Trump Economy plans EXPLAINED

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Washington Post Universe

Washington Post Universe

Ай бұрын

“Our economy is going to hell.”
Former president Donald Trump has made promises for a stronger economy core to his campaign message. The presumptive Republican nominee routinely slams President Biden’s record - although the economy is booming by many measures - to argue that jobs, inflation and overall growth were all much better when he was in the White House.
“Inflation is killing our country,” Trump said during Thursday’s presidential debate. “It is absolutely killing us.”
In stump speeches or off-the-cuff remarks, Trump is rarely specific about how he would make good on his promises. Some of his proposals might not be supported by Congress or hold up in court. But he has broadly outlined his economic priorities - some of which experts say would worsen inflation or deal a blow to the labor market.

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@ImpossibleEvan
@ImpossibleEvan Ай бұрын
Migrants aren't lowering wages, employers are keeping wages low
@juliusdauksys2183
@juliusdauksys2183 Ай бұрын
Exactly. Let's not forget that companies get record profits year after year...
@ftdfijturidtunyjhuif
@ftdfijturidtunyjhuif Ай бұрын
​@@juliusdauksys2183wages are up around 19%
@upper-Machine-276
@upper-Machine-276 Ай бұрын
Why pay someone more money when you can get someone to do the job for less. Business I know 😂
@mid1429
@mid1429 Ай бұрын
@@juliusdauksys2183He is a businessman he just wants to be president so when he gets out it will be easier for him to make a ton over money i don’t get why people don’t realize this
@subaru4920
@subaru4920 Ай бұрын
​​@@mid1429you are talking as if he wasn't already president. You know I am going to blow your mind... That's every politician, that's their job. They go into politics for money.
@alpacaofthemountain8760
@alpacaofthemountain8760 Ай бұрын
Isn’t automation replacing jobs a bigger problem for workers than migrants
@simpletube11
@simpletube11 Ай бұрын
Automation has a higher initial investment so while your big distributors are going to gladly invest, smaller shops are likely going to continue hiring cheaper migrants as they have been. But those companies taking advantage of H1B visas (how do we have prodigious universities but no qualified white collar workers?) should be cracked down on. Companies like John Deere that can post record billion dollar profits (not revenue) and move their manufacturing to Mexico should have their entire Board drawn and quartered. Globalization is a threat to our national democracy and your going to see both L and R start to become more Nationalistic and Anti Capitalist due to modern day capitalism’s ability to squeeze exponential profits and the sake of American jobs….and I’m all for it. Eat the Rich.
@Khalrua
@Khalrua Ай бұрын
No not at all 😂 you’re way off with that one. Automation happens everywhere all over all the time, we all deal with it slowly. 10-30 million extra people on your country is way worse. Those people need jobs, food, etc. that’s a *real* problem now, vs some theoretical problem
@dantehampton2570
@dantehampton2570 Ай бұрын
​@@Khalruayou sure it isnt corporations sending jobs overseas
@vjsoeifi
@vjsoeifi Ай бұрын
As an automotive industry professional, I can assure you that the notion of robots completely replacing human workers in vehicle assembly is still quite distant. While robots have made significant advancements and are utilized for specific tasks such as windshield installation, welding, and painting, they currently lack the necessary dexterity, speed, and problem-solving capabilities to undertake the intricate and varied assembly processes required for vehicle production. The automotive industry involves a high degree of precision and attention to detail, with each vehicle having unique tolerances and variations. This level of complexity poses challenges for robots, as they are not yet able to replicate the adaptability and decision-making skills of human workers. Therefore, it is unlikely that robots will fully replace human workers in vehicle assembly in the foreseeable future.
@joelimbergamo639
@joelimbergamo639 Ай бұрын
But migrants are workers too, how are those groups different?
@subaru4920
@subaru4920 Ай бұрын
Me when the media calls companies refusing to increase their pay to anything remotely feasible a "labor shortage" 🤦
@bowwak5366
@bowwak5366 29 күн бұрын
Scarcity in labor market is what actually causes wages to rise, its much more efficient than some shitty minimal wage. Plus government should have a complete priviledge in managing a proper migration system that favors both the employee and employer.
@Sataka23clips
@Sataka23clips 29 күн бұрын
Why are wages not increasing now when you have Joe Biden. Honestly why are groceries higher now when you have Joe Biden. 😂😂
@richards5855
@richards5855 29 күн бұрын
@@Sataka23clips Because your boss doesn't want to pay money that they can keep for themselves. Because companies had an excuse to raise all their food prices in the pandemic and then realized there was no reason to drop it back down (that would lower their stock price)
@markusnixon3156
@markusnixon3156 29 күн бұрын
​@@Sataka23clips You do know the president doesn't choose how much you get paid, right?
@JoshuaLSpeedy
@JoshuaLSpeedy 28 күн бұрын
​@@richards5855recourse prices skyrocketed during the pandemic. Everyone was consuming and no one was producing. Production costs are ridiculous and it's nowhere near caught up because unfortunately we made up the slack with foreign imports so it's more challenging for necessary domestic goods such as food and construction materialsbas they have significantly lower investment to leverage.
@LogjammerDbaggagecling-qr5ds
@LogjammerDbaggagecling-qr5ds Ай бұрын
Tariffs aren't paid by other countries. They're paid by american importers, and passed directly on to american consumers.
@QwoaX
@QwoaX Ай бұрын
That is an extreme oversimplification. The exporters may have to decrease the price of their products to stay competitive in the US. To cope with 10% tariffs, they may have to decrease their price by 2%, 5%, 9% - wherever the sweetspot for profit per unit x sales volume is, while keeping in mind that higher production volume also lowers the per-unit production cost.
@iirosiren5120
@iirosiren5120 Ай бұрын
So it makes producing those items at home look better? Idk meaby that is the plan? Anyways how much of an effect will it have compared to the fact that alot of stuff has gone up 200% over the last 4 years.
@LogjammerDbaggagecling-qr5ds
@LogjammerDbaggagecling-qr5ds Ай бұрын
@@QwoaX which does nothing for us. It just punishes other countries for trading with us.
@LogjammerDbaggagecling-qr5ds
@LogjammerDbaggagecling-qr5ds Ай бұрын
@@iirosiren5120 it would have no effect on end consumers except raising prices. It's a power move to make a president artificially look good.
@goopguy548
@goopguy548 Ай бұрын
​@@QwoaXexcept they don't, because imported goods are what we rely on. all iPhones are going to get 10% more expensive lol you think apple isn't going to pass that on? same for most of the other tech that isn't made in country, which is a LOT of goods
@SierenGreenwalt-wp3ub
@SierenGreenwalt-wp3ub Ай бұрын
Didn't they crack down on migrant labor in Florida that caused a mess in the labor market there to the point where they rolled that back???
@Yaromyr21
@Yaromyr21 29 күн бұрын
You really expect a man who bankrupted almost every business he touches to understand anything about economics.
@markusnixon3156
@markusnixon3156 29 күн бұрын
​@@Yaromyr21 He is one of the only exceptions in history to, "the house always wins!" 🤣
@RatKingKitKat
@RatKingKitKat 29 күн бұрын
i used to live in florida, and yep, that’s pretty much exactly what happened. what people fail to realize is that a lot of migrant workers still get taxes and things taken out of their paychecks but because they’re technically not citizens, they don’t see any of the money they give the government. even the money going into social security, they put money into social security that they’ll likely never see, and our country needs immigration and foreigners to thrive, that’s how we’ve always been, we’ve always had immigrants and foreigners coming in, that’s how my family came here just one generation ago. the whole “migrants steal jobs” thing is xenophobic rhetoric spewed by lying leeches we call politicians. “a politician will sit down at a table with a white man, a black man and a brown man. he will take money from all 3 and then tell the white man that the black and brown man is stealing his money.” that’s how it all works
@atomicknoob
@atomicknoob 29 күн бұрын
Turns out the US economy is built on migrant labour, especially in the South. The real reason the South has always been "tough" on migrants is that it puts them in a position where in order to work in the US they need to accept less then minimum wage under horrible conditions. Florida made the mistake of passing a law that would heavily fine companies for hirin migrants, which meant a lot of bussinesses (farms included) suddenly felt they couldn't handle the risk of keeping migrants, but also couldn't offer enough money to hire citizens.
