@@interestedmeowcarbon tax is supposed to make it more expensive and make renewables more price competitive. Tariffs on imports are supposed to make them more expensive and make domestic products more price competitive. In both cases, things become more expensive for consumers. Anyone who thinks their preferred policy will reduce prices is lying to you.
Saagar talks about how important tariffs are and then shits on solar panels, literally undercutting his own argument. If he’s also turning around and saying Americans can’t even get to a point of manufacturing them themselves then what the fuck are tariffs going to do to help. Bro has no shortage of contradictions in his thinking.
@@andyb1169 please explain how tariffs on a product like bananas which Krystal pointed out would be stupid, would actually be helpful? I personally think that since we largely are only capable of growing bananas in a couple areas of the US like Hawaii and Florida that putting tariffs on bananas wouldn’t do anything to increase domestic production and would just leave us more vulnerable to price fluctuations when for example…..Florida gets hit by multiple major hurricanes in one year. Please go right on ahead and explain how tariffs on bananas would be helpful.
Exactly. And now China moved a lot of their grain imports to Brazil. GUESS what country is buying all kinds of ag equipment from the USA? Guess why these same ag manufacturers are shifting to Mexico?
I used to be able to buy a bunch of bananas for $1. Now, after inflation, the same store sells them for $1.50. Tariffs would increase them to what...$1.75 or $2? For what purpose? To encourage the US to grow a crop that is best grown in another country? I like Saagar, but this is unworkable.
Yeah. Look into Banana Wars. There's an accurate wiki page on it. Coming from near the equator, you'd think he'd understand this. Maybe it's true what they say about people born in the US to immigrants, but he does often brag about traveling all over the world...
@@Somewhere-In-AZ They do, but nowhere near enough to supply the demand for US banana demand. Maybe not even enough if they converted all their industrial capacity to banana production.
So let’s keep the offshore labor status quo as is bc bananas might go up? It’s so funny hearing people that don’t care about their fellow citizens economic opportunity bc they prioritize cheap products. I dont know what you do for a living but I assure you some corporate entity will inevitably undercut your line of work. But you keep worrying about that short term banana price and see how that works for you.
US companies have grown addicted to cheap labor overseas. They don't have to pay for medical, offer a 401k, or higher wages...sad to see how our politicians let this happen.
But America will make china so rich they will force their government to become a democracy, is how they sold it in the 80's. Now China's eating Americans lunch.
“Let this happen?” You can’t make laws saying it’s illegal to make the most of capitalism. “You’re not allowed to utilize cheap labor and exchange rates across currencies to make money!!!”
@@nickthompson1812 - so it makes sense to you moving nearly all of our manufacturing overseas? So you're okay with screwing the American worker and in return, we get to buy poorly made products we have to replace every 3 - 5 years. Wow dude you really are that person. Did you complain with Biden when he passed the Chips Act?
@@nickthompson1812you mean your not allowed to undercut your own country and employees to benefit from child slave labor on the opposite side the ocean. Fixed it for you. Liberal used to care about workers and human rights back in the day.
if we keep going with what we have, it's only going to get worse. Trump's tariff's might start off feeling worse but the second we start up the production it'll be MUCH better. I don't get why our packaging is not produced on home soil, it's made with ingredients we have. Our land and labour cost that much that it's cheaper to ship? When a paper cup from china cost 3 cents but 40 to ship it, you think that is still true?
@@Kalatakieta long before that happens, slave labour and a complete gutting of all protections for any workers or the environment you live in (think air/water) will be imposed on America...in some form or another. Let's be blunt: the easiest way for businesses to cut operating costs in the US is to eliminate or automate a job...or to give it to someone demanding a lot less. It's simply unworkable...and businesses will use the excuse of not being able to outsource the job overseas as a reason to jack up prices. The only workable solution is (a) UBI, including covering the cost of standard housing and medical, along with (b) a crackdown on price gouging/monopolies. That HAS to be part of any workable solution in the long term.
@@danielmartin7873If I stop smoking weed for 90 days, will you give me $20? I give you $20 if I lose. I've been smoking daily for the past few months, so you have the advantage.
And when did you ever pay less in comparison to the previous president. Prices were lower under Obama when compared to Trump, Bush when compared to Obama, etc
@@insanittiez4860you’re just a dishonest person 🤷♂️. You know there is a massive difference this time around, but it’s an u comfortable truth for you so you’d rather just be a disingenuous weasel. That’s the type of person you are..
@@insanittiez4860 Loaded question in terms of inflation. It's always going up so even if you pay the same real amount over time, you still are "paying more" just because of inflation. A better question would be whether you were making more money (relative to inflation) under Trump.
@@litedawg Right, but Covid happened at the end of Trump's presidency, which changed the economic landscape of the entire world. That change is way bigger than just Trump or Biden.
People: We prefer lower prices. Saagar: You all are short sighted idiots for wanting lower prices. People: Shouldn't your pet idiology of 'economic populism' take into account what the population wants? Saagar: My populism does not include the population I disagree witg, you peasants!
Are you new to populism? Do you think populism means “whatever the majority of people want”? Because if that were the standard for populism, populists would pass precisely zero legislation.
Sagaar is supposed to be the conservative on the show but he's making a more socialist argument than Krystal. Advocating a heavily interventionist economy.
If I owned something that doubled (or more) in value over just 4 years, I'd probably feel pretty good about things. As long as I don't ever plan on trying to move.
Saagar, it is the American importer who has to pay the tariff and not the exporter !! That means that he will be forced to increase his prices to maintain his profit margin. There is only one strong argument for tariffs and it applies to the early establishment of a firm in its infancy when large scale production is not as yet recorded and costs per unit are still higher than the foreign product !! 😮
Saagar and Krystal both did their undergrads in Econ, but it was business Econ. I have zero respect for the Business Econ degree because it teaches neoliberalism instead of the classics like Adam Smith. It's really remarkable how routinely wrong they both are even on some of the stuff they should have been learning in the 200s, let alone their lack of solid analysis they should have learned in Econometrics (I'm assuming they had at least one metrics course - but it was probably all business micro).
Not quite, you can just source from a different place. This would probably force the exporter to pay part of the tariff if they want to continue the business with the importer. It also puts companies in a position to favor local manufacturing/suppliers. Booming the economy on our side. Making more jobs to support increase in demand for local suppliers. (Depending on industry, could vary on who has more leverage)
@@LUIman513 Come on now!! Who manufactures the lowest price EVs, batteries and solar panels ? The other competitors are not even in the park!! Most of the pharmaceutical products and medicines come from Chinese manufacturing operations and in some cases by foreign producers established in China!!
@@rolandbraun1197 yah that’s the point, we try to move away from that situation in the future, depending on the foreign countries and their relationship with us. Raw materials are scattered but all the main manufacturers are in China. We need to compete, reduce SC risk and reduce emissions by building up and supporting American manufacturing
Honestly, Krystal is spot on here. It makes no sense to put across the board tariffs into effect when many components HAVE to be sourced from overseas. It would most definitely have a dramatic impact on prices not just “10 cents higher”.
My ass she is spot on......none of your side gave single proof on tariff increase on price increase......we need a white paper with proofs that you put then we will review and accept
@@gumkamaami That is basic economic fact, there is no dispute and tons of proof. Just read an economics 101 textbook. Heck read a couple paragraphs of Wikipedia and you’ll know more than you do now.
She keeps talking about Bananas? USA can most definitely produce bananas locally. Hawaii makes the most local cosuption and Florida is the largest exporter of bananas. USA is also mid pack when it comes to coffee exports world wide. Imagine distributors buying locally was cheaper than buying imports. Its almost as if that would stimulate local production... 🤦
Sagaar always loses this one for me. You can get both the benefits of american manufacturing making things that make sense and the cheap things from china where we can benefit from not making things here that arent terribly important. Why not take the best of both worlds instead of a hard swing into tariffs ?
