Trump supporters will believe anything Trump tells them. They believe appeasement is peace through strength. They believe the victim of aggression is the aggressor. They believe trampling the Constitution is saving the Constitution. They still believe the 2020 election was stolen and that somehow those who tried to prevent the peaceful transfer of power are patriots. If Trumps says day is night they will believe it, so why would one not expect them to believe a tax increase is a tax cut.
Today is the day, Trump imposes massive new taxes on imports. He has convinced many of his supporters that somehow it is the exporting country that pays the tax. For those people, there is no hope. They want to believe lies. They are like Jim Jones cult members who will drink the Kool-Aid. US-imposed tariffs are paid by American businesses and consumers in the form of higher prices on imported goods; not paid by foreigners. If people cannot grasp that simple fact, they are hopelessly stupid. It is a waste of breath to argue with them. This is not something about which there can be an honest different of opinions. This is fact.
This new round of tariffs Trump is expected to announce today will make foreign and domestic goods more expensive for consumers. It will upend supply chains, weaken demand for U.S. products abroad, compel bailouts of damaged industries, drive allies into the arms of enemies, and possibly trigger a recession.
The new tax is expected to raise $6 trillion. That is 600 billion dollars coming out of the American consumer's pocket. Not only is this one of biggest tax increases ever imposed on the American people it is also one of the most regressive taxes ever passed. Various economists estimate the new tariffs will cost the average American household about $1250 a year. If you buy a new car, it may cost you an additional $6,000.
Happy Liberation Day!
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