Comment on Tesla is sitting on $200M worth of Cybertruck inventoryparentComments−jqpabc1231yDoes Musk's thinking make as much sense as people intentionally voting for massive new taxes?Peter Navarro said that he expects Trump’s tariffs to bring in $6 trillion in revenue over the next decade.The MAGA economic miracle is actually the largest tax hike in US history --- to be paid entirely by US voters/consumers.Nothing about MAGA (or Musk) economics makes any sense. In the words of Warren Buffet, the tooth fairy isn't going to pay these tariffs.−ttyprintk1yA -2% effect on GDP would make that a wash. So, for Trump to satisfy Navarro, he needs to beat 2% GDP growth, which he routinely could in his first term. Biden was often double Trump’s GDP growth rate.−jqpabc1231yhe needs to beat 2% GDP growthHard to grow GDP while also working to isolate the US economy from world markets.This won't end well for most people --- but especially not for MAGA voters.
Comments
Does Musk's thinking make as much sense as people intentionally voting for massive new taxes?
Peter Navarro said that he expects Trump’s tariffs to bring in $6 trillion in revenue over the next decade.
The MAGA economic miracle is actually the largest tax hike in US history --- to be paid entirely by US voters/consumers.
Nothing about MAGA (or Musk) economics makes any sense. In the words of Warren Buffet, the tooth fairy isn't going to pay these tariffs.
A -2% effect on GDP would make that a wash. So, for Trump to satisfy Navarro, he needs to beat 2% GDP growth, which he routinely could in his first term. Biden was often double Trump’s GDP growth rate.
he needs to beat 2% GDP growth
Hard to grow GDP while also working to isolate the US economy from world markets.
This won't end well for most people --- but especially not for MAGA voters.