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TAX ticker on board only one in green right after BBB passed. Every other ticker = fukt. LOL
I assume TAX is on the board because we’re taking so much about tax… right?
SPY TAX BULL WTF TESLA Never had I seen such an accurate summary of the casino
Tax breaks for the rich: BESSENT ON THE TAX BILL: 'THIS IS A DEAL FOR WORKING PEOPLE'
NEW: A 2nd Amendment TAX HOLIDAY is Announced by Florida Governor Ron DeSantis. September 8th through December 31st, no taxes on firearms, ammunition, and more 🤣🤣🤣🤣
$BULL removed $TAX added
wtf is TAX stop this nonsense
CANADA RESCINDS DIGITAL SERVICES TAX, SAYS TRUMP AND CARNEY HAVE AGREED TO RESUME TRADE NEGOTIATIONS - Bloomberg
What’s TAX? I never heard of that lol
Canadian. I pay for Netflix and the government charges me 13%. How is this different? This is so frustrating. I’m proudly Canadian, hate almost everything about Trump, but you have to stay objective. WE DON’T PLACE CORPORATE TAXES ON FOREIGN COMPANIES! WE TAX THE PRODUCT HERE! Good lord, I’m all for taxing the rich, taxing the giant corporations, but this looks bad at a time of negotiations.
Yes. He acknowledged that Canada used the CORECT word: TAX.
There!!!! A TAX!!!! He knows!!
TRUMP ENDS TRADE TALKS WITH CANADA, CITING DIGITAL SERVICE TAX Lots of silly geese here
That’s the real kicker! You said it without even knowing you said it. The politicians in charge or government spending are on $250k salaries. How did they amass $10mil+ net worths? THEY ARE TAKING OUR TAX MONEY, and funneling it through NGOs that they manage and launder money back to themselves. They spend more than the government earns because it doesn’t matter to them! Their goal is to widen the gap between rich and poor. For the average American, it does matter, but for the ultra wealthy, America doesn’t matter. Why? Because when you are ultra wealthy you have the ability to enjoy all of earth. There are far more beautiful places than we have in the states. They will disperse through the world while America sinks. That IS there goal. It’s not a byproduct. We, the American citizens, are the only people standing in the globalists ways of getting what they want.
I will buy a share to study, I love the new APP my GF lost weight using App so I’ll add to my 227 positions I manage in my 3 accounts with different TAX Implications
"TOO SENILE" DONALD IS SPOUTING OFF AGAIN TRYING TO GET PEOPLE TO COVER FOR HIS BLUNDERS!! This statement is FULL OF LIES and INFLATION IS UP! TARIFFS are an UGLY thing, and are a TAX ON AMERICAN CONSUMERS!! Thank you for your understanding.
None! You don't have to do anything now or later since it's in a ROTH. Tax free really mean TAX FREE the whole point of a ROTH. Buy and chill... :)
execute order 1 minute after BBB passes: TRIPLE TAX ON TIPS ACT
I don’t hate Israel. I don’t hate anyone. I just feel better when they aren’t around and TAKING MY TAX MONEY AND NOT GETTING ANY ROI
SENATE GOP TAX BILL ENDS EV TAX CREDIT 180 DAYS AFTER ENACTMENT Good
Its not. Tarriffs are an IMPORT TAX. The people who pay the tax are the AMERICAN importers which cuts into their profit margins, and those importers pass that tax on to the customers in order to maintain their profit margins. In fact, places like Walmart operate on such low profit margins that they have no choice but to pass on the full 55% to consumers... So Trump's "deal" just made everything that comes from China 55% more expensive for americans
To drive home the point that Americans will now have to pay an additional 55% TAX on Chinese imports so that American billionaires can enjoy even more tax breaks.
THEN WHY DO WE STILL HAVE TO PAY A 55% SALES TAX??? Yes, I'm yelling.
Clown states we are “getting 55% tariffs” when the reality is that we will PAY a 55% TRUMP TAX on goods from China. THANK YOU FOR YOUR ATTENTION IN THIS MATTER.
