donors apparently think it will work for them. What I don't understand is how they expect to have an economy left after they take 40% profit margins out of the rest of us.
It did worked.(US late 19th and early 20th century)
The only time protectionism works is short term to give an industry some time to adapt when other countries are flooding the market with either much better goods or usually much cheaper goods, apart from that, protectionism doesn't work and actually makes living standards worse by reducing competition and pushing prices up, hence why inflation would likely go up if Trump pushes hard on that agenda and all Americans would feel that.
@@paul1979uk2000 agree. Even then tariffs only work if you can get a large share of the consuming market to join you. Otherwise the cheap goods capture your global market share and isolate you in your little tariff market. Then you're just doomed unless something forces their prices up like yours, but even then you've lost brand recognition and loyalty. Good luck getting that back.
Protectionism works. Protectionism isn't a "on or off" switch. Tariffs on essential industries such as agriculture are essential, otherwise, your food security disappears, if your partners have a bad harvest and keep their food for their own people or a major war occurs, you are straight up dead.
This guy is so dangerous can't believe people can't see through his fugazi
simple people are just so partisan these days
like he himself said: he loves the uneducated :)
@@roccociccone597never said but ok
Where were the wars while in office? Where was our economy at when he was in office? When does the self mutilation stop? Oh you just don't like that he's a little mean?
I'm no genius economist, but raising imported goods prices and reducing taxes wouldn't that mean its more likely foreign and domestic businesses invest inside the country? It opens more job opporunities and stimulate the economy?
Not always, it’s not cheap to do so, they are likely just to raise prices. The last trade war trump engaged in did not help the people it was meant to protect
Only if the other side of the trade doesn't retaliate which they almost always do.
But this would mean that countries won't buy american exports because they can't afford them after they had lost their jobs
The US is the biggest market in The World. This is were everyone wants to be. If The US was producing everything it's importing and consuming The US economy would be booming like no other economy in history. There would be work for everyone. And good jobs too!
Everyone around the world is using protective tariffs against The US. It's time to do the same to them and get back to producing our own toys. And one more thing, I've heard the argument that raising tariffs only gets passed on to the consumer. Well if you don't buy something you don't pay the tariff. If enough people aren't buying then prices will have to drop to move product. Does that sound like a bad thing? If Trump's plan to eliminate The Income Tax works how much more money do people have to spend into the economy?
One thing about The Income Tax is, you are going to pay it regardless unless you decide not to work at all. Look at domestic car manufactures nowadays. There selection is a fraction of what they used to offer years ago. And not only that but domestic cars have all become some sort of SUV that is unaffordable for most Americans. The US auto manufactures have lost so much market share in their own market they can't afford to produce cars anymore and have to produce high cost SUVs and make a killing off of each one! If US auto manufactures could regain their former market share then they could go back to offering cars at lower cost. Selling and producing more cars and models like they used to. The only way they stand a chance of doing that is to even out the playing field with higher tariffs on imports. How is it that foreign manufactures can produce quality cars at lower costs then Americans and ship them half way across The world? One reason is because they've gained such large market shares in The US. I bought a japanese car! It was a no brainier! It cost half the price of an American SUVs style vehicle. And it was far superior to any car The Americans were offering. I would have liked to purchase a domestic car, I've owned them in the past but they don't offer anything anymore!!!! In conclusion using protective tariffs, lowering corporate taxes would help stimulate the economy and investment inside The US and eventually increase tax revenues as The US economy boomed!! This along with increased US energy production would make America Great Again!!!!!
You'll never hear this from a democrat though. They'll sink this country if they are allowed to continue with their insanity!!!
Bro is going for the inflation speed run record
He did increased tariffs in his first term. No inflation speedrun. Biden further increased tariffs in 2023-24 no inflation speedrun now. Trump cut corporate and income taxes in 2017. No inflation speedrun.
