Would Trump Crash the Economy?

[@TLDRnewsGLOBAL]

We made a real physical magazine that runs through every election that took place in 2024 (there were loads) plus the US election. Find out more at toolong.news

[@grdfhrghrggrtwqqu]

Tim Walz is Epstein and Jerry Sandusky TIMES TEN!!!!!!!!!! Implement Project 2025 at this point, I don't care. Abortion is not important enough to undo this wild dictatorship and OBAMA FOURTH TERM.

[@undefined69695]

It’s simply bizarre to see the party who has railed against protectionism my entire life suddenly embrace it because of one guy.

[@the_steezlord]

To be fair, Republicans, especially in the Rust Belt, have never cared for free trade either, like reagan's tariffs on japanese motorcycles for example, or every Midwest politician ever's support for corn subsidies. Trump is ultimately the culmination of the Republican's base becoming more protectionist as their electoral strategy shifts towards the former Blue Wall. It's unfortunately the political winning move now, as Biden has shown by one-upping Trump's protectionism and being rewarded for it in swing states in 2020, which prompted Trump to become even more ridiculous long before Biden dropped out. It is really sad to see every free trade deal fall apart while we can only count on China shooting itself in the foot with making trade deals while we wait for our politicians to grow a spine.

[@AMERICAN_CAESAR]

It's not just " one guy" the GOP has gone a full ideological shift internally from a free trade&liberal(in the small government and business side ) to a authoritarian fan club that wants heavy government intervention in the economy ( something only democrats use to do ) to fit their ideological beliefs a strong right wing authoritarian government with heavy economic regulations on foreign business in the country and heavy tariffs on foreign products.

[@E3ECO]

Not to mention supporting Putin.

[@E3ECO]

@@AMERICAN_CAESAR They've also gone from "my body, my choice" to wanting to control your body completely.

[@go_offurself8748]

Right! Reagan is probably rolling in his grave right now

[@litterbox2010]

It's insane that factually stating WHAT TRUMP HIMSELF IS CURRENTLY SAYING, can be considered "anti-Trump".

[@mathewferstl7042]

lmao ikr. To be fair, they were also discussing consequences which can be argued as politically charged

[@harrywatson2694]

i suppose they just disagree on the outcome

[@TH-lu9du]

It's as if the candidate that is projected to lose the popular vote isn't qualified for the office. But wait, SuperPAC funded disinformation campaigns say Kamala bad!

[@ZetaMoolah]

@@mathewferstl7042there is the Congressional Budget Office, that’s a nonpartisan body meant to do the math for policy outcomes

[@jonathancourtney9561]

It’s more complex than this video states.

[@ThePastTheorists]

Henson is really pumping TLDR up like there have been at least two weeks with nothing but Henson

[@JeffBilkins]

it is the season for expensive gifts

[@sakmadik69420]

​@@JeffBilkins i see😂😂😂

[@shlomogoldenstein344]

I was caught off guard when he pivoted from trimming government spending to trimming your hair

[@emermage]

Henson is their superpack

[@melsbov]

They have explained in another video that their sponsors pay for a whole week of ads, that way the sponsor doesnt know what videos they are going to be put under, and therefor cant (or atleast almost no) control their journalism. If you go to the south africa video from about 8 days ago, it is a brilliant sponsor.

[@marcuscyl6653]

Trump's tariffs policy is expecting the other countries will not do retaliation tariffs, which is impossible.

[@eclipticpeak8452]

@marcuscyl6653 They will affect us less than the countries that give retaliatory tariffs. This is because we don't export much and what we do export is mostly to Mexico and Canada. Those countries will likely have special treatment.

[@commiemeth]

​@@eclipticpeak845222% of exports we have is with Japan, and similar rates with the EU. That's kinda wild to say we don't export much, we are the world's second largest exporter of goods across the planet. We are also the greatest import market in the world.

[@TheIrishny]

Or it forces them to come to the table and renegotiate a more favourable trade policy. Very few countries are in the position of needing America less than America needs them.

[@a.s.5262]

@@TheIrishny These tariffs have to be paid by Murican importers genius

[@commiemeth]

@TheIrishny that' also would mean the nations we trade with most whom we have tariff free trade with, would be even more inclined to respond. On paper you are right, but just like EV exports to The EU, the EU's own automotive and Electric industries are more important to them than buying American and or Chinese. The key is to tariff things both side mutual can tolerate, otherwise if Indonesia cares about its Tuna Industry more than it cares to pay American tariffs more for Alaskan Caho or Cod then they are just gonna respond in kind. It really depends on what is important for that nation. America isn't China, overly exporting at artificial prices, so these trade deals can be made to be beneficial to either side with tariffs as is already. I feel that theory really only works for a handful of states not so much major powers.

[@Chrissy717]

I'll save you everything you'll ever hear. Yes. 25% flat tariffs on everything would crash the world economy.

[@Bd-ng1zv]

We shall see

[@WinterXR7]

Which he’s not doing.

[@gamerforlife9865]

We going back to 1929 for real

[@liphrium9858]

He promised to cut all income tax. I think he just hates the U.S

[@agapanthus2024]

@@WinterXR7you better tell him that then?

[@acolyte10mg]

Wide spread tariffs are insanity. If you want to start manufacturing basic components then do one industry at a time at least. You dont have an unlimited amount of workers and the US unemployment rate is pretty low. The short term effect of such a drastic change is higher prices for consumers.

[@purpledevilr7463]

Unemployment is low because of how many worthless jobs there are.

[@acolyte10mg]

@purpledevilr7463 worthless?

[@Drakepp]

​@@purpledevilr7463 and who will do the "worthless" Jobs? Trump wants to deport 20 mil people. And i saw elons "Robots"

[@LondonMoneyCashEnterprise]

@@purpledevilr7463how are u gonna convince someone to go from a worthless job to a low level manufacturing job? Or do u need more immigrants

[@adriankal]

@@LondonMoneyCashEnterprise. In Germany low level manufacturing jobs are automated.