Thank you sir for your efforts to get this country back in track and for sending the needed military to Los Angeles. My current leaders have ZERO competence or understanding of what the majority of California's what or need from our local government. The budgets for the state and Los Angeles are out of control with Zero accountability. PLEASE can you stop Gaven Newsoms Law suit BEFORE he's spends our TAX dollars on his political agenda instead of no things the MAJORITY of California's WANT/NEED! 🤑Thanks from A CALIFORNIA REPUBLICAN!!I🙏
Uhhh yes it is. The Port fee is a fee going from the import business to a Govt Agency which as yet, has no mandate or proof of responsibility. To take it its logical conclusion, the End User (You) is paying more for your item and paying zero tax. The Business is responsible for "collecting the tax" and paying the Govt, while charging you more in order to recover the "tax"....and can also pay / lobby / agree a carve out from tariffs if they play to the Govt's agenda of the day / week/ month. It is then up to the Business if they pass that carve out saving on. Ultimately, the Business is the only party that has sway with potential Govt policy, spending and direction, ass they are the ones paying TAX. You, the End User does not pay any tax so why would a Govt listen to you when you have zero input to the system. Be careful what you wish for.
"OUR PEOPLE WILL BE PAYING ME 55% IMPORT TAX, THEIR PEOPLE WILL BE PAYING 10% IMPORT TAX, WE ARE WINNING!" Trump probably
Uh. So we are paying a 55% TAX for minerals only available in quantity from China. So a massive tax on US manufacturing it is? Great deal for who? It's a play for leverage. If you want to run manufacturing in the US, you've got to kiss the ring for special treatment.
The thing is - do you REALLY "get to decide" when you HAVE to buy something that has been tariffed? There are many, many goods that the American consumer HAS to buy. 🙄 Not to mention that tariffs are a TAX that effects the lower income citizen at a much higher percentage of their income than they do a higher income person.
Billions pouring in from everyday Americans........ It's a FUCKING TAX
TRUMP HAS SHOWN WILLINGNESS TO LOWER THE $40,000 SALT DEDUCTION CAP TO HELP SENATE REPUBLICANS ADJUST THE TAX BILL'S COST The house will go ape shit
Basically you are talking about passive income investing. you invest your money in that generates more money without you doing anything. Its is often called dividned investing, A company pays out a portion of their profit out to investors in the company. So you buy the company stock and hold it and collect the dividned payments. The dividend ammount (yield) is expressed as percentage of the share price. You can easily get yield from 0 to 10% or more But beyond that the yield become variable and the company may eventually stop paying. So risk goes up as the yield increases. For example say you created a portfolio that acccumulates dividends and reinvest them and let it build up you could get a steady stream of income from the investment. Then if you get disabled you will still get money comming in that can be used to cover expenses for your care. That is basically all insurance is. Now one correction it won't be tax free. When you buy policy from an insurance company they take your money and invest it. the insurance company uses the income they pay taxes and take a portion of it for their expenses. So as long as you don't need the money it is tax free to you. but as soon as you start collecting you will owe taxes on the income. unless you can deduct the the expenses in your taxes. Currently I get 5K a month from dividends and use 4K to cover living expenses. And reinvest 1K to slowly grow my income Now I am 55 so I have to use a taxable account to do this. But if you used a Roth retirment account you could build ups the account while you are working and pay no tax. When you retire at age 60 you can live off of the dividend income TAX FREE for the rest of your life. And if you have enough income you could cover disability care. All without the expenses and restrictions that come with insurance products. However the problem is that many people never build up an investment protfolio large enough to generate enough income to make insurance products totally unnecessary. the book The Income Factory is a good book on this investeemtstyle and the author list 68 funds he has used in his portfolio plus portfolios he mangles for friends. Armchair Income on youtube is also a good source of information on this
I definitely did not. I said TAX RATES AND TAX REVENUE DO NOT CORRELATE. I definitely didn't say tax revenue goes up due to tax breaks. I am not sure HOW you infer that. That WOULD be a correlation. An inverse one in that case. I can find you instances where revenue went UP during tax increases, and also DOWN. They don't line up at all.
Paying down your mortgage is like investing at 6.99% guaranteed TAX FREE. If you can beat that, then invest elsewhere. As to liquidity, you can get a home equity line of credit which costs you nothing as long as you don’t use it. Best choice
US HOUSE SPEAKER JOHNSON SAYS MUSK'S COMMENTS ON BILL ARE ‘VERY DISAPPOINTING’ || SAYS MUSK IS 'TERRIBLY WRONG' ABOUT TAX Infighting. Grab popcorn and a seat.
