Okay, let me try to break down Trump's tariff scam one more time. 🧵
First off, tariffs aren’t a check from Beijing or Delhi. They’re a tax on U.S. importers, which get passed down the line.
That means you end up paying higher prices on groceries, furniture, appliances, etc.
Tariffs = a sales tax on households.
2/x
That means you end up paying higher prices on groceries, furniture, appliances, etc.
Tariffs = a sales tax on households.
2/x
Second, $150B sounds big until you stack it against Trump’s own HR1 tax cuts. Those added $340B more debt every single year.
So even if tariffs hit $150–300B annually, they don’t even cover the yearly cost of his tax cuts for corporations & billionaires like him.
3/x
So even if tariffs hit $150–300B annually, they don’t even cover the yearly cost of his tax cuts for corporations & billionaires like him.
3/x
Third, calling this “debt reduction” is misleading. That money doesn’t erase the debt; it mostly goes to pay interest.
That simply means working class people pay higher prices so the government can cut checks to Wall Street investors and protect the wealthy class it serves.
4/x
That simply means working class people pay higher prices so the government can cut checks to Wall Street investors and protect the wealthy class it serves.
4/x
So let’s be super clear: this is not about “reducing the debt.” It’s a con.
Your grocery bill goes up so billionaires and bondholders get paid.
Tariffs are a racket. A clear wealth extraction scheme that takes hard-earned money from working people to prop up the rich.
end/🧵
Your grocery bill goes up so billionaires and bondholders get paid.
Tariffs are a racket. A clear wealth extraction scheme that takes hard-earned money from working people to prop up the rich.
end/🧵
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