Why Trump's ONLY Correct Policy Will Crash the Economy - Thom Hartmann

[Rhiannon12866]

Donald Trump's plan to put tariffs on China, Mexico and even Canada will backfire, Thom Hartmann explains how tariffs should be done! - 11/30/2024.

[duncang]

1. You want to enact tariffs.

Great but for the right reasons. I can see slowly increasing tariffs over time if you want to encourage more things being built here. Give companies a chance to gear up. You toss out giant tariffs all at once you just make prices skyrocket. You have a problem with the border tariffs aren’t the answer. We barely check outgoing people, vehicles, and goods so by the same logic Mexico should be placing tariffs on us. We had a bill out of the senate that would help stop drugs and guns at the border but idiot boy stopped that. Tons of cocaine comes by boat to Florida. Why isn’t that a problem?

[Rhiannon12866]

2. And we know that failed businessman TFG should be the last one to making business decisions for the country

He already went bankrupt 6 times and owes the state of New York millions for his unscrupulous business practices. Not that the convicted felon and insurrectionist should have been able to run in the first place, let alone that fellow Americans actually voted for him.

[lonely bird]

3. Once you are in a free trade scenario...

It is extremely difficult to impose tariffs.

Beyond that? The jobs aren’t coming back. In addition, high tech manufacturing does not employ people on the scale that heavy production did during the golden age of capitalism. Automation and streamlined processes destroyed the need for large numbers of workers. As an example, iirc, the US Steel Gary works employed 36,000 people at one time. When the company I represented supplied the materials to reline the North and South pickling lines there, they were employing 6,000.

The gig economy is going to increase in size. That must result in what Jeffrey Faux called “The Servant Economy” in his book of the same title.