Putting aside Krystal and Saagar, I wonder if you've noticed how almost everything political is almost always framed as an either or? All renewable energy or none at all. All abortion or none at all. Sweeping tariffs or none. Etc.
@@anthonytwohill9726 I wish you could have seen the convo i just had with my gf where i said i hate when people turn their brains off and think only in binaries just 20 minutes ago
it comes down to what we want to keep in America. I think our ability to make medical equipment and PPE's are pretty important. Or anything else of strategic importance. But as it strands now, we're definitely not keeping enough in America.
@@Kyobi Thats absolutely true. We can do that while buying from other countries in ways that benefit us as well. I think Krystal is right on the money here
Stupid people don’t like being given info that shows they are wrong. Literally the worst thing you can do to Uncritical thinkers Give them correct info and they won’t accept it. Smart people and comfortable and even happy to be proven wrong.
Corporations pass on the costs of tariffs to union members who then demand higher pay from corporations because everything is more expensive. Blanket tariffs on everything is nonsense
Yet somehow, comments will have you believe that Krystal is the biased crazy one and Sagaar is sane. The amount of nonsense that Sagaar says is baffling. Even when Krystal told him that the Haitians are legal, he stilled called them illegals
There's actually supposed to be a banana shortage due to bad pest infestations.. I see your point but when we look back on this a year from now let's choose a different product to track
This is laughable. If the corporations were taxed more and people had to pay more, Krystal would be in that "so..." camp so fast it would make your head spin.
Or because people in Tech can have 3 side hustle jobs while sitting and doing nothing. Biden counts that as 4 people having 1 job. Part time as a full time job Not factoring undocumented immigrant jobs. & worst of all: crypto bros being a job. The next step is to add robots to the LGBTQ & count them as people holding jobs to pump up the numbers & pretend Automation is creating more jobs.
When Joe was mentally slipping, you guys talked about it plenty, and with good reason. Trump has been near incoherent on stage lately, and you haven't said a word about it? Why?
You act like United States does not have strong influence throughout the world. Tariffs are powerful to use especially to our allies as we defend them.
Krystal’s right, there are certain industries that aren’t coming back to America nor would we want them. We don’t want low wage industries like textiles for instance. You can’t just levy tariffs across the board
I agree with Krystal. You wanna do new tariffs carefully. I support the on-shoring project but there is no sense in doing it all at once for everything. Some things may not work and for everything else let’s start with the most important things to on-shore to the least and go from there.
Tariffs across the board and millions of deportations are a recipe for disaster. Good luck finding any respected economist to disagree. That, combined with more tax cuts for our largest corporations are Trumps only semblance of a policy. Trump has never had a policy that was anything other than a talking point. We are still waiting for the health care policy that will cover everyone while being awesome and cheap that he promised 9 years ago.
The fact you don't understand his policy goes to show you haven't actually listened to him speak or read his platform. The whole idea of his economic policy is the carrot and the stick. He is going to lower taxes, regulations exempt companys from tariffs etc… who play ball invest by investing in America. For companies that choose to continue take out investments in America who unfairly compete with American interests or who sell products that only the richest of the rich have an interest in then you get a tariff on your product. I will admit after he wasn't able to get rid of Obama care he basically gave up on healthcare but he never gave up on fighting for American jobs, the border, defense, protecting American civil liberties etc…
@@christopherrodriguez9514 The entire industrial world has a massive problem with not having enough replacement workers. China's economy is going to shrink massively. Japan has had no GDP growth in a decade for this reason. Europe is in real trouble as well. The US is in a unique position to mitigate this ever increasing problem because people want to come here. This is not news if you pay attention to economists instead of get caught up in political rhetoric. We need the immigrants desperately. We also need a much better policy for processing immigrants.
@@appropriate-channelname3049explain to me how trump is going to reduce housing costs while also keeping home values high, two seemingly contradictory policy goals he’s put forward
@@appropriate-channelname3049 The Trump administration lost manufacturing jobs, even before Covid was a problem. If he was trying to increase US manufacturing, he was a miserable failure.
Fundamnetally, the only good use of a tariff is to bolster a domestic industry or punish a foreign industry. The idea of putting tariffs on even the MAJORITY of imports is a ticking time bomb
Saagar is an idiot. Countries will also retaliate with their own tariffs on our goods. We give US farmers $12B annually out of the $60B we collect in tariffs because China put tariffs on US soybeans and other crops. Saagar, I don’t even know what an export tariff is.
Trump followed through with way more of what he ran on in 2016 than any other President I can remember in my lifetime (this would only go back to George W Bush, I was too young during Clinton).
@@christr1ut87 No he didn't lmao. He didn't bring back manufacturing jobs, he actually lost manufacturing jobs. He didn't lower everyone's taxes, mine actually went up under Trump. He didn't protect our civil liberties he repealed Roe v Wade and allowed half the country to put Americans under martial law for 2 years. He didn't fight for our rights, he tried to ban firearms modifications. Not that I care but he didn't even build the wall, he put up a few miles of Fencing. Bro name ONE promise Trump fulfilled. I don't care who got in the way of what you wanted to talk about results so let's talk about results.
@christr1ut87 your memory is quite faulty. He promised ti balance the budget, replace the aca with something better. both get rid of and expand medicare. The only promise he kept was tax cuts which just so happened to favor rich people.
Saagar, the main reasons for inflation were the volatile energy peices caused by the Russian embargo on oil, the backlog of goods and services because we shut down the economy down so long while printing money to pay people. Said people spent this money on scarce shit driving prices higher with little replenishment because everyone was at home chilling instead of producing more goods; scarcity in the auto industry and free money to spend on cars. And sharp increase in commodity prices... to name a few. Com'on Saagar. U know this!! If you print more money, you will get inflation. This was the kindergarten 101 lesson.
Let's look at the last 10 reports to see if this statement is true: Reports Corrected as Better (Upward Revisions): May 2023 March 2023 February 2023 January 2023 December 2022 November 2022 Reports Corrected as Worse (Downward Revisions): August 2023 July 2023 June 2023 April 2023
Saagar has entered the “I make so much money, middle and working class issues are now theoretical to me” arc. Kudos for Krystal for also entering that arc but not becoming completely disconnected
Krystal made like $30 mil from her first marriage divorce. She only says what she has to in order to not lose her other out of touch friends at the country club
Not really because everything is up across the board. If tariff's are placed on things we COULD produce domestically it would be great. It sucks for things that we don't have infrastructure for, however once those facilities are built everything would come down. Right now we just export cheap labour essentially, and carbon emissions ... also wasting water. It's fine if it's not on my soil right?
The expenses that piss me off is not “higher prices”. Its the skyrocketing property tax and insurance premiums that are soaking up all my disposable income. I had zero problems with either prior to the pandemic. As for tariffs, if you don’t allow immigrants the labor shortage will drive prices to uncompetitive levels. Reshoring only works without labor shortage. Just like it did when we industrialised in the first place on the backs of immigration in 1880s -1920s.
Why do people like you come here and cry in this channel? It's literally two folks with different views providing news and their opinions. That's the beauty of it.
Would be great if someone from Breaking Points did some research on the effect of the Buy America Act. Was a policy that tried to trigger more domestic products for steel and lumber for infrastructure projects, but we don't have the supply to foster the growth of the industry. I think tariffs would create incentives for the industry to grow domestically.
I think tariffs are horrible for raw steel that Biden put in place earlier this year, that increases the prices across the board for any end product made in the US, and at the same time cheaper to create and import the same end product to the US. I'm more OK with tariffs on the end products made. A tariff increasing the cost of steel to make a car in the US gives an incentive to create a car outside of the US using non-US labor (factor in the income multiplier effect and substantial impact), where a tariff on the end car gives an incentive to create the car in the US.