@loquatjar11
@loquatjar11 28 күн бұрын
​@@RatKingKitKat oh my god thank you so much for being a person out there who knows and sees this. My dad and my friend's parents have all paid money into the economy they'll never see benefit them while my dad visits reservation clinics to see if they can pull out his tooth or risk it getting infected and he dies. God it's just so frustrating that people seem to think migrants are doing anything other than being killed in hot fields because Florida wouldn't dare mandate a water break. Anyway, as much as I want to argue with strangers on the internet, it's better for my sanity to sincerely thank someone who has half a brain. Thanks!
@seanmyers6700
@seanmyers6700 Ай бұрын
The only ones not saying that a 10 percent tariff will throw us into a massive depression are those on Trump's campaign.
@xman6375
@xman6375 Ай бұрын
How does that happen?
@jimmiller368
@jimmiller368 Ай бұрын
@@xman6375in a globalized economy, less access to foreign goods and capital means producers produce less, and consumers consume less. Absent of serious govt spending (they’re already insanely indebted) a general constriction of the economy = recession or depression depending on the severity.
@alpha8222
@alpha8222 Ай бұрын
Yep, people are complaining about prices now, wait until everything gets 10% more expensive right off the bat and then gets worse as supply drops
@alpha8222
@alpha8222 Ай бұрын
@@jimmiller368Exactly, I wish people would understand the basics of economics before voting for Presidents with bad economic plans
@otherhouse
@otherhouse Ай бұрын
And not only that, if it turns into a trade war with EU or China, that makes the economic situation even worse
@seanhackett8305
@seanhackett8305 Ай бұрын
Immigrants, documented or not, do so many jobs that citizens don’t want to do. Cracking down on it will just worsen the economy as those jobs become empty and remain unfilled. A person coming from a terrible situation is going to take $5/hr to deal with hazardous materials or work in the hot sun all day, but you aren’t going to be finding a middle class citizen doing the same. So suddenly all of the behind the scenes jobs we take for granted that literally run the country are going to be grinding to a halt and we will all feel that
@IAmThyOverlord
@IAmThyOverlord Ай бұрын
Very true. This got proven in Florida when they tried to forcibly restrict immigrants from farming jobs like picking fields. It lead to the biggest labour shortage that literally no natural born American wanted to do cause its fucking horrible work
@cuervocuervin8859
@cuervocuervin8859 Ай бұрын
That’s just glorified slavery. I am immigrant myself and there’s not a single reason why you shouldn’t live legally in this country if what you want to do is better your life.
@AngelaCSpears
@AngelaCSpears Ай бұрын
The kids of engineers aren't lining up to harvest oranges or pick cherries.
@williamgilbert2573
@williamgilbert2573 Ай бұрын
Kinda like how the home building sector died after Florida put in similar laws
@staceyschmidt3149
@staceyschmidt3149 Ай бұрын
How do you know that?? There are some jobs (particularly in the agricultural field) that need the immigrants to work - but not the _illegal_ immigrants. Anyone who understands the system knows that there are visas for temporary farm workers that move from farm to farm helping with harvests, or come in the spring and leave in the fall after the work is completed, because farmers don't have work in the winter for the farmhands, causing them to go where is warmer to continue to work there. These workers are legally in the States. There are other situations, like working in the chicken production and packing facilities, where companies like Tyson Foods rely almost exclusively on illegal ali ens for their workers, because they can keep them over-the-barrel on everything: if they complain about working conditions, they tell the right people and send them back to their home country. They can pay them pennies in the dollar, and there's not much that the illegal can do to fight that. Also, when there have been Illegal worker raids at these factories, and most of their work force has been shipped back to El Salvador or Guatemala or wherever, the local citizens have spoken up and said they're thrilled to be a able to have those jobs finally offered to them, and they happily apply for them. So. By any knowledgeable or educated estimation, every worker we need should be coming in legally. We need _NO_ illegal immigration in the States. Get in line, and COME LEGALLY, and you'll be welcomed.
@radosawmarkowski5379
@radosawmarkowski5379 Ай бұрын
Detention camps As someone who lives in Poland this reminds me of something…
@ConstantChaos1
@ConstantChaos1 Ай бұрын
... I gay, disabled, romani, and Ashkanazi (actually only my grandparents would have had enough to count but still) and I have this suspicion that I've heard of this before..... maybe I should ask my Japanese American friends if they have any thoughts lol
@Blade2point0
@Blade2point0 Ай бұрын
Were those Polish citizens or were they people that crossed the border without the authorization of Poland? The difference between the persecuted Jewish people back then and the immigrants you're talking about now is that the Jewish people committed no crime. That was genocide and now is law enforcement
@kannonpq
@kannonpq Ай бұрын
​@Blade2point0 According to germanic law, the Jewish people did committ the crime, a crime of faith. It was illegal to he Jewish by law. So yes. The Jewish people committed a crime. So by your own logic it's justice. Also expanding the border wall doesn't prevent nearly as much illegal crossover as you'd think - most South American and Mexican illegal entry is done...legally. they just overstay the visa.
@pent2
@pent2 Ай бұрын
@@Blade2point0 Hey buddy, your arm band is showing... You might want to tuck that in a little tighter next time?
@otrjustin
@otrjustin Ай бұрын
Yea, came here to say that. It’s the beginning of a time that too many believe didn’t happen on top of every other time it’s happened before But don’t worry, all those that say they say it first hand or were apart are paid actors so it’s never happened before so can never happen. Don’t worry
@thedamneddamsel8518
@thedamneddamsel8518 Ай бұрын
i’m more worried about my rights. i already knew that the criminal who declared bankruptcy multiple times and had 3,500 financial lawsuits was not good with the economy.
@I.Odnamra
@I.Odnamra Ай бұрын
You do know the US is $35 Trillion in debt, right? And youre worried about 1 mans bankruptcy. The whole phkn country is bankrupt
@kickpushlongboards
@kickpushlongboards Ай бұрын
​@@I.OdnamraTrump is responsible for 25% of that debt, the most of any US President in history
@kickpushlongboards
@kickpushlongboards Ай бұрын
​@@I.OdnamraTrump is responsible for 25% of that debt, the most of any US President
@jerreddavids1154
@jerreddavids1154 Ай бұрын
The economy was much better under Trump. Did you forget what pre-covid looked like while Trump was in office? He knew what he was doing economically.
@grateful3300
@grateful3300 Ай бұрын
@@I.Odnamra you do realize trump added at least $8 trillion to that debt. With his tax cuts that number is sure to go up
@jamesharmon4994
@jamesharmon4994 Ай бұрын
Migrants are not taking away jobs that natives want. Tariffs are always bad. First, it encourages domestic producers to raise their prices. Second, it encourages the countries being tariffed to put tariffs on our exports. This then causes foreign trade to plummet, worsening the trade imbalance.
@juliusdauksys2183
@juliusdauksys2183 Ай бұрын
Remember when he did it last time and it worked super well /s
@Leo-vr3bg
@Leo-vr3bg Ай бұрын
I’d rather we pay a bit more and maintain a stable and robust US economy. I live in the rust belt, and I’m more than happy having our factories come back as we incentivize domestic industry and markets.
@thedonaldlovesu6676
@thedonaldlovesu6676 Ай бұрын
What you just said is exactly why we need it. Taxes on labor levels the field
@Demiuuu
@Demiuuu Ай бұрын
Maybe they don't want the job because of the pay? Maybe the pay is low because it can be?
@teaser6089
@teaser6089 Ай бұрын
@@Leo-vr3bg You really think entering a trade war with Europe is going to make the US economy more robust?
