Liberation Day

[Ten Bears]

Holy Chit, 8 pages and counting on this thread and you all have managed to keep it pretty civil!!!

I don't know whether to be happy, surprised, disappointed, or what, I am at a loss for words

Someone hurry and post a firearm thread in the general forum for me to move so it feels like a normal day on rokslide for me!!

Looks likes it heading for the crapper…

 

[chanson_roland]

Simply put these new taxes will inevitably make many products as well as everyday life more expensive..

Is it worth it well that’s for you to decide.

I think this has been covered in other threads, but it's about to get REAL interesting learning which "American-made" outdoor products have a global supply chain, and will pass on price increases because of their components.

Tide's gone out...we're about to see who's been swimming naked.

 

[Dos Perros]

Lower buying power, less spending, less incentive for companies to innovate against global competition.

More onshoring of profit centers, more domestic investment, more returns for shareholders.

 

[ColoradoV]

Pumped to be liberated of my family's income, lifestyle, and retirement

Silver lining maybe there will be less competition for tags the next few years

I doubt it on tags. Folks will still pay for those..

What is this really paying for tho….

I got 2 pretty darn good friends who have that B number of zeros. One is a old Japanese businessman lives alone in a big house behind a fence talks to like 10 people he likes taxing the regular man so he can well get more zeros..

Other has well several b’s to his name and actually feels bad about the tax breaks he is going to get on the backs of regular folks. Does not think it’s fair…

Both agree they are going to see windfall tax breaks paid for by regular folks who pay for these new “taxes”….

Like I said it’s for you to decide if this is a good thing……

 

[BoilerBowHunter]

I’m not the smartest guy in the room and am far from an economist, but this makes little sense to me.

I understand the concept, and I think there is probably a very good argument to be made to increase tariffs strategically in order to bring in Federal revenue as a building block to chip away at our ridiculous debt. But this shock and awe approach seems like it will only hurt the average citizen by increasing prices and impacting retirement portfolios. Even if this does shift work to the US temporarily, is that a practical long-term solution? There is a reason all of this work found its way overseas…it’s more affordable. And eventually there will be a new administration and this likely all gets undone. This won’t be a popular opinion, but I don’t understand the blind “buy American” motto. Generally speaking, if it’s significantly more affordable, and the quality is similar, then I am going to buy the more affordable option. I’m keeping money in my pocket to support my families’ goals; I’m not going to spend more on a T shirt and underwear to feel good about my contributions to America's role in the global economy. I’d argue there are better ways to feel patriotic – go volunteer in your local community and have a real, tangible impact.

What's more concerning, I don’t understand undermining our relationships with global allies in a world where China is on the rise and it’s open knowledge that they will likely invade Taiwan in 2027.

 

[NDGuy]

More onshoring of profit centers, more domestic investment, more returns for shareholders.

Assuming companies actually follow through with that (history doesn't agree). Certain industries probably could more easily and benefit from it.

Also have to mention things still have to become affordable again. To increase the demand that will drop from the immediate price increases. But, maybe we will see heavily discounted items like vehicles in the near future if demand drops sharply.

God willing I can find a used Tundra with sub 80k miles under $30k again

 

[Dos Perros]

This won’t be a popular opinion, but I don’t understand the blind “buy American” motto. Generally speaking, if it’s significantly more affordable, and the quality is similar, then I am going to buy the more affordable option. I’m keeping money in my pocket to support my families’ goals; I’m not going to spend more on a T shirt and underwear to feel good about my contributions to America's role in the global economy.

There is some truth here, but here's the problem. Every dollar we spend that goes to our enemies will have to be mitigated with American blood. It won't be mine or yours, but my kids', your kids', grandchildren, etc. By all means buy goods from western Europe and Canada and Mexico and some others. But quit buying cheap shit from China. Just stop. Sometimes it's hard, and sometimes it's even impossible, but start small and go from there.

 

[Dos Perros]

Assuming companies actually follow through with that (history doesn't agree). Certain industries probably could more easily and benefit from it.

What do you think they'll do?

 

[BoilerBowHunter]

There is some truth here, but here's the problem. Every dollar we spend that goes to our enemies will have to be mitigated with American blood. It won't be mine or yours, but my kids', your kids', grandchildren, etc. By all means buy goods from western Europe and Canada and Mexico and some others. But quit buying cheap shit from China. Just stop. Sometimes it's hard, and sometimes it's even impossible, but start small and go from there.