But if you lose it then there goes everything and you can’t put it back. But if you had it in the brokerage account, you could make up your losses if you ever have too. Also any loss in a Roth IRA cannot be TAX HARVESTED.
No change in tariffs from here => SP500 @ 7K EOY Crippling tariffs 30% on noth China & EU => SP500 @ 8K EOY Complete full r-tard embargo tariffs 50%+ on china + EU => SP500 @ 10K EOY AKA "climb the all of worry" aka stonks always go up AKA BTFD AKA TAX/RATE CUTS BRUH I have increased my dry powder but never sell my core positions.
OH THANK YOU SIR FOR RAISING THE TAX ON STEEL AND ALUMINUM! We shall rejoice in paying it! /S
GHEY BEARS ARE FLEEING TO BURMA WHERE THEY'RE USING TAX PAYER DOLLARS TO PUT CHEMICALS IN THE WATER TO TURN THE MICE TRANSGENDER. BUT I TURNED ON THE COPPER COMPUTER AND WE'RE PUTTING A STOP TO IT 
> You’re eventually going to have to sell the shares and pay the tax man, so what does it matter whether which shares you sell as long as you sell the same values worth. If you were to sell a 2 million dollar position today that you had a cost basis of 200,000$ on in order to diversify it would be considered $1,800,000 in income and you would immediately lose 20% of to capital gains tax, and another up to 12% depending on what state you live in. If you were to hold on to that position indefinitely, and then live off of selling maybe 100,000$ a year or less, each chunk of that money would get the LOWEST TAX TREATMENT POSSIBLE. So yeah you have to pay the tax man eventually, but by deferring taxes you are given more time for your nest egg to grow, and with the possibility of minimizing taxes later by selling less per year.
GOOGLE ON GERMAN TAX… they pull back?
No president has ever implemented sweeping tariffs on all products and all countries. Tariffs are an import TAX. Taxes are supposed to be approved by congress. You’re in a right wing echo chamber that is lying to you. Please do some unbiased research and wake the fuck up.
GERMANY PLANS 10% DIGITAL TAX ON U.S. TECH GIANTS 
Meanwhile I had to pay the DUMP TAX yesterday on a pair of shoes I ordered online; made in Vietnam. Of. Course. THEY. PAID. FOR IT. MY. ARSE!!!!!!!
PISS ON ANY COURT or JUDGE that interferes with Trump performing the demands of WE THE PEOPLE! TO HELL with liberal bleeeding heart brainlesss treasonous commifag SCUM that is the USELESS DEMORAT PARTY and indeed also any RINO tRAITOR SHITBAG that votes with demorat FILTH!!! WE THE PEOPLE VOTED FOR PRESIDENT TRUMP & I as a citizen DEMAND TRUMP BE TOTALLY FREE TO DO OUR WILL!!! SECURE OUR BORDERS & DEPORT ALL ILLEGAL MIGRANT LEECHES AND THIEVES OF OUR HARD EARNED TAX $$$ NO EXCEPTIONS!!! IF YOU ENTERED MY USA ILLEGALLY DURING TRAITOR BIDENS CRIMINAL TENURE & WERE PART OF THE INVASION THAT JOE PERPETRATED YOU ARE A CRIMINAL PERIOD!!! GTF OUT NOW!!!
a tariff is an import TAX. and it's a tax paid by American companies and passed on to consumers and is essentially a regressive tax penalizing the middle and lower class. And the funny thing is, around 50% of Americans don't even pay income taxes, but they will pay this regressive import tax. So, basically they are getting backdoored and the tariff revenue is actually going to reduce taxes on the wealthy...
did you explain to him that a tariff is an import TAX. and it's a tax paid by American companies and passed on to consumers and is essentially a regressive tax penalizing the middle and lower class?
VAT taxes. Same issue came up with Canada. He wants US goods to be sold free of SALES TAX outside the US. Fucking hell, even INSIDE the US they apply sales tax on US goods. It's insane.