Trump 2024
Trump for prison
I think that if Trump put tariffs on every import, other countries will do the same on US goods, meaning that devaluing the dollar won’t do much. Unless they make it super weak, which doesn’t sound like a good idea
Brics is also trying to make the dollar less valuable. Trumps into crypto. The same blockchain developed and stems from Russian gambling and online casinos
US goods?
@@iwantgoat I was speaking hypothetically 😬
@@Pesso86 That's right, the U.S is a consumer, other than grain, we don't produce much.
Trump never said he had any plans to put tariffs on "every import", it would be targeted tariffs against countries that were hurting the U.S. through illegal immigration.
I am pleased that we in the UK now have adults in charge, that can hopefully shield us from some of this madness.
Stock up on the hijab mate. You are going to need it
@@xerctam7612I can smell a Farage from voter a mile away
Politicians instead of economists making decisions on monetary policy, what on earth could go wrong?
35 trillion in debt plus that can never be repaid. He couldn't do worse
@@nitehawk9270 You have no clue what you're talking about
The “economist” at the fed are either morons or evil. Every decade or so they cause a financial crisis which is horrible for the middle class but amazing for rich people who can buy artificially cheap stocks and us bank bonds.
We should just vote for economists then, instead of politicians.
That would just make them politicians.
Trump will add tariffs and then replace them with VAT. It only truely affects the poor and working classes.
Yeah... Remember that time when Trump said he was going to solve the nation's healthcare issues, and then we ended up with him saying, "who knew healthcare was so complicated?" Sure would be crazy if the exact same thing happened with our economy. 🙄
Too bad Biden is promised to save our economy, then doubled inflation, grocery prices, gas, and more, and NOW Kamala (the incumbent) is desperately trying to convince Americans she can fix it. Crybaby Kamala.
3:25 fk big corporations they should pay their fair share and we should close tax loopholes
Unfortunately republicans are really pro big corpo
Why stop at their fair share? They've been undertaxed for so long, they should be paying extra to make up for all the outsized gains they've been making that compound on themselves year over year!
@@TheDSasterX Good luck doing that though.Who do you think lobbies and funds ur politicians? Big corps.They are the greatest evil the average person faces in almost any country on earth.
The loopholes are used by the same people donating to both parties. They'll never be closed or a new one will open in it's place.
@@carboncopy4183 revolution
In Costa Rica, big tariffs just make everything more expensive.
Trussonomics the sequel
Trump saw how Truss's BS went down, and thought to himself, "those are rookie numbers".
Far better than Trudeaunomics
High tariffs and weaker dollar will kill this currency as an international money. If US introduce these tariffs, the partners will also raise their tariffs, so the US market won't be attractive more. Why do you keep dollar as a reserve, if its value is decreasing and you cannot import from the US due to high tariffs? Meanwhile, this policy is against the WTO agreement. The isolation never lead to higher competitiveness, so this is the policy to decay.
Our problem is that 90% of the goods we use are from another country halfway across the globe. Most of our American companies manufacture their products outside of the United States.
Trying to decipher Trump's thoughts on economic policy? Good luck with that.
He doesn't have policies. He has whims and impulses.
He just mentioned that “Trump has made often contradictory remarks on his economic policy.”
I'm not sure if Trump has ever held a single steadfast opinion. I'm sure someone here could pull up a clip of him saying a border wall would be bad for the economy or that China is a great trading partner lmao.
Tarrifs will just Raise prices
Right!!!
We much continue exploiting cheap labor overseas! It is the only way
Good for US local industries, we Indians did it about the tariffs and yeah it did help the Local industries and when it became richer we lower tariffs but making Indian industries healthy to compete.
Looks like an economic policy of candidate that supports Bitcoin and scams.
Edit: and yeah Americans love this economic policy of high tariffs when most of your products and soon to be products are made from China. Oh well, atleast Mexico is going to be fucking rich with this American economic policy. lmao
fr
A lot of American farmers depend on the Chinese market. When China tariffs back, as they have in the past, it'll hurt hard.