I find it amusing how obsessed with the adjustments you halfwits are... doesn't matter if they were adjusted they are still going up and are still better than anything the orange clown could manage
The issue with saying the economy is "the same or somewhat getting better" is that in the BEST case it is only _somewhat_ better than from the diabolical lows of 2020/2021 which is to say that it's horrible
Krystall is entirely missing/avoiding saagars point of incentivizing companies to make the "imported low skill goods" in the us. And not importing them. Higher costs for them - sure. Not having to care about xyz countries problem that currently makes them? Great 💯
For starters, we literally don’t have the soil or climate required for some foods. Then on another note, stuff like textiles are labor intensive but require cheap labor. Do we want tons of minimum wage textile jobs just because we want to make clothing here?
@@insanittiez4860 the climate argument. Totally valid. No disagreement on those. And for the textiles - no. You automate most of that process now and dont pay low skill workers at all. And for the stuff that does require human interaction but is low skill... Thats what the people trying to make a living off of mcdonalds should be doing... it is totally worth while cost from a security/ignoring the rest of the world standpoint
@@Judiacator wrong on textiles. Automation has been tried but we have yet to make a machine that can adapt and change to the precise specifications of textiles efficiently. Ask yourself, if automation was already here, why are Banana Republic and all these companies still using cheap labor abroad. They could just automate and save a ton of money
@@insanittiez4860 fully admit that the automate in textiles is in infancy. But i encourage you to check into the topic. Because the low wage earner being the primary source for that is going to be a thing of the past End point still stands. Having an independent system and not havung to care how the us interacts with the rest of the world is better than having to play nice in the sandbox for economic reasons
Taxes on corporations will raise prices, but taxes on a wealthy individual has no affect on the pricing of a product. At least not %99 of the products on the market. Al it would do is make it harder for wealthy people to purchase extremely expensive luxury goods, which would ironically decrease demand…thereby reducing the price of said goods.
"People feel..." - keep on voting based on feelings, that's one way to engineer another great depression. Harris will be a continuation of Biden on economics, Trump, on economics, will be much, much, much better.
Increase the tariff so that manufacturers stay in the US, and at the same time reduce regulations and government handouts to encourage competitions so the price can be driven down with efficiency going up.
Purchasing power is the best way to look at the economy. We use it for corporations when they brag about their profits on earnings calls but never a word about monthly household profits. Its not about inflation or employment. Its about how much do you have left over after your bills.
Saagar’s support for tariffs misses the fact that other countries massively subsidize valued industries. He even mentioned subsidies at one point - china isn’t winning trade wars because of its high tariffs but because the state supports (and often even owns) the industries in question. Tariffs without industrial subsidies could well be a disaster. And anyways are we going to grow all our coffee and bananas in Hawaii and American Samoa or something? I don’t want to pay more for bananas because of a misbegotten industrial policy.
I own a home and have a pretty good job. Under Trump, I could do whatever I felt like. I wanted to take a trip, no problem. I wanted a car, no problem. Under Biden I haven't gotten to go on any trips or buy just the bare essentials. That's all I need to know about the economy.
😂 you sound really dumb just to blame Biden who's kept a lot of the trump agenda plus Trump and Congress tanked the economy with COVID and nothing has been done to make any good changes.
Well you should have invested better. Why weren't you pulling harder on those boot straps. Sounds like you aren't taking responsibility for your failures
If you are find your opinions on macroeconomics agree with Krystal then you may need to re-evaluate your perspective. Any US industry that has to compete with foreign industry WILL lose not through any fault of US workers. The reality is the cost of living is more expensive therefore workers cost more and THE biggest input to US industry is worker salary.
The huge elephant in the room regarding the economy that no one seems to be discussing is the expiring Trump tax cuts from 2017 after next year. To give everyone an idea, if you are a family of four making $150,000, so both parents making the average, you will pay $8,000 more in federal income taxes once the tax cuts expire. If you're married 1 kid making $80 you're paying $2500 more. If you're single, no kids making $60k you'll be paying $2,700 more. If you own a small business you've enjoyed a 20% deduction on your business income for the past 7 years. Meaning if your business brough in $200k income you only paid taxes on $160k or if you made $100k you paid taxes as if you only made $80k. I trust Trump will fight for his own tax cuts a heck of a lot more than Kamala. People have been gaslit to high heaven thinking TCJA was a "tax cut only for the ultra wealthy" and are in for a massive shock if they are allowed to expire.
Why the middle tax cut had expiration but the rich and corporate tax cut remained permanent Tells you the motivation of that tax cut that was passed by Trump
@@MoonDoggie-hs2se you are talking about the corporate tax cut from 35% to 21%. Before TCJA US had the highest corporate tax rate among OECD countries with the reduction we are now average which makes the US a lot more favorable for corporations to do business in & reduced the incentive for corporations to use profit shifting. These are good things, glad that doesn't expire. I'm concerned with what does expire which is why I highlighted, pretty strange that your comment seems intended to deflect.
@@Ashantia35"I'm not capable of understanding what was actually just said, so I'm gonna focus on the one thing I was able to grasp and complain about." This is you right now.
@@Ashantia35 Read my reply to Moondog about corporate tax cuts, those 100% were needed for the betterment of our economy and to be competitive in global market to attract businesses wanting to HQ in the US. Also I'm not finding the provision you're referring to about tax cut for a rich individual remaining permanent, whether someone makes $20k or $20m in income that tax break expires at the end of 2025. Also their tax cuts were a lot less impactful, a family making $1m saved $42k out of a would be $330k tax bill. Compared that to my aforementioned example of the middle class family making $150k them saving $8k on a would be $21k tax bill is far more substantial percentage wise and how much of more of an impact it has on the middle class family's overall finances.
@@stratvids no they aren’t. They are jobs created by the govt utilizing tax payer money (well in this case utilizing massive debt/deficit fundings). You could have 100% employment if the govt chose to, by employing everyone….doesnt mean it a real, productive job.
If you want to state the reason why you disagree with Krystal then please do. But to sit here and cry because she says something you don't like is just cringey.
just replace Saagar's name with yours... does Saagar have any idea of why manufacturing jobs were "shipped abroad" to begin with? He understands that "made in USA" equals made by US employees earning US employee wages, subject to US regulations right? The cost of labor cost alone, not to mention worker's comp costs, employee benefits costs, payroll taxes, etc... Who do you think eats that cost, the companies? LMFAO! The consumers do, with the higher product prices. So tariffs add to costs, and now US labor adds to costs. Yeah, that sounds as great as "trickle down economics", look at the middle class catching the 1%... oh, that's right. SMH! In addition, we are one, maybe two generations away from robotic/automated everything. So let's spend trillions on something that will be moot in less than 50 years. SMH! These low skilled employees will be doing what then, flipping burgers, working the cash register, driving cabs, or janitorial work? Nope, they will all be automated. Now you have millions of unqualified people with no job and no skills, who still need to eat. Yeah, really thought that one through didn't he? SMH! Add millions of unwanted forced births to the population, defund public education, and give them easy access to military grade weapons. What could go wrong? LMFAO!
Krystal: No tariffs it will raise prices! Also Krystal: We need to spend trillions of dollars on social programs. It won’t cause more inflation that greedy corporations fault. No Logic.
Trump will raise taxes for 95% Americans with the extreme tariffs on most products. Trump economic plan is terrible. Selective tariffs are ok but should be temporary
You think the Congressional GOP or dems would go along with it? Not a chance. The whole arguement is meaningless because Congress will never let it happen
We already saw what happened under a Trump presidency and your taxes did not skyrocket that high. Inflation was super low. You are fearmongering because you want Kameltoe to win.
@VETTERACER96 You did say she's the LAST person, which means that anyone else would be better. Those were your exact words, in your OP. Literally your exact words. Literally, as in the exact definition of that word literal: taking words without metaphor Or Representing the exact words of an original text. Both definitions apply here. You even did all CAPS for the word 'last.'