This argument is the fucking dumbest argument anyone has ever made and every time I hear someone say it I think….you can’t possibly be that stupid…….right? ITS BECAUSE THEY MAKE LESS INCOME!!!! I mean common that’s like saying “well you know the sales tax on $1 is less than the sales tax on $100.” No shit it’s less because theirs less money TO TAX! Or like saying “gee that gum all machine isn’t making enough money for this grocery store the meat making way more revenue” The upper rich pay the most tax revenue because they make the most income!!!! Let me say it another way…….We don’t tax PEOPLE we tax INCOME! The reason the pay less is because cause they make less! 🤦♂️common people it’s simple fucking math!
BESSENT: WRONG TO THINK BONDS ARE SELLING OFF ON TAX BILL BESSENT: NOT WORRIED ABOUT US DEBT DYNAMICS 
The Major tax cut is about to PASS!!! Why did you sell it??? Huge SALT TAX deductions up to $40K for business and state properties tax. It already passed the house. It is going to be Super Bullish!!! You are too easy to manipulated by Anti-Trump and Anti-American propaganda!!!
US HOUSE REPUBLICANS SET PRE-DAWN THURSDAY VOTES FOR SWEEPING TRUMP TAX BILL Bonds saved. Dollar saved. Ber ded.
President Trump is trying to TOTALLY ELIMINATE INCOME TAX YOU ARSEHOLE! The Criminal Democrats are the ones Fighting it!
🥭 ALTERNATIVE TO NOT PASSING TAX BILL IS MASSIVE TAX HIKES
List the tariffs on the bill as the TRUMP TAX ON BUSINESS.
JUST TAX THE CORPORATIONS JFC. Doing everything is his power to raise income from corporations except for raising taxes
TAX CUTS and bump up spending!
>US TRSY BESSENT DISMISSES MOODY’S, SIGNALS FIRM TARIFF STANCE AND REGIONAL DEAL PUSH: “I DON’T PUT MUCH CREDENCE IN MOODY’S” AND CALLS IT A “LAGGING INDICATOR” || |CONFIRMS SATURDAY CALL WITH WALMART CEO; SAYS WALMART WILL ‘EAT’ SOME TARIFF COSTS || EXPECTS FASTER GDP GROWTH THAN DEBT UNDER TAX BILL You have no deals. I have no confidence in you. These are tariffs for debt service that are designed to fail and will only induce a depression and further hyperinflation. Walmart has 3% margins you fool no one.
>BESSENT, ON TAX BILL: WE WILL GROW GDP FASTER THAN THE DEBT -CNN Via dollar hyperinflation
You're right, I'll stop blaming tariffs. I'll just blame TRUMP. It's all TRUMP's fault, Walmart is going to raise prices because of TRUMP. They should put a TRUMP TAX line on their receipts.
HOW DARE YOU RAISE THE PRICES AFTER I IMPLEMENTED TARIFFS WHICH ARE A TAX ON THE US CUSTOMERS? Trump is fucking embarrassing and delusional.
Yeah poor rich people need to earn less money... TAX THE RICH BUT NOT MY BILLIONARES /Reddit logic
So the corporations should just absorb the tariffs? Wouldn’t that be like a, what do you call it? A TAX! /s Why not just raise taxes on the 1% and corporations instead of tariffing our allies and alienating them, throwing THE WHOLE WORLD ECONOMY into a tailspin, creating supply chain issues, bare shelves and unemployment??!!??!? There’s a thought. And I’m not even an economist or a president 🤷🏻♀️
Trump should EAT THE COST OF HIS PARADE. Trump should EAT THE COST OF SECRET SERVICE STAYING AT HIS HOTELS TO PROTECT HIM. Trump should EAT THE COST OF THE RICH TAX BREAK NOT RAISE 4.5 trillion tax limit
Maybe he should, I dunno, TAX them more?
"THEY ARE NOT EATING THE TARIFFS! THEY ARE NOT PASSING MY TAX BILLS! THEY ARE ..wait? These are Republicans? In that case BIDEN ruined the economy and he was old!" Smh
Also... THEN WHY NOT JUST TAX THE CORPORATION ITSELF. Fuck me!! They want progressive policies, they just don't want to call them that.
