Are Trump's tariffs supposed to "make America rich again" or put stocks on sale for bottom feeding billionaires.

[Risky Thicket]

Are you paying attention?

lol Did he ever pay attention?

 

[Bodecea]

You seem to be making the assumption that that the rich won’t do whatever it takes to get even richer and more powerful, especially when it is at the expense of the other 99%. They are constantly consolidating more money and power, and it is always at the expense of the 99% who are getting poorer and have less power. The rich do best when they run everything, and Trump is their surrogate that they hope to use to do this. If the 1% were satisfied with what they have, they wouldn’t keep trying to get more. The tariffs hurt everyone without the resources to withstand the negative impact, but the rich vultures will be able to survive and feed off of the remains. That is exactly what investment capital companies are already doing. They feed on failing companies and make money from it. It is called vulture capitalism.

The French knew how to deal with that in the late 1700s.

 

[AZRWinger]

4. An ill advised plan to TRY and bring back manufacturing to America
The issue is twofold....one, it is a very long term plan if it would happen, and two, automation will beat him to the punch. It is already occurring in so many of the plants around the world as we speak....what will it be like 10-15 years from now.

I think i understand WHAT he and his cronies are trying to do, which is somehow bring the trade deficit into a more reasonable number. The problem is the way he is trying to accomplish said goal. We cant continue to add another trillion in trade deficits annually....America is being sold off in piecemeal as it is. But the tariffs, and the way his administration threw them out there is probably one of the worst ideas i have seen.

This needed to done through trade agreements....and one country or region at a time

Right, the solution is more treaties like NAFTA promoting the export of US jobs. In response to President Trump's tariff pressure the Chinese government concluded a phase 1 trade agreement, a major step towards leveling the trade playing field. Kim Jung Biden ignored the agreement, never pursuing a single enforcement action in the face of Chinese violations. Instead, Kim Jung Biden waived all trade restrictions on Chinese predatory green energy equipment manufacturing elevating our top adversary to the new OPEC.

The application of across the board tariffs as President Trump has done avoids the political circus of government picking winners and losers. Of course Democrats vehemently object to the Federal government not being able to create a Soviet style managed economy.

 

[CaughtInThe]

It's not about tariffs.

It's Trump's extortion scheme to get everyone to beg him so that he then has them by the balls and can get them to do whatever he wants.

 

[AZRWinger]

You seem to be making the assumption that that the rich won’t do whatever it takes to get even richer and more powerful, especially when it is at the expense of the other 99%. They are constantly consolidating more money and power, and it is always at the expense of the 99% who are getting poorer and have less power.

You seem to be making the assumption the super-rich are focused on extracting wealth from the bottom 99% who control far less of the wealth. The wealthy are said to be ruled by unquenchable greed yet focused not on vanquishing their rich rivals but on exploiting the have nots. The rich for some unknown reason are especially concerned with investing to get that 4% of the wealth controlled by the bottom 50% of the population.

The Fed - Table: Distribution of Household Wealth in the U.S. since 1989

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

The rich do best when they run everything, and Trump is their surrogate that they hope to use to do this. If the 1% were satisfied with what they have, they wouldn’t keep trying to get more.

Any political party or interest group will do best when they run everything. It's not unique to the rich.

If the 1% were satisfied with what they had they wouldn't have made it to the 1%. It's an attribute of success just as Democrat career politicians demanding we must punish success in business is a product of envy.

The tariffs hurt everyone without the resources to withstand the negative impact, but the rich vultures will be able to survive and feed off of the remains. That is exactly what investment capital companies are already doing. They feed on failing companies and make money from it. It is called vulture capitalism.

Explain how a policy of encouraging manufacturers to on shore production to the US is vulture capitalism. It's the opposite.

 

[devildavid]

You seem to be making the assumption the super-rich are focused on extracting wealth from the bottom 99% who control far less of the wealth. The wealthy are said to be ruled by unquenchable greed yet focused not on vanquishing their rich rivals but on exploiting the have nots. The rich for some unknown reason are especially concerned with investing to get that 4% of the wealth controlled by the bottom 50% of the population.