Sagar has been MAGAized, on the economic policy at least. Don't always like Krystal's opinion on various issues, but on economic policy she is correct. Her approach is more pragmatic rather than ideological or radical.
@@xyzzyx7812not an argument. She only has to understand the material nature of issues she is discussing and not the nature or beliefs of any audience..
I'm beginning to buy more into this tariff policy. I definitely do believe there will be upfront cost but if we manufacture more items here in America, we can avoid these turmoil shocks and with increased bigger natural disasters from climate change or another pandemic, it might be worth it. A lot lefties make this same argument with energy. They'd acknowledge upfront cost but long-term savings with transitioning away from oil. We need to be bold on both fronts.
Saagar is principled anti-intellectual on any issue he believes in enough. He’d never ever concede that it’s a 1:1 the same thing that Kamala supporting border restrictions translates to her overall support for Trump’s border policies that way he acts like targeting tariffs and blanket tariffs are the exact same thing
Volvos biggest share holder is China through Geely. And most of their industry is in China today. They still make some cars in Sweden but their biggest market is China. I'm a Swede so I know this. Saager thinks he know Europe but he really don't know anything
Anyone who thinks corporations won't pass the cost of tariffs onto consumers is being disingenuous
Well that would require them to go against what Trump says and that’s worse than death to them. Ask the farmers how those tariffs worked out for them.
Is what we’ve been saying for years about a price on carbon.
@@jagger3600trump literally gave the farmers millions to not raise the prices. Are you kidding 😂😂😂
@jagger3600 it's obvious that you know nothing about economics.
@@interestedmeowcarbon tax is supposed to make it more expensive and make renewables more price competitive.
Tariffs on imports are supposed to make them more expensive and make domestic products more price competitive.
In both cases, things become more expensive for consumers. Anyone who thinks their preferred policy will reduce prices is lying to you.
Saagar talks about how important tariffs are and then shits on solar panels, literally undercutting his own argument. If he’s also turning around and saying Americans can’t even get to a point of manufacturing them themselves then what the fuck are tariffs going to do to help. Bro has no shortage of contradictions in his thinking.
The beauty of being a Libertarian. It's the ONLY way (CONTRADICTION) that can square the circle of MUDDLED THINKING that is Libertarianism.
@@jamesroop2233 They're like house cats. They act independent but are completely dependent.
Do you want the answer to why tariffs aren't bad or are you so politics brained that it would be a waste to explain?
@@jamesroop2233 I have yet to meet this mythical legendary libertarian that is even 50% consistent.
@@andyb1169 please explain how tariffs on a product like bananas which Krystal pointed out would be stupid, would actually be helpful? I personally think that since we largely are only capable of growing bananas in a couple areas of the US like Hawaii and Florida that putting tariffs on bananas wouldn’t do anything to increase domestic production and would just leave us more vulnerable to price fluctuations when for example…..Florida gets hit by multiple major hurricanes in one year.
Please go right on ahead and explain how tariffs on bananas would be helpful.
the reason farmers weren't complaining about the tariffs is because they were getting cash bailout after cash bailout
Exactly. And now China moved a lot of their grain imports to Brazil. GUESS what country is buying all kinds of ag equipment from the USA? Guess why these same ag manufacturers are shifting to Mexico?
Joshua gets it, and has been paying attention.
Addendum:
China also started importing a bunch of soya from South America and Russia.
I lived in Iowa during the tariff war. The small farmers were complaining. The big farms got a bigger percentage of the bailout
I believe if you look at the stats Pig farmers were given more money than NASA when he started trade wars with China (worlds largest consumer of pork)
@@eleventhhouseofzenith Same happened across California, and it got worse during the whole NAFTA rejiggering.
I used to be able to buy a bunch of bananas for $1. Now, after inflation, the same store sells them for $1.50. Tariffs would increase them to what...$1.75 or $2? For what purpose? To encourage the US to grow a crop that is best grown in another country? I like Saagar, but this is unworkable.
Yeah.
Look into Banana Wars. There's an accurate wiki page on it. Coming from near the equator, you'd think he'd understand this. Maybe it's true what they say about people born in the US to immigrants, but he does often brag about traveling all over the world...
@@Somewhere-In-AZ They grow on a couple of tiny US owned islands? Wow, those Brazilian and Indian banana plantations are in for big competition.
@@Somewhere-In-AZ
They do, but nowhere near enough to supply the demand for US banana demand. Maybe not even enough if they converted all their industrial capacity to banana production.
So let’s keep the offshore labor status quo as is bc bananas might go up? It’s so funny hearing people that don’t care about their fellow citizens economic opportunity bc they prioritize cheap products. I dont know what you do for a living but I assure you some corporate entity will inevitably undercut your line of work. But you keep worrying about that short term banana price and see how that works for you.
Doesn't NAFTA protect goods from tariffs when imported from Mexico and Canada?
Saagar's making less sense than he normally does.
That’s a low bar to dip under
Krystal made no sense forever.....she is radical person
@@gumkamaami Childish statement!
@@pr-tj5by only child would know
@@gumkamaami You've just said that Krystal makes no sense ever, how do you expect to be taken seriously with that comment?
Unemployment is low because everyone has 3 jobs to survive right now.
Yes, that's a TOTALLY realistic way to look at the economy.
Oh c'mon at least try to be serious
I don't. I have one good job from good company.
And the left warned about this 30 years ago. Boomers gonna boom
1 job here
US companies have grown addicted to cheap labor overseas. They don't have to pay for medical, offer a 401k, or higher wages...sad to see how our politicians let this happen.
But America will make china so rich they will force their government to become a democracy, is how they sold it in the 80's. Now China's eating Americans lunch.
“Let this happen?” You can’t make laws saying it’s illegal to make the most of capitalism. “You’re not allowed to utilize cheap labor and exchange rates across currencies to make money!!!”
@@nickthompson1812 - so it makes sense to you moving nearly all of our manufacturing overseas? So you're okay with screwing the American worker and in return, we get to buy poorly made products we have to replace every 3 - 5 years. Wow dude you really are that person. Did you complain with Biden when he passed the Chips Act?
you republicans vote for such measures hook line and sinker. you think govt healthcare is communism
@@nickthompson1812you mean your not allowed to undercut your own country and employees to benefit from child slave labor on the opposite side the ocean. Fixed it for you. Liberal used to care about workers and human rights back in the day.
Employment isnt the way to judge the economy, we're not indentured servants... How much do these jobs pay?
Exactly
Apparently very well since the employment data breaks the jobs down
Are you saying employment levels, are not a metric for health of an economy?
About the same as they did under Trump when you adjust for inflation. Better situation for some.
They inflate the jobs report and then adjust them months later. Real investors know not to rely on government economic indicators.
Easy for you to say Saagar, but harder for an Amazon driver or a Starbucks barista
if we keep going with what we have, it's only going to get worse. Trump's tariff's might start off feeling worse but the second we start up the production it'll be MUCH better. I don't get why our packaging is not produced on home soil, it's made with ingredients we have. Our land and labour cost that much that it's cheaper to ship? When a paper cup from china cost 3 cents but 40 to ship it, you think that is still true?
@@KalatakietaIf he wasn’t orange I would vote for him
@@Kalatakieta long before that happens, slave labour and a complete gutting of all protections for any workers or the environment you live in (think air/water) will be imposed on America...in some form or another.
Let's be blunt: the easiest way for businesses to cut operating costs in the US is to eliminate or automate a job...or to give it to someone demanding a lot less. It's simply unworkable...and businesses will use the excuse of not being able to outsource the job overseas as a reason to jack up prices. The only workable solution is (a) UBI, including covering the cost of standard housing and medical, along with (b) a crackdown on price gouging/monopolies. That HAS to be part of any workable solution in the long term.