Reddit - TAX THE RICH! *Trump tax the richest* Reddit - BUHU NOT MY POOR RICH! HOW WILL THEY SURVIVE! THEY WILL JUST PUT THE BURDEN ON THE CONSUMERS!
USA should stop trying to blame global trade as the reason for raising tariffs through the supply chain. The USA made TRILLIONS of dollars last year, far more than expected. Between the USA and other countries, they should, as the saying goes, "AXE THE TAX" and not charge Canadians ANYTHING. I will be watching and so will other Canadians.
DONT WORRY!! BE COOL! TAX CUTS COMING! NO TAX ON TIPS *the Wendy’s worker who can’t accept tips:* 
>WE NEED TO CUT MORE SOCIAL SERVICES TO OFFSET THE TAX BREAK FOR BILLIONAIRES 
Is it superior? Not always.. but as with any investment diversification, TAX optimization also needs to be considered. Tax avoidance is basically part of life when you have sizeable $$ income. That is where Roth comes in as one of your TOOL. The point is.. you shouldn't be limited to one type of tax advantage retirement account. If possible, maximize 401k and Roth and also have brokerage accounts. This will give you maximum freedom NOW and pay tax how you wish later on in life when you are no longer working. PS..having Roth and brokerage.. you can easily move pretax 401k to Roth at your own page prior to RMD age.
Guaranteed, the TRUMP TAX will make us all poorer by year's end.
My angst is because you claim to have experienced and knowledge… but then make statements that are either wrong, or at least misleading. For example, you just said, “a tariff is an expense to the consumer like a tax.” No, a tariff is not “like” a tax, a tariff IS A TYPE OF TAX. Google it. The way you word it, you make it sound like a business expense and seem to distance it from being a tax, when it literally is an extra tax. You also make statements like, “needless government positions”… but then reveal in a different comment that you don’t know if the cuts were efficient or not! I don’t know anyone who wants higher taxes or wants to see needless government spending. And to your point, there are many differing opinions on what we want the government to do or not do. My point is to then discuss those issues. But to defend DOGE’s cuts to the government… claiming that they eliminated needless waste… when the reality is that DOGE’s cuts were not researched and themselves were very inefficient! You claim efficiency is important, but then applaud the most inefficient action taken. From reading your comments, you seem to dive into the details when it fits your narrative, but then quickly switch to a very broad brush and downplay… or perhaps even ignore the details that should really matter.
>BREAKING: TAX BULL DOES NOT INCLUDE EXEMPTION FOR TIPS King bullshitter
>REPUBLICAN TAX BILL RAISES DEBT LIMIT BY $4 TRILLION Tariffs for debt service and they still have to raise the cap Bigly fucked, they are.
Can we all just start calling it what it is? THE LARGEST TAX INCREASE ON AMERICAN CONSUMERS IN OUR LIFETIMES!!! 10% TAX ON ALL GOODS FROM ALL COUNTRIES. 30% TAX ON ANYTHING FROM CHINA. Where's all the Fox news hosts heads exploding from this "big government" tax increase? Where's all the outrage?
I need a place to rant about conservative minds real fast because they really think this was a “win”. A win how? The entire point of the tariffs was to reduce americas reliance on chinese goods, and bring manufacturing jobs to the USA. With the 145% tarriff that did not signal alarms for companies to start shifting manufacturing to the US and was quickly turning into a shelves are empty scenario. Not only did we not bring manufacturing jobs to the US, not only did we not refuce reliance on chinese made goods, we are now going to TAX american consumers at min 30% (itll increase cuz business need their profit margins) which is higher than biden era. America got their asses handed to them on this whole month long event and youd think that they were the victors based on how conservatives are acting. So much winning yet, america lost in every aspect
CAR LOAN TAX DEDUCTION lolololol does the congressional red team know about this?
TARIFF'S ARE A TAX! What wasn't working for you? Stock market highs? Low unemployment? What is the point of your sacrifice? What are you expecting to gain? And yes, I can blame Trump for all the above. He's literally using his job to profit billions off of you and me.We're far beyond Clinton getting $200,000 for a speech or Obama getting a book deal.
