Quote:
Originally Posted by MelBridgeman
Tariffs the latest boogie man...
When it comes to inflation and higher prices, the concern is food and energy costs, which the US is self sufficient in for the most part. So tarrifs will have little effect. Bring down energy costs and you bring down the cost of food and other things.
If you buy your stuff second hand ect, which "i would imagine most of those fumbling peasants who voted for Trump do"... no effect there either.
So i am not sure that Tariffs have the effect those who are gas lighting about it think it does.
And i am no fan of tarrifs for the most part.
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This is stupidity on a new level. Well done Mel.
Tariffs ARE a mechanism that causes inflation, as they are costs passed along to the consumer through price increases. Anything that is imported from China is going to get slapped with a tariff, meaning everything at Walmart and Target, where most Americans shop, is going to be more expensive.
Ah, but don't worry. You'll be able to buy things second-hand and not feel the effects of inflation! Again, another MelBridgeman bobble of brilliance that shows he has no grip on the topic of economics.
Also, energy and food are the primary drivers of inflation! Well, with the anti-immigration policy and the hopes of deporting 20 million undocumented people, that is also going to cause inflation. If you don't have that source of cheap labor, what impact does that have on prices and the availability of food?
https://www.americanimmigrationcounc...ss-deportation
For the TLDR set, like Mel, here's a quicker read.
https://grist.org/food-and-agricultu...-labor-supply/
The downstream affects of such policy are also going to greatly detrimental to social security and medicare. The loss of this revenue stream of people who can't access such programs is going to be huge to the large number of Americans who do use them.
https://www.marketplace.org/2019/01/...nd-receive-no/
https://pmc.ncbi.nlm.nih.gov/articles/PMC9647478/
It's almost like MelBridgeman is talking out his ass?