Always the jobs reports, never the revision to the jobs reports made 2 months afterwards.
This is such cope lol
You mean the one that revised the past two months upward?
@@brandogg Still net negative
@@brandogghow about the 800k jobs that were revised down?
@@connordavis2345 anybody? nope.... just crickets again
Saagar should smoke weed
I bet you can't stop smoking weed for 90 days.
And that's why he doesn't smoke.
Why?
@@danielmartin7873If I stop smoking weed for 90 days, will you give me $20? I give you $20 if I lose. I've been smoking daily for the past few months, so you have the advantage.
It just makes you stupid. You don't realize this however, because it makes you stupid. A perfect trap.
For real. He looks constipated 24/7
6:45 WTF Saagar has been complaining about inflation constantly for the last 3 years, now he is pro high inflation?
This is a bit much
Some fascists dress nicely, but it doesn't mean they have any smarts.
U don't know what fascist means
He has also talked about lowering consumer prices but will openly admit that the price increases caused by the tariffs is OK.
@@andresabourin2423🤡 that uses words he doesn’t grasp the definition of
@@MSBGaming23 indian in a suit. No?
I own a home, the economy sucks I am paying more for everything, food, gas, insurance, utilities, etc.
And when did you ever pay less in comparison to the previous president. Prices were lower under Obama when compared to Trump, Bush when compared to Obama, etc
@@insanittiez4860you’re just a dishonest person 🤷♂️. You know there is a massive difference this time around, but it’s an u comfortable truth for you so you’d rather just be a disingenuous weasel. That’s the type of person you are..
@@insanittiez4860 Loaded question in terms of inflation. It's always going up so even if you pay the same real amount over time, you still are "paying more" just because of inflation. A better question would be whether you were making more money (relative to inflation) under Trump.
@@insanittiez4860I paid less for literally everything under Trump.
@@litedawg Right, but Covid happened at the end of Trump's presidency, which changed the economic landscape of the entire world. That change is way bigger than just Trump or Biden.
People: We prefer lower prices.
Saagar: You all are short sighted idiots for wanting lower prices.
People: Shouldn't your pet idiology of 'economic populism' take into account what the population wants?
Saagar: My populism does not include the population I disagree witg, you peasants!
Wow. You could benefit by getting some economic education. 😂
💯 elitism
Are you new to populism?
Do you think populism means “whatever the majority of people want”?
Because if that were the standard for populism, populists would pass precisely zero legislation.
You’re a moron 😂
Sagaar is supposed to be the conservative on the show but he's making a more socialist argument than Krystal. Advocating a heavily interventionist economy.
Of course the jobs report looks good. I work 3 jobs just to buy groceries...
The only thing I agree with is that people with and without homes view the economy differently.
Maybe, but home owners and non home owners still go to the supermarket.
If I owned something that doubled (or more) in value over just 4 years, I'd probably feel pretty good about things. As long as I don't ever plan on trying to move.
@@davida730how would the doubling matter if you don’t plan to ever move and sell it
Saagar, it is the American importer who has to pay the tariff and not the exporter !! That means that he will be forced to increase his prices to maintain his profit margin. There is only one strong argument for tariffs and it applies to the early establishment of a firm in its infancy when large scale production is not as yet recorded and costs per unit are still higher than the foreign product !! 😮
Saagar and Krystal both did their undergrads in Econ, but it was business Econ. I have zero respect for the Business Econ degree because it teaches neoliberalism instead of the classics like Adam Smith. It's really remarkable how routinely wrong they both are even on some of the stuff they should have been learning in the 200s, let alone their lack of solid analysis they should have learned in Econometrics (I'm assuming they had at least one metrics course - but it was probably all business micro).
Not quite, you can just source from a different place. This would probably force the exporter to pay part of the tariff if they want to continue the business with the importer. It also puts companies in a position to favor local manufacturing/suppliers. Booming the economy on our side. Making more jobs to support increase in demand for local suppliers. (Depending on industry, could vary on who has more leverage)
@@LUIman513 Come on now!! Who manufactures the lowest price EVs, batteries and solar panels ? The other competitors are not even in the park!! Most of the pharmaceutical products and medicines come from Chinese manufacturing operations and in some cases by foreign producers established in China!!
@@rolandbraun1197 yah that’s the point, we try to move away from that situation in the future, depending on the foreign countries and their relationship with us. Raw materials are scattered but all the main manufacturers are in China. We need to compete, reduce SC risk and reduce emissions by building up and supporting American manufacturing
Honestly, Krystal is spot on here. It makes no sense to put across the board tariffs into effect when many components HAVE to be sourced from overseas. It would most definitely have a dramatic impact on prices not just “10 cents higher”.
Plus neither of them even mention imposing tariffs open America to retaliatory tariffs that might not be targeted in a way you want.
My ass she is spot on......none of your side gave single proof on tariff increase on price increase......we need a white paper with proofs that you put then we will review and accept
@@gumkamaami Pretty simple. Cost to import
would be higher & that cost would be passed along to the consumer.
@@gumkamaami That is basic economic fact, there is no dispute and tons of proof. Just read an economics 101 textbook. Heck read a couple paragraphs of Wikipedia and you’ll know more than you do now.
She keeps talking about Bananas? USA can most definitely produce bananas locally. Hawaii makes the most local cosuption and Florida is the largest exporter of bananas. USA is also mid pack when it comes to coffee exports world wide.
Imagine distributors buying locally was cheaper than buying imports. Its almost as if that would stimulate local production... 🤦
Sagaar always loses this one for me. You can get both the benefits of american manufacturing making things that make sense and the cheap things from china where we can benefit from not making things here that arent terribly important. Why not take the best of both worlds instead of a hard swing into tariffs ?
Putting aside Krystal and Saagar, I wonder if you've noticed how almost everything political is almost always framed as an either or? All renewable energy or none at all. All abortion or none at all. Sweeping tariffs or none. Etc.
@@anthonytwohill9726great point
@@anthonytwohill9726 I wish you could have seen the convo i just had with my gf where i said i hate when people turn their brains off and think only in binaries just 20 minutes ago
it comes down to what we want to keep in America. I think our ability to make medical equipment and PPE's are pretty important. Or anything else of strategic importance. But as it strands now, we're definitely not keeping enough in America.
@@Kyobi Thats absolutely true. We can do that while buying from other countries in ways that benefit us as well. I think Krystal is right on the money here
Posting fake jobs reports and then quietly revising them down later should be illegal.
So there were no revisions under Trump right?
They are all revised, looking at the last 10 there more revisions that showed better jobs than reported than less jobs.
Stupid people don’t like being given info that shows they are wrong. Literally the worst thing you can do to Uncritical thinkers
Give them correct info and they won’t accept it.
Smart people and comfortable and even happy to be proven wrong.
The last two job reports have been revised upwards and unemployment is at near-record lows
@@dustinavant2003 last 10 would be the last 2 1/2 years. All revised down. Harris bot?
Corporations pass on the costs of tariffs to union members who then demand higher pay from corporations because everything is more expensive.
Blanket tariffs on everything is nonsense
Krystal- trump policies will mean you’ll have to pay more for bananas
Sagaar- So
Yet somehow, comments will have you believe that Krystal is the biased crazy one and Sagaar is sane. The amount of nonsense that Sagaar says is baffling. Even when Krystal told him that the Haitians are legal, he stilled called them illegals
There's actually supposed to be a banana shortage due to bad pest infestations.. I see your point but when we look back on this a year from now let's choose a different product to track
"It's one banana, Krystal, how much could it cost? Ten dollars?" Energy
Because American Made bananas make more American Jobs...
This is laughable. If the corporations were taxed more and people had to pay more, Krystal would be in that "so..." camp so fast it would make your head spin.
I dont disagree with saager but be honest, it will increase prices.
As a homeowner, the economy sucks.