@e4817
@e4817 Ай бұрын
DETENTION CAMPS?!
@marceltelang7825
@marceltelang7825 Ай бұрын
They already exist, i think they have been a thing since 2018
@jordijimenez2634
@jordijimenez2634 29 күн бұрын
Those have been a thing for a long time lmao other countries have those as well
@Patson20
@Patson20 29 күн бұрын
​@@marceltelang7825they've been a thing since the 90s.
@typurp
@typurp 27 күн бұрын
They’ve been a thing forever. It’s a jail. People who break the law go to jail. Camp = facility. Detention = held/detained. Detention camp = a place where people are held. Y’all been so brainwashed with buzzwords that normal words just make you think 1940s Germany. Delusional.
@Triaxx2
@Triaxx2 27 күн бұрын
Sensationalism!
@MrFancyDragon
@MrFancyDragon Ай бұрын
No tips taxes is the only thing I really like from this. Idk how he’s gonna deal with deportation and undocumented workers now with the Chevron case overturned :/
@willhandy4518
@willhandy4518 Ай бұрын
Makes more sense to just pay the workers a livable wage rather than exempt their tips from taxes.
@EdgyShooter
@EdgyShooter Ай бұрын
See, I thought this immediately but then a second later realised this would be another excuse for the restaurant industry not to pay their staff a decent wage
@ConstantChaos1
@ConstantChaos1 Ай бұрын
Most tipped workers already dont make enough to have to pay taxes tho
@ConstantChaos1
@ConstantChaos1 Ай бұрын
​@@EdgyShootermost tipped workers already dont have to pay taxes on it.
@skynet314
@skynet314 Ай бұрын
You honestly think he's going to keep that promise? You are delusional.
@dragostego
@dragostego Ай бұрын
Tariffs are not paid by other countries. Tariffs are charged to people importing goods. So if you buy something that's made in China from an American retailer that American retailer is the person paying the tariff who will then pass that cost on to you.
@iirosiren5120
@iirosiren5120 Ай бұрын
Or to the supplier? Or will chinese suppliers just give up on usa? Ofcourse prices will go up but what has happened during the last 5-6 years?
@MrAw3sum
@MrAw3sum 29 күн бұрын
@@iirosiren5120 yes, it will get worse.
@fafflerproductions
@fafflerproductions 29 күн бұрын
​​@@iirosiren5120lmao they have no say in passing that cost to suppliers, wtf are you on? "What has happened in the last 5-6 years?" A pandemic, greedy corporations, an absurd increase in pay to ceo's (like 900%) and just inflation.
@staypuft3120
@staypuft3120 20 күн бұрын
Everything you buy already comes from another country because you sold out...
@Direblade11
@Direblade11 2 күн бұрын
As I, a basic non-economist, understand it: Tariffs are used to punish other countries, and are best used to help a country's own economy if support for manufacturing of those same goods is also applied
@veronicadoggone5660
@veronicadoggone5660 Ай бұрын
Considering that the SCotUS just ruled federal anti-bribery law does not make it a crime for state and local officials to accept a gratuity for acts that they have already taken. No taxes on bribes 🙌🙌 A judge rules in someone's favor and receives $10M the next day. Totally legit, and tax free 😂
@MrAw3sum
@MrAw3sum 29 күн бұрын
maybe all our wages should be payed in bribes! I'll bribe you with 4 hours of labor if you can bribe me with call of duty.
@tanikokishimoto1604
@tanikokishimoto1604 28 күн бұрын
Extremely sad
@rahulraghu4928
@rahulraghu4928 Ай бұрын
I’m not too keen on Trump being the president during the 4 years where AI will be the most transformative to how our society functions.
@grateful3300
@grateful3300 Ай бұрын
You didn’t have to say anything after “president”
@theofficialgreenkane9645
@theofficialgreenkane9645 Ай бұрын
So you rather BIDEN be President during AI’s transformative years??? 😂😂
@kickpushlongboards
@kickpushlongboards Ай бұрын
@@theofficialgreenkane9645 at least Biden won't abuse it for propaganda to cause an insurrection and overthrow the government and remove your right and remove democracy from America........ You still think these two are the same? You have more than a 5th grade education right?
@cfvyfox
@cfvyfox Ай бұрын
​@@theofficialgreenkane9645at least Biden's admin has been effective, the trump admin was just people getting fired every day and nothing getting done
@theofficialgreenkane9645
@theofficialgreenkane9645 Ай бұрын
@@cfvyfox Effective? Our country is a MESS! Bail reform is a joke, it’s catch and release, stores are getting looted with no repercussions, men are competing in women’s sports and WINNING, gas is sky high, groceries doubled, housing market is a joke, we’re giving away billions to Ukraine & Israel, our LEADER can barely talk in 2024, can you imagine him in 2027-2028? Like seriously. It’s scary people are even contemplating this.
@vinx.9099
@vinx.9099 Ай бұрын
Remember it's not the immigrants that take away your job, it's the greedy boss that'll hapily starve you if it means jour job gets done (half as well if it doesn't create problems in the shortterm) for a penny less.
@talglikman7276
@talglikman7276 Ай бұрын
To whom do you think that job goes to?
@-mushroomqueen-8433
@-mushroomqueen-8433 29 күн бұрын
@@talglikman7276to whom do you think is doing things like construction and the many undesirable jobs
@Yaromyr21
@Yaromyr21 29 күн бұрын
Don't forget that many businesses get tax brakes if they are understaffed
@vinx.9099
@vinx.9099 29 күн бұрын
​@@talglikman7276 plenty of options: your college who won't be payed more for it. AI. automated away. a new hire who'll provide lower quality work for lower pay because they don't have experience or is easier to exploit, an intern who gets payed in nothing but experiance/"experiance". why do you think to who the job goes matter? is it the fault of your colleague that they get saddled with your workload? is it the fault of the people looking for a job that they are seen as cheap replacement for you? of course not. the fault lies with the person that fires you so the job can be done for cheaper by someone else. they made the desision to fire you, not the person looking for a job. the people looking for a job don't want you out of a job, they just want a job too, it's the person who hired you that wants you out of a job.
@robertmartin6800
@robertmartin6800 28 күн бұрын
It is the immigrant who takes away the job, what on Earth are you talking about? Why do you think our states allow for so many people to immigrate in the first place, if not to keep wages depressed and help the economy grow? What are you talking about?
@yuvalne
@yuvalne Ай бұрын
so trump wants to make poorer people more poor and richer people more rich.
@mebbish3574
@mebbish3574 24 күн бұрын
yup
@theodoreryan7892
@theodoreryan7892 24 күн бұрын
Your confusing Biden and Trump again.
@Astaticembrace
@Astaticembrace 24 күн бұрын
You mixed up Trump with Biden's caretakers
@gwhitty12
@gwhitty12 24 күн бұрын
That why Washington Post here just relayed the talking points and did not explain how most of points are bad because Jeff Boozo can't afford to not make 100 billion a year and pay a few million in taxes.
@luigimrlgaming9484
@luigimrlgaming9484 24 күн бұрын
@@gwhitty12 Jeff Bezos, the guy that has no competition because he paid the government to increase regulation?
@unorock4life
@unorock4life Ай бұрын
"Migrants keep wages low" except americans dont do those types of jobs, they arent eligible for most high paying jobs because they have no paperwork, in states that try that out they routinely have crops rotting in the fields and best of all labor laws dont apply to farm workers. Corporations keep wages low and they always have.
@Demiuuu
@Demiuuu Ай бұрын
They don't do them because of the pay. The pay is as low as it is because it can be. Because, quoting you -"americans dont do those types of jobs", but there is someone else that does
@unorock4life
@unorock4life Ай бұрын
@Demiuuu in order to sell produce to be at the prices they are it is required that wages be low, while its unfair its also the entire basis for our economic system, so from what your advocating you would be absolutely ok with increasing all food and food products in all of america by multiple times over. Our economy dives whenever food gets a few cents more expensive.
