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National stock market is owned by people, but the national debt is owned (and has to be payed) by the government. Basically, the government is just milking the
by mathfailure 2y ago
National stock market is owned by people, but the national debt is owned (and has to be payed) by the government. Basically, the government is just milking the reach now to lower gov's national debt. Poorer people rather win from this (even if no manufacturers come to U.S. to avoid tariff barriers, which some manufacturers will and which will be another small benefit for the poorer (more jobs)).
- ameetgaitonde 2y agoTariffs are incredibly regressive, add in the likely job losses and wage losses, and poorer people are going to be the biggest losers.
- mathfailure 2y agoJobs are different; which jobs in your opinion are likely to be lost? I can't think of examples where less-skilled labor workers would lose their jobs as result of tariffs, other than in a case where they were a maid/gardener of some business that went bankrupt by said tariffs. Give some good examples, please, to support your claim.