How are you guys going to talk about tariffs for 15 minutes and not mention government regulations and workplace standards once?
No talking about NC and TN!! People are still dying over there!!
Dude it’s still bad… Jobs are going up because people have to take more than one job
Where are the statistics on people with multiple jobs. That should be easy to figure out.
Or because people in Tech can have 3 side hustle jobs while sitting and doing nothing.
Biden counts that as 4 people having 1 job.
Part time as a full time job
Not factoring undocumented immigrant jobs.
& worst of all: crypto bros being a job.
The next step is to add robots to the LGBTQ & count them as people holding jobs to pump up the numbers & pretend Automation is creating more jobs.
I'm actually looking for a second job just so I can make some progress with saving for a house.
The cope is wild
@@bourbonlegend4071 What's your first job and educational background?
When Joe was mentally slipping, you guys talked about it plenty, and with good reason. Trump has been near incoherent on stage lately, and you haven't said a word about it? Why?
Because hes not duh!
Across the board tariffs is a toddler move
US tariffs leads to other countries enacting tariffs.
They are planning for a war over Taiwan. They need to disconnect the economy from China.
Smoot Hawley tariff in a nutshell that spoiler alert greatly contributed to creating and prolonging the Great Depression
Agreed, such a weird take. Not to mention how politically toxic it would be. I like protectionist tariffs but this is crazy.
You act like United States does not have strong influence throughout the world. Tariffs are powerful to use especially to our allies as we defend them.
I'm just here to $hit on Saagar.
Krystal’s right, there are certain industries that aren’t coming back to America nor would we want them. We don’t want low wage industries like textiles for instance. You can’t just levy tariffs across the board
Nah we do want it. We want everything. If we aren't striving to live in a self sustaining autarky we are arriving for destruction.
Well, you can. But definitely expect negative consequences if you do.
Why not? U shouldn't want a world where some countries live in perpetual squalor doing the dirty work for the richer countries.
Exactly did y’all see the docks and ports working with out any people?
How about textile recycling though?
wait for the jobs report to get corrected after the election
Trump is a god. The moon isn't real.
That’s right. They’re making everything look good to hold on to power. Same thing with the Southern Border.
The last two months had revisions upwards.
Aww are you sad that this hurts the orange clown?
Cope harder
Massive wars with massive tax breaks and you expect no deficits and debt? lol 😂
I agree with Krystal. You wanna do new tariffs carefully. I support the on-shoring project but there is no sense in doing it all at once for everything. Some things may not work and for everything else let’s start with the most important things to on-shore to the least and go from there.
Tariffs across the board and millions of deportations are a recipe for disaster. Good luck finding any respected economist to disagree.
That, combined with more tax cuts for our largest corporations are Trumps only semblance of a policy. Trump has never had a policy that was anything other than a talking point. We are still waiting for the health care policy that will cover everyone while being awesome and cheap that he promised 9 years ago.
How are deportations bad?
The fact you don't understand his policy goes to show you haven't actually listened to him speak or read his platform. The whole idea of his economic policy is the carrot and the stick. He is going to lower taxes, regulations exempt companys from tariffs etc… who play ball invest by investing in America. For companies that choose to continue take out investments in America who unfairly compete with American interests or who sell products that only the richest of the rich have an interest in then you get a tariff on your product. I will admit after he wasn't able to get rid of Obama care he basically gave up on healthcare but he never gave up on fighting for American jobs, the border, defense, protecting American civil liberties etc…
@@christopherrodriguez9514 The entire industrial world has a massive problem with not having enough replacement workers. China's economy is going to shrink massively. Japan has had no GDP growth in a decade for this reason. Europe is in real trouble as well. The US is in a unique position to mitigate this ever increasing problem because people want to come here. This is not news if you pay attention to economists instead of get caught up in political rhetoric. We need the immigrants desperately. We also need a much better policy for processing immigrants.
@@appropriate-channelname3049explain to me how trump is going to reduce housing costs while also keeping home values high, two seemingly contradictory policy goals he’s put forward
@@appropriate-channelname3049 The Trump administration lost manufacturing jobs, even before Covid was a problem. If he was trying to increase US manufacturing, he was a miserable failure.
Abolish the income tax.
No. Instead, I will be implementing a 100% stupid tax that only applies to you
The Economy - and JOBS - are doing sooo great that the FED is literally rushing now to multiply Rates Cuts to REVIVE it!
Fundamnetally, the only good use of a tariff is to bolster a domestic industry or punish a foreign industry. The idea of putting tariffs on even the MAJORITY of imports is a ticking time bomb
Finally a good video. Glad we are talking about reality and facts instead of assuming other peoples vision.
Everything was cheaper under trump! Now everything is crazy expensive!
Did you forget that Covid happened? Is Biden responsible for high prices in every other country too?
Saagar is an idiot. Countries will also retaliate with their own tariffs on our goods. We give US farmers $12B annually out of the $60B we collect in tariffs because China put tariffs on US soybeans and other crops. Saagar, I don’t even know what an export tariff is.
it's a give and take, I personally wouldn't mind the price of soybeans and other crops dropping in america due to an oversupply.
Americans want a unicorn standard; Americans producing at China’s prices.
Lol so true. They somehow want Chinese prices but want American salaries
Delusional Americans
Why is Saagar acting like Trump will keep his promises?
I'd be more inclined to vote for him if he wouldn't.
Trump followed through with way more of what he ran on in 2016 than any other President I can remember in my lifetime (this would only go back to George W Bush, I was too young during Clinton).
@@christr1ut87what did he actually follow through on? Honest question
@@christr1ut87 No he didn't lmao. He didn't bring back manufacturing jobs, he actually lost manufacturing jobs. He didn't lower everyone's taxes, mine actually went up under Trump. He didn't protect our civil liberties he repealed Roe v Wade and allowed half the country to put Americans under martial law for 2 years. He didn't fight for our rights, he tried to ban firearms modifications. Not that I care but he didn't even build the wall, he put up a few miles of Fencing.
Bro name ONE promise Trump fulfilled. I don't care who got in the way of what you wanted to talk about results so let's talk about results.
@christr1ut87 your memory is quite faulty. He promised ti balance the budget, replace the aca with something better. both get rid of and expand medicare.
The only promise he kept was tax cuts which just so happened to favor rich people.
Saagar, the main reasons for inflation were the volatile energy peices caused by the Russian embargo on oil, the backlog of goods and services because we shut down the economy down so long while printing money to pay people. Said people spent this money on scarce shit driving prices higher with little replenishment because everyone was at home chilling instead of producing more goods; scarcity in the auto industry and free money to spend on cars. And sharp increase in commodity prices... to name a few.
Com'on Saagar. U know this!! If you print more money, you will get inflation. This was the kindergarten 101 lesson.
We revised DOWN 818,000 jobs annually. 68,000 a month on average. 245,000 -68,000 jobs is 177,000, half in hospitality and government...
I’m going to tune in on election night just to see Sagaars smug face as Trump loses a second time
Same job report that gets revised downward by a large percentage every time it’s released
It’s still a net gain of jobs
Well actually they just revised up in the last couple months but that would hurt your partisan feelings so…
Uh that’s not what happened. In fact didn’t they add 81000 jobs to the previous report?
Let's look at the last 10 reports to see if this statement is true:
Reports Corrected as Better (Upward Revisions):
May 2023
March 2023
February 2023
January 2023
December 2022
November 2022
Reports Corrected as Worse (Downward Revisions):
August 2023
July 2023
June 2023
April 2023
@@jagger3600Oops, you're a liar. Everyone is shocked.