[@nathantripathy]

The idea of Musk running a new department while cutting sending is hilarious for several reasons. 1. A new department would require it's own budget to function. 2. Major budget changes are passed by Congress so his department could actually be pointless. 3. The idea of the executive taking over one of the largest responsibilities of the Congress is authoritarian in nature and contrary to small government.

[@Oogieboo1833]

Great news: we cut social security by 50%, and we increased SpaceX's contract values by 500%!

[@nhjhbmkuy7173]

Plus Twitter runs a deficit as well so Elon fixing a deficit is laughable

[@CHMichael]

You guys got suckered into voting for a senile guy hiding in his basement.... so don't have much faith in your opinion

[@_jpg]

​@@nhjhbmkuy7173 Aren't Tesla (and probably Starlink) his only companies which are generating value?

[@kendsplaining]

@@_jpg aaand those companies are giant bubbles waiting to be popped . even elon musk knows this ! thats why he pays for things using loan money from saudi princes

[@chieftanke]

This would be US' Brexit moment, you'll live with the repercussion of this policy for the next 30 years.

[@NaydenSpirdonov]

😂😂😂😂😂😂

[@braidybecket8946]

Closer to a century. The USA will be dead or at best split into two efficiient states comprising the East and West Coasts, leaving the centre of the Country that has voted for Trump to rot.

[@nhjhbmkuy7173]

@@NaydenSpirdonovsmoot hawley tariff act made life worse for decades

[@camelemoji2918]

Almost choked reading this 💀😭

[@MarketsDriveTheWorld]

😂😂 Let's be serious politicians always say a lot of things before the elections and barely do 10% of what they promised if they want.

[@wilsontheknight]

Omg it’s almost like trickle down economics HAS NEVER ACTUALLY FUCKING WORKED

[@something1600]

It did work though: the rich get richer and the poor get poorer, just as intended.

[@RUSS0okcposterizer]

@@something1600 actually the opposite is true. From 1981 when Reagan implemented trickle down economics to 2024 the relative deficient between the top 5 percent and the other 95 percent is actually down 350%. Things have actually gotten so promising that the average us household income which is currently $74,000 is $6,000 less than the median which is set at $80,600. This is truly unique and means the wealthy are far less wealthy than they were in the past and the middle class is stronger than ever. This is even true in spite of covid which was the cause of much financial strain on the lower classes. The theory the rich are getting richer is an uneducated and foolish opinion because in fact the opposite is happening and anyone financially literate is well aware of this.

[@LordSchwag]

@@RUSS0okcposterizer so middle class family is dead?

[@thomaslittle4188]

​@@RUSS0okcposterizer can you state a source for your 350% number? I would love to read more about your argument but I'm struggling to find a paper that mentions these numbers.

[@impedimenta934]

@@thomaslittle4188 Its in the Bible!

[@andrewsprague4566]

I don't like having to hope that a politician can't get his agenda done, or that he's just lying about it.

[@nathanielclaw2841]

So you better not hope, and vote for the other person

[@E3ECO]

Don't worry. Most in Congress are more aware of reality than he is.

[@angelantayhua3096]

@@E3ECObrother a lot of these policies don’t need the approval of Congress

[@Dommy521]

well vote and/or do something to assist the other candidate in getting into office

[@E3ECO]

@@angelantayhua3096 Yes, but at least they can be undone by the next guy/girl. There's no way the GOP will survive another Trump term.

[@cowboybeboop9420]

In Europe countries have corporations. In America corporations have a country.

[@GamerGod-fp1tj]

That would be Japan. In america the military has a country

[@KindaOutofHere]

@@GamerGod-fp1tjSamsung owns south korea

[@tomizatko3138]

@@GamerGod-fp1tjTrue.

[@Ushouldkys_NOW]

​@@GamerGod-fp1tjno, america isn't Pakistan nor Egypt

[@DoodleDan]

In Europe we have many private corporations controlling the country

[@alexandruulesan7009]

any fact-based point is an anti-Trump point

[@supersuede91]

But people don't vote Trump for economic policy but for his social policy

[@cacojo15]

​@@supersuede91in polls they say the main reason to vote for trump is the economy. But maybe they are not honnest

[@mathewferstl7042]

@@cacojo15 I'd have to say, with how light the discussion around actual policy is in the US, they probably aren't aware of what his actual plans are

[@alexandruulesan7009]

@@supersuede91 you mean the fascism?

[@AYTM1200]

​@@alexandruulesan7009define fascism.

[@blueboy3990]

Tariffs are always terrible because of retaliation

[@jamesroy791]

Exactly 80 % of lumber comes from Canada and about 2 thirds of aluminum also comes from canada and over 20% percent of food imports come from Mexico Trump good luck building anything and to Americas good luck buying anything affordable because you wont

[@jamesroy791]

100 to 200 % retalitory tariff from trump btw too so he will cause a global depression 😂

[@productionkos8816]

Then why do every country have it & uses it?

[@raindog0360]

@@productionkos8816 because every country has economically illiterate people who push for them

[@ihl0700677525]

Yep. But I guess it can't be helped. Globalism and Free Market is dead. It is all about self-sufficiency right now. Both parties and virtually all political factions (except the Libertarians) are in favor of self-sufficiency.

[@lokensicarius9347]

lmao Trumps thinks like a victoria 2 newbie. 🤣

[@Pioneer_DE]

My thoughts whenever I hear about Trumps Economic Suggestions are: Where did you get these idea‘s from? Victorian Europe? 😭

[@joshuacampbell1625]

@@Pioneer_DE state capitalism for the win😂

[@the_steezlord]

all i can imagine is one of those ai trump gaming videos where he plays austria, ruins the country, and gets a billion rebels

[@spicy_overkill_2294]

whenever i play as US initially i raise taxes to the max but as my industry starts booming and I kick other countries butt n liberate their colonies. The manufacturing moves into the US and gradually lower the tax rate. I always become no 1 economy in the world. I always elect the GOP as they believe in protectionism and interventionism. My economy always prospers when I elect the republicans, democrats are just plain disaster( ofc this was before the party switch in irl lmao)

[@TheFinalChapters]

Trump's economic policy in a nutshell: Taxes for thee, but not for me.

