Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
All that says is that we need to increase import costs 80-85% and instate a labor tariff so that the company has to pay taxes equal to a US citizen for every offshore employee.
Sure ok. Things cost 4x more. Are they going to pay us 4x more? Musk said we need to buckle down and quit spending. Spending money is the one thing keeping the economy out of a recession or depression. Can’t have it both ways.
All that says is that we need to increase import costs 80-85% and instate a labor tariff so that the company has to pay taxes equal to a US citizen for every offshore employee.
Sure ok. Things cost 4x more. Are they going to pay us 4x more? Musk said we need to buckle down and quit spending. Spending money is the one thing keeping the economy out of a recession or depression. Can’t have it both ways.