I think some would argue that a true global economy is actually a deterrent to war.

 

[NDGuy]

What do you think they'll do?

Whatever benefits themselves, as always. Get their cake and eat it too.

Do you really think that Nike, Apple, Amazon, Walmart and co are going to just absorb costs and take their tax breaks and give it back to the common man in one form or the other?

 

[NDGuy]

I think some would argue that a true global economy is actually a deterrent to war.

Not to mention with tariffs we are just pushing our allies to cozy up to China (SK and Japan just announced this)

 

[Marbles]

This x2.

What's been stolen from the younger generations is hope and now they're expected to stand up and put the country that shat on them ahead of themselves in a long game of rebuilding the nation?

While we continue to pay for the old to live there dream retirement because the precious Ponzi scheme of social security must not be touched.

 

[roosiebull]

Currently, I assume the administration has a good plan that will benefit Americans, and if the Tariffs have a negative impact, then they will pivot and reevaluate.

What else can we do? Make an emotional reaction based on some ideas we have no idea about? Speculate worst case like it’s reality? I don’t think anyone understands the strategy with the tariffs yet, and I trust that they are way smarter than me.

I don’t carry the weight of the country on my shoulders, and never have, so my caveman instincts about how the tariffs will affect the country are probably not extremely accurate, especially considering we don’t even know what these tariffs will look like big picture

So many people seem so matter of fact on what the tariffs mean for us, with very little information and NO clear information yet. It seems a little premature to go into panic mode

 

[Marbles]

I think this has been covered in other threads, but it's about to get REAL interesting learning which "American-made" outdoor products have a global supply chain, and will pass on price increases because of their components.

Tide's gone out...we're about to see who's been swimming naked.

The real silly thing is not thinking that US made products will not go up in cost. One, competition has just been reduced. Two, they still need food and housing like the rest of us.

I slaughter pigs in the fall mostly for fun, but my prices will be going up to keep my buying power for my effort even.

 

[Poser]

While we continue to pay for the old to live there dream retirement because the precious Ponzi scheme of social security must not be touched.

The ol' Elon Musk definition of a ponzi scheme, eh?

Do you actually know what a ponzi scheme is, because it ain't that.

 

[NDGuy]

and I trust that they are way smarter than me.

 

[Wrench]

A 90 day solution to a 100 year problem is unrealistic. We're going to have to square up at some point ir be kept in servitude.

You make $100.00. You pay 20% just to have it hit your bank. Of the $80 remaining, you pay 10% just to spend it.....so you got $72.00 worth of goods.....and then you sold the $72 dollar good online and had to pay 20% income tax on it AGAIN.....you just ended up at 57% of your work to your wallet.

Now if you bought something like a car that had to be licensed and insured.....your numbers go way down.

Look up economics before the titanic sank......it was NOTHING like today. We either fix it now, or continue to give 43% of our wages to those who use it to develop plans to steal more of it and use that money to make us hate each other......or cut off our junk, or buy into "mostly peaceful protests".

It's going to suck bad before it gets better.

 

[KurtR]

For one, I don't think that lowering taxes on corporations/donor class and passing them onto the plebs like us via tariffs is a good start.

Lower buying power, less spending, less incentive for companies to innovate against global competition.

I just want a plan how you would fix the problem created the last 60 years. I know every thing they are doing now is bad you have made that clear. How would you propose going about righting the ship?

 

[TaperPin]

The most powerful leader in the free world, his best and smartest financial minds, giving a tariff presentation effecting the economies of every country of any size after preparing since well before the election, leaves out Russia for some reason, and not a single person on the team questions why a group of uninhabited islands is included. The wife thought it was a spoof from The Onion, but it’s really how incompetent our country is being run. The reality tv and Fox News personalities running the country are finding out actually managing things is harder than just talking about it. Unsecure group chats with a dozen people at the highest level who should all know better, or they are stupid or don’t care. We paid a foreign country to imprison an innocent guy without any due process as a check to prevent it. Doge is a cluster from day one. 40% of the population is still convinced a tanking economy and higher prices with higher taxes for us, and lower taxes for oligarchs is a normal part of any change in policy.

Yep, we really do have tariffs on penguins. Rather than playing checkers or chess, we are deep in a game of Candy Land. Quite honestly it’s going about how I figured it would.

 

[Historybuff]

Fyi: tariffs on empty islands are so neighboring countries can't say they are shipping from there to avoid tariffs