Don’t let her threaten you saager we ain’t dumb I’d rather struggle now and do the right thing than put another bandaid on shit
Saagar has entered the “I make so much money, middle and working class issues are now theoretical to me” arc. Kudos for Krystal for also entering that arc but not becoming completely disconnected
Krystal made like $30 mil from her first marriage divorce. She only says what she has to in order to not lose her other out of touch friends at the country club
Oh please... Krystal is wealthier & more entitled than Saager is! 😂
Not really because everything is up across the board. If tariff's are placed on things we COULD produce domestically it would be great. It sucks for things that we don't have infrastructure for, however once those facilities are built everything would come down. Right now we just export cheap labour essentially, and carbon emissions ... also wasting water. It's fine if it's not on my soil right?
The expenses that piss me off is not “higher prices”. Its the skyrocketing property tax and insurance premiums that are soaking up all my disposable income. I had zero problems with either prior to the pandemic.
As for tariffs, if you don’t allow immigrants the labor shortage will drive prices to uncompetitive levels. Reshoring only works without labor shortage. Just like it did when we industrialised in the first place on the backs of immigration in 1880s -1920s.
Krystal is the last person I’m listening to regarding business, and she’s so biased it’s turned me off to the show
Start your own show then
Funny because saager’s bias turned me off to the show. See what I did there. 😉
I don’t know why she thinks there will be tariffs all across the board, the policy is reciprocal tariffs
Why do people like you come here and cry in this channel? It's literally two folks with different views providing news and their opinions. That's the beauty of it.
@@DonDezeyTeachesVGmaybe because that’s the policy Trump is pushing. Are you hard of hearing 😂😂😂😂
God, someone on this show has to actually have facts.
This is the same channel that said inflation wasn’t happening and “oh well it’s only temporary”.
What are you smoking. When did they ever say that. You are just making stuff up now
When?
What clip have they said that because I thinking you cap
Would you share the title verbatim of the video in which someone on this channel said that?
Yeah I'm gonna need receipts on this one as well chief lol
Would be great if someone from Breaking Points did some research on the effect of the Buy America Act. Was a policy that tried to trigger more domestic products for steel and lumber for infrastructure projects, but we don't have the supply to foster the growth of the industry. I think tariffs would create incentives for the industry to grow domestically.
I think tariffs are horrible for raw steel that Biden put in place earlier this year, that increases the prices across the board for any end product made in the US, and at the same time cheaper to create and import the same end product to the US. I'm more OK with tariffs on the end products made. A tariff increasing the cost of steel to make a car in the US gives an incentive to create a car outside of the US using non-US labor (factor in the income multiplier effect and substantial impact), where a tariff on the end car gives an incentive to create the car in the US.
Almost 900k jobs revised down last month. Some of yall have the memory of a gold fish.
And i’m sure you immediately wrote this without checking if Trump had any revisions under his presidency right?
I find it amusing how obsessed with the adjustments you halfwits are... doesn't matter if they were adjusted they are still going up and are still better than anything the orange clown could manage
American mercantilism, not liberal capitalism will lift Americans out of poverty.
With these prices who tf can not work 1 job better get 2.
The issue with saying the economy is "the same or somewhat getting better" is that in the BEST case it is only _somewhat_ better than from the diabolical lows of 2020/2021 which is to say that it's horrible
Krystall is entirely missing/avoiding saagars point of incentivizing companies to make the "imported low skill goods" in the us. And not importing them. Higher costs for them - sure. Not having to care about xyz countries problem that currently makes them? Great 💯
For starters, we literally don’t have the soil or climate required for some foods. Then on another note, stuff like textiles are labor intensive but require cheap labor. Do we want tons of minimum wage textile jobs just because we want to make clothing here?
@@insanittiez4860 the climate argument. Totally valid. No disagreement on those. And for the textiles - no. You automate most of that process now and dont pay low skill workers at all. And for the stuff that does require human interaction but is low skill...
Thats what the people trying to make a living off of mcdonalds should be doing... it is totally worth while cost from a security/ignoring the rest of the world standpoint
@@Judiacator wrong on textiles. Automation has been tried but we have yet to make a machine that can adapt and change to the precise specifications of textiles efficiently. Ask yourself, if automation was already here, why are Banana Republic and all these companies still using cheap labor abroad. They could just automate and save a ton of money
@@insanittiez4860 fully admit that the automate in textiles is in infancy. But i encourage you to check into the topic. Because the low wage earner being the primary source for that is going to be a thing of the past
End point still stands. Having an independent system and not havung to care how the us interacts with the rest of the world is better than having to play nice in the sandbox for economic reasons
I’ve only heard Trump say he’d put tariffs on China. Oh and China doesn’t export bananas or coffee.
Krystal: raising tarrifs will raise prices and hurt lower income Americans
Krystal: raising taxes won't prices!
😂😂
On corporations? Yes.
On wealthy individuals, probably not.
Taxes on corporations will raise prices, but taxes on a wealthy individual has no affect on the pricing of a product. At least not %99 of the products on the market. Al it would do is make it harder for wealthy people to purchase extremely expensive luxury goods, which would ironically decrease demand…thereby reducing the price of said goods.
"People feel..." - keep on voting based on feelings, that's one way to engineer another great depression. Harris will be a continuation of Biden on economics, Trump, on economics, will be much, much, much better.
Did anyone comment that all the new jobs were for spirit Halloween stores yet?
Increase the tariff so that manufacturers stay in the US, and at the same time reduce regulations and government handouts to encourage competitions so the price can be driven down with efficiency going up.
So long as it’s selective tariffs like Biden does, then yes. But a broad tariff is nonsense.
Purchasing power is the best way to look at the economy. We use it for corporations when they brag about their profits on earnings calls but never a word about monthly household profits. Its not about inflation or employment. Its about how much do you have left over after your bills.
So funny how all of these people are saying how Krystal ruined the show, yet click on it anyway just to whine. What a life.
All conservative. bot accounts
@@CashMoolah00 not a bot krystal loves the smell of her own farts
You posted this as soon as the video came out, there were no comments, you’re the bot
Saagar is so wrong in this clip that even the conservative bots toned down on the Krystal whining.
@@daviddaniel4418 lol
Saagar’s support for tariffs misses the fact that other countries massively subsidize valued industries. He even mentioned subsidies at one point - china isn’t winning trade wars because of its high tariffs but because the state supports (and often even owns) the industries in question. Tariffs without industrial subsidies could well be a disaster. And anyways are we going to grow all our coffee and bananas in Hawaii and American Samoa or something? I don’t want to pay more for bananas because of a misbegotten industrial policy.
I own a home and have a pretty good job. Under Trump, I could do whatever I felt like. I wanted to take a trip, no problem. I wanted a car, no problem. Under Biden I haven't gotten to go on any trips or buy just the bare essentials. That's all I need to know about the economy.
😂 you sound really dumb just to blame Biden who's kept a lot of the trump agenda plus Trump and Congress tanked the economy with COVID and nothing has been done to make any good changes.
Well you should have invested better. Why weren't you pulling harder on those boot straps. Sounds like you aren't taking responsibility for your failures
If we can produce it here a tariff makes sense. If it costs American jobs a tariff makes sense.
The choice isn’t tariffs or no tariffs. It’s everything has a tariff or select tariffs
Wrong. We should be promoting the free movement of goods. Tariffs should only be used when countries are doing things such as illegal dumping etc.
If you are find your opinions on macroeconomics agree with Krystal then you may need to re-evaluate your perspective.
Any US industry that has to compete with foreign industry WILL lose not through any fault of US workers.
The reality is the cost of living is more expensive therefore workers cost more and THE biggest input to US industry is worker salary.
Krystal talking about how the little people are suffering is so cute. What time is Wine Down Wednesday Krystal?
She doesn't even drink!
Sadly everyone will chose cheap Chinese bs from Amazon.