[@ihl0700677525]

Yea, but not just Trump tho. Basically every rulers and politicians ever. Like kings and emperors of the past seldom/never pay any tax, nor Marxist ruler like Lenin, Stalin, and Mao.

[@TheIrishny]

Isnt he advocating a 0% Income Tax. Sounds like taxes for no-one

[@TheFinalChapters]

@@TheIrishny You'll be paying your Healthcare Tax (insurance), your Transportation Tax (private toll roads), your Goods Tax (tariffs)... not to mention your Everything Tax (high inflation). All of which conveniently affect those who make the least, the most.

[@speedypichu6833]

I hate Trump, but I think it is more saying that there will be no taxes, which sounds great. The problem is people don’t realize that replacing them with tariffs doesn’t make things cheaper. Best case scenario, things are the same price as before, but America’s international reputation as a reliable trade partner is destroyed. Worst case scenario, 2030 will be looking a lot like 1930 in terms of health of the US Economy.

[@rennydesu]

​@@TheFinalChapterswe pay those taxes already anyway. Trump cuts taxes. "Healthcare Tax (insurance)" I assume you're referencing how we don't have free Healthcare and have to pay for insurance through our employer. If it was the other way around we would just have to pay even more taxes so the state could afford 'free' Healthcare. Nothing is free in this world, but instead we can budget smart

[@AnonymousBosch3158]

Do we really want the guy who destroyed Twitter to give budget advices to the govrrnment?

[@TickleMeChelmno]

‘We’ You don’t pay taxes lol

[@runt647]

Ahem..excuse me... is "X".

[@wenterinfaer1656]

Doesn't matter what we wants. It's money that decides. Incredible how naïve people to still believe it's about them and their interests.

[@alpal4245]

Hey, elon did a great job slashing the spenditure of twitter... and arguably a terrible job on everything else with twitter

[@Descriptor413]

@@alpal4245 He slashed expenses AND revenue! Biggest brained move there ever was.

[@edwardhoffenheim3249]

Elon should NOT touch anything related to government. Keep that man away

[@L_back]

Nah, he isn’t the problem, Trump is

[@krisdaschwab912]

You could have stopped at "Elon should not touch anything"

[@angelantayhua3096]

@@L_backyes he is. Every single billionaire mobilizing their resources in this election is.

[@artiefakt4402]

@@L_back He clearly became a problem... the guy went full Bond villain at this point.

[@Avian98X]

@@artiefakt4402 Elaborate how Musk is "bad" in any way, shape or form..?

[@rollingmancave4547]

Making everything in the US again would NOT lead to great paying jobs! Other countries are more efficient at manufacturing because they pay workers drastically less.

[@Theanimeisforme]

That is not really efficient. Since not only are we losing job options and then forcing everyone to an already shrinking service industry, regulations become less efficient due to none of them mattering to foreign industry (why china isn't going start aiming for climate goals until 2060 or something), prices go up anyway due to logistical demand, prices go up some more anyway due to no competition at home creating foreign monopolies of trade, and more autonomy is lost as more crucial economic components are controlled by outside forces leading to less political power to those within country.

[@WhichDoctor1]

That’s what I was thinking. In order for America to make everything, even labour intensive products, as efficiently as China or Southeast Asia they would need to massively suppress the wages of those American factory workers. It is a choice between much more expensive products that mean you’re current wages will buy less, or much lower wages that will result in products that cost less but also less money to buy them with

[@henkdeboer6959]

I find it pretty funny that the democratic party seems to he in favour of child labour and slaves and the Republicans try to stop it, how to turn tables😂

[@henriksaarno1311]

Automation is one option ​@@WhichDoctor1

[@adriankal]

Or just buying much less crap and much more quality things that you can pass to your grandchildren. 40 year old jeans made in the us are better than anything produced 2 years ago. Wear signs are much bigger on the new ones. The same is with boots, kitchen utensils, etc.

[@ningyen1444]

Honestly our government has no idea how people are suffering these days. I much feel sorry for the disabled and homeless people who don't get the help they deserve, Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[@NatalieDormer-or4jj]

You are absolutely right 💯

[@NatalieDormer-or4jj]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

[@ningyen1444]

Cryptocurrency/stock investment, but you will need a professional guide on that.

[@ningyen1444]

Facebook 👇

[@ningyen1444]

Evelyn C. Sanders

[@dereklenzen2330]

It's 2024, and people are still arguing about whether or not protective tariffs are sound economic policy, despite hundreds of years of observation and careful analysis by brilliant economists which indicate otherwise.

[@Seth9809]

They are sound if you're third world and you do it controlled, but that's it.

[@to101md]

Sound economically for who? If we actually used tariffs like we do sanctions on goods manufactured immorally (slave/child labour, caged animal etc.) this wouldn't be an issue. The only people who benefit from the "globalised" market are big businesses who can use immoral means overseas to produce their goods/service with close to zero overhead, then sell it back home for near infinite profit. Yep, the only reason things are so cheap on the shelf at your supermarket is because it is made without regards to the rules of the jurisdiction you and the supermarket reside in.

[@rivvabear9748]

Exactly. If anything we need to drop tariffs lower, if not all together. Other countries can make things cheaper than we can, we do NOT need a domestic industry that is going to cost consumers more.

[@rickbart1]

@@rivvabear9748 And the reason they can produce goods cheaper is because they don't pay decent wages, or are made in accordance with American standards. It's like buying oats, if you want nice clean fresh oats, you should expect to pay a bit more. If you want oats that have been through the horse, the price is considerably less.

[@Seth9809]

@@to101md If they made a billion dollars on an item that made a penny, that's a near infinite profit. Do you even know what words mean? Also, you know almost all food is made in the US right?

