“Remember tariffs are a tax, and they’re primarily a consumer tax,” Scaramucci added. It’s “a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is the poor people — it eats up more of their disposable income than any other income group.”
“Tariffs are actually — we’ve had a lot of experience with them. They’re an act of war, to some degree,” Berkshire Hathaway (BRK-B) CEO Warren Buffett said in a new CBS News interview on Sunday.
100% will, and it’s already starting. Crypto scams ain’t gonna save you now.
Crypto scams ain’t gonna save you
The crypto scam is supposed to enrich the scammers, not anyone else.
He already fucking is. Look at the markets. The Trump Slump won’t stop, and the recent volatility in the markets is 100% due to him and his administrations dumb fucking mouths and actions. Hmm, you know who would love to see the US in a recession? Our enemies, and billionaires (who are also our enemies). To them it’s just a good time to buy the country.
Trump is straight up a fucking traitor. His death will be violent, and beneficial to the American people, as will Musks.
When rich capitalists tells you it’s bad for the economy and for the poor, you know shit’s in over the deep end.
Warren Buffett is a rich capitalist, but he’s been around long enough to know he needs an economy to leverage, long-term. He’s not first in The Purge, but he knows it’s gonna ruin his comfy routine and I bet he’ll work to preserve that.
I thought that was the plan? Kinda what they rambled about at all those rallies.
Doing my part to help fuck the US economy. I never bought much American stuff in the first place but maybe a couple things I can avoid.
More like a depression because our unreliability is likely to kill the US dollar status as the world reserve currency.
It’ll be the greatest depression
Unironically that might wind up its historical name which would be really funny. The thing people often brush off is that history is written by the historians, so don’t piss them off too much if you care about legacy
These dipshits are gonna hire their own lackeys to write it. If they don’t care what we think now, they aren’t going to worry about what historians will think later.
They use recession because they’re afraid of using the big D and admitting that we’ve had several since, like in 2008, which was only not a depression on what is effectively a technicality, IIRC.
“Remember tariffs are a tax, and they’re primarily a consumer tax,” Scaramucci added. It’s “a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is the poor people — it eats up more of their disposable income than any other income group.”
Sounds pretty intelligent for a guy who couldn’t even last a Truss in public office.
I was quite surprised by how frank and factual he was there.
The worst part is MAgGAts will just say it is the growing pains their god king mentioned.
To me it seems as if the plan is to make it worse for the average person, up till a point that it is almost unbearable. Then spin the narrative blaming the other countries for the situation. Get the base riled up (history has shown that that is quite easy to do). Declare martial law and “expand” American territory.
-> No elections during war time?
Ah, just thinking out loud here. Probably overreacting…
Other countries? We have plenty of minorities here to genocide first, or at least in tandem!
Definitely in tandem; once you’re at war, you can round up the local undesirables as spies/enemy sympathizers/etc
I seriously question the “may” in this argument. I offer a strong “will” as alternative.
tariffs + increased tax for low income, the poor in US will be really fucked
Oh look, once they don’t work for Trump anymore, they suddenly remember how these things work.
Buffett has never been pro-Trump that I can recall
I was talking about Scaramouche-Scaramouche-will-you-do-the-Fandango
…by Wednesday!
Hey! That’s tomorrow!
This spoke The Mooch
As if we haven’t been here for the last several years, He’s just going to make it worse.