@Demiuuu
@Demiuuu Ай бұрын
@@unorock4life "in order to sell produce to be at the prices they are it is required that wages be low" - this is only true if a company makes 0 profits. "its also the entire basis for our economic system" so was slavery. Objectively, the system has produced shit results. "you would be absolutely ok with increasing all food and food products in all of america by multiple times over" yes. By every single metric that's not tied to assets, regular people are worse off than they've ever been. "Our economy dives whenever food gets a few cents more expensive." - no the economy doesn't, the stock market does, and stock market is not the economy. And if anything, you're mixing up cause and effect. Whenever profits dive prices increase. The REAL economy, the one in which REAL people live, has been continuously diving for multiple decades. Ask anyone would they rather be able to afford a house and a family on a normal salary or pay a little less for food. The asset class needs to realize that the working class is at a breaking point and will demand more and more radical solutions until things improve. On the left and the right
@MemeMarine
@MemeMarine 29 күн бұрын
Theoretically, reducing the labor pool MIGHT actually drive wages up for some jobs... While also skyrocketing the prices for the goods those people once produced. Everyone who isn't working farming jobs (most people) would suffer.
@unorock4life
@unorock4life 29 күн бұрын
@MemeMarine thats the problem with studying economics theoretically. They teach it with "Ceteris paribus," meaning all things constant, so no variables, but real-world economics never ever act that way. Sure, the theory is sound, but when you realize all the variables at play equal, our economy could never survive that type of price increase to keep up with wages increasing from a few dollars a day to hundreds of dollars per employee across all of america. It would be the soviet union towards the end with bread lines.
@singingsiren82
@singingsiren82 Ай бұрын
So he wants to get rid of income taxes, but also get rid of taxes on tips, which would have essentially occurred if the goes with the first rule. Also, people don't realize how much tarriffs will actually cost the American people. Prices will increase because the companies will try to recoup the revenue (and you know they'll do more than 10% but still blame it all on the tariff), but if people bring the work back to tne US things will cost more just due to the fact that making goods in the US is significantly higher than places like China.
@grateful3300
@grateful3300 Ай бұрын
Why are costs to make things in the us so much higher than other places? Is it the labor or the products? And if it’s the labor, again, why? Is it because the cost of living here is so much greater that we NEED higher wages? wouldn’t that be the corporations fault for charging too much?
@alpha8222
@alpha8222 Ай бұрын
@@grateful3300 We have better worker rights. American companies have minimum wages, have to offer benefits, can’t fire for no reason, etc. In China and other countries, you can pay someone pennies on the dollar and fire them when they unionize. Those people also have terrible qualities of life, there’s a decent chance many of them are homeless or live in unsafe conditions. Yes things are more expensive here, but that’s cuz our quality of life is much higher for your average worker
@iirosiren5120
@iirosiren5120 Ай бұрын
​@@grateful3300Bruh go to china and work at an sweatshop for 10-12 hours and come back home to your closet sized "apartment"😂 Yes its not that bad everywhere but one of the reasons why labor is cheaper since people there dont expect to live an good life.
@trickmiller8169
@trickmiller8169 29 күн бұрын
It keeps the money in this economy is the thing, when you bring back production here. The rules of supply and demand still apply with price increases. If the price increases, then less people will buy. It can't just be an exact replica of whatever % tariff is added, unless the value perceived by the consumer is worth it. It will be less more often than not.
@alpha8222
@alpha8222 29 күн бұрын
@@trickmiller8169 This only works for nonessential goods, certain products like toiletries or office supplies have fairly inelastic demand, so higher prices won't effect demand too much. For the more elastic products tho, people buying less still creates a constriction in the economy which tends to raise unemployment and hurts gdp. I feel like tariffs are only really necessary if a foreign producer actively threatens shutting down a domestic industry cuz they don't really help us
@MemeMarine
@MemeMarine 29 күн бұрын
Those plans are utterly delusional and would ruin the economy. 10% tariff would raise price of goods. You would need about a 150% tariff to replace income taxes (utterly backbreaking amount of money). Getting rid of several million workers, mostly on farms... I hope you don't like food very much?
@avres13
@avres13 27 күн бұрын
Sadly most voters don’t give a rats ass about policies and vote for their team😅
@Jzt_Darren
@Jzt_Darren 5 күн бұрын
The only thing I'm half and half on is the tariffs. TWP is biased
@supercraig89day
@supercraig89day 27 күн бұрын
Not going to lie, the last part sounded similar to a German leader back in the 1940’s.
@jamierobinson6287
@jamierobinson6287 29 күн бұрын
As someone who studies economics, all of these are bad ideas for the economy.
@Patson20
@Patson20 29 күн бұрын
The country is like body, eating right and getting exercise is good for it but generally unpopular. So that's why politicians pitch junk food polices, because they know it sounds good to everyone and most don't realize the damage it causes
@OurLordandSaviorSigmar
@OurLordandSaviorSigmar 28 күн бұрын
I'm happy I took economics classes in college. People who never even read an economics book, suddenly think tariffs would magically bring back manufacturing jobs and decrease prices. Countries don't impose much tariffs nowadays, because they learned from history that they don't work.
@Patson20
@Patson20 28 күн бұрын
@@OurLordandSaviorSigmar it would bring back manufacturing.... after a decade of absolutely crushing and gutting the economy into a depression.
@asdfbeau
@asdfbeau 22 күн бұрын
@@OurLordandSaviorSigmar Appeal to authority...in Economics? The field that's missed a major market crash/collapse, every decade, for a century? Tariffs don't 'magically' bring back manufacturing- they manipulate market forces to incentivize domestic production- they're a tax, but they're a tax with a clear strategy for avoidance.
@staypuft3120
@staypuft3120 20 күн бұрын
Was your teacher Jimmer Carter?
@Jessie_Helms
@Jessie_Helms 28 күн бұрын
Warhammer players when they heard Trump wants a universal tariff… _Guess I’ll be even more broke_
@pumpkindog1636
@pumpkindog1636 Ай бұрын
So no income taxes? That’s one way to get rid of social security 🙄
@prettyboyjeremy
@prettyboyjeremy Ай бұрын
You say that like it's a good system in the 1st place
@Yaromyr21
@Yaromyr21 29 күн бұрын
​@@prettyboyjeremy so is the government supposed to allow only people to starve on the streets? Or have them burden their families?
@leiah6514
@leiah6514 29 күн бұрын
@@prettyboyjeremy I’m not a fan of it, but it does give the government money leverage that isn’t straight taxes and gives a safety net for those who never choose or are able to save for retirement. The problem is we already aren’t going to be able to pay back what was paid by this generation and getting rid of it is only gonna make that issue worse. It’s one thing to dislike an issue, but it’s another to make it worse because you dislike it. Politics is all about lesser of two evils.
@silentslaughter4108
@silentslaughter4108 29 күн бұрын
First off, Social Security doesnt come from your income tax, it's its own line item deduction, look at your pay stub. Also Social Security is a failure of a security blanket and would be better off not existing, instead being funneled into an individual's retirement fund
@a_literal_crow
@a_literal_crow 29 күн бұрын
​@@Yaromyr21of course, doing anything for the american people is communism and socialism!!! Those low income families with two working parents both working 2 jobs just need to pull themselves up by the bootstraps, simply a skill issue
@borgor6539
@borgor6539 29 күн бұрын
anyone who’s taken a basic economics class could tell you that high tariffs only harm the consumer, as companies will simply increase their prices to compensate. if they don’t, then they find somewhere else to sell to and we lose out on imported goods.
@waluigifan9187
@waluigifan9187 29 күн бұрын
That’s the point. Then domestic production has a fair chance to catch up bring jobs back in states that lost all their businesses overseas
@LukaSchoone-sd1wn
@LukaSchoone-sd1wn 29 күн бұрын
​@@waluigifan9187the issue is, business make much more Producing in nations like china. Wages are much lower there than the US. New tariffs will only hurt American consumers, without bringing back business, unless tariffs are drastically increased, which would hurt Americans even more.