*it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
If you’re using a good manager, it’s easier to earn from the market
I’ve been seeing lots of recomendations about VICTORIA K WALTER she must be really good
Of course I got my returns two days ago. I'm glad I gave her a try, still
reinvested and it’s ongoing
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
I recently got into forex and I’m already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Scotland isn’t even in the EU. He has absolutely no clue about anything
And price of all goods will go up by 100 percent in usa. Thats indirect tax
If these maximal policies are actually put in place, maybe. That's almost certainly not going to happen
Yeah, I saw those doubled prices when I lived in Brasil, which had 100% tariffs.
Unfortunately, a Republican sweep of the House, Senate and White House seems possible.
It’s pretty interesting to learn just how little I know about the economy.
Ditching Taiwan has to be the dumbest thing I've heard. Is this real?
Yup unfortunately
Trump's in the pockets of China and Russia, he's doing this for them.
He hates china yet will let china do whatever it wants??
Reducing the size and scope of United States hegemony by closing the vast majority of the United States overseas military bases (In 2023, the US had 750 military bases in 80 countries)
would be an excellent start to reducing the size and scope of Our bloated federal government.
@@Jorge-e4c2l And would open the door to China invading, leading to WW3. Yeah, that'll help.
So, is my understanding right? Tariffs on China products, sure sounds like protection, but what it actually means is that US buyers have to pay more and the cheap products from China is then less viable. Which for sure will increase costs in the US for consumers and how does that help anyone other than boost jobs in manufacturing sector, perhaps just temporarily?
Tariffs are only useful when a country is paying an unsustainable subsidy to get control of a market. This is like a store selling at a loss to drive competition out of business. Tariffs isolate the producer and make this a losing strategy, but only if you can get most of the market to agree to tariff them. The subsidy country will likely capture the non-tariff market, so you're betting you can either block off enough of the world to make the remaining demand too small or wait it out in the hope they collapse when subsidies run out.
Trump adding tariffs with no allies is just creating a tariff Island and handing the rest of the world market to competitors. The USA market is big, but it isn't "sell here or go out of business" big.
NO this is to stop Chinese sellers who exports directly and flood the market creating a supply and demand issue.
You made one mistake: If people don't have income tax everyone has more money so the need for social handouts goes down so no money needs to be raised from tariffs.
I'm a small time business owner and if Trump wins I'm going to have to hike my prices up to keep from going out of business. So, do with that informatoon what you will.
As if Biden cares about your small business. All of us working Americans and business owners taxes go straight to foreign nations.
Making America Great Again will make your family and America more money to have more money to spend on your business. You are only one business of thousands. To care just just particularly about yours who gives. So take it with your comment with what you will.
@@btaylor9788 lmfao , dumb take
@@btaylor9788 You just described mass inflation... please take an economics course
I guess the point of it is to be less reliant on china because if there is ever a war against them the sanctions would cripple the nation incredibly quickly. I wonder how this will go in the long term
It's called Reaganomics. We tried it, it didn't work great.
Highest economic growth occurred under both reagen and Clinton if anything new deal Keynesianism is a proof of failure
No? This isn’t reaganomics
This isn’t Reaganomics.
Reagan wasn’t a fan of Tariffs as he was a Neoliberal and a big supporter of free trade.
Trump is the opposite in this regard
@@ArchieReilly Allow me to elaborate. It's Reaganomics but with tariffs so it's even worse.
@@adamik2271 How so?
You love Brilliant, we get it!!
Trump can’t actually do much of this without the legislature tho so if the democrats get control of the house of the house which could be possible since the republican majority is so small or the hold on to the senate, much of this will not be able to happen
2:53 Scotland & Germany? The 2 nations of Europe that Trump has heritage from?
Many of us are not proud of that fact.
lol, $20 says most people in here talking like they understand Trumps plan dont even have a savings account.
10% tariffs on all imported goods with Americas largest trade partner. Again.