The Fed - Table: Distribution of Household Wealth in the U.S. since 1989

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Any political party or interest group will do best when they run everything. It's not unique to the rich.

If the 1% were satisfied with what they had they wouldn't have made it to the 1%. It's an attribute of success just as Democrat career politicians demanding we must punish success in business is a product of envy.


Explain how a policy of encouraging manufacturers to on shore production to the US is vulture capitalism. It's the opposite.

The fact is the rich are extracting wealth from wherever they can extract it. Since they get richer and the poor get poorer it looks like wealth does in part come from the poor. The rich stage a show for the poor having them believe there is real competition among the rich instead of collusion and cooperation that is taking place among them. You contradict you own claims of unquenchable greed when you claim they don’t have that but then point out how they became part of the 1% in the first place. It is because of their unquenchable greed and never being satisfied no matter how much wealth they accumulate or how it impacts others. The vulture capitalism is happening every day in this country as there is zero interest by the rich in bringing back manufacturing here because that costs more than what they can easily profit from by feeding off of the destruction of companies. There is no quick buck to be made from reindustrializing because the investment needed is too large and the time frame to get profits too long. Trump’s policies will not work because they are lame and stupid and don’t face the realities of the global economy. The rich don’t want it except as a means to exercise more power over the poor and to feed off of the destruction it causes to smaller companies. The big fish will keep eating the little fish and now it is easier as Trump further makes it harder for the little fish to survive.

 

[devildavid]

Right, the solution is more treaties like NAFTA promoting the export of US jobs. In response to President Trump's tariff pressure the Chinese government concluded a phase 1 trade agreement, a major step towards leveling the trade playing field. Kim Jung Biden ignored the agreement, never pursuing a single enforcement action in the face of Chinese violations. Instead, Kim Jung Biden waived all trade restrictions on Chinese predatory green energy equipment manufacturing elevating our top adversary to the new OPEC.

The application of across the board tariffs as President Trump has done avoids the political circus of government picking winners and losers. Of course Democrats vehemently object to the Federal government not being able to create a Soviet style managed economy.

NAFTA doesn’t promote the export of US jobs. The cost of doing business in the US causes this. There is no ready source of cheap labor to exploit in the US, which has nothing at all to do with any trade agreements. The playing field has always been tilted in favor of the US. Now Trump wants it tilted all the way and have the US dictate world trade. It isn’t about fairness at all, but being the big bully in charge.

 

[devildavid]

The French knew how to deal with that in the late 1700s.

It is unfortunate that the Trump presidency could lead to such a thing.

 

[devildavid]

The tariffs didn't cause any market crash. Tariffs didn't cause anyone to sell. You hit the nail on the head: "panicked sellers".

And there is absolutely no reason for anyone to panic.


Trump imposing the tariffs has nothing to do with the stock market.

The tariffs are the reason for the market crash.

 

[Yes_Minister]

Right, the solution is more treaties like NAFTA promoting the export of US jobs. In response to President Trump's tariff pressure the Chinese government concluded a phase 1 trade agreement, a major step towards leveling the trade playing field. Kim Jung Biden ignored the agreement, never pursuing a single enforcement action in the face of Chinese violations. Instead, Kim Jung Biden waived all trade restrictions on Chinese predatory green energy equipment manufacturing elevating our top adversary to the new OPEC.

The application of across the board tariffs as President Trump has done avoids the political circus of government picking winners and losers. Of course Democrats vehemently object to the Federal government not being able to create a Soviet style managed economy.

Is Canada stealing jobs from America?

 

[iguanaman]

It's not about tariffs.

It's Trump's extortion scheme to get everyone to beg him so that he then has them by the balls and can get them to do whatever he wants.

And that includes the American people who will need to beg him to keep their jobs and homes. He thinks he can become king. Meanwhile while our economy goes down the tubes he is hosting a golf tournament in Miami funded by the Saudis. He is our emperor Nero.

 

[CaughtInThe]

And that includes the American people who will need to beg him to keep their jobs and homes. He thinks he can become king. Meanwhile while our economy goes down the tubes he is hosting a golf tournament in Miami funded by the Saudis. He is our emperor Nero.

