NVK on Nostr: Tariffs == Taxes ...

Tariffs == Taxes

quoting note1dm8…zprm

THE TRUMP TARIFFS ARE EFFECTIVELY A LARGE TAX INCREASE ON AMERICANS, CANADIANS, MEXICANS, AND CHINESE.

EXPECT ENSUING TRADE WARS TO BE A MASSIVE DRAG ON THE ECONOMY WITHOUT SIGNIFICANT REDUCTIONS IN OTHER TAXES.

SHOULD BE INTERESTING TO WATCH PLAY OUT.

MY PLAN IS TO STAY HUMBLE AND STACK SATS ABOUT IT.