this post was submitted on 06 Apr 2025
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politics

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Summary

Trump’s sweeping global tariffs are causing rising consumer prices, market losses, and job risks, but his administration defends them as necessary for long-term economic independence.

Critics warn the tariffs hurt low-income households dependent on cheap imports, especially from China.

Officials argue the American dream isn't about “cheap baubles,” but higher living standards. However, economists say tariffs worsen inflation and housing affordability.

Despite past GOP support for cheap goods, MAGA allies now downplay short-term pain.

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[–] N0body@lemmy.dbzer0.com 18 points 1 year ago (2 children)

What level of bullshit can the right wing tech bros maintain when ordinary Americans are priced out of bread and circuses? Even the most unfair social contracts have rails.

More to the point, how many Americans have maxed out their credit cards paying bills and basic necessities? What happens when making the minimum payment on the maxed credit card balance makes them unable to afford food and housing? Are millions of people going to become homeless in the next several months? Is the credit system going to collapse?

Honestly, the solution at the citizen level is for everyone to file bankruptcy. It ensures a roof over your head, paused payments on debt, and it shifts all the financial losses to the banks. Banks taking actual losses and being threatened with insolvency puts their skin in Trump’s game to destroy the global economy.

[–] SkyNTP@lemmy.ml 10 points 1 year ago

Priced out of circuses? My dude, social media is the new circus, cheaper and more accessible than ever. No need for bread when we can control and distract the masses by pulling on the algorithm levers at no cost.

[–] Kanda@reddthat.com 3 points 1 year ago

Oh, great, we'll have to bail out the banks again