It does matter who's in government, not so much in the short-term, but if Americans can consistently elect people who are financially responsible and not corrupt, then we can turn this trend around. It will take a long time and Americans aren't known for electing financially educated people into office so it's more likely America will simply collapse under the weight of the stupidity of its people while politicians launder all the money they can through pet projects and wars.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Having the right plan is absolutely essential. My portfolio is well-diversified to perform in any market condition, and it's seen a 100% growth since early last year. My financial advisor and I are working towards a seven-figure goal, though we’re aiming for 2025 to reach it.
@@hasede-lg9hj This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Ms. York is 100% right! My company's import tariff when from 5% to 28% in 2019. We just passed the cost to our customers, but our sales came down with the higher price, then we have to cut cost on something else such as the number of warehouse staff. What Americans don't understand is that you can raise the tariff to 300%, something will never be made in the US again. The US just don't have the enough skilled workers from sewing machine opoeraters/pattern makers in garment factories to semiconductor manufacturing engineers. On top of that, the down line supply chain base for many industries aren't in the US and it will take years to reestablish. Protectionism and tariff will destroy the economy, just ask Argentina. 2019 tariff costed us trillions to bail out the farmers and the 1929 tariff bright us the Great Depression, I guess Trump will Make America Great Depressed Again!
The Great Republican Depression it was known as....just as The Great Republican Recession was.....for obvious reasons. Don't know why it is referred to differently.
@TurfSurf yea your a fool. You don't pay tariffs if your company is in America and you sell to America. You pay taxes, and yes, when your taxes are raised, so is the prices of the product you sell goes up and the children that made this video and you are the ones who are the un educated just cause you go and get some fancy degrees makes you educated you don't even know the difference between taxes and a tariffs
Yes. Americans are uninformed and some, just ignorant. They are going to pay for their unwillingness to think critically. Trump has no one to blame this time.
The other thing that many people fail to see, apart from the ridiculousness of having to tariff everything up to 70% to cover the income tax shortfall, is the fact that the entire premise of having the put in the tariffs is so that manufacturing will be brought back to the US. No matter what happens, the bulk of the manufacturing for what the US imports is NOT going to come back to the US, but for argument's sake, let's just assume it does. So, you get up manufacturing everything from diapers and t-shirts, to little spinner doodads and TVs and everything in between. Well, what happens to the imports that will get smaller and smaller? That means that the tariffs collected will also become smaller and smaller. Where are they going to get trillions of dollars in revenue that they just lost in giving up income tax revenue?
I've watched Trump representatives lie/exaggerate AND democratic press talk about Tariffs as if it wss instantly and wholly passed on to consumers. This was exceptionally well researched and explained. Thank you.
With the extra expected and promised increased in U.S. production as a result of tariffs I would sure expect that instead of reduction of immigrant work force that it will be necessary to increase immigrant workers to several million. A lot of contradictions here in the Trump promises and proposals.
I assume China will be squeezed by their overcapacity due to reduced US imports as well as the opportunistic pricing pressures from the markets they are left with. I also assume there will be wage pressures due to US inflation. I wonder how many import dependent companies will shrink or die with tariffs.
@@erickanter Having worked for a CPGs company that was forced to move production from US to Mexico and China (by Big Box economic coercion), I'm inclined to think structural changes over the last 25 or so years have put many US importers (once producers) into untenable positions. The capital and operational costs of reshoring make it likely that these companies will decide to liquidate before taking the risk of investment as margins, even with price increases, are slim. Building factories in an inflationary (and politically driven) unstable environment, particularly for smaller firms, is a hard sell even in growth markets. I think that's pretty real!
Yeah, people should have already known from the last 4 years under Biden when he kept and expanded Trump's tariffs. Why were people not talking about it when Biden could have done something?
The long term negative effects of high tariffs far outweigh the short term negative effects and increased costs. You can learn this in the first semester of Economics. This is a losing strategy. Those running for president should be required to have minimum 1 year of ECON.
