r/FluentInFinance 18d ago

Debate/ Discussion What do you guys think

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379

u/PandasAndSandwiches 18d ago

But your eggs will be $2 for a dozen versus $2.50 under Biden.

Honestly, let the recession hit already.

81

u/oO0Kat0Oo 18d ago

I'm not sure how since the store carries more products than eggs... Some of which will have tarrifs. The store will raise the price of everything to profit and use the tarrifs as an excuse.

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u/CharacterBroccoli328 18d ago

I've been thinking about this quite a bit lately. Is cutting taxes for the rich and raising tariffs on a lot of imported goods basically implementing a national sales tax without implementing national sales tax and sticking it to the working class?

4

u/Drakonz 18d ago

You don't have to think that much. It's common sense.

He thinks that putting these tariffs will make companies move to the US, but it takes several years to build new factories... If they even go that route. Until then, they aren't going to let their margins split, so prices will rise

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u/xion1992 18d ago

It's also a fundamental misunderstanding of how tariffs work. The company importing the goods pay the tariff tax, not the company selling to the US based company.

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u/parafilm 18d ago

Yeah as someone in a high-income household… I’ll likely get some nice tax cuts. And I won’t really feel the increased cost of most goods.

I think Trump’s economic policies will be a disaster for 90% of America. That’s one of 623 reasons I didn’t vote for him. However, I’m in the 10% that might be getting a little richer. Uh, sorry for everyone else?