Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (1508911)	12/18/2024 12:08:07 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1572133

FC, These tariffs are designed to raise revenue for the Federal Government to offset the Trump Tax Cuts he and his crew will enact within his first two years in office. I posted this to Bonefish. The movie "Ferris Bueller" already explained why this won't work: Message 34951504 Tenchusatsu

To: Fiscally Conservative who wrote (1508911)

12/18/2024 6:37:07 PM

From: koan

1 Recommendation

Recommended By
Fiscally Conservative

Read Replies (1) | Respond to of 1572133

That is 100% correct!

Kudos on understanding it!

I tell the story of my younger daughter who is a scientist and came over Sunday. I was curious as to how many people understood what Trump was doing with the tariffs.

So I asked my daughter who is pretty sharpe and keeps up:" do you know why Trump is putting on these tariffs?

And she said without hesitating:" to transfer taxes from the rich to the poor"!!

Just another Trump scheme to cut taxes on the rich by transferring taxes to the middle class!!

But we knew he was going to raid the treasury for all he could e.g. I hear the Republicans intend to cut four trillion in taxes in the first 100 days!

And of course Trump will say they are being replaced by tariffs.

BUT what is SOOO boldly dishonest is his telling people the countries like China will pay the taxes, not the consumer!

And then we have his war on the press and enemies like Liz Cheney!!

Watch this, it will make the hair stand up on the back of your neck!

Deadline: White House 12/18/2024 | ??????????? BREAKING NEWS Today December 18, 2024

<

Trumps Tariffs will be just another 'Consumption Tax" placed on consumers of which the vast majority of are hard working Americans just trying to make ends meet. These tariffs are designed to raise revenue for the Federal Government to offset the Trump Tax Cuts he and his crew will enact within his first two years in office.