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Does Musk's thinking make as much sense as people intentionally voting for massive new taxes? Peter Navarro said that he expects Trump’s tariffs to bring in $6
by jqpabc123 2y ago
Does Musk's thinking make as much sense as people intentionally voting for massive new taxes?
Peter Navarro said that he expects Trump’s tariffs to bring in $6 trillion in revenue over the next decade.
The MAGA economic miracle is actually the largest tax hike in US history --- to be paid entirely by US voters/consumers.
Nothing about MAGA (or Musk) economics makes any sense. In the words of Warren Buffet, the tooth fairy isn't going to pay these tariffs.
- ttyprintk 2y agoA -2% effect on GDP would make that a wash. So, for Trump to satisfy Navarro, he needs to beat 2% GDP growth, which he routinely could in his first term. Biden was often double Trump’s GDP growth rate.
- jqpabc123 2y agohe needs to beat 2% GDP growth Hard to grow GDP while also working to isolate the US economy from world markets. This won't end well for most people --- but especially not for MAGA voters.