Airstream
Junior Member
- Joined
- Mar 27, 2022
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
Fernando you have to realize this tariff issue isn’t just about a trade imbalance. It is about national security. We either fight this war now or we lose the war in the future. If we don’t onshore critical components to make our country self-sufficient, but continue to depend upon China which DOES have goals to take Taiwan, then we are cooked. Think about the sacrifices that people made during WW2. We haven’t even come close to that. What idiots made it so that 90% of the critical metal components for national defense came from China? Now you know why Trump wants Greenland. But much of this is because of all the liberal regulations that prevented mining in our own country. Then we have 36 trillion in debt that makes us susceptible to China holding our debt! Of which Biden increased the national spending by 40% in 4 years and the national debt by 9 trillion, and guess who holds a lot of that debt? Other nations. Trump is recognizing our vulnerability and trying to reset tremendously bad trade imbalances where China has far too big of an influence. You may not like it and complain, but it is pay me now or pay me later.I have a positive outlook in Trump Tax Reform 2.0 coming. That's the only good thing that Trump got elected especially in lowering estate taxes.
Yet with Trump continual disapproval in polls, the chances get less and less. Hurry Congress and lower our taxes.
You also need to understand Trump’s total strategy.
1) Create more fair trade to make our products competitive and help our producers.
2) Create a tax system that creates opportunity and motivation to produce more in the U.S. Critical is the 15% corporate tax which will motivate industry to come here coupled with more fair trade.
3) Reduce regulations that cripple private investment and slows capital formation. This encourages capital formation here and more production here.
4) Reduce the debt and balance the budget which will ultimately lead to lower interest rates. Lower interest rates are better for capital formation.
If you just focus on one element you miss the entire strategy. And it doesn’t happen over night. It will take time. But again pay me now or pay me later.
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