[@2010hyundaielantra]

Tariffs... Reminds me of a quote going "For every complex problem is a simple solution that is elegant, perfect, and wrong"

[@the_steezlord]

your name and pfp are so on point for talking shit about protectionism 😂

[@RemyHaring]

When Trump said “take America back,” I didn’t think it meant take America back to 17th century economics

[@faceless_man566]

Other problem with massive tariffs: If you import raw material to then make a good, you must pay more for the raw material because of the tariff. So unless we get literally all of our own raw materials, that gets worked into the cost of the good as well. Tlfr: everything is going to cost more in ways people werent expecting

[@alexisbudzisz]

People saying "protectionism never worked in any country it was tried but will work in ours" is just as stupid as saying "comunism never worked in any country it was tried but will work in ours"

[@something1600]

It worked in Paris, Ukraine, Manchuria, Catalonia, Chiapas Mexico and Kurdistan.

[@angelantayhua3096]

@@something1600 Tax incidence tells us that the more elastic the supply, the more of the tax gets passed on to consumers. US goods are very elastic compared to Ukraine lmao

[@ButterscotchPuffin]

They’re talking about socialism not tariffs.

[@mrbears34]

@@something1600 Kurdistan?

[@hishamalaker491]

@@angelantayhua3096 As a person who is currently taking basic economics in grade 11, I find this intresting.

[@arvidsteel6557]

5:23 Potectionist economists: "...and then we would all get promoted to CEO at those jobs and then we would recieve horses genetically modified to have unicorn horns as year-end bonuses and my ex-wife Linda would take me back"

[@Randomman_4826]

Then everybody goes to Mars once Earth becomes too dangerous

[@bamaramify]

The last politician to actually care about debt was Bill Clinton. After that it's just become a talking point

[@North_Poley]

HOLY FUCK, Elon is the last person i would trust when it comes to money, he cant even manage Twitter right

[@whawojedo]

You wouldn't trust the richest man in the world, managing multiple companies worth more than a trillion dollars with your money? The guy that is now managing X/Twitter with one fifth the number of employees it used to employ, for the exact same results? Pray tell, who exactly would you trust with your money???

[@donatellobruno]

@@whawojedo Don't waste your time trying to show them how ridiculous they sound. Let the facts eventually prove them wrong. Future looks bright! God bless.

[@huyphannguyen8747]

i dont follow X that much, what happened? i heard he now need 1/5 of the employees of the old twitter

[@Gigachad101-i8g]

@@whawojedo A Country's economy isn't as simple as handling a few businesses mate, you need expertise and knowledge in the field of economics which he clearly lacks

[@baconwizard]

@@huyphannguyen8747 he also has zero big brands for advertising money. Twitter is easily making significantly less money than it did without Elon

[@___i3ambi126]

The sad part is that stating facts and educated consequences is inherently anti-trump.

[@eliashigham8901]

Calling something catastrophically destructive “funky” is journalistic malpractice

[@blademasterzero]

They still have trump supporters crying over it in the comments even after they downplayed the wording lol. Thin skin

[@EvansKeita-we2yv]

25,000 dollars for first time home buyers, increased tax om 400,000 dollar yearly earners, unrealized capital gains tax think on that buddy😂😂😂

[@socialistrepublicofvietnam1500]

​@@blademasterzeroAnd apparently the Democrats are supposed to be the snowflakes

[@edwardhoffenheim3249]

Are you guys losing your fucking minds? The hell do you mean "journalistic malpractice"?

[@shotsniper009]

You know how it is, downplay till it happens then act surprised when shit hits the fan

[@deadspeedv]

Economics 101 will teach you that tarriffs are bad. Called a dead weight loss for a reason.

[@productionkos8816]

We already have 4years of Trump & 4 years of Biden to compare.

[@VCR47527]

Don't forget that the 4 years of Trump were filled with economic stimulus out of necessity to COVID (essentially socialist policies funded by massive gov't debt & inflation). No new pandemic, no more economic stimulus to you

[@EvansKeita-we2yv]

You think the four years under Biden was better

[@VCR47527]

We also have about 1 year of Trump attempting to destroy Democracy and 3 years of trials funded by his super PACs, and 2 impeachments, but somehow no one is bringing that up.

[@emrestotheemresto9770]

Biden had mediocre level in global recession. While trump have brand new economic policies

[@Tay12345]

Exactly

[@eligoldman9200]

I work as an industrial engineer. These tariffs would be a disaster. We can manufacture things but alot of manufactured goods are simply processing lower quality manufacturing goods. These lower quality goods often are things like steel, gears, parts plastics. Often these need to be close to raw resources. Which we don’t have supply chains and resources for. Countries like China do have these but lack reliable quality control and education and expertise to make the highest quality goods. It would take 20-30 years just to get close to what others can do right now which would basically mean 20-30 years of limited GDP growth. This assumes that we can even export any of these goods but in reality everyone will tariff us back. So even if we do this all this manufacturing would be supplying goods that we could even sell to anyone outside America. These tariffs would basically be the be of global trade for the US. We’d be poor. Much more poor.

[@tonybeatbutcher]

Tariffs is protectionism, like in Argentina and Brasil, all imported products have a 50% tax. The idea is that it's pumping up the production inland, but it's agains the free market.

[@WhichDoctor1]

Also ironic that for decades the right wing in America have pointed to Argentina as the disaster that inevitably results when you allow socialism. And now their candidate wants to do similar things they love him for it

[@ihl0700677525]

Globalism and Free Market is dead. It's all about self-sufficiency now. Both parties and all political factions in the US (except the Libertarians) are in favor of protectionism and self-sufficiency.

[@TheIrishny]

@@WhichDoctor1 And Argentina has the most free market, anti-socialist president on the planet.

[@something1600]

@@WhichDoctor1 Argentina went full Ayn Rand and now has a 50% poverty rate.

[@TickleMeChelmno]

Yep. I want more. I want closed border too.

[@calcium-ii4lp]

I'm not a liberal or leftist, but it's clear to me that a Trump administration would be disastrous for the economy, especially if he actualizes his most radical policies. Americans are having trouble seeing past this BS. God help us

[@TickleMeChelmno]

I voted for Trump just to annoy you neoliberals

[@Ushouldkys_NOW]

​@@TickleMeChelmnoneoliberals living rent free in your head 😭🙏

[@ribbon8677]

​@@TickleMeChelmno"gee I'll vote for whoever causes the second Great Depression" kind of guy

[@TickleMeChelmno]

ribbon8677 Did that happen in his first term?