@captainholy1558
@captainholy1558 28 күн бұрын
@@waluigifan9187 Amen, we need to bring back jobs and not follow the boomers way of sending work oversees for a cheaper price. But these people want to follow in the steps of the boomers who ruin the economy.
@OurLordandSaviorSigmar
@OurLordandSaviorSigmar 28 күн бұрын
​​​​@@waluigifan9187 it won't, apart from those businesses with products that have high margins. Low labor costs and shorter supply chains are more attractive to corporations, than low corporate income tax and tariffs.
@Demopans5990
@Demopans5990 28 күн бұрын
Also, places like Ireland and Estonia have even more liberal tax rates, plus access to the EU market, so you aren't competing on that
@WesValure
@WesValure 29 күн бұрын
We live in a consumer base economy here in the US.. As a Consumer we pay all Tax's, all Tariffs, all living wages and so much more.. If you want to beat the system, Stop buying things you don't Need... Amen
@alpha8222
@alpha8222 29 күн бұрын
I don’t think boycotting buying things will necessarily help, but with minimal business regulations and taxes in the us compared to most other countries, I agree that the consumer does face the brunt of any economic hardships or business expenses
@SeeThroughTV
@SeeThroughTV 28 күн бұрын
High tariffs only look good to voters but in the long run its super bad for consumers
@asdfbeau
@asdfbeau 22 күн бұрын
in the long run it encourages domestic production. Make that sweatshop iphone unaffordable enough, and Apple will start producing them here. No company will leave a market of 300m consumers.
@Joe_Monkey_Rogan
@Joe_Monkey_Rogan Ай бұрын
Tariffs are bad
@jerreddavids1154
@jerreddavids1154 Ай бұрын
The idea is that tariffs would incentivize American made products that wouldn't be tariffed. Of course Tariffs would drive up cost of import goods, but while also lowering corporate taxes it would give more companies a reason to manufacture and distribute domestically.
@donnienicholson6062
@donnienicholson6062 Ай бұрын
Trump starting tariffs and KEEPING INCOME TAX is worse.
@thebashfulturtle9987
@thebashfulturtle9987 Ай бұрын
Tarrifs also hurt products that are produced in America if they're made by from imported goods​. @@jerreddavids1154
@PBlot1
@PBlot1 Ай бұрын
@donnienicholson6062 If the government didn't *need* to collect its money from its citizens, what leverage do you think those citizens will have? What happens to your rights when the government as a whole doesn't *need* anyone outside its staff to keep going?
@GayroAce
@GayroAce Ай бұрын
@@jerreddavids1154they tried that in the Great Depression, it did not work, why would it now
@thefbiman2116
@thefbiman2116 29 күн бұрын
"undoccumented workers are driving down wages". Yes, slavery drives down wages, thats what makes it wage slavery. Make the punishments for those businesses universal so its not even worth the risk anymore.
@vinsanity_52
@vinsanity_52 29 күн бұрын
History tells me high tariffs dont end well. Pre civil war anyone?
@stash.
@stash. 20 күн бұрын
How can you have a civil war with National Socialists who don't own guns lol
@vampcaff
@vampcaff Ай бұрын
Nice, a universal tax while people are still making tens of millions
@BackYardScience2000
@BackYardScience2000 29 күн бұрын
90% of the things in my store are imported. Tariffs would likely ruin me and my business. 😞
@Demopans5990
@Demopans5990 28 күн бұрын
Electronics? Because they're all made in China or Taiwan at the end of the day. Something about every PCB plant being either in Taiwan or that one city in China
@Trailblazer839
@Trailblazer839 29 күн бұрын
Lowering coprate tax only raises ceo pay
@silentslaughter4108
@silentslaughter4108 29 күн бұрын
Lowering the corporate payroll tax gives the company an incentive to raise wages without penalizing them with higher tax payments, removing both the payroll tax and income tax puts more money into the pockets of workers.
@kiyoraka3537
@kiyoraka3537 28 күн бұрын
@@silentslaughter4108 but the workers wont get paid a dime more and the ceos will report record breaking income once again
@dtwatson1
@dtwatson1 28 күн бұрын
@@silentslaughter4108 you still think that money will trickle down? Take a lap.
@soacespacestation8556
@soacespacestation8556 24 күн бұрын
​@@silentslaughter4108 Trickle Economics? Because that works so well.
@Trevor-kc6zv
@Trevor-kc6zv 12 күн бұрын
Lowering corporate tax helps the small business owners stay afloat. Then these businesses can actually grow and pay more employees more money
@kggaming792
@kggaming792 Ай бұрын
My worry with republicans is that they will start going after legal immigrants like me
@Blade2point0
@Blade2point0 Ай бұрын
Why would they? The only thing Republicans like more than a living example of a person following the laws of the land is money, and guess what, legal migrants make the government money just as much as the average citizen.
@lucassevey5989
@lucassevey5989 Ай бұрын
​@@Blade2point0until whatever he's doing doesn't work and he has to blame someone else
@Alex-nc9gg
@Alex-nc9gg Ай бұрын
He won’t go after the legal ones as they did the right thing and didn’t try and cross the border illegally
@mishaf19
@mishaf19 Ай бұрын
@@Blade2point0Asylum seekers are legal immigrants.
@Cobalt_11
@Cobalt_11 Ай бұрын
​@@Blade2point0they already did. My best friends family in high school was deported due to the executive action trump signed in 2017 for legal immigration reforms immediately changing the requirements for host families. They were in the country for 7 years and were on track to get citizenship in the next 5. They were forced to leave in 2018. Now my friend has been missing (presumed dead) for three years. If he would've never been elected I wouldn't have lost him. Thousands of people in different sectors of the economy were forced to leave. They don't care about immigrants or anyone other than the people who are around them.
@napoleonofthewest
@napoleonofthewest 29 күн бұрын
This is just a slander video
@alfiehopkin5795
@alfiehopkin5795 28 күн бұрын
What slander?
@user-xh9pu2wj6b
@user-xh9pu2wj6b 28 күн бұрын
if you think that accurate reporting on Trump's economic plans is slander - maybe you should reconsider who you wanna vote for, lmao
@Randomtheprotogen
@Randomtheprotogen 29 күн бұрын
Build detention camps? That's odd, wasn't there that one failed artist that did something similar?
@juliusdauksys2183
@juliusdauksys2183 29 күн бұрын
I don't know, let's ask the japanese Americans...
@lui5gif
@lui5gif Ай бұрын
I hate Trump as much as the next sane person, but comparing this video to Biden's it's really all negatives vs all positives. Is this really fair, there's not even 3 possibly positive things out of the Republican plan?
@nyxvillanueva661
@nyxvillanueva661 29 күн бұрын
Even if there were, those positives aren't the main economic plan. Plus, technically not taxing tips is a positive!
@danhonks6264
@danhonks6264 28 күн бұрын
there are lots of positives in trumps plans, just not for the average person. only for folks like him. yes, it really is that simple.
@SavveGaming
@SavveGaming 28 күн бұрын
Nah, I mean Washington post has an agenda like every major news source. Bought and paid for political parties. It’s been like this for awhile. Independent KZbinrs are the only way to get the actual news in a reasonably unbiased way these days.
@tabularasa0606
@tabularasa0606 23 күн бұрын
No, there isn't. It's idiotic.
@donnienicholson6062
@donnienicholson6062 Ай бұрын
Companies don't pay taxes or burger flippers 20 bucks an hour---CUSTOMERS pay those and the power & water bill, insurance, maintenance.
@TheDarkPacific
@TheDarkPacific Ай бұрын
Companies here and around the world easily balance fair wages and profits. Don't let Mcds and Walmart, fool you. Esp Mcds that pay a higher wage overseas without more expensive menu items.
