White House aide Peter Navarro said that he expects President Donald Trump's tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history.
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Pardon my cursing, but these ignorant fucks have no idea what it's like to live on less than $1,000,000 a year. They have no fucking concept of what an average American makes, or how they strive to try and get by. Fuck them.
They won’t. They would create a recession or maybe a depression. People don’t have extra money to pay for that increase in prices, so they will have to cut and prioritize spending making sales drop.
Tariffs “Bring in revenue” in exactly the same was that X went from being worth about $8bn to $33bn simply because Elmo moved it from his left pocket to his right…
Republicans did not believe Trump’s words or actions. Moreover, the MAGA cult members thought their leader loved them. Therefore, republicans that keep Trump in power now are collaborators in this cruel nightmare.
prove it -show a diagram as to how this really works & how you got to that figure? where is the data to support this? We aren't stupid we all know it is just a bait-n-switch con just to cover up the big tax cuts for billionaires. Trumps new motto should be I don't care.
🤣🤣🤣hahaha if you dummies actually BELIEVE that, just give me $1 each of you and I will make you a billionaire. Didn’t this guy just get pardoned out of prison? I’d trust him.
What if Dow sinks to the bottom after very probable 'COUNTER ATTACKS' and LOSSES GETS BY INCOMPARABLY FAR AHEAD OF THOSE DREAMS OF "undreamably optimistic pink glasses????"
I will do my best to avoid buying the products that are included in the tariffs. The prices will be jacked up and I'm not willing to make up the difference with my money.
If the tariffs get paid he'll keep the money like they're keeping most money in our Government! Crying Elon Musk just got control of the Federal payroll!
That’s assuming we continue to buy as we do. This will end. I know I’m not buying as I used to. I’m making do with older stuff now. Not putting any money into this oligarch economy.
But don’t worry fellow poors, our billionaire and millionaire overlords will save a TON of money through payroll tax and buying up resources at incredibly low prices!
Like almost everything else coming out of Administration of the MAGA Messiah, Mad King Donald, that is complete BS. Where are Americans going to get another $6T to spend when they can't even afford to buy eggs now?
Trump people are economic idiots.
Why does nobody ever ask these dumb assholes what the endgame is? “We‘ve placed a tariff on this imported good making it more expensive for the average person to buy”. Why is that good? What is the point? What are you hoping to accomplish? Make them explain it.
... I'm sure this has been said already but I'll say it again: sure it will bring in $6t and cost $16t. Plus the nations reputation (of which there's not much left). Peter Navarro is a certified card carrying criminal and moron. #FUSA!
Trump simply tells his MAGAts that it was the largest tax CUT in history... which it will be, for billionaires and corporations... and from now on that will be their story and they're sticking to it.
And Americans will pay for each cent raised in higher prices for goods. Then that money will go straight into the oligarchs pockets. See! Everyone wins! You pay more and they get richer. Yea!
BREAKING: ANOTHER SLEAZE BAG LIES TO GULLIBLE MAGA'S! (THERE, I FIXED IT FOR THE PROPAGANIDSTS SPREADING THE LIE THAT TARIFFS ARE TAX CUTS! NOPE! THEY'RE NOT! TARIFFS WILL SCREW THE AMERICAN PEOPLE & OUR ALLIES!
Let's organize a "Day of Democracy!" It’s time for a nationwide sit-in! No one works, shops, or travels—except for emergencies. Everyone who stands for democracy and justice pauses all commerce to show the government the true power of collective action! 💪- strong together...
Which also means Americans will be paying 6 trillion in additional money. Companies aren’t stupid and gonna eat that. Or, they won’t ship to us if they have product sitting and not moving. Which means we pay more for higher priced stuff made here. Either way, it costs us money. Thanks GOP!
Please explain why anyone would care WHAT Navarro - a convicted criminal - has to say about anything?? Why are his lies newsworthy? Why promote Trump propaganda. We already have Fox State media.
The boycotting of US goods and services has already started and will only expand as Trump's tariffs get announced. A boycott is far more impactful than a tariff.
Isn't this the same guy, who claimed to know everything of covid, based on his Excel sheet stats. Had an alternative view of rule of law on tv. And was jailed, when the alternative view wasn't flying. I suppose he's the guy they pick, when other former tv hosts won't present the message.
A regressive tax is when the govt does something that otherwise raises your costs like placing a tariff. It's money you pay that the govt gets, so still a tax, just not called a tax so they can fool MAGA.
The Trump Tariff Scheme is the largest wealth transfer heist ever attempted. It will remove billions from the American economy to benefit only the wealthy. It's yet to be seen if the American people will let him get away with it.
Except a) It’s unclear what Trump is actually going to tariff or for how long, so no idea how you can project that and b) Trump will be gone in 3.5 years and the next Pres could just undo whatever is left of them anyway.
American Citizens don't get distracted by Trump, Elon, & FOX NEWS. They want us to forget that WE can NOW stop the corruption by voting. Please visit https://Ballotpedia.org or your local government offices to determine the upcoming elections. We must vote blue in all elections, especially in WI & FL.
And when they fail to, because people won't be able to afford anything, they'll propose the "national sales tax" to replace income taxes (which to Right Wingers is any tax paid by the wealthy) which will further impoverish people.