Yep

 

[Geoist]

Why tf is this moron playing this market?! As i understand it he's a trader, not a longterm investor.

 

[Fearandloathing]

The tariff induced market crash gives billionaires & insiders a way to steal stocks from panicked sellers.

Will the tariffs hold or are they a transient market manipulation that will go away as soon as the fat cats & insiders have pigged out on the carcasses of the small investors.

It's much simpler than that.

"I love the word tariff"

He told you what he was going to do. You were also informed it was a terrible idea.

No you have a trade war.

Tell me. How do you end a trade war?

 

[Lutherf]

The tariff induced market crash gives billionaires & insiders a way to steal stocks from panicked sellers.

Will the tariffs hold or are they a transient market manipulation that will go away as soon as the fat cats & insiders have pigged out on the carcasses of the small investors.

How the **** do you "steal" a stock from someone that willingly sells it?

 

[Felis Leo]

How the **** do you "steal" a stock from someone that willingly sells it?

It is stealing because it is taking advantage of people's desperation and need for cash and buying it for a price that they would not have sold it for under normal circumstances. Like some poor person selling their most treasured family heirlooms to keep a roof over their head. Or some poor woman in a third world country that was met with a natural disaster, who has a family going hungry and is forced into prostitution to feed her children.

 

[Lutherf]

It is stealing because it is taking advantage of people's desperation and need for cash and buying it for a price that they would not have sold it for under normal circumstances. Like some poor person selling their most treasured family heirlooms to keep a roof over their head. Or some poor woman in a third world country that was met with a natural disaster, who has a family going hungry and is forced into prostitution to feed her children.

OK, let's say you're one of the people shitting yourself over Musk and you CHOOSE to give your Tesla to a charity for a $500 charitable tax deduction. Did the charity steal your car? No, they didn't because that action was your choice. It isn't theft if you, of your own free will, choose to do something stupid.

Besides, if you're convinced that the market is going to crash and we're all going to be eating dirt because nobody has any money then aren't YOU the one that's screwing the buyers over because you were the smart one and got out before everything totally crashed? I mean, if you KNOW that the stock market is going back down to 500 and you sold when it was at 38,000 then aren't you the one that screwed whoever bought your soon to be worthless stock?

 

[gdgyva]

How the **** do you "steal" a stock from someone that willingly sells it?

You have panic selling, hence the prices dropping....and very little buying
I am waiting for the dust to settle but as of this morning i have 6 equities i am ready to pounce on maybe as early as tuesday/wednesday next week

and my list keeps growing

companies didnt go out of business in the last two days....

 

[iguanaman]

How the **** do you "steal" a stock from someone that willingly sells it?

Trump posted that he is "purposely crashing the markets" so you can get richer. That is telling the billionaires to just wait until the market bottoms and buy up all the stock at bargain prices. This is what Americans voted for?

 

[iguanaman]

You have panic selling, hence the prices dropping....and very little buying
I am waiting for the dust to settle but as of this morning i have 6 equities i am ready to pounce on maybe as early as tuesday/wednesday next week

and my list keeps growing

companies didnt go out of business in the last two days....

LOL Companies are about to layoff millions of workers. This is going to be a prolonged recession but go ahead throw away your money.

 

[gdgyva]

It is stealing because it is taking advantage of people's desperation and need for cash and buying it for a price that they would not have sold it for under normal circumstances. Like some poor person selling their most treasured family heirlooms to keep a roof over their head. Or some poor woman in a third world country that was met with a natural disaster, who has a family going hungry and is forced into prostitution to feed her children.

If people are desperate for cash as you say, they shouldnt be IN THE MARKET
It is not for short term gains
And if you can take the ebbs and flows, then you dont belong in the market
Panic selling helps NO ONE....i saw the same damn thing in 2008, and then two years later people were crying because they had sold after the market rebounded
If you need your money, put it in the bank....and draw the 2-3% and feel safe at least

I dont feel sorry for those selling again......they should have learned after the last few times

 

[Lutherf]

Trump posted that he is "purposely crashing the markets" so you can get richer. That is telling the billionaires to just wait until the market bottoms and buy up all the stock at bargain prices. This is what Americans voted for?

