Gonna be fun to watch beautiful tariff revenue go out the door in retaliatory tariffs. @politico.com www.politico.com/news/2025/02... - ThreadSky

carlquintanilla.bsky.social • 29 days ago

Gonna be fun to watch beautiful tariff revenue go out the door in retaliatory tariffs.

@politico.com
https://www.politico.com/news/2025/02/04/navarro-trump-will-structurally-shift-american-economy-with-tariff-revenue-00202344

Comments

nikki1311.bsky.social•29 days ago

He is Convicted Felon. Really? They should of lost the key when he was
In his “new” home/jail.

mreddie8976.bsky.social•29 days ago

The only "structural shift" that's going to occur is the orange felon causing an enormous tax to be "shifted" onto the working/middle class for everything they need to purchase, especially food.

All that "beautiful revenue" will be used to fund tax cuts for the billionaire class

truet.bsky.social•29 days ago

The last time this was tried it culminated in the Great Depression

sigraff.bsky.social•29 days ago

Has Peter Navarro ever been right about anything?

auntd.bsky.social•29 days ago

Didn’t they try this in the 1920’s? Did everyone in the Trump administration flunk history?

jeffreyschmeffrey.bsky.social•29 days ago

My god the ignorance and stupidity. They're determined to destroy our economy

ddza110.bsky.social•29 days ago

This stuff is pure fantasy. And it gets at the key contradiction. If tariffs are vital to this structural shift, how come Trump keeps backing down from (most of) them?

sal52.bsky.social•29 days ago

There you go. The master plan finally articulated. Can’t get a consumption tax so this is the next best thing. Relieves the wealthy of the income tax burden and places it squarely on the rest of us. King Donald will not say sorry, only you’re welcome.

shadowgail.bsky.social•29 days ago

That guy is such a loser.

somewherein72.bsky.social•29 days ago

Why the fuck are we doing shit from 100 years ago that didn't work then? Are we stupid?

gregsanderson.bsky.social•29 days ago

Indeed. But Donald and his media ecosystem would never say that. He must be seen as all-powerful. Not stepping on a rake.

Next up: a claim China is now paying billions and billions in tariffs. So the tax cut for billionaires can now be afforded 🎉

browwiw.bsky.social•29 days ago

If a building "structurally shifts", it normally has to be condemned.

mrteamster.bsky.social•29 days ago

Didn’t this doofus go to a good college?

lyintad.bsky.social•29 days ago

Navarro, Trump, Musk must’ve all got the same syphilitic strain of brain damage from their Epstein escapades.

daviddeanrobbins.bsky.social•29 days ago

Yes, Navarro is an economic idiot. This is even more stupid than "supply side economics", but they are desperate to justify the continuation of their "supply side economics" with more tax cuts for the billionaire boys club. They think MAGA will fall for this huge regressive tax scheme.

#economy

swgeneralmills.bsky.social•29 days ago

Pete Navarro is a loon. Any other framing is malpractice.

hillz2mountains.bsky.social•29 days ago

Structurally shift to a depression

jll49.bsky.social•29 days ago

What am imbecile!

pepe-mccormack.bsky.social•29 days ago

Too bad that certain networks like CNBC platformed these guys and gave them undue credibility; Trumb as well.

djgiantrobot.bsky.social•29 days ago

It's a pretty funny take, considering we tried that last time and China retaliated, crashing farm prices and markets.

"Total American agricultural exports to China were $24 billion in 2014 and fell to $9.1 billion in 2019”

Total cost of farm assistance paid by US gov: $28 billion.

debra.bsky.social•29 days ago

Am I the only person who is irked at the way Trump uses the word beautiful? I would say he speaks like a child, but even kids aren’t as inarticulate as he is.

nunyabitnez.bsky.social•29 days ago

Its important to note that Peter Novarro is a fucking useless idiot. He knows nothing about anything.

peterb77.bsky.social•29 days ago

He's as stupid as he is crazy.

berfield.com•29 days ago

My numbers may be off, but to completely replace ordinary tax revenue with tariffs would require something like 300% tariffs across all imported goods.

mkentvl.bsky.social•29 days ago

Batshit Navarro has never met an issue he couldn't get on the wrong side of.

j-waller55.bsky.social•29 days ago

The most significant structural shift as a result of Trump's tariffs (taxes on Americans) and his use of those revenues to pay for his tax cuts favoring upper income Americans will be increased income and wealth inequality in America.

tfarr4.bsky.social•29 days ago

These men are literally the dumbest people we have.

jeffreylong.bsky.social•29 days ago

This is a structural shuft of the tax burden onto those toward the bottom of the economic ladder

thetoddlerfiles.bsky.social•29 days ago

Absolutely

ariagarde.bsky.social•29 days ago

What does that even mean? Let me get my dressing for the word salad over here..😑

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