In a Free Market, US Trade Deficits are GOOD!
Presently, the system feeds cronies, not YOU!
I noticed a post on FB celebrating DJT and the possible $2000 tariff “dividend” checks. This was my response. I wanted you to see it.
No, no, no, NO!!!! It's not official yet, and I hope it won't be. Here's how it will work. Trump sends out the checks. We will put it in the bank, or put it toward a down payment on a house, or we’ll buy whatever. Via that path, it will ALL end up in the hands of the billionaires everyone seems to hate. Ultimately, they are the ones selling you shit!! Or loaning people money to sell you shit. OUR long term benefit will be inflation. It is as certain as gravity. Instead, use it to pay down the national debt or place it in a real trust fund to pay about 6 weeks worth of SS benefits, instead of adding to more people chasing the same goods - AGAIN!. That's what inflation IS. And like the Covid checks, the economy will float and eat up your $2000 and then some. Tariff dividends are as unproductive as tariffs. What we NEED is free trade (they sell their shit, we sell our shit - no tariffs, subsidies or restrictions) and less money thrown at us by the government. Everything else is bullshit to feed cronies! Return to the free market, gang. The further we get from it, the more douched up our nation becomes.
It’s important to understand that under free trade, we’d still have deficits. That is how it is SUPPOSED to be when you are the richest nation and the largest consuming nation on the planet. No other nation can keep up with that.
When the tariff craze ends, no matter how many we place on foreign countries, we will end up exactly where we were before or worse. It NEVER ends better. If you don’t believe me, research how Smoot-Hawley (tariffs) contributed to the end of the Wiemar Republic and the rise of Hitler.