humanspiral

Tarrifs are billionaire cash grabs

Not really. It is possible that Musk envisioned breaking NA auto pact to USMCA agreements on autos for purposes of destroying big 3 auto competition, which has been releasing competitive EVs prior to this aggression. Most billionaires like the status quo with existing protections of their business.

A depression does permit billionaires to swoop in later to buy assets. Complete chaos, uncertainty, and yo yo policies does allow for people to make huge short term leveraged returns if they know when the chaos is to be reversed and applied.

In this case, its just a cult leader doing stupid cult actions, though chaos profit angle can easily be there.

Attacking Russia stops being a bad idea every 100 years or so too. Occupying government of France leading the cheerleading a common factor.

US overall has over $7T in foreign sales (that are not exports). S&P 500 has $4.6T or 28% of its revenue overall. With most of the largest market value companies having 50% or more. https://www.visualcapitalist.com/visualizing-the-sp-500s-domestic-and-foreign-revenues/

Very simply, an effective boycott can wipe much more than 28% of stock market. Companies will face much lower US demand as well as a result of unemployment, fewer units of goods able to be purchased, and even service sector inflation. When they say companies will reduce profits to keep US and foreign sales, it means they lose money. US financial sector is actual backbone of US economy, and extremely prone to complete failure/bankruptcies that require bailouts, such as a financial asset crash.

Boycotts are the effective path to ensuring US has a coup over this. Make sure to force your countries to cancel all US weapons purchases, and call out treason for submission/sycophancy response that will come from the same sycophantic traitors that have ruled over you for so long.

nor does it justify any cut after 1983.

That was my point on how it is misused.

ok. Good luck to him and DNC.

Ken Martin is Zionist and torch bearer for Israel first rule (Dem candidate victory lower priority) over US. It's the party's proud tradition.

Laffer curve in political practice is BS. It is proven that you raise 0 revenue at 100% tax rate because no one is actually paid to work, then. The political distortion is "therefore, always lower taxes for more revenue".

Most people here love blaming Stalin for more than he is responsible for. The Soviet famine, was a global famine, and its roots are in this Smoot Hawley tariff act. Stalin gets blamed for upholding communist principles instead of submitting to Kulak farmer extortionist pricing. But he was also saddled with US pressure to repay debts with food. The tariff origins are that throughout the world, reciprocal tariffs meant not growing any surplus food, because you couldn't sell it abroad, and then making too much food just made prices lower. A bit of a drought somewhere, and FUBAR.

An even bigger factor to the stock market is that the largest companies get 50%-60% of their revenue from other countries. They are about to get shit kicked.

Great depression, and 2/3rds drop in global trade resulted.

I present also 1828 dementia https://en.wikipedia.org/wiki/Tariff_of_Abominations which started southern secessionist movements.

Unjustifiable trade attacks like all wars are bad for unity. If California or Texas has to pay $10k more per car so metal and auto workers elsewhere get high pay, national unity fractures. Everything being super expensive with no jobs because of global trade retaliations, means that Mexicans stop being a unifying problem, and those white Michigan and Pennsylvania blue collar workers cheering for Trump are the problem. Better cars elsewhere in the world become a bigger national unity factor the more protection $ is spent on inferior cars.

A much better deal than handing $5M to US Government. Just buy or start a restaurant, theoretically returning a fair ROI. But losing less than $5M should be easy.

Ultra high cost of living about to go through the roof higher. Hitler level loyalty oath required to not be harassed, and even campaigners have gotten face eaten by leopard deportation or fired. There are many cheaper places in world to live in, without having to pay as much for access.