The huge elephant in the room regarding the economy that no one seems to be discussing is the expiring Trump tax cuts from 2017 after next year. To give everyone an idea, if you are a family of four making $150,000, so both parents making the average, you will pay $8,000 more in federal income taxes once the tax cuts expire. If you're married 1 kid making $80 you're paying $2500 more. If you're single, no kids making $60k you'll be paying $2,700 more. If you own a small business you've enjoyed a 20% deduction on your business income for the past 7 years. Meaning if your business brough in $200k income you only paid taxes on $160k or if you made $100k you paid taxes as if you only made $80k. I trust Trump will fight for his own tax cuts a heck of a lot more than Kamala. People have been gaslit to high heaven thinking TCJA was a "tax cut only for the ultra wealthy" and are in for a massive shock if they are allowed to expire.
The corporate tax cuts a.k.a the elite, DOESN'T expire. Why is that Jason?
Why the middle tax cut had expiration but the rich and corporate tax cut remained permanent
Tells you the motivation of that tax cut that was passed by Trump
@@MoonDoggie-hs2se you are talking about the corporate tax cut from 35% to 21%. Before TCJA US had the highest corporate tax rate among OECD countries with the reduction we are now average which makes the US a lot more favorable for corporations to do business in & reduced the incentive for corporations to use profit shifting. These are good things, glad that doesn't expire. I'm concerned with what does expire which is why I highlighted, pretty strange that your comment seems intended to deflect.
@@Ashantia35"I'm not capable of understanding what was actually just said, so I'm gonna focus on the one thing I was able to grasp and complain about."
This is you right now.
@@Ashantia35 Read my reply to Moondog about corporate tax cuts, those 100% were needed for the betterment of our economy and to be competitive in global market to attract businesses wanting to HQ in the US. Also I'm not finding the provision you're referring to about tax cut for a rich individual remaining permanent, whether someone makes $20k or $20m in income that tax break expires at the end of 2025. Also their tax cuts were a lot less impactful, a family making $1m saved $42k out of a would be $330k tax bill. Compared that to my aforementioned example of the middle class family making $150k them saving $8k on a would be $21k tax bill is far more substantial percentage wise and how much of more of an impact it has on the middle class family's overall finances.
This segment was absolutely bananas. Krystal
Over 55% of those jobs were govt jobs, not real private sector jobs.
Government jobs are real jobs
@@stratvids no they aren’t. They are jobs created by the govt utilizing tax payer money (well in this case utilizing massive debt/deficit fundings). You could have 100% employment if the govt chose to, by employing everyone….doesnt mean it a real, productive job.
@@will9134since when did a job become defined by whether its a private or public sector? Wait it didnt. Jobs are jobs regardless
Oil in our country is completely subsidized. And we are currently the number one producer of oil.
Krystal has ruined this show and Saager steps inline with her.
How has she ruined the show? It's the same format it's always been since the Rising days.
Log off grifter
If you want to state the reason why you disagree with Krystal then please do. But to sit here and cry because she says something you don't like is just cringey.
just replace Saagar's name with yours...
does Saagar have any idea of why manufacturing jobs were "shipped abroad" to begin with? He understands that "made in USA" equals made by US employees earning US employee wages, subject to US regulations right? The cost of labor cost alone, not to mention worker's comp costs, employee benefits costs, payroll taxes, etc... Who do you think eats that cost, the companies? LMFAO! The consumers do, with the higher product prices. So tariffs add to costs, and now US labor adds to costs. Yeah, that sounds as great as "trickle down economics", look at the middle class catching the 1%... oh, that's right. SMH!
In addition, we are one, maybe two generations away from robotic/automated everything. So let's spend trillions on something that will be moot in less than 50 years. SMH! These low skilled employees will be doing what then, flipping burgers, working the cash register, driving cabs, or janitorial work? Nope, they will all be automated. Now you have millions of unqualified people with no job and no skills, who still need to eat. Yeah, really thought that one through didn't he? SMH! Add millions of unwanted forced births to the population, defund public education, and give them easy access to military grade weapons. What could go wrong? LMFAO!
I've yet to find a single whiny comment about Krystal that ever substantively addresses anything she actually says
It doesn't feel this way. Finding a better job is like a needle in a haystack
Why do they always say 'tax cuts for the rich"? Why can't they tell the truth and say tax cuts for us all?
Krystal: No tariffs it will raise prices!
Also Krystal: We need to spend trillions of dollars on social programs. It won’t cause more inflation that greedy corporations fault.
No Logic.
I’d trust Sagar on trade WAAAAY more that Krystal. She’ll say anything to support Kamala
Trump will raise taxes for 95% Americans with the extreme tariffs on most products. Trump economic plan is terrible. Selective tariffs are ok but should be temporary
You think the Congressional GOP or dems would go along with it? Not a chance. The whole arguement is meaningless because Congress will never let it happen
We already saw what happened under a Trump presidency and your taxes did not skyrocket that high. Inflation was super low.
You are fearmongering because you want Kameltoe to win.
Inflation is a worse "tax" than tariffs
KRYSTAL BALL is the LAST person in the world anyone should listen to regarding Economics.
Umm, nah, that would be Trump.
Are you implying that we should listen to Saagar instead? If so, that would be even more disastrous.
@@dtcharo No. Did I say that? Dont put words in my mouth.
@VETTERACER96
You did say she's the LAST person, which means that anyone else would be better. Those were your exact words, in your OP. Literally your exact words. Literally, as in the exact definition of that word literal: taking words without metaphor
Or
Representing the exact words of an original text.
Both definitions apply here.
You even did all CAPS for the word 'last.'
@@anthonytwohill9726 i bet you are still wearing a MASK on your face as you typed that out in MOMS basement
Krystal missed an opportunity to use a terrible pun: “putting tariffs on bananas 🍌 is bananas”
How can Krystal bring this back to gaza?
Maybe study some more
@@aliciamarquez251she has Israel derangement syndrome. I don’t like Israel but leftist like her hate them for some reason, it’s strange
Sagar has been MAGAized, on the economic policy at least. Don't always like Krystal's opinion on various issues, but on economic policy she is correct. Her approach is more pragmatic rather than ideological or radical.
4:03 Krystal: « Tariffs is an insanity », that’s WHY BidenHarris kept them in place, right!
Krystal should support growing coffee and bananas in the USA. CLIMATE CHANGE is real!😂
Krystal has no clue what Saagar is saying.
No one knows what Saagar is saying it's incoherent nonsence
krystal said bananas like 5 times lol
This comment section is going off on krystal even before listening to her even tho she has a better understanding than 90% of people here
she obviously has little understanding of young males who make 2/3 of people here
Same as usual. Comment section is always full of haters.
@@xyzzyx7812not an argument.
She only has to understand the material nature of issues she is discussing and not the nature or beliefs of any audience..
@@xyzzyx7812so your saying young cis males need a safespace to protect their feelings from facts?
I'm beginning to buy more into this tariff policy. I definitely do believe there will be upfront cost but if we manufacture more items here in America, we can avoid these turmoil shocks and with increased bigger natural disasters from climate change or another pandemic, it might be worth it. A lot lefties make this same argument with energy. They'd acknowledge upfront cost but long-term savings with transitioning away from oil. We need to be bold on both fronts.
Saagar is principled anti-intellectual on any issue he believes in enough. He’d never ever concede that it’s a 1:1 the same thing that Kamala supporting border restrictions translates to her overall support for Trump’s border policies that way he acts like targeting tariffs and blanket tariffs are the exact same thing
Just started this video, bet Krystal will be full TDS.
Saagar not understanding why we can't just build up our domestic banana production base is just wild
For realz tho
I bet he is looking for another job behind the scenes. He seems checked out ever since he came back form his wedding.
Saager, the conservative, supports Made in the US. Krystal, the Democrat supports Made in China. Interesting..
Volvos biggest share holder is China through Geely. And most of their industry is in China today. They still make some cars in Sweden but their biggest market is China. I'm a Swede so I know this. Saager thinks he know Europe but he really don't know anything
Krystal thinking she’s smart on tariffs is very funny. If she says the same thing 9 more times someone might agree with her.