@juliusdauksys2183
@juliusdauksys2183 Ай бұрын
My guy, stop pretending that companies are the victims
@alpha8222
@alpha8222 Ай бұрын
As an 18 year old who has worked customer service, I wanna know where you can go to flip burgers for 20/hr. That’s manager money at most places lol, if you’re part time the best you’re doing is maybe 15/hr if you’re lucky
@pierregravel-primeau702
@pierregravel-primeau702 Ай бұрын
You wish to say that CUSTOMERS pay these lavish private jets and golden parachute of idiotics trust fund baby that crash compagnies to the ground one after the other?
@QwoaX
@QwoaX Ай бұрын
A worker making 20$ per hour might be cheaper than one making 10$/h for the same job. If you pay more, you get healthier, more motivated peopleand a lower turnover, thus have a higher per-hour productivity. You get what you pay for. Also you forgot profit margins on your list. Customers are also paying for rapidly inflating CEO salaries and shareholder dividends.
@DavidVillaTorre
@DavidVillaTorre 28 күн бұрын
Tariffs always bite back by causing a rise in prices
@Grant_Arnett
@Grant_Arnett 29 күн бұрын
He wants to do project 2025.
@Mr.Skip-di6yg
@Mr.Skip-di6yg 29 күн бұрын
Will we ever know who's cocaine that was, that was founded in the White House?
@juliusdauksys2183
@juliusdauksys2183 29 күн бұрын
No since it's irrelevant
@Mr.Skip-di6yg
@Mr.Skip-di6yg 29 күн бұрын
@@juliusdauksys2183 The world wants to know, especially after that nuclear disaster performance during the debate.
@juliusdauksys2183
@juliusdauksys2183 29 күн бұрын
@@Mr.Skip-di6yg the world doesn't care and both sides agree that the debate is a shitshow
@Mr.Skip-di6yg
@Mr.Skip-di6yg 29 күн бұрын
@@juliusdauksys2183 Is Biden going to resign? The world wants to know.
@juliusdauksys2183
@juliusdauksys2183 29 күн бұрын
@@Mr.Skip-di6yg why would he
@doubleblocks3446
@doubleblocks3446 29 күн бұрын
Trump trying not to make the economy worse(Impossible)
@argyjql9113
@argyjql9113 Ай бұрын
Yea every single one of these points will worsen inflation which in effect will worsen the economy. Yea clearly he hasn’t learned anything from being a businessman.
@nasirlahr5563
@nasirlahr5563 29 күн бұрын
You said “detention centers for migrants” when we already have seen this kind of thing before in 1940s eastern Europe
@Patson20
@Patson20 29 күн бұрын
You already have immigrant detention camps in your state today and they've been there for over 30 years.
@Yaromyr21
@Yaromyr21 29 күн бұрын
​@@Patson20 when taking about trump you have to assume the worst
@mysticalseapotato8303
@mysticalseapotato8303 29 күн бұрын
@@Yaromyr21 Obama had more kids in cages and Biden's administration has seen tens of thousands of illegal children go missing, wtf are you on about?
@nasirlahr5563
@nasirlahr5563 29 күн бұрын
@@Patson20 still doesn’t change the fact they’re bad, i never said just because trump is building them that they’re bad, they’re not good regardless of who how when and why
@mayawhite447
@mayawhite447 23 күн бұрын
Where do you think people who invade your country should go?
@xythrr
@xythrr 29 күн бұрын
Number 1 should IMMEDIATELY make every single citizen opposed to him. Tariffs are terrible.
@jamiostrander6905
@jamiostrander6905 Ай бұрын
Still voting blue
@adaml2932
@adaml2932 29 күн бұрын
I'm a moderate Republican and not a fan of Trump. I am trying to watch your channel to get a better idea of what is going on from both angles but you make it very difficult to do so. Your bias is horrible.
@dustinthewind357
@dustinthewind357 28 күн бұрын
It really is repulsive
@margs9184
@margs9184 26 күн бұрын
In the same boat - I hate the disingenuous bullshit pieces like this. It's sad that wapo will leech children's minds like this.
@dustinrhodes1681
@dustinrhodes1681 27 күн бұрын
Just to be clear, Trump literally just said he wants to raise YOUR taxes, and lower CORPORATE taxes.
@mattlepird8241
@mattlepird8241 13 күн бұрын
On the surface it’s not raising. You pay over 20% now on every penny you make. He wants to cut that do a 10% tariff on the things you buy. Technically he’s lowering but they have tried this tactic of using tariffs before and it was horrible. It turned the depression into the Great Depression.
@Josh651Pro
@Josh651Pro 29 күн бұрын
Definitely not any bias in this short 😐
@juliusdauksys2183
@juliusdauksys2183 29 күн бұрын
Actually... it's not
@WRSpiral
@WRSpiral 29 күн бұрын
Doesn't Trump himself have an illegal immigrant working for him?
@mattlepird8241
@mattlepird8241 13 күн бұрын
No that’s his wife
@josephstalin322
@josephstalin322 Ай бұрын
Now do rfk
@somerandommen
@somerandommen 29 күн бұрын
1. Tariffs are off-set by foreign entities raising the price of imported goods. That means the American people are basically paying the tariffs. 2. Native workers aren't trying to get low-level agri-jobs. Immigrant workers only boost the economy by doing jobs natives don't want to do.
@aboveaero
@aboveaero 29 күн бұрын
Yes!
@atroxiv
@atroxiv 28 күн бұрын
No, it means the american people stop buying the foreign good, and start buying a domestic equivalent, keeping US capital in the US instead of widening the trade deficit with China, and giving jobs to US workers to produce the good in the US.
@somerandommen
@somerandommen 28 күн бұрын
@@atroxiv What? Agriculture is one of the few things Americans rely on which remains domestic?? Our meat, our vegetables, our fruit... they're American grown. Tariffs mainly deal with appliances and clothing, which are almost always foreign produced.
@atroxiv
@atroxiv 28 күн бұрын
@@somerandommen I never said tariffs would hurt agriculture, and I'm aware that we produce most of our food. I was solely addressing their point about tariffs. a simplification of my point is: increasing the cost of foreign appliances would lead American consumers to buy domestically produced appliances instead. It incentivizes American capital to stay in America.
@somerandommen
@somerandommen 28 күн бұрын
@@atroxiv Sorry, I read good as food. I was on a run when I first read your comment. Also, no lol. Tariffs just raise the price of foreign goods imported, which just raises the price for Americans.
@PinkLasers
@PinkLasers 28 күн бұрын
Ive heard of another person that rounded up people into camps
@tabularasa0606
@tabularasa0606 23 күн бұрын
Yes, remember all the Japanese-Americans the US locked up during WW2. The US has it's own shitty history with concentration camps.
@stash.
@stash. 20 күн бұрын
Welcome to the wonderful leftist world of *EVerYoNE i diSAGreE wItH POliTiCAlLy iS ThE mOusTAchE mAn*
@lucyk2371
@lucyk2371 Ай бұрын
Just so you know...trickle down economics has never worked.
@darksythe2226
@darksythe2226 29 күн бұрын
Okay but companies shouldnt be using undocumented immigrants so saying its a blow to the labour market is like saying we know what we are doing is illegal we just don't care.
@charliekowittmusic
@charliekowittmusic 29 күн бұрын
I really envy the right-wing. Can you imagine just saying “Everything is *that* group’s fault!” And calling it a day?
@SavveGaming
@SavveGaming 28 күн бұрын
the left does the exact same thing lil bro 😂
@tanikokishimoto1604
@tanikokishimoto1604 28 күн бұрын
​@@SavveGaming they all do. But I'd rather Biden than Trump.
@SavveGaming
@SavveGaming 28 күн бұрын
@@tanikokishimoto1604 I mean that’s valid but let’s not act like one side is the only side doing this.