The FICA TAX is a steady income of money. A tariff tax is too fluctuating to rely upon. He should have listened to the Fortune 500 business men/women. Good luck trump!
Supply & demand issue: if US consumers are led to buy more American goods, there will be more demand than goods needed to supply the need, which means prices will go up for all of us! 😢
No, one cannot make everything in America again at a low cost. Therefore, most Americans will have to choose between paying more for or even doing without many goods. Not the best outcome for the economy, to put it mildly.
I am Canadian, and I see this as being a real burden on the North American economy. Since the Trump victory, I have been making all my large purchases now. I was going to purchase a new Ford F150 in March 2025 but just purchased now due to future price increases. I am also doing as many high ticket item purchases before January. I am borrowing many as the interest rates are less than what the price increases are going to be. The US is going to see an economic slow down with an increase in cost of living. I am guessing that you will be seeing employment cuts in order to cut operating costs. Employees are the easiest thing to get rid of when cutting costs.
Tariffs are something we Americans pay. Imagine you are a chair salesperson. If you sell me a chair from your business for $100, then you receive $100 (pre-tax). That chair comes across our border. At customs, Trump tax imposes a 20% tariff on the chair aka $20. Then it arrives at my house. I end up paying the $100 for the chair, whatever the sales tax is, the $20 tariff, and the shipping and delivery charge. You don't pay the $20 tariff, I do.
@josdesouza Yeah, now we depend on other countries for materials to build aircraft. Nope! Not a security risk or anything! Not necessary to make anything here! You're a genius...
Social security is literally our money. We pay into the system. We expect it back. It is counted as revenue. Fema will go to disaster hit areas and give a % of revenue to people who are impacted by disasters. I learned that first hand when my house got 4 inches of flood water from hurricane Helene this year. It wasn't much, but it was something. Ask anyone on medicare whether they're expecting their medicare check next month. Revenue is spent. Whether it is spent on us or on big corporations is up to how we vote.
To be honest, the only way to sort our economy is less debt and better decisions from citizens. Every dollar you give to a billionares business leaves the economy and stays in there money trap. Keep your money, starve the Elon musks.
A small tariff on child care would finish the Skum/Rawsalami addition to the Mar. And child care is, afterall, child care, and you gotta have child care because it is child care. 🙃 China will pay this, i promise. 🤣
HOW CAN YOU EVEN TALK ABOUT TAXE CUTS WITH A DEFECT OF 35 TRILLION DOLLARS? HE IS GOING TO RAISE THE DEBT BECOME TAX CUTS WILL LEAD TO REDUCTION OF GOVERNMENT REVENUE. AS NATIONS AROUND THE WORLD PULL THIS SAVINGS OUR OF U.S TREASURY BONDS THAT IS LESS MONEY FOR OUR GOVERNMENT EXPENDITURES. SO HE HAS TO PRINT MONEY LEADING TO MORE INFLATION.
Tariffs in the short term might be beneficial but in the long term they won’t.. to start with tariffs are pasted on to the consumer which means the cost of goods go up. That equates to fewer sales which also equates to less sales tax. Let’s say he is successful in bringing back or creating more businesses in america because of tariffs that equates to no tariff tax.at all. I think the best course of action is an income based tiered flat tax that would reduce the IRS by at least half and make fair taxes for everyone. No loopholes no more refunds you net 10 million you pay a flat tax on 10 million you live in poverty you pay no tax.
Its a different world... because of brics countries are trading in own currency and many countries will avoid us tariffs is they can and not sell or buy from USA
We can only battle this stupidity but not purchasing a single thing that has a trump tariff. This removes us from contributing to trumps tariff revenue stream.
