alt Hacker NewsYou’re calling Trump “economically illiterate,” but what you’re saying will happen is exactly the motivation of Trump’s policy. He just thinks it’s a good thing rather than a bad thing.
Trump’s bet is that the upsides will be borne disproportionately by his base, while the downsides will be borne disproportionately by Democrats’ laptop-class base. It’s not irrational to think that will be the result.
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I don't think it's his base that will benefit. More the owners of factories, mines, oil wells, etc.
Trump also thinks imports subtract from GDP.
> You’re calling Trump “economically illiterate,”
I mean he's gone bankrupt 6 times including managing to bankrupt a casino a business where on average people give you money to get less money in return... He also confuses simple economic terms like equating trade deficits with tariffs.
I was just talking last night about how ironically the things Trump is doing fall not to far from what Bernie bros have dreamed of. Heavy tariffs and no income tax is pretty much the conservative version of liberal hand outs.
How will adding a tax to every single consumer good benefit his base?