Lol where is the win? The tariff went up and then came somewhat down... There's no win here, it achieved nothing.... Like say an iPhone cost 1000 before, then it went to 2000, you didn't buy it because it's too expensive. So then they reduced the price to 1300... Is that a massive win for you? Are u gonna run to the store to buy the 1300 iPhone that was 1000 previously? A reminder, the 30% tariffs are PAID BY AMERICANS to import from China. It's literally a TAX from the US GOVERNMENT on AMERICAN IMPORTERS, which gets passed to the AMERICAN CONSUMER
WOWEE ONLY 54 PERCENT TAX (TARIFFS) ON Americans for foreign goods! WHAT A BARGAIN
WE WILL NOT PAY THR TRUMP TAX. Time for the 99% to start acting like the 1%.
Trading would be impossible if you were taxed on the $100k win - your profit the end of the year is all that matters - all the more reason to not mess with options and just stack stocks and then borrow against them TAX FREE whenever you need capital
I actually tried to post a detailed response that got blocked by Reddit… maybe because I mentioned a certain president. I didn’t use any nicknames or bad language. LOL! Here’s part of my response. “Major credit downgrade” for the US is unlikely mainly due to how credit ratings are US centric. The credit rating agencies: Standard & Poor's (S&P), Moody's Investor Service (Moody's), and Fitch Ratings, are intricately tied to Wall Street and the US Treasuries. Everybody talked about a “major” credit downgrade in 1987 and even more in 2008. Neither time did it happen. In fact, the US didn’t even experience a downgrade in credit rating during the Great Depression. Credit is relative. It’s not as pure as most believe it to be. The federal reserve knows that what’s happening is not a product of normal economic cycling and therefore, can’t be resolved by mere manipulation of interest rates, which is long term weapon. The current US administration is trying to devalue the US dollar to make refinancing of the federal deficit easier at a lower interest rate. The biggest mistake here is that the federal reserve must keep inflation and unemployment in check. If inflation rises, the only weapon the federal reserve has to moderate the situation is to INCREASE interest rates, but this slows economic growth and tends to increase unemployment. LOWERING the Fed fund rate to lower interest rates would increase the monetary supply, increase inflation further and takes a long time to stimulate the economy (years). This is not a monetary supply problem in the US and Powell knows it. This is the largest TAX increase in US history.
So, I am "anti-American" because I see that a massive tariff TAX on US importers will lead to higher prices and inflation? By the way, tariffs are a regressive tax,which harm the poor and working class disproportionately, who are the very people Potus is claiming to help.
Boys boys you all can keep getting mad..but states will start rolling out a NO INCOME TAX ON CAPITAL GAINS bills very soon.Within next 5 years 50% of the state will have a no income tax on capital gains.You will fucking do nothing about it.Get rich or perish.Are you not on this forum to get rich the easy way..you fucking hypocrites
By the time day one donny shows his hand we'll have reverse tariffs where we don't even pay the US government the **IMPORT TAX** and instead send the tariff directly to china.
is rambling about some absolute nonsense today. Can't believe people look up to this piece of shit. What the fuck is this? THE PROBLEM WITH EVEN A “TINY” TAX INCREASE FOR THE RICH, WHICH I AND ALL OTHERS WOULD GRACIOUSLY ACCEPT IN ORDER TO HELP THE LOWER AND MIDDLE INCOME WORKERS, IS THAT THE RADICAL LEFT DEMOCRAT LUNATICS WOULD GO AROUND SCREAMING,“READ MY LIPS,” THE FABLED QUOTE BY GEORGE BUSH THE ELDER THAT IS SAID TO HAVE COST HIM THE ELECTION. NO, ROSS PEROT COST HIM THE ELECTION! IN ANY EVENT, REPUBLICANS SHOULD PROBABLY NOT DO IT, BUT I’M OK IF THEY DO!!! - Mango
WOULD GRACIOUSLY ACCEPT 'TINY' TAX INCREASE FOR RICH Why he like that… tiny tax energy
Please say it correctly. Slapping a 10% TAX on Americans where before there was a 3,3%(or so) tax is so much winning that we mere mortals don't have the mental abilities to understand it!
Why would the UK agree to lower its tariff when the US will hit then with a 10% TAX anyway?