@dustinthewind357
@dustinthewind357 28 күн бұрын
Oh the irony
@charliekowittmusic
@charliekowittmusic 28 күн бұрын
@@dustinthewind357 I know what you’re trying to do. But just mentioning that a group exists is not the same as blaming your problems on them. Better luck next time though!
@NunyaBizniz-om6xf
@NunyaBizniz-om6xf 29 күн бұрын
Unfortunately, i can't vote based on economic policies because there's an entire group of people potentially in danger if Trump gets voted in.
@user-zs4kv5bx9l
@user-zs4kv5bx9l 29 күн бұрын
That's my position, too. America cannot elect trump because he will set human rights backwards
@JTM56
@JTM56 29 күн бұрын
Who?
@NunyaBizniz-om6xf
@NunyaBizniz-om6xf 28 күн бұрын
@@JTM56 Trans people and the LGBT as a whole. Conservative policy makers can and will attack the rights of these groups.
@NunyaBizniz-om6xf
@NunyaBizniz-om6xf 28 күн бұрын
​@user-zs4kv5bx9l Not even just for LGBT folks, too, but anyone capable of getting pregnant. Just an attack on people's healthcare, rights, and autonomy. its awful.
@JTM56
@JTM56 28 күн бұрын
@@NunyaBizniz-om6xf is there an example or is that just like just a guess?
@midoriposting
@midoriposting 28 күн бұрын
As someone of Ashkenazi decent the use of ‘detention camps’ has me feeling some sorta way 💀
@brocksampson2590
@brocksampson2590 Ай бұрын
We dont need to lower corporate taxes!!!
@deathdrone6988
@deathdrone6988 Ай бұрын
And based off that, assume over two thirds aren't gonna happen and those that do pass will be watered down.
@newyearsday13
@newyearsday13 29 күн бұрын
I don’t disagree, but his detention camp idea is a dog whistle to racists. The fact that he is choosing to pander to individuals like that in his campaigning should be seen as inexcusable in the 21st century.
@ConstantChaos1
@ConstantChaos1 Ай бұрын
Most tipped workers dont make enough to be taxed tho
@jacobc9221
@jacobc9221 29 күн бұрын
Policy -1. Dismantle Obama's anti-pandemic unit so covid becomes a problem for the economy and public health
@tanikokishimoto1604
@tanikokishimoto1604 28 күн бұрын
That was Obama? He was no longer president. And, remember, Fauci was appointed by Reagan.
@ad_astra5
@ad_astra5 Ай бұрын
He might be technically right on the workers wages thing, but not for the right reason. Deporting them like the 1920s/30s is nigh impossible without hurting the economy + the logistics and human rights aspects. But, especially in agriculture, people know they can underpay migrants without the cops getting involved.
@lulufan100
@lulufan100 29 күн бұрын
Anyone else get uncomfortable after hearing detention camps? 😶
@thebashfulturtle9987
@thebashfulturtle9987 Ай бұрын
This is a little misleading. Tarrifs are payed by the company that purchases the foreign good and goes to the us government. They are not payed by other nation as this video seems to imply.
@waluigifan9187
@waluigifan9187 29 күн бұрын
And who do you think will they charge for that if they can purchase domestic
@The_Canadian_Engineer
@The_Canadian_Engineer Ай бұрын
The tariffs will only cost Americans more. They will be the ones paying the 10%, not the companies.
@abdoaldwaib4998
@abdoaldwaib4998 29 күн бұрын
So we are stuck with either trump or biden ?? No other options?
@Thefootqueen
@Thefootqueen 29 күн бұрын
“Detention camps.” Is this not reminding anyone else of a certain Austrian Painter?
@mysticalseapotato8303
@mysticalseapotato8303 29 күн бұрын
Not really. Reminds me of Obama and his kids in cages. Or Biden and the tens of thousands of illegal kids going missing under his watch
@waluigifan9187
@waluigifan9187 29 күн бұрын
Quit pretending to be upset. Detention camps have been a thing for decades
@silentslaughter4108
@silentslaughter4108 29 күн бұрын
Or literally how any other country handles illegal immigration?
@kermitthefrog2578
@kermitthefrog2578 29 күн бұрын
If you haven't been keeping up we've had these detention camps since the 90's
@Animodeus
@Animodeus 28 күн бұрын
It's been a thing for decades. You are just unaware of it
@theofficialgreenkane9645
@theofficialgreenkane9645 Ай бұрын
OUR COUNTRY IS A MESS RIGHT NOW
@amedaius8492
@amedaius8492 24 күн бұрын
"Pass it on to my consumers". Yes, exactly. Then consumers won't buy expensive overseas goods, they will buy locally produced goods that you don't pay tariffs on. Congratulations, you discovered the purposes of tariffs.
@user-yo5lr5jy2e
@user-yo5lr5jy2e 29 күн бұрын
Ah yes LOWERING company's taxes Just what the world needs For the top 1% to pay EVEN less to the people
@levivoyles5924
@levivoyles5924 23 күн бұрын
It's really as simple as this, under Trump, we had more money. Under Biden, we have less money. I'm gonna vote for less taxes every single time.
@donnienicholson6062
@donnienicholson6062 Ай бұрын
There is no legal reason to pay income tax..no amendment they can REPEAL before passing a law to start what is a VAT in England and other Countries. If you trust Congress and especially Donvict Trump to actually end income tax after the other system is initiated--Bless your little hearts.
@alpha8222
@alpha8222 Ай бұрын
People also don’t seem to understand that taxes aren’t evil, they pay for everything and lower our national debt. If you like roads, firefighters, the military, the assurance that your food won’t kill you (FDA) or a functioning government (wages don’t pay themselves) then I don’t see how you can pretend taxes are theft and evil. Also those are a few of the things the government does, they do a ton more as well as a lot behind the scenes to keep everything running
@Kronosgear
@Kronosgear 22 күн бұрын
Tips shouldn't be taxed.
@aloespirit1880
@aloespirit1880 27 күн бұрын
driving out enough undocumented immigrant laborers could easily obliterate the agriculture industry in the U.S. because it is very dependent on them
@Pbj420
@Pbj420 Ай бұрын
He better take us to the circus after the tarrifs
@Blondelocks97x
@Blondelocks97x Ай бұрын
Tariffs are terrible
@ilect1690
@ilect1690 3 күн бұрын
how tf can we sustain our economy solely on tariffs? pretty sure our total imports are actually worth less then the tax revenue generated so you'd have to do like 100%+ tariffs which would 100% lead to absurd inflation
@madjack3409
@madjack3409 27 күн бұрын
Does biden even know his econ plan?
@standardpessimist9857
@standardpessimist9857 Ай бұрын
One guy has a detailed active plan vs. one guy has free puppies but you can't afford dog food
@poushie1233
@poushie1233 Ай бұрын
“Detailed active plan” to make people stop making stuff in the US because it’s way more expensive to get materials to fund corporate tax cuts and then dump a ridiculous amount of time, effort, and money into “stopping all those illegal aliens” like that’s going to solve the economy. Logistically doesn’t make sense and most of the ones that are actually ‘illegal’ are forced into really low skill jobs anyways while being paid next to nothing
@Banefulailment
@Banefulailment Ай бұрын
Tariffs will probably raise prices but it will also encourage american manufacturing and level the playing field for american made products meaning likely more expensive goods but a higher quality of goods and more jobs for americans and of course undocumented labor is bad for US workers, its simple supply and demand. Trumps plan is a way to pivot away from hyper consumerism
@GayroAce
@GayroAce Ай бұрын
On paper, yes, in practice, they tried that during the Great Depression
@kickpushlongboards
@kickpushlongboards Ай бұрын
Except that shift will take up to and maybe over a decade and during that whole time the economy crashes and everyone suffers. And because the economy crashes many companies are forced to cut costs and that usually comes with job cuts and productivity cuts and less profit, so less investments into the American infrastructure you want.