Trump Derangement Syndrome here. With total authority granted by the Supreme Court and by staying for his 3rd and 4th terms, Trump can command success. Relax, chicks.
unless Trump is Putin's pawn and actually seeks to destroy America culturally & financially. Consider the following facts about Trump: --Spreading mistrust in media (helps Putin) --Trying to overthrow Democracy (helps Putin) --spreading "the election was rigged" conspiracy (helps Putin) --hired Mike Flynn (who had dinner with Putin) as director of national security (helps Putin) --gave PPE to Putin during the Pandemic --cannot say a bad word about Putin... ever --"Russia, if you're listening, I hope you can release Hillary's deleted emails" (emails released hours later) --Trump's inner circle met with Russians during the 2016 campaign and lied about it --refusing to hand over national security material and storing it at Mar-O-Lago where 'people' would have easy access... --hiring Tulsi Gabbard (a Russian puppet?) for national security --hiring RFK a conspiracy nut to destroy America's health system That's just off the top of my head...
It does matter who's in government, not so much in the short-term, but if Americans can consistently elect people who are financially responsible and not corrupt, then we can turn this trend around. It will take a long time and Americans aren't known for electing financially educated people into office so it's more likely America will simply collapse under the weight of the stupidity of its people while politicians launder all the money they can through pet projects and wars.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Having the right plan is absolutely essential. My portfolio is well-diversified to perform in any market condition, and it's seen a 100% growth since early last year. My financial advisor and I are working towards a seven-figure goal, though we’re aiming for 2025 to reach it.
@@hasede-lg9hj This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Ms. York is 100% right! My company's import tariff when from 5% to 28% in 2019. We just passed the cost to our customers, but our sales came down with the higher price, then we have to cut cost on something else such as the number of warehouse staff. What Americans don't understand is that you can raise the tariff to 300%, something will never be made in the US again. The US just don't have the enough skilled workers from sewing machine opoeraters/pattern makers in garment factories to semiconductor manufacturing engineers. On top of that, the down line supply chain base for many industries aren't in the US and it will take years to reestablish. Protectionism and tariff will destroy the economy, just ask Argentina. 2019 tariff costed us trillions to bail out the farmers and the 1929 tariff bright us the Great Depression, I guess Trump will Make America Great Depressed Again!
The Great Republican Depression it was known as....just as The Great Republican Recession was.....for obvious reasons. Don't know why it is referred to differently.
And I call bullshit on your claim
@@nobodyimportant9583 this is why Trump loves his poorly educated, but stay poor, it’s your choice.
@TurfSurf yea your a fool. You don't pay tariffs if your company is in America and you sell to America. You pay taxes, and yes, when your taxes are raised, so is the prices of the product you sell goes up and the children that made this video and you are the ones who are the un educated just cause you go and get some fancy degrees makes you educated you don't even know the difference between taxes and a tariffs
Yes. Americans are uninformed and some, just ignorant.
They are going to pay for their unwillingness to think critically.
Trump has no one to blame this time.
The other thing that many people fail to see, apart from the ridiculousness of having to tariff everything up to 70% to cover the income tax shortfall, is the fact that the entire premise of having the put in the tariffs is so that manufacturing will be brought back to the US. No matter what happens, the bulk of the manufacturing for what the US imports is NOT going to come back to the US, but for argument's sake, let's just assume it does. So, you get up manufacturing everything from diapers and t-shirts, to little spinner doodads and TVs and everything in between. Well, what happens to the imports that will get smaller and smaller? That means that the tariffs collected will also become smaller and smaller. Where are they going to get trillions of dollars in revenue that they just lost in giving up income tax revenue?
I've watched Trump representatives lie/exaggerate AND democratic press talk about Tariffs as if it wss instantly and wholly passed on to consumers.
This was exceptionally well researched and explained. Thank you.
Walmart said today, trump tariffs, will significantly increase prices for consumers.
With the extra expected and promised increased in U.S. production as a result of tariffs I would sure expect that instead of reduction of immigrant work force that it will be necessary to increase immigrant workers to several million. A lot of contradictions here in the Trump promises and proposals.
Good interview..