We all know how obsessed 🥭 is with trade deficits. He thinks this means countries are “ripping us off.” This is not the case. It simply means we buy more goods from them, than they buy from us. Take Sri Lanka for example. This country has 1/15th the population of the US. The GDP is 85 billion for Sri Lanka and 27 trillion for the US. The cost of living/labor there is also magnitudes less than here. WE BENEFIT from this by importing cheap goods since we have more wealth/higher cost of living. People who have less, spend less. Rich benefit from the poor. This has always been the case. You can’t have it both ways. This is how it works. Imagine you are buying flowers from someone at a freeway exit. You pay $10 for the flowers, and are running a trade made deficit with that individual now. You are buying more from them, than they are buying from you. Now, an orange man sees this, and thinks “That guy selling flowers, is ripping me off by selling things I don’t sell, for things I couldn’t sell for that price. Let’s charge a 100% tax on anyone who buys from them” The U.K. trade deal limits tariffs to 10% for the first 100k cars, then it goes up to 25%. This is actually one of the ONLY countries we have a trade surplus with, and we are still going to charge ourselves a TAX on things we buy from them. If this is the line of thinking and understanding of trade from our own government, we are DONE FOR. If this is how 🥭 views trade with countries who buy more from us, than we do from them, imagine what the “deals” with countries who buy less from us will be….
I don't think ppl on here - or in general - really grasp the magnitude of what is happening. It's not about getting trade deals done. If you think that solves our problems and things go back to normal market, you're financially and economically illiterate. What we saw today, and the reason why the markets are sitting exactly where they were 3 days ago, is because everyone now knows tariffs aren't a bargaining tool. Flat 10% on the UK and admittedly that is the best "deal" anyone is going to get because we have a fucking trade SURPLUS with them. I still don't think people really understand tariffs. You, me, your mother, your friend - WE all pay the tariff. Manufacturing jobs are not coming back to the US. It is still cheaper to produce oversees with tariffs than what you would have to pay someone stateside to do the work. So tariffs are literally just an EXTRA TAX on us, the consumers. Nothing will change, everything will just be more fucking expensive. And don't get me started on the bond market. The days of interest rates sub 3% are gone. 0% APR financing is gone. The ripple effect this will have is huge - at a time when we will be paying an ADDITIONAL TAX on all foreign produced goods. All the while, foreign and domestic investors are moving their capital to other safe havens. The dollar as the de facto global currency will be gone in 5 years. Even the shit we can buy domestic will be more expensive. Let's take a car for instance. If a flat 10% on all foreign cars is in place, a $50,000 car now becomes $55,000. The guy making the car here isn't going to keep his at $50,000 - he's going to raise it to $54,000. He's still cheaper than the foreign car, but just increased his own profits at the expense of the consumer. This stupid fucking idea that these "trade deals" are some how winning or that things go back to normal when they are in place is pure retardation and shows a complete lack of basic economic literacy. And the damage done is not something that can be reversed by the next incoming president. This will have long, long lasting ramifications. So enjoy the gains you make off your 3 0dte SPY calls each time it hits 565. You truly, truly don't understand what is happening at a basic, fundamental level.
The dysfunction of interest rates is so intangible it's hard to perceive the scale of the problem. Why haven't we had a disaster that bad ever since? You mean the Fed being too late to lower short term rates is that much worse than the economy being intentionally shut down in 2020? It's a bigger deal that the shock of zero tariffs to a humongous TAX in importing any and all raw materials needed for the goods everyone uses? I think it all boils down to aggregate confidence. Somehow everyone starting thinking the same thing - "things are bad right now" and panic sold all their assets in 2008 based on what they heard on TV. We are in the inverse of that where we have bad fundamentals but there is so much overconfidence that people are being optimistic and buying the dip.
TARIFFS ON IMPORTS ARE PAID BY AMERICANS. THEY ARE A TAX INCREASE ON THE AMERICAN MIDDLE CLASS. I typed that in big letters, just so you don't miss anything. Trump just raised your taxes. And you're too slow-witted to realize that fact.
BUT THE PRESIDENT AND HIS CABINET SAID IT'S NOT A TAX ON THE CONSUMER AND EVERYTHING HE SAYS IS TRUE !!!! /s
Ok, Trump is stupid if he thinks this is a good deal. Seems everything he touches is TAX TAX TAX for us.