Which rarely works because the other side will put around the same tariffs on the US to cancel them out, ultimately, neither side wins and actually, both sides lose.
But we should remember that Trump is a radical, common sense is not his strongest point and also, the last thing the US needs is for the EU to look more friendly towards China, which if push comes to shove, could happen, that would put the US in a bit of a weak position as the EU would have far less need to listen to the US and could boost trade with China, pretty much wiping out a lot of the threats the US is doing on China, whiles at the same time making China a bigger threat to the US.
Trump is a first class idiot, he's stupid enough to scare friends way, Europeans are already much more open on China then Americans are, if Trump plays hard ball, well good luck to the US as it will end up leading to isolation.
That’s wrong our largest trade partner isn’t China it’s Mexico and they have a trade agreement with us.
@@mattosmondosmond4632 That's wrong, our largest trade partner is Canada. Do not drop out of school people.
Wrong. It's Mexico.
Tariffs are dumb.
I appreciate the low amount of political bias in your video.
However, I think spending a bit more time on analysis on each point might be more interesting.
Tarrifs, lower taxes.
Increasing tarifs will most likely reduce imports significantly and not be sufficient to cover taxes, most likely true. But lowering corporate tax rate and regulations would bring more companies locally and bring more jobs.
These tarrifs would essentially allow small businesses to compete again with large companies like walmart. In the short term these prices may hurt everyday people but possibly in the long term, the prices drop as small businesses are able to exist and compete, maybe not down to current levels. However. Better jobs are needed. Meaning increase in gdp, which means more tax. Another thing to think about is the 2t spent from income tax. It is also possible to believe that the plan is for the federal government to be more efficient and require significantly less revenue.
These are more ideas rather than fact at this point, but something I think you could investigate. See with something like this there are many layers and you need to think in the short term, medium term and long term of the economics. It's often not enough to go off the 1st layer effect. Anyway, just my thought.
How will tariffs and lowering cooperate tax help small business compete against larger businesses? It applies to all businesses located in the US the same way. So smaller businesses won’t have an advantage against bigger ones.
Also the idea of economic growth through tax cuts being so big that they can compensate for the missing tax is rarely true. Especially in case of an already pretty much maxed out economy like the US (85.000 $ in 2024)
@-Q-lk9li Well, most government policies are very short-term. Meaning if they don't work in the short term, everyone starts to criticise, which then forces us to try something else.
As for tarrifs on foreign goods: I am not saying 100% they will Idk, I was more arguing evaluating the policy over 3 parts. What happens In the short term? Medium term(1-5 years) long term (5+)
However if you think about it. Many large business significantly benefit from imported goods. IE walmart which is their primary business model.
If electronic A: imports for $5 and sells for $10
And the average American can produce that good for $8, we can't compete
However if the tarrif changes the price of electoric A to 100% for example. Then it would cost $10 to import and force walmart to sell for $20
But now it's cheaper to produce here for $8 and either sell to walmart or undercut walmart and sell for $16.
This is theoretical but is very plausible. Would need more time to evaluate outside a YT comment.
Also, consider that to produce the electric A for $8, it requires more skilled labor over minimum wage labor like walmart requires.
And because a small business might not have as many expenses, it may not need the same level as margin either, meaning they could potentially sell for $11 or $12
Sure, it was slightly more expensive, but theoretically, the production of this good could require more skilled labor. Skilled labor typically does not get offered minimum wage.
So in the long term maybe a 10-20% increase in goods. But a 40-50% increase in wages
I’m super thankful for channels like this who show that not only do most politicians not represent my interests, but also that media outlets are still predatory and the comments section makes me rethink certain historical no-nos.
Best comment
I registered as a Republican right out of high school because I believed in fiscal conservatism and free-market capitalism over liberal bureaucracy, yet now the GOP has jumped off the cliff of fiscal conservatism straight into economic nationalism. It's crazy how anyone even slightly close to the center has become politically homeless because of the radicalization of the two parties, even Reaganite conservatives like myself.