I assume China will be squeezed by their overcapacity due to reduced US imports as well as the opportunistic pricing pressures from the markets they are left with. I also assume there will be wage pressures due to US inflation.
I wonder how many import dependent companies will shrink or die with tariffs.
Well, virtually all companies are import dependent to some degree. Get real
@@erickanter Having worked for a CPGs company that was forced to move production from US to Mexico and China (by Big Box economic coercion), I'm inclined to think structural changes over the last 25 or so years have put many US importers (once producers) into untenable positions. The capital and operational costs of reshoring make it likely that these companies will decide to liquidate before taking the risk of investment as margins, even with price increases, are slim. Building factories in an inflationary (and politically driven) unstable environment, particularly for smaller firms, is a hard sell even in growth markets.
I think that's pretty real!
Yeah, people should have already known from the last 4 years under Biden when he kept and expanded Trump's tariffs. Why were people not talking about it when Biden could have done something?
Voters needs to get wonky and vote less on “feels” and more on facts. Pie in the sky ask, I know.
What happened
The long term negative effects of high tariffs far outweigh the short term negative effects and increased costs. You can learn this in the first semester of Economics. This is a losing strategy. Those running for president should be required to have minimum 1 year of ECON.
The FICA TAX is a steady income of money.
A tariff tax is too fluctuating to rely upon.
He should have listened to the Fortune 500 business men/women.
Good luck trump!
Imports drop and also exports when other countries respond. Loss of tax revenue on both.
Supply & demand issue: if US consumers are led to buy more American goods, there will be more demand than goods needed to supply the need, which means prices will go up for all of us! 😢
Tariffs is easy! He pulls it out of his ass and comes law!
No, one cannot make everything in America again at a low cost. Therefore, most Americans will have to choose between paying more for or even doing without many goods. Not the best outcome for the economy, to put it mildly.
I am Canadian, and I see this as being a real burden on the North American economy. Since the Trump victory, I have been making all my large purchases now. I was going to purchase a new Ford F150 in March 2025 but just purchased now due to future price increases. I am also doing as many high ticket item purchases before January. I am borrowing many as the interest rates are less than what the price increases are going to be. The US is going to see an economic slow down with an increase in cost of living. I am guessing that you will be seeing employment cuts in order to cut operating costs. Employees are the easiest thing to get rid of when cutting costs.
Tariffs are something we Americans pay. Imagine you are a chair salesperson. If you sell me a chair from your business for $100, then you receive $100 (pre-tax). That chair comes across our border. At customs, Trump tax imposes a 20% tariff on the chair aka $20. Then it arrives at my house. I end up paying the $100 for the chair, whatever the sales tax is, the $20 tariff, and the shipping and delivery charge. You don't pay the $20 tariff, I do.
We don't HAVE an economy due to the fact we export nearly nothing!
With the US dollar as the world's reserve currency of preference it isn't necessary.
@josdesouza Yeah, now we depend on other countries for materials to build aircraft. Nope! Not a security risk or anything! Not necessary to make anything here! You're a genius...
..the tariff idea is a simplistic argument for a simplistic audience..
Do people think that revenue will be spent on them? 😂
Social security is literally our money. We pay into the system. We expect it back. It is counted as revenue. Fema will go to disaster hit areas and give a % of revenue to people who are impacted by disasters. I learned that first hand when my house got 4 inches of flood water from hurricane Helene this year. It wasn't much, but it was something. Ask anyone on medicare whether they're expecting their medicare check next month. Revenue is spent. Whether it is spent on us or on big corporations is up to how we vote.
@alexaber9786 the GOP has been itching to eliminate all of those programs. .......they will.
nothing to worry really. after the dust settles, this will not matter. the people have no money to buy anything anyway.
Inintended consequences. Things will go up or not be available.
Its going to be a mess. It removes stability.
I think its good that prices go up. It's probably the only way to wean America off its consumerism addiction. Doom-scroll shopping has no good end.
To be honest, the only way to sort our economy is less debt and better decisions from citizens.
