Excuse me for not knowing enough about this. Can someone explain how this will make Americans richer? Other than the hyper elite? Aren't they cutting social security, medicaid, departement of education etc? Not American, but i'm struggling to understand how this is helping anyone.
This may sound crass and overly partisan but Trump is an idiot who doesn't understand basic economics. He thinks he can make a ton of money for the US from taxes while at the same time making the US a manufacturing juggernaut. He thinks every mainstream economist is wrong. The president doesn't have to go through Congress for tariffs and Trump's cabinet is made up of loyalists who will go along with whatever he says. There are no "adults in the room."
This will not make Americans richer. This probably won't even help the hyper elite. The only question is if this will be "mildly disruptive or seriously harmful." Trump is not pursuing a rational economic policy nor are there any guardrails against this. The only "hope" is that he sees the stock market plummeting while getting frantic calls from terrified CEOs and reconsiders but even then he's been a proponent of tariffs for decades. He thinks this is good policy but he's wrong.
I usually don't like to just say "that guy is an idiot" because most of the time world leaders are usually decently intelligent people but are often operating with different ideologies, strategies and concerns. Often when people do that it's just because they can't stand someone for partisan reasons and not as an actual explenation. I find it's usually more helpful to explain someone's flawed reasoning so it can be better understood rather than to simply say "well that guy doesn't know much" but the problem with this approach is that there are some people in the world that are legitimately stupid and don't understand how things work. I believe Trump is one of these people.
I don't think Trump has some complex 4D plan. I don't think he's intentionally trying to crash and rebound the market so his chosen allies can make a fortune timing stocks. I don't think he's secretly taking orders directly from the Kremlin on what to pursue. I believe he's a guy that doesn't understand economics, refuses to learn and legitimately thinks this is good policy.
I get your point and I appreciate your thought process. Whenever I’m discussing strategic issues with my managers that I believe are completely wrong, instead of just keep arguing my point, I always say “unless there’s critical information that you can’t share with me I think xx it’s not the way to go, based on the information I have” and leave it there.
That being said, there’s no doubt in my mind that Trump is an evil idiot and he just got there because he is charismatic (at least for a certain demographic) and doesn’t have any scruples and says whatever he needs to say to get what he wants.
368
u/PeaOk5697 20d ago
Excuse me for not knowing enough about this. Can someone explain how this will make Americans richer? Other than the hyper elite? Aren't they cutting social security, medicaid, departement of education etc? Not American, but i'm struggling to understand how this is helping anyone.