[@darthmaul216]

@@TickleMeChelmnoa recession happened

[@lmpeto94]

Do people realise that tariffs still have to be payed by consumers like taxes? Tariffs that equal out tax is still the same money going to the state.

[@jasonmorris9330]

One of two things are about to happen; a lot of us are either going to breathe a sigh of relief by November 7th, or a lot of us are going to be saying "told you so" a few dozen or a few hundreds of times for the next 4 years.

[@lemoncrime2880]

Democrats fighting for the constitution, Republicans fighting to be smug on twitter. :/

[@alperenbastiat]

Short answer: Yes because deporting 20 million people would shrink the GDP by 8%. 8% GDP shrinkage is a catastrophe.

[@harryballsak1123]

Not to mention the actual cost of deporting 20 million people

[@michael_burry_burner]

Where did you get the 8% figure from? Not saying you're wrong just haven't seen it before!

[@weirdguylol]

​@@michael_burry_burnerbulgarian fortune teller, Baba Vanga told him

[@olivernagy1805]

​@@michael_burry_burnerHe said it lol. How come that people all over the world know that he will do this as he said it in interviews, but you don't?

[@trewajg]

Why is gdp so important? Last time I checked the go to metric is gdp per capita. If you argue by gdp, then gdp per capita will improve by deporting immigrants which mostly gave a smaller contribution to gdp than others. Conversely, importing immigrants actively lowers your gdp per capita for the same reason. Gdp by itself adds no information. I can tell you there is a country A that has 3.385 trillion gdp and country B that has 3.071 gdp, and without any other information you would think country B is doing worse. Country A is India with 1.4 billion population, and country B is the UK with 70 million population. One has 2000 gdp per capita and the other has 45000. Every time you are provided statistics without context, you are being played by.

[@gugurupurasudaikirai7620]

More tariffs and less taxes is an oxymoron. Tariffs are taxes

[@jonasolsen1415]

“Once he gets into office” 3:36🤨 goddam timetravelers

[@dilara4130]

I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.

[@bm8641]

A mentally ill narcissist (Trump) and a massive weirdo villain (Musk) ... what can go wrong?

[@anthonycooke2401]

It will go wrong with Kamala as her tax increases for the rich will just trickle down to the lower and middle class through price increases and her 25% Unrealised Capital Gains tax will cause the stock market to crash due to forced selling and a downward spiral

[@duke4088]

It's impossible for tariffs to replace taxes. If tariffs increase, companies will stop importing. Then the revenue from tariffs will go down.

[@V2RocketScientist]

Kinda like how increasing income taxes too high causes people to spend more time hiding their money than being productive. There's only so much you can tax and that's why the gov taxes every thing it can to hide how much taxation there really is. Really high tax rates just don't work and aren't productive when those funds just go right into crony capitalism. Crony capitalism is our country's problem.

[@bobsnow6242]

One of the copes I've heard from conservatives about this (and other issues) is "He's just saying that, he says a lot of things he doesn't mean, he won't actually do what he says he will" which in a normal country would be an absolutely insane way of encouraging someone to vote FOR a candidate.

[@V2RocketScientist]

I thought he was full of himself in 2016 but he followed through at least attempting to do his promises. And that's why he's dangerous for America. I think the only good thing about him is the anti war stance. But i don't really trust him to handle a military crisis either.

[@erenjager4698]

Also trump isn't all that anti war. During his first term he was talking about bombing the shit out of a new country every day, and he did. More drone strikes in 2 years than Obama has in 8.

[@AncientKing9197]

Yes, it's obvious he would

[@BeGunNer]

"unorthodox economic policy" is too much sanewashing for the fascist. "Hella stupid" is more accurate, but still way too kind.

[@purpledevilr7463]

He is not a fascist.

[@notright7]

@@purpledevilr7463 his policies are fascist no matter how you try and spin it.

[@Leon-cv5uz]

Do you even know what fascists believe?

[@blubaylon]

Watch out, you triggered the snowflake trump supporters with the F word 😂

[@foundationgamer9771]

He's not a fascist, but he's a radical right populist, so basically just as braindead

[@ZaszaszasZ]

TLDR: he wants rich to pay less, while normal pays the same as usual. Put tarries on everything so that everything get expensive and those rich companies can higher their prices, making everything expensive.

[@yatarookayama8329]

Reality " Trump wants rich to pay double if they don't made in US (example John Deere) , Put tarries on somethings NOT everything , so people have jobs and make things here in US . And now you been educated !

[@RaymondKeen.]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[@Vincent-j8u]

I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.

[@JohnSmith060]

I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.

[@KarenLavia]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@ChristianKelv]

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

[@KarenLavia]

Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@swausgebouwen143]

I'd be deeply interested to see if replacing taxes with tarriffs would work, in a way that at least keeps the USA chugging along

[@Folkeregor]

A tax on all imports would naturally include oil yeah? Well... hello higher gas prices... 😢

[@Fredy_The_Yeti]

Higher gas prices would also mean higher prices for everything else, since you need gas to move everything

[@TheShire26]

Hello runaway inflation

[@abydosianchulac2]

​@@Fredy_The_Yeti No, surely not! I mean, when have we ever seen that happen before? _stares at 2020_

[@rickbart1]

Trump wants to open up and produce more American gas and fuel. If you look back 4 years, America was self-reliant on gas and oil, you know what happened? OPEC had a glut of oil and couldn't sell and had to reduce the price around the world, even in America, and Trump filled the strategic oil reserves with OPEC oil for next to nothing.

[@TheShire26]

@ source: trust me bro

[@SparkyFinch]

The world is going through a paradigm shift geopolitically. Despite my skepticism, Trump at least seems to have a vision that grapples with these changes.

[@Chris-hx9zf]

That transition… “Whilst the FED might struggle to trim fat from the budget, you won’t struggle to trim hair from your face..” Gold

[@JamesKjones-n7r]

I think we’re overly fixated on the idea of the economy crashing. In reality, the economy doesn’t crash-it goes through cycles and almost always recovers. So I’m not too concerned about the predictions. My focus is on growing my portfolio. I’ve read that some people are making significant profits even during the downturn. Any tips on how they’re doing it?