OK....hear me out on this....the whole reason people are panic selling their stock is because they KNOW the stock is going to be worthless in the near future. That means that the people buying the stock are blithering idiots because if you spend money on stuff you KNOW has no value then you're shooting yourself in the foot. You people on the left, being the smartest and most intuitive people on the planet, totally understand how all this works and your take is that if rich people buy this stock that's going to be worthless then they just get wealthier....and you figure that makes some kind of logical sense.

Maybe it's time for a whole lot of you to take a step back and contemplate the basis for your outrage.

 

[gdgyva]

LOL Companies are about to layoff millions of workers. This is going to be a prolonged recession but go ahead throw away your money.

really
so Coca Cola is going bk heh?
Or Proctor & Gamble?
Or Sysco?
Or Nvidia?
Or Pepsi
Or Heinz?

I guess we just need to go lay down in the basement in a fetal position, and hope the world ends huh?

Maybe you see the world that way....but those companies, and many many more will still be doing business today, tomorrow, and next week. And earning money doing so....And that is how the world of capitalism works....you can make a little money by owning a small part of each, or you can do what some others are doing, sell everything....and lose whatever gains you had, and hope like hell you have enough sense to get back in at some point

Your choice....i know which way i am going.....and i have no qualms doing so

 

[iguanaman]

OK....hear me out on this....the whole reason people are panic selling their stock is because they KNOW the stock is going to be worthless in the near future. That means that the people buying the stock are blithering idiots because if you spend money on stuff you KNOW has no value then you're shooting yourself in the foot. You people on the left, being the smartest and most intuitive people on the planet, totally understand how all this works and your take is that if rich people buy this stock that's going to be worthless then they just get wealthier....and you figure that makes some kind of logical sense.

Maybe it's time for a whole lot of you to take a step back and contemplate the basis for your outrage.

Some people can't afford to lose 50% of their money in a week and wait years for a recovery. To billionaires it is just another day. BTW some of these companies are not going to survive this deep recession we are heading for and their stock will be worthless. Again it will not worry the billionaires. Trump has again made false promises and threats to get elected....

It was just five years ago when Donald Trump, worried about a re-election race he would ultimately lose, warned that his defeat would lead to economic ruin. In fact, with just a couple of weeks remaining before Election Day, the two major-party nominees faced off in their final debate, which included a rather specific prediction.

“They say the stock market will rule if I’m elected,” Trump said, failing to identify who “they” might be. He added, in reference to Joe Biden: “If he’s elected, the stock market will crash.”

As it turns out, the Republican had the right concerns, but the wrong presidents. The major Wall Street indexes fared quite well throughout Biden’s term in the White House. Unfortunately for everyone, the Democrat’s Republican successor can’t say the same. NBC News reported:

The broad-based S&P 500 had fallen 5.5% as of Friday afternoon. The tech-heavy Nasdaq also dropped 5.4%. The Dow Jones Industrial Average fell more than 2,000 points, or about 5.1%. The Russell 2000 Index, which tracks the stocks of smaller U.S. companies, dropped by 4.6%.

We are not, of course, talking about a one-day sell-off. On the contrary, a day earlier — the day the White House unveiled its highly controversial policy on trade tariffs — the S&P had its worst day since the early days of the Covid-19 pandemic. The Nasdaq Composite is now down 22% from its high in December, and the S&P 500 is about 17% off its high in February.

Amid the downturn, the president — who left the White House for a Saudi-backed golf event in Florida — wrote to his social media platform, “MY POLICIES WILL NEVER CHANGE.”

https://www.msnbc.com/rachel-maddow...nted-discredited-campaign-promises-rcna199774

 

[craig]

The tariffs didn't cause any market crash. Tariffs didn't cause anyone to sell. You hit the nail on the head: "panicked sellers".

And there is absolutely no reason for anyone to panic.


Trump imposing the tariffs has nothing to do with the stock market.

Why is Trump negotiating in public. That allows rampant insider trading.