Every dollar you give to a billionares business leaves the economy and stays in there money trap.
Keep your money, starve the Elon musks.
A small tariff on child care would finish the Skum/Rawsalami addition to the Mar. And child care is, afterall, child care, and you gotta have child care because it is child care. 🙃 China will pay this, i promise. 🤣
HOW CAN YOU EVEN TALK ABOUT TAXE CUTS WITH A DEFECT OF 35 TRILLION DOLLARS? HE IS GOING TO RAISE THE DEBT BECOME TAX CUTS WILL LEAD TO REDUCTION OF GOVERNMENT REVENUE. AS NATIONS AROUND THE WORLD PULL THIS SAVINGS OUR OF U.S TREASURY BONDS THAT IS LESS MONEY FOR OUR GOVERNMENT EXPENDITURES. SO HE HAS TO PRINT MONEY LEADING TO MORE INFLATION.
fun fact ...it would take a person 31,700 years to count up to One Trillion 😁
Are they sisters or cousins?
Members of the smart & cute girls committee
Two broke girls show
Tariffs in the short term might be beneficial but in the long term they won’t.. to start with tariffs are pasted on to the consumer which means the cost of goods go up. That equates to fewer sales which also equates to less sales tax. Let’s say he is successful in bringing back or creating more businesses in america because of tariffs that equates to no tariff tax.at all. I think the best course of action is an income based tiered flat tax that would reduce the IRS by at least half and make fair taxes for everyone. No loopholes no more refunds you net 10 million you pay a flat tax on 10 million you live in poverty you pay no tax.
P-2025... 15% Flat Tax.
What does the average American pay, 9% ?
So that's an increase in out going costs too!
Its a different world... because of brics countries are trading in own currency and many countries will avoid us tariffs is they can and not sell or buy from USA
We can only battle this stupidity but not purchasing a single thing that has a trump tariff. This removes us from contributing to trumps tariff revenue stream.
Yea i call bullshit these kids dont know shit about tariffs
Pragmatic response. Trump will have to scrap social security and medicare.
The man only tears down.
The problem is we have the INCOME TAX in the constitution. We may if Democrats regain power get the Tariff & them a return to the income Tax.
not used to seeing attractive women speak about complex economics. something is wrong here
They talk about all sorts of things that people talk about. They are almost like normal people except they read more RUclips comments like yours.
propably because you spend all your computer time looking at p0rn
Republican media women are attractive..But that's where it ends
Sorry bro, that's a weird thing to say.
Trump Derangement Syndrome here. With total authority granted by the Supreme Court and by staying for his 3rd and 4th terms, Trump can command success. Relax, chicks.
oh, boris...
yes you are suffering FITH syndrome....thats F**ked in the head Syndrome 😂
I don't think Trump and his advisors are that dumb to do a 70% Tax 😅😅
unless Trump is Putin's pawn and actually seeks to destroy America culturally & financially. Consider the following facts about Trump:
--Spreading mistrust in media (helps Putin)
--Trying to overthrow Democracy (helps Putin)
--spreading "the election was rigged" conspiracy (helps Putin)
--hired Mike Flynn (who had dinner with Putin) as director of national security (helps Putin)
--gave PPE to Putin during the Pandemic
--cannot say a bad word about Putin... ever
--"Russia, if you're listening, I hope you can release Hillary's deleted emails" (emails released hours later)
--Trump's inner circle met with Russians during the 2016 campaign and lied about it
--refusing to hand over national security material and storing it at Mar-O-Lago where 'people' would have easy access...
--hiring Tulsi Gabbard (a Russian puppet?) for national security
--hiring RFK a conspiracy nut to destroy America's health system That's just off the top of my head...
keep in mind, his previous Cabinet official Rex Tillerson called Trump "a fucking moron"
really? jewish space lasers, governments whipping up hurricanes, people eating cats and dogs?
Which implies Americans are that dumb to believe it.
yet you were stupid enough to elect him.