[@Saviourtina-c4i]

The market will always recover. The goal is to find quality stocks with long term potential. It's hard for the average Joe to do this, because it involves following a lot of industry news, following up with earnings, etc. It's easier to invest through an advisor who knows how stuff works, and make rocket returns.

[@heatherj-o5j]

Investing in quality stocks with long-term potential is a good strategy, but it can be challenging for the average person to do this on their own. Keeping up with industry news and earnings can be time-consuming and difficult. That's why it's easier to work with an advisor who can help you make informed decisions and potentially achieve high returns.

[@pauline-o2q]

Can i get a recommendation on who you are working with?

[@heatherj-o5j]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Stacy Lynn Staples for years and highly recommend her. Look her up to see if she meets your criteria

[@CharlesT.Foster]

Thank you! I searched her name online, found her website, and filled out her form. I hope she gets back to me soon.

[@isaacbrown4506]

Maybe not, but everything about another Presidency of his would suck balls, the economy included.

[@andysierra1618]

His 4 years were better than Biden-Harris

[@andysierra1618]

His 4 years were better than Biden-Harris

[@feynex2246]

@@andysierra1618 inherited from obama

[@cazman182]

@@andysierra1618 Becasue he borrowed money like absolute crazy to give everyone tax cuts that just ended up benefitting the wealthiest in society anyways at the end of the day. Also - inflation is a lagging indicator, so while covid caused it, the inflation statistics look wholy to be Biden's fault when it was just the ludicrous money printing that occured under Covid. You only need to listen to Trump speak to realise he is a complete idiot and a puppet to be controlled by those who know how to play to his narcissism and ego.

[@Menno_3]

​@@andysierra1618Source: The sweat from under mah balls

[@treasuretrails]

Trump talking about his dumb Tariff's idea on Joe Rogan was a huge mistake I predict it has cost him the election.

[@teelo12000]

Oh boy, bring on that like/dislike ratio for putting "Funky" in the video title. Can't wait for this one to be mentioned in the podcast!

[@AnimaChronix3]

Bold move to start a trade war against the entire world. Would be funny if this didnt have to potential to cause a new global financial crisis

[@timpenner7858]

Tariffs are paid by American importers (to the gov't) who pass the cost on to their customers. Why doesn't anyone tell Trump that tariffs are not about raising money from foreign suppliers - they're about protecting American manufacturers. How can he possibly think he's raising money from foreign suppliers with tariffs unless he's nearly perfectly stupid?

[@titusbaum9690]

He's not. He's smart enough to know that you, and your peers in America (just normal voters) might be, though. Trump, like Biden, wants to make America more self-sufficient in preparation for the seemingly inevitable confrontation with China. But he knows that argument won't get the votes for his policy with his base. So he says it's to protect America's precious workers - it's not. But it needs to be, politically, so, it is. When you understand Democracy, the state of the world, and the deep influence of the national defense apparatus, it all makes sense.

[@Piratewaffle43]

Even if this doesn't result in retaliatory sanctions, this will result in considerable inflation and a big increase in costs for the consumer. Assuming there are retaliatory sanctions, which is quite likely, this will crash the economy. This will be good for Trump, Musk, and other billionaires as they can scoop up stock at a low price.

[@harryballsak1123]

Also any new factories that open in the US will take years to open and be mostly automated so anyone think being manufacturing bac to the US will results in lot of high paying jobs is wrong. And the factories that sill use people will be put in "right to work" anti-union states that tend to pay less than the same jobs in more union friendly states

[@youtube.youtube.01]

Before any consumer can purchase an item subjected to tariffs, we must remember that we need to earn between $1.75 - $2.00 before we have $1.00 of "take-home" revenue to spend and pay it. A $1000 item before tariff inflated to $1500 after tariff, requires ADDITIONAL NET EARNINGS between $875-$1000 to meet the additional expense.

[@bigworm3886]

Trump would crash the bejeezus out of the US economy.

[@seeranos]

You can’t have labor costs drastically increased without costs also drastically increasing

[@BananaBossYT]

Anti-Trump is just another word for common sense

[@rivvabear9748]

Yes. ANY point against trump is CORRECT! and that's a FACT!

[@jonesprivate4064]

@@rivvabear9748facts are everything that suit your radical left agenda and gain you profit. good job, eh?

[@foakjljrwajkltawtrawtwa441]

Short answer: No Long answer: N o If he didn't do that in 2017-2021 then he won't from 2025 to 2029.

[@yagzefegames7957]

thats the thing:he did the 2017 tax cuts and jobs act absolutely ruined the american economy. it extended the national debt by 2 trillion and that complimented nicely by a touch of covid gave the perfect excuse to blame the biden-harris administration for the ruined economy. and not to mention he rolled a nat 20 on luck with a buncha supreme court officials dying meaning trump the turnip ruled unchallanged between 2020-2024 ANYWAY.

[@hanshengchen615]

Why not ask yourselves: had Trump crushed the economy?

[@axqa1395]

Trumps 4 year inflation was 9%, Kamala and Bidens was 20%😂😂😂

[@Roli-kh3ff]

Okay, I'm not an economist or even american, but wouldn't it make more sense to increase tariffs and income tax for the top 1% to combat inequality and so that with the extra money workers' taxes can be decreased and social spending can be increased. Also, the tariffs could be reduced on products that are difficult or expensive to produce in the USA, such as fruits, to reduce inflation.

[@V2RocketScientist]

Tariffs apply to importing so unless you're targeting only specific products which the wealthy purchase, they'll apply to everyone. Third world countries do slam luxury items to hit rich people. My agent in China bought a BMW and there was something like a 100% tariff on it and all parts. Going this route might generate some money from idiots who waste money on luxury items but it's peanuts to our government's spending. The reality is that everyone's taxes need to go up to solve this deficit issue and nobody is willing to do the right thing AND Trump will make it even worse.

