So I see a lot of people flipping out because the tariffs are getting ready to go in.
I saw some guy panicking on here, saying, “Okay, tariffs move us closer to cancellation—potential cancellation of an income tax—and it would be one of the most robust growth strategies to the United States economy that anybody can imagine.”
Now, if you’re worried about tariffs, please understand that 44 percent of the tariffs are actually absorbed by the exporter.
And if you’re worried about runaway prices, okay, let me show you.
I’ll just show you.
Now I even went to a left-leaning source—CNBC—so that nobody can call me biased.
Trump’s proposed tariff increase would boost inflation by nearly one percent, Goldman Sachs estimates.
This calculation includes a 10 percent tariff on China and a 25 percent tariff on Canada and Mexico, resulting in roughly a one percent increase in inflation.
So think about this, okay?
Because advancing a pro-tariff policy moves us closer and closer to being able to cancel income taxes.
Visualize this for your life: inflation goes up one percent.
A three-dollar item now costs three dollars and three cents.
But because we’ve advanced tariffs, the net exporters taking advantage of us in trade deals are absorbing a lot of the tax.
That’s why you generally only see a one percent increase—even with 10 percent on China and 25 percent on both Mexico and Canada.
If we can raise our tariffs—which we’re going to do because we’re done being taken advantage of—this change is happening whether or not anybody wants it.
With a raise in tariffs and a subsequent decrease in government spending of two trillion dollars based on current GDP and economic levels, that would require 0 percent income taxes.
So this is what your life could look like once the plan is done:
A robust economy with runaway employment, a three-dollar item costing you three dollars and three cents, and you’re not subject to income taxes any longer.
Is your life better or worse?
I know a lot of people hate Trump, but this is the trajectory we are on—and he reaffirmed it again today.
Have a great day, everybody.
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