Regressive Trump taxes on folks purchasing imported products will be the largest in history and stoking inflation for these products but is likely to have the unintended consequence of further firing up price inflation on domestic products as well due to crippling their competitors. Double Whammy
I hope the people of America feel good about paying into the coffers of billionaires and companies which got a tax break in return. Totally.Utterly.Misguided.
Again, Tariffs are a tax paid by the US population. So, Trump 'revenue' is actually a $6 trillion tax on the US population, primarily the 99% who pay the most taxes, all for the 1% to gain the largest tax cuts in history.
WTF did you idiots vote for again? Eggs? Immigrants? Racism? Sexism?
who in the actual fuck cares??? THE GOVERNMENT'S JOB IS TO SPEND! You don't run the government like it's your personal bank account! #stupidfuckinidiots #magaMorons #corruption #project2025 #clowncar #zeroaccountability #REtrumpubliKKKnaziMagants
80% of everything in Walmart stores comes from outside of the United States and people that are struggling to get by shop at Walmart and those prices are all going to go up because of Trump‘s tariffs. More tariffs on Canada and Mexico are going to eventually Result in much higher fuel price prices.
Peter Navarro is out spinning bullshit. Every second word out of his mouth is tax cuts. He keeps trying to convince blue collar Americans that Trump has their backs. America’s economy runs on imported goods and the tax cuts are aimed at corporations and billionaires that’s why they’re doing this.
$6 trillion in revenue sounds ambitious! Let’s hope those tariffs come with some sort of catch, like ensuring the money goes to something useful. Otherwise, taxpayers might just feel like they’re paying the bill for a very expensive dinner party.
When asked why conditions didn't improve in Iran, the president admitted that dictators always do well in depressions. They can promise but never deliver creating an endless cycle of hope and hopelessness.
There is an extremely concerning incentive for rich people to crash the economy. Prices will plummet and they will be able to buy up everything for clearance prices. On top of that, if you look at the 2008 recession you’ll see they get bailed out AND get zero penalties.
As foreign companies start to raise prices for US customers, while foreign consumers boycott products from the United States every single cent of those $6 trillion will be paid by US citizens.
Ceterus parabus except adding a variable with a positive coefficent of an entire economic model = only increased tax revenue wouldn’t pass a single MacroEcon101 test. So dumb. But marketing is powerful.
6T - yeah but only if the country survives financially first, if other suppliers and countries fold and if American consumers keep buying. Probably another 5 'ifs' ..
Use https://furrtruth.com and hide those clowns when reading the news. Cats for the win. Be happy, smile and have another glass of wine :-)
So that’s $6 trillion out of the American consumers pockets -or $2,725 more from every man, woman and child, when many of them will be out of work due to said tariffs . . . brilliant plan 🙄🙄🙄🇨🇦🇨🇦🇨🇦
Comments
From where? They are paid by the consumer.
Tariffs “Bring in revenue” in exactly the same was that X went from being worth about $8bn to $33bn simply because Elmo moved it from his left pocket to his right…
Money trumps integrity.
Think of tariffs as a sales tax at points of entry.
It is federal revenue like IRS taxes.
Tariffs Directly Fuel Inflation (The "-flation" part)
Tariffs Dampen Economic Growth (The "Stag-" part)
Elon Musk is not
a citizen of South Africa.
Elon Musk is not a citizen of Canada.
Elon Musk is not
a citizen of the United States.
Elon Musk is
a rootless country billionaire,
out for himself.
Elon Musk is a
Globalist Oligarch Fascist
out for himself.
Trump the Tool, the Fool
*
Sold houses and cars. Stored the things I want to keep. Living abroad 10 months of the year. Once MIL passes, won't need to come back.
Geo-arbitrage in cheaper countries. Spending my money abroad rather than the US
Fuck that failing empire. Fuck MAGA & Trump.
This is gold for EU & China markets
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Trump people are economic idiots.
https://www.ngrippel.com/ngr-politics.html
Maybe he's high
Someone call his parole officer.
https://www.youtube.com/watch?v=QjgE4kNSU74
Trump simply tells his MAGAts that it was the largest tax CUT in history... which it will be, for billionaires and corporations... and from now on that will be their story and they're sticking to it.
Just like Hitler.
A tax is well, a tax. We all know what that is.
A regressive tax is when the govt does something that otherwise raises your costs like placing a tariff. It's money you pay that the govt gets, so still a tax, just not called a tax so they can fool MAGA.
How will the orange idiot do that?
WE EUROPEANS WORK WITH, CANADA, MEXICO, CHINA ..
YANKEES GO HOME!
And when they fail to, because people won't be able to afford anything, they'll propose the "national sales tax" to replace income taxes (which to Right Wingers is any tax paid by the wealthy) which will further impoverish people.
Let me know when Elvis gets here.
#buyCanadian
Many foreign manufacturers will just bypass the US market and not look back while Americans suffer shortages.
But yeah… sitting around not doing what I love and earning an income? Totally better.
I’d personally rather get rid of the damn disease but I will agree that there are some who milk the system and that ain’t good.
WTF did you idiots vote for again? Eggs? Immigrants? Racism? Sexism?
Morons.
Tax which is then used to pay for private prisons and deportation of uncomfortable former citizens.
Guards and gestapo police can then drive around in teslas using AI to find and control all.
Use https://furrtruth.com and hide those clowns when reading the news. Cats for the win. Be happy, smile and have another glass of wine :-)
So, in 10 years we will be able to payoff Trump 47's first year of overspending.