[@bbravoo]

"Tariffs vs taxes' is like "hamburgers vs food" A tariff is basically one kind of tax. So by rising tariffs he would be replacing one kind of tax with another. Also, tariffs rise prices

[@flntheo520]

you don’t know what you’re talking about. tariffs are applied on foreign subjects, and taxes are applied on the citizens. you far leftists need to learn economics, mate.

[@jonesprivate4064]

leftists can talk 💩 about anything and get away with it

[@jonesprivate4064]

leftists can talk 💩 about anything and get away with it

[@mathewferstl7042]

god, US political discussion, within the US by their main stream is so policy light it might as well be a reality TV show. Nothing like this in aussie politics no matter how hard dutton tries

[@davidebic]

Of course he wants to raise EV taxes to 200% after all the effort put in by his buddy Elon to make sure he wins 😂

[@josephbarker4068]

I think if trump ran her plan instead of his his base would like it as much, probably more

[@donmeisner4438]

It's a cult, they don't care what he says. Nor do they understand it, they just clap like brainwashed minions

[@joshuacampbell1625]

Trump could say tomorrow that he's going to introduce full-blown communism to the US, and his base would put the bolsheviks to shame in their enthusiasm.

[@archyarchfiendx2938]

No

[@OMthetopG]

What are her plans exactly?? So far she has utterly failed to explain them to people

[@Menno_3]

​@@OMthetopGEast indian deaf

[@pwnomega4562]

tax cuts for corporations for the reason of allowing more free and clear money for the company thus lowering prices and increasing wages literally relies solely on the corporation NOT being corrupt with greed to it's core but instead actually giving a fuck about their employees and being competitive in the market. why should they pay their employees more and lower prices when people have been buying their products at those prices and people have been working for them at that wage.... the company is comfortable where they're at and instead their CEOs will simply pocket the extra money... however I do like if we could just finally do away with the taxation of income... the things I could do with an extra 1500 bucks in my pocket would be great, I could invest it. buy something nice for friends or family during the holidays, fix something on my car. etc.

[@WardeinIllinois]

Well let's say company A refuses to lower prices and increase wages. The workers pay sucks and the average consumer has to pay a lot for something of not that worth. Seeing this Company B gets the idea to actually lower their prices and increase the workers wages. Because of this workers would begin moving to the rival company and customers will begin buying their brand of products instead, forcing Company A to adapt or go bankrupt. The free market doesn't require that every company lower the price of something or increase the wage of the worker. It only requires that one company do so to force every other into submitting.

[@user-hg4jk2q]

Trump is the only politician whose supporters hope that he does NOT fulfill his promises.

[@Tokyo393-yv6ql]

When I look at emergy, food, and rent (which is 90% of what I spend money on) none of them are imports. I don't mind paying more for luxury items.

[@seb7271]

The US imported almost $200 billion worth of agriculture products in 2022. Furthermore, while the US is a net exporter of energy it still imports crude oil and petroleum products in order to meet some domestic demand. Lasly, when the price of most products in a country goes up and the cost of living increases then landlords might feel the need to increase rent in order to afford the same things that they previously could. Tariffs would/could absolutely increase the price of energy, food and rent.

[@Tokyo393-yv6ql]

@@seb7271 It's only 15% of the supply for food. Food costs has doubled recently despite that import. I'd rather have more of my paycheck and decide to buy American.

[@seb7271]

@@Tokyo393-yv6ql That 15% shouldn’t be described as “only”. Much of it is basic agricultural goods, which after being imported are used in the production of an even larger percentage of American food. Furthermore, food costs have increased because of the inflation caused by global shortages which in turn were caused by a global pandemic. Trumps plan to put tariffs on all imports will lead to further price increases on virtually every single product. So, while you might get to keep a higher percentage of your pay check your money will be worth less as your purchasing power will decrease. Meaning that you will be worse off…

[@AlwaysANemesis]

Given that Elon's gotten (routinely) in trouble with government agencies before, putting him in charge of a new department that's responsible for cutting funds to government agencies is perhaps a little bit of a conflict of interest?

[@fishergabe]

bringing down those prices means bring down those wages

[@musiccollections7850]

American producers would suffer from tarrifs, by less taxes, schools public hospitals, social workes and etc that taxes go to and even infrastructures development plans will suffer.

[@eclipticpeak8452]

How would American PRODUCERS (AKA EXPORTERS) be hurt by tariffs on imports? Obviously some materials aren't produced here in the US and would be tariff exempt. Also, the tariffs would supplement the taxes that are reduced.

[@Oogieboo1833]

@@eclipticpeak8452 Exporters are hurt by tariffs because other countries normally respond to increased tariffs by putting tariffs of their own, which reduces demand for our exports. This is very common throughout the world. Items couldn't just be tariff exempt. In order to maintain the current government personal income tax that we have now, our entire import sector would have to be tariffed 62% (3.5T in imports * .62 = 2.18T in personal income tax). To exempt anything would only increase that number. It would be unfeasible without significant repercussions. I encourage you to look at how Trump's tariffs in 2019 affected the average American's income.

[@eclipticpeak8452]

@Oogieboo1833 to completely do away with federal income tax? Luckily trump isn't doing that so we don't need to tariff THAT aggressively. Also we don't have many exports to begin with. Most of the ones we do have are to Mexico and Canada and is mostly Oil. If we bring production back into America, it would help our exports by giving us more good TO export and allow our money to stay in our economy as opposed to going to other countries.

[@eclipticpeak8452]

@Oogieboo1833 also any amount of sales reduced by retaliatory tariffs would be supplemented by an increased demand for American products in the states as well as using the materials for production as petroleum is used in most all production in the US.

[@Oogieboo1833]

@@eclipticpeak8452 He attempted tariff increases during his presidency, ones far less than what he has proposed for his next presidency, many in 2019. The average American saw their adjusted spendable income decrease despite having to pay less of it into taxes, because prices for imported goods increased... All tariffs are just offloaded onto the consumer, so him suggesting setting high tariffs should be a warning to any American that prices for good will go up. Bringing production back to the USA would decrease the income received by the government through those tariffs, so the idea isn't sustainable long term regardless. Eventually, a sustainable income tax would need to be implemented again to make up for the lost tariff income.

