Quote:
Originally Posted by Cecil Terwilliger
Gee I wonder who is going to swoop in and buy up a bunch of fledgling companies who are hurt by tariffs. Could it be the billionaires that control the US government? And I wonder what will happen after those billionaires own those companies. Maybe the tariffs will go away and now the billionaires will have bought successful businesses for pennies on the dollar.
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Perhaps - I think that the fact that he has mused about doing away with personal income taxes seems to suggest that there are other ways that the government can collect revenue and tariffs are a very regressive monetary policy that will really hit those who are low income earners the hardest. Which incidentally are his base and those who live in the worst parts of America.
It is too bad that we are so economically attached to that country due to geography. Maybe this will serve to curb American consumerism as prices start to rise.