I have to disagree with the radicalization thing - the Democratic Party is as centrist as they come. Maybe more socially progressive because there’s no third party and people like Bernie have to go to the Dems, but economically dead center. The Republican Party is off the deep end of conservatism on all fronts, the Democratic Party is just always dealing with being so centrist with no progressive party.
I'm always confused by how many factions the two big-tent US parties got and how to interpret them. It's like inside the two parties, and sometimes across the parties, are the smaller, more ideological movements I am familiar with but obscured.
@@gus8696I agree, there is no social democrat party in the USA. The Democratic party is largely a market liberal status quo with some very mild social liberalism.
I think it's scarier when people start to think all they got is a non-choice. I might not vote for the libertarians or the christian democrats or greens near me but at least I have a choice to.
I’m a centrist “democrat” but you said it pretty perfectly I feel pretty politically homeless. Democratic immigration policy is a joke, but look at this shit right here if you even wanna think about voting republican. It’s messed up. Radicalism on both sides, probably less so on the democratic side but it’s not far off. For economics alone please vote blue bro this is not the way forward no matter which party you subscribe to.
@@goated6146 I get scared when that kind of apathy starts to seem reasonable to voters.
Every Russian knows deep down that Putin and his books lie and steal but they think alternatives will do the same.
So when did Trump say he’s pulling out of nato? I’m pretty sure all he’s saying is that he’s sick of the United States being the bit h of the world and protecting everyone
He's been airing this idea since the 2016 presidential race. It isn't new and it's trivial to confirm that he has.
He also claims to be sick of countries relying on USA and wants USA to be a global superpower. Defense agreements are one way nations projected power (without invasion) for the last 2000+ years. Countries can and do shop around for these deals. This combined with Trump's isolationist policies, deliberate pull out of international negotiations (like TPP & Iran), and tariffs are effectively handing territory to USA competitors.
China had all the USA items struck from TPP and got it signed without USA while Trump had no plan besides leaving. Hardliners in Iran were handed a massive political win when USA broke promises and proved giving USA concessions is worthless. Next up is Russia, who will try to finish invading Ukraine.
"bit h of the world and protecting everyone", you want to be a superpower or not? If your answer is no, then all is good. But if you think you can be a superpower without the military strength and readiness to protect everyone in your sphere of interest, you have another thing coming.
@@mr.p215 Why are you so worried whether we’re a superpower or not? We’re still gonna have a strong military, we’re just not gonna use it to protect everyone anymore. Calm down dude
The US keeping the world order is absolutely within it's interest. The US economy was built on globalisation and a large military sector, cutting off ties with important allies in turbulent times is idiotic at best, treacherous at worst
The long awaited reaganomics sequel
This would make Reagan vomit.
A few comments above, there is a Reaganite fretting about this.
"Failed to convince Biden to step down"
Well that changed, but the overall outcome didn't.
Wdym
I’ve never heard Trump say anything about ditching Taiwan.
Worked in construction and we absolutely hated the tariffs. We lost so many clients because they couldn’t justify the cost to build during Trump.
This US election will bring the biggest surprise in history..
Unless it's somehow a draw or a third party candidate ends up winning, I doubt it. Trump and Biden are roughly neck and neck.
Trump's a little ahead but he's not far enough ahead for a Biden win to be a total shock, just somewhat less likely than a Trump win.
@@Talisguy what?? neck and neck???
If I've learned anything from my Highschool history classes, enacting tariffs in a free market economy has almost always backfired, especially in times of recession and depression.
And after my ap macrodconomics class I look at this and my thought is: this is breaking every single calculation and rule I have done and learned. We put tarrifs on China already, and they fought back. What makes him think everyone else won't??