@ConstantChaos1
@ConstantChaos1 Ай бұрын
If we transfer primarily to domestic goods and only have tariffs no income tax the gov will fail my guy, there would be no funding at all
@spacespector
@spacespector Ай бұрын
Trump looked at your grocery bill and said i can double it
@alpha8222
@alpha8222 Ай бұрын
Hyper consumerism isn’t going to go away thru economics, it’s a cultural thing. Americans want the latest and greatest stuff all the time, and tariffs won’t change that. Also raw materials will get more expensive with tariffs, hurting American companies in that way too
@Notthecourier
@Notthecourier 26 күн бұрын
Whoever gives me a free caprisun I’m voting for
@nateborck4577
@nateborck4577 28 күн бұрын
Yes tariffs are passed along to the consumer, but that is the idea. It makes the item price higher and not as competitive with the locally made item of similar design. This makes it easier for local manufactures to compete with foreign products, keeping jobs in the USA and also protecting us from extremely low quality items. (I'm looking at you Temu...)
@kevinskinner4986
@kevinskinner4986 28 күн бұрын
..... except that only works in theory. In practice, the local producers often go "Lol, we're raising our prices" because selling for any less than the foreign import is lost profit.
@user-xh9pu2wj6b
@user-xh9pu2wj6b 28 күн бұрын
This has almost never ever worked in reality. Especially now with massively globalized and interlinked economies. Also, some items are just not produced in the US, period. Would you then propose to go into full autarky? That was proven to not work for shit too.
@FishyFishaz
@FishyFishaz Ай бұрын
No tax on tips is going to be big. These tax cuts are onr of the most underreported part of the Trump campaign but i thibk they will have the biggest impact on your typical worker.
@BlairinTM
@BlairinTM Ай бұрын
For anyone who says Tariffs are bad, theyre a long term solution. While they may temporarily increase prices, you must remember that companies do charge MUCH LESS for their goods in every other region of the world, from 15% lower on average (europe) to 90% lower (india and SEA). These companies can absolutely afford it, but if they want to keep their margins in America high, theyll have to establish a manufacturing center within the US, which provides jobs. This was the main purpose of the trade war with China, which did work at least partially. Anecdotally before trumps presidency you literally could not get a PSU that wasnt manufactured in China. Now the market is a lot more diverse and cheaper.
@Lomhow
@Lomhow Ай бұрын
Finally someone who understands how Tariffs work 👏👏👏👏
@GeeksGets
@GeeksGets Ай бұрын
Tariffs are bad economics
@sportsam26
@sportsam26 Ай бұрын
Or they'll just raise the end price of the product to eat the loss since it's been shown time and again that Americans will pay the higher price. It will just increase the cost of goods
@grateful3300
@grateful3300 Ай бұрын
This is like saying trumps tax cuts were good for everyone. Except for the lower 90% those tax cuts ran out while the top 10% continues to reap the benefits for years to come.
@BlairinTM
@BlairinTM Ай бұрын
@@sportsam26 yeah... That's what I said. It's a long term strategy. They'll make more money by setting up manufacturing in America, that is a fact, but in the short term they'll raise prices.
@Ex0dus111
@Ex0dus111 28 күн бұрын
"detention camps" Detention camps are temporary, and subject to limited short term stays. When you select primarily one ethnic group and concentrate them indefinitely with no trial date on a confined area, it's called something else.
@TheLeftistLynx
@TheLeftistLynx 28 күн бұрын
I don't understand how corporations are scared of NOT inflating prices and/or paying their workers more. I can understand smaller businesses going out of business if they don't make enough money at first, but big corporations should have MORE than enough money and PROFIT to keep themselves afloat.
@RogerMullan
@RogerMullan 28 күн бұрын
In the UK you should always remember the ABCs of voting: Anyone But Conservatives
@OsamaBinLooney
@OsamaBinLooney 24 күн бұрын
every single one of those things makes me want to vote for Trump
@daxter8792
@daxter8792 25 күн бұрын
"Deal a major blow to the labor market." You mean companies might have to pay better than just enough for the government to step in and help people survive?
@elijahknox4421
@elijahknox4421 23 сағат бұрын
Does higher tariffs not just mean imported goods cost more? That will force Americans to buy American which means American companies can drop their quality while maintaining profits so American companies will fall behind other countries in quality of products which will obviously ruin the US position in the global economy
@zeyastudios-ru9rg
@zeyastudios-ru9rg 24 күн бұрын
I'm glad there's 1 unbiased news source left
@Shaso-xv3tw
@Shaso-xv3tw 27 күн бұрын
I mean it’s undoubtedly true that wages are driven down by migrants. There was the town with a meat packing plant where all the undocumented immigrants working there were arrested and the plant had to hire locals. Wages for everyone went up by a lot and the price of things only went up a little, except for rent which saw a serious drop in price.
@robertmartin6800
@robertmartin6800 28 күн бұрын
Jesus, that's all music to my ears. Protectionist trade policy, getting rid of income taxes, and mass deportations? There is absolutely no way he'll be allowed to do any of that, but it is nice to dream about fixing the country, even if it'll never happen.
@kevinskinner4986
@kevinskinner4986 28 күн бұрын
Just as a reminder, protectionist tariffs made the Great Depression worse.
@robertmartin6800
@robertmartin6800 28 күн бұрын
@@kevinskinner4986 FDR's domestic interventionism had more to do with extending the Great Depression than his foreign trade policy did, and the Depression didn't end when we embraced free trade, it ended when we entered the Second World War, but that's beside the point. The purpose of tariffs is not improving the GDP, the purpose of tariffs is protecting domestic labor, capital, and consumer goods markets from more competitive foreign markets by making them artificially _less_ competitive. Yes, when we abandoned our protectionist trade policies in the seventies our GDP _did_ skyrocket, but our domestic manufacturing industries all died, we lost millions of jobs, suffered enormous capital flight to the third world, and the domestic standard of living stopped growing entirely and has _yet_ to leave that plateau in all the years since. If we had kept our protectionist trade policies in place our GDP would probably be a lot lower than it is now, but we would all be a lot wealthier despite that. I don't understand why you people insist we keep our free trade policies in place, it's not an ethical problem for you, you're all fanatic statists, but there are no practical benefits to it for the _vast_ majority of the domestic populace either, so I just don't see the angle here. Yes, it makes bankers wealthier, yes it enables us to import vast numbers of foreigners who will vote for whichever faction let them into the country in the first place, but it _hurts_ literally everyone else.
@Ixaglet
@Ixaglet 23 күн бұрын
When you put a tariff on something, yes, the company passes on the price to the consumer. Who then chooses a different, cheaper product. So the company doesn't want that to happen, to suddenly be more expensive than their competitor, so they have to play ball with Trump
@radicalsaturday9857
@radicalsaturday9857 29 күн бұрын
I hope I'm miss reading this but Detention camps
@hamboli501
@hamboli501 29 күн бұрын
Sorry, DETENTION CAMPS!!! Perhaps this was worded poorly but that is bad. 1944 bad.
@teiyialachey
@teiyialachey 28 күн бұрын
Under Trump we had $5 footlongs. Under Biden we have $6 six inches. Bidenflation is expensive AF 🤣
@user-xh9pu2wj6b
@user-xh9pu2wj6b 28 күн бұрын
Subway discontinued $5 footlongs in 2018, during Trump's administration, you know that, right? Like, you didn't just go here to tell politically motivated lies, correct?
@dustinthewind357
@dustinthewind357 28 күн бұрын
I was in college a few years ago and would walk to Taco Bell for their $5 nacho fry box. That box deal with very comparable food is now almost $11! McDonald's raised its $1 large Coke to $1.25(possibly no free refills in some places). All groceries are up like simple canned pork and beans went from 50 cents to 1.25! Rent has skyrocketed to the point multiple of my friends with decent paying jobs had to move back in with their parents. It's so bad most older Gen Z people just can't live on their own anymore. That is undeniable inflation. Money printer go burrr! 💵💵💵🔥
@fisher9413
@fisher9413 27 күн бұрын
Detention camps !?! 😬
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