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Started By
Message
An interesting video on tariffs...
Posted on 9/14/25 at 9:06 am
Posted on 9/14/25 at 9:06 am
LINK
Politics aside...
The U.S. has purportedly earned over $136 billion in tariff revenue, helping reduce the deficit and interest payments. But consumers face higher prices, disrupted supply chains, and fewer job opportunities, while retaliatory tariffs hurt exports.
A point this video brings up is the primary goal seems to be debt reduction. Given the current levels and unsustainable growth, it states tariff revenues are going to be used in part to reduce it.
While all that makes sense, you wonder ultimately what all this will mean to the average American.
Politics aside...
The U.S. has purportedly earned over $136 billion in tariff revenue, helping reduce the deficit and interest payments. But consumers face higher prices, disrupted supply chains, and fewer job opportunities, while retaliatory tariffs hurt exports.
A point this video brings up is the primary goal seems to be debt reduction. Given the current levels and unsustainable growth, it states tariff revenues are going to be used in part to reduce it.
While all that makes sense, you wonder ultimately what all this will mean to the average American.
4
Posted on 9/14/25 at 10:16 am to Nole Man
It looks like a nationwide sales tax basically, which generally very regressive. However, we have not seen it completely play out since the whipsaw of how they are implemented.
In general the higher prices are slowly being trickled down to consumers, and we should expect it to continue until margins are restored at most of the international companies.
I would like to think it is for debt reduction. However, we have increased spending so massively including the massive increase on the BBB, that basically it is slowing the increase of debt. It is not reducing the debt.
In general the higher prices are slowly being trickled down to consumers, and we should expect it to continue until margins are restored at most of the international companies.
I would like to think it is for debt reduction. However, we have increased spending so massively including the massive increase on the BBB, that basically it is slowing the increase of debt. It is not reducing the debt.
Posted on 9/14/25 at 12:13 pm to Nole Man
Hummmm........sounds like a flat tax. Everybody pays something.
Posted on 9/14/25 at 2:37 pm to Nole Man
I can believe that the tariffs are designed for debt reduction.
I can also believe that the threat of tariffs are lining Trump's pockets in some instances, like Vietnam:
LINK
I don't hate the player. I hate the corruption enabled by globalization. I saw so much of it during my years in Asia that I'm just basically numb to it now.
I can also believe that the threat of tariffs are lining Trump's pockets in some instances, like Vietnam:
LINK
I don't hate the player. I hate the corruption enabled by globalization. I saw so much of it during my years in Asia that I'm just basically numb to it now.
This post was edited on 9/14/25 at 2:42 pm
Posted on 9/15/25 at 8:05 am to Nole Man
quote:
While all that makes sense, you wonder ultimately what all this will mean to the average American.
I mean, paying off the debt might make sense if there was a corresponding cut in spending, but there isnt. Even with the tariff revenue, we are projected to produce a $2 trillion deficit this year.
Next year may not be better. It’s like asking for “comprehensive immigration reform” to stop immigration. No, you simply shut the border down.
Increase taxes without spending cuts is another way of selling you something.
And for the average American? It hurts. It sucks.
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