[@FILMCREWProductions1]

People actually think that man understands money? Hasn’t he had a string of failed businesses?

[@tiredgardener]

Man, if Trump gets in and Musk gets that position... it is going to make some very interesting history for future generations to read about.

[@michaelsteffens2864]

While I find some of these videos interesting, I do wish they would have just one economist from both sides on these videos. It's fairly easy to see once you have a strong economics background some of the mistakes they make in this video. They forget, for example, to talk about how taxes require an adjustment time. In other words, when you make a change in taxes, you don't see the effects right away. Things such as tax cuts, increasing wages, and lowering prices do happen, but they can take several years to take effect.

[@sonugupta0010]

This is like sanction itself😂😂

[@GOODYGOODGOOD789]

Ask president Herbert hoover how dramatically racking up tariffs went. Spoiler alert it went horribly wrong.

[@GamerKnight-os1ot]

The great depression was caused by a stock market bubble, not tariffs.

[@yagzefegames7957]

@@GamerKnight-os1othigh tarrifs certainly did not help. upon the stock market crash buisnesses were put in an even worse position due to high import prices.

[@GOODYGOODGOOD789]

@@GamerKnight-os1ot First off the stock market crash was a sign that the great depression was happening/a symptom of it not an actual cause of the great depression, and the stock market crash in the end affected very few people since the stock market affects very few people on a major level (literally everyone has said this at this point). Second while tariffs didn't cause the great depression they were a key factor in making it worse (someone hasn't watched Ferris Bueller's Day Off)

[@Marc-ze9me]

Concepts of a plan

[@polloman15]

I think that they can figure it out, Trump, Vance, Tulsy, Kenedy, Vivek and Elon are a critical combo, we will be in good hands

[@rsantana389]

The US becoming an autarky, that’s gonna be interesting.

[@justnotgood5628]

So basically, if trump is elected, we are cooked and if harris is elected, we are still cooked but like slightly less, so the TLDR everyone who said capitalism would fail America was right all along

[@ZeroCGR2]

Things are getting crazy.

[@bumpjammy]

"But you won't struggle to trim the hair from your face" Lets be glad this isn't a manscaped sponsor

[@usun_politics1033]

Ahahaha. Is it a joke? Pushing for Kamala pretty hard, I see.

[@lemoncrime2880]

MAGAts when you just say what their policies are and quote Trump;

[@a_kazakis]

Since when is objective reporting considered pushing Kamala? Every single economist agrees that Trump's economic "ideas" will harm America. Facts don't care about your feelings, remember??

[@evildude2135]

@@a_kazakis Lol look at the guy's other comments he thinks dead people are voting for the Democrats

[@neriofrio]

When did he say tariffs on everything? It makes sense to put tariffs on the things America already produces.

[@BoxEnjoyer]

The economic club of Chicago, as mentioned in the video.

[@CraigGonzalez73]

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... Stock)

[@HeatherCox642]

I am happy, $38,000 every month! Now I can give back to the people in my community and also support the works of God and the church.

[@ClaudiaRubio51]

Please how can I be successful in crypto trading even when there are fluctuations in the crypto market? I have lost many times. Can anyone help me?

[@AdelaVázquez46]

👏 Today I hit 100,000. I am so grateful for all the knowledge and pearls of information you have given me over the past few months. I started with 20,000 in August 2023.

[@ManuelOrdoñez5]

Yes, and that is true. The current global economy is not helping. Keep in mind that people are really making a lot in crypto and Forex trading.

[@RobertoEsteban3]

After raising up to $50,000 trading with Ms. Stephanie Weaver, I bought a new house and a car here in the US and also paid for my son's (Sergio) surgery. Glory to God. Shalom...

[@hresto1]

A Trump Tariffs on imports is like imposing a state income tax in Florida. Very popular and expensive for his supporters.

[@dubliam8064]

Your betting market is out of date lmao. Trump took a huge dive in it yesterday

[@jamessloven2204]

True. It was definitely overvalued the last week or so. Standing at 55-45 on Predictit in favor of Harris. Not exactly a blowout, but a fifteen point drop is a pretty huge 2 day swing.

[@innosam123]

Because of 1 outlier poll from Szelzer. People are overreacting.

[@jamessloven2204]

@@innosam123 yeah, I just read Nate Silver’s take on it. The error bars are pretty significant and it is frankly pretty admirable that it was published, even though it will probably be incorrect.

[@rivvabear9748]

Kamala has it in the bag. I don't know how people don't see it. Kamala landslide incoming!

[@dubliam8064]

@innosam123 Don't talk shit about Selzer. Jfc you butchered that name

[@suryakantabosechowdhury5018]

Tax cuts will only exacerbate inflation if monetary policy is loose. Remember monetary policy is more important than fiscal policy in determining inflation.

[@GOODYGOODGOOD789]

Number one rule of life: Never listen to Elon Musk on anything.

[@jonathan2847]

Tariffs make the world poorer. Tesla is severely outcompeted by Chinese EVs and Elon lobbying to put tariffs on EVs is no different to everyday corruption.

[@TheebX92]

Didn't Biden put more tariff on Chinese EV? Like 100% Tariff?

[@jonathan2847]

@@TheebX92 Yes, both are wrong. But it looks like Trump is going to be more protectionist and thus worse here.

[@jonesprivate4064]

meaning cheaper EVs for the rest of the world

[@jonesprivate4064]

meaning significantly cheaper EVs for the rest of the world.

[@ThePhiphler]

The real problem is that the American government is just too big. Historically US did not have an income tax and instead the government ran on tariffs (they even built roads, financed public schools etc on this money) but the government of today is far too massive for that to work. Its kinda hopless as well seeing how the national debt added every presidential term seems to be a geometric function.

[@007GoldenLion]

Those tariffs would turn America into Argentina 2.0 or Brazil 2.0... we'll have milliins of Americans driving to Mexico or Canada to buy small electronics such as Playstations oe phones.

[@gil6875]

Trump 2024

[@CoolSocialist]

*Zero critical thinking skills detected* 🤡

[@darthmaul216]

Ok ccp bot