Tariffs are great We didn’t have income taxes until 1913. And tariffs are what we used to pay our governments bills before income taxes were implemented in the early 1900s
Umm but the governments bills are way way higher than then and so is the debt good luck running the country on tariffs alone
I love all the crystal ball economists here. They predicted the future when trump is not even president yet. And when they are wrong, they will just start another prediction hoping they will be right this time and they never are.
There are ways to predict what the economy does. Do you remember when in 2020 people said that Trump printing money would create inflation? What happened next exactly?
Wrong. Bidenomics said it was transitory. @@joelimbergamo639
I think if you give the president you have today power over the federal bank, the president of 2050 will get the same power. And you do not know who that will be.
His foreign policy doesn't call for ditching NATO and Taiwan. He has said they need to pay more of the bill, or they would receive our protection. To me, it's insane to act like other countries should have to pay the lions share of their own defense. But of course, if they didn't offload most of the costs to the American taxpayer, they would probably have to sacrifice some of the social programs they insult America for not having.
Trump doesn't see reality. US spending is just 15.8% of the NATO budget, on par with Germany. That doesn't defend a country though, actual military spending is decided by the country itself and the high spending as a % of GDP was your governments own choice. Just what do you think you're paying for?
1:45 this is either a small hand or a hilariously big pen
Comedicallly large pen
It's a sharpie jumbo marker
I'm don't have any heart conditions but I sure as hell feel something when watching this video.
this channel is not bias anymore, never again i will watch it
👇here before title change button
Trump Economic YT1 for the win lmao
the exact video i was looking for, thank you !
I hate Comrade Orange.
Outsource all your thoughts and one day you won't be able to have a thought of your own.
@@justinr9753 I agree, reacting to "the libs" and letting Comrade Orange tell you what to think does indeed remove the need to think for yourself.
“Own the libs” is not actually a political philosophy.
@@justinr9753 Tell that to the faith fanatics :)
@@justinr9753Says the guy with 0 economic awareness, exactly as FOX likes you to be
Do something about it then. And this time, don't miss.
Didn't expect TLDR to be this left sided
Thank you for making this video without bull shit biases in it. Some of us just want to learn without the creators views being shoved down our throats. Much love from Texas.
The US moved all manufacturing jobs overseas and most big businesses don't pay taxes. These sound like great fixes to these problems
Fewer taxes.
ah yes Trump Economics YT1 a truly beautiful name
The first thirty seconds aged super fast.
The tariff idea to replace income tax is an interesting idea. In my opinion removing income taxes would put more money in people pockets to spend more money so I think trade valume may remain the same. This would also help make US goods cheaper in the US for American consumers. Nevertheless while this wouldn't necessarily benefit regular people, the super rich would get a really big tax break if he decides to also include them in this tariff scheme.
Trump Economics said YT1
Most of these policies are a REAPONSE to how China - or the EU treat the US. They do have tariffs and restrictions on American goods. It is just fair to level the ground.
Also, for decades the Europeans cheat in defense and have a free ride on Americans' expense. They have very generous social policies that Americans cannot afford.
The war in Ukraine exposed how negligent and vulnerable Europeans are.
In 2018 Trump asked the Europeans to invest more in defense, they laughed. They started doing it now, but it's late. The price of their irresponsibility are Ukrainian lives.
So, you don't allow American cars? You don't allow American foods? You rely 100% on the American military? These things have a cost.
And you think the US subsidises EU defence for the good of their heart? The fact that the US picks up the defence Bill is a massive tool for influence on the old continent , the Moment the US doesn't guarantee defence and the EU remilitarises and more countries develop nuclear weapons, the US will lose essentialy a huge block of allies . Remember the US is based on hard power , the US without hard power has NOTHING.
Lol, youre forgetting how loaded the US became in the first place, selling their allies munitions and also loaning them the money to buy said munitions. Your country thrives on Europe's struggles. Sit.
@@AmateurHEROduelist Of course, it someone else's fault that Europeans did not take care of their own defense.
@@AmateurHEROduelistWe saved your civilization twice. Be grateful