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amother
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 Today at 9:29 pm
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If he really puts into place the tariffs he kept talking about prices are going up. People actually believed him that China and other foreign countries would pay the tariffs. That’s like Mexico paying for the wall. Sounds great, won’t happen. We pay tariffs on foreign goods. Because so much of what we buy is imported and the components our U.S. manufacturers use to produce goods are imported, prices will rise.
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amother
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Today at 9:29 pm
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Houses will be cheaper, mortgage rates will go down, Yeshiva tuition will go down, all wars will be over tomorrow… yup, life is going to be perfect going forward!
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miami85
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Today at 9:33 pm
I think we need about 11 Million fewer occupants first. Rome wasn't built in a day and Trump doesn't even set foot into the oval office until 1/20/2025, but there are a lot of positives moving forward that are positive for businesses which (Kamala failed to understand) translates to better scenarios for the consumer.
We put of a significant purchase until we knew the outcome of the election, we can't do it just yet, but we are optimistic it will be possible in the near future.
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amother
Dimgray
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Today at 9:37 pm
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I don't personally think houses are ever going to get that much cheaper. I think they will stabilize but basically be in the range we are seeing. In regard to interest rates, according to what I heard, they are projected to first go up but then they will come down. I don't think we're going to ever see the levels we saw before though.
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miami85
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Today at 9:40 pm
| amother Whitesmoke wrote: | | If he really puts into place the tariffs he kept talking about prices are going up. People actually believed him that China and other foreign countries would pay the tariffs. That’s like Mexico paying for the wall. Sounds great, won’t happen. We pay tariffs on foreign goods. Because so much of what we buy is imported and the components our U.S. manufacturers use to produce goods are imported, prices will rise. |
Tariffs encourage American opportunities, and discourages people from buying junk from overseas just because it is cheaper. So instead of buying a Kia you'll be encouraged to buy a Ford. It will encourage companies to set up factories here and not overseas getting cheaper labor. That sets up a real "opportunity economy"
The wall was paid for, but when Biden became Puppet-in-Chief, he cancelled the wall leaving the materials to rot in the desert.
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amother
Powderblue
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Today at 9:40 pm
No.
But hopefully won’t get worse. I think some of Harris policy would have made it go higher.
I don’t expect prices to fall on anything (like food, clothes)
I just hope it won’t climb even more.
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amother
Leaf
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Today at 10:18 pm
I literally had this conversation with my realtor today. He's assuming interest rates will go down which will bring out more buyers
More demand means prices will go up 
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amother
Beige
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Today at 10:22 pm
[quote="miami85"]Tariffs encourage American opportunities, and discourages people from buying junk from overseas just because it is cheaper. So instead of buying a Kia you'll be encouraged to buy a Ford. It will encourage companies to set up factories here and not overseas getting cheaper labor. That sets up a real "opportunity economy"
This is not accurate. In theory it's great in reality they are not helping fund the prices that will go up for even raw materials for small businesses. This will cause even more independent businesses to close and leave only giant Corporations that will use their fancy lawyers to find ways around the tarrifs.
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amother
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Today at 10:33 pm
| miami85 wrote: | Tariffs encourage American opportunities, and discourages people from buying junk from overseas just because it is cheaper. So instead of buying a Kia you'll be encouraged to buy a Ford. It will encourage companies to set up factories here and not overseas getting cheaper labor. That sets up a real "opportunity economy"
The wall was paid for, but when Biden became Puppet-in-Chief, he cancelled the wall leaving the materials to rot in the desert. |
Trump said he’d build a wall and Mexico would pay for it. You say the wall was paid for. If by that you meant that Trump was telling the truth and Mexico paid for the wall, you are wrong. Mexico did not pay a penny towards the costs of building the wall.
In this election Trump said he’d put tariffs on China and the Chinese would pay them. That’s not how tariffs work. The consumer - that’s us - pays the tariffs.
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amother
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Today at 10:36 pm
[quote="amother Beige"] | miami85 wrote: | Tariffs encourage American opportunities, and discourages people from buying junk from overseas just because it is cheaper. So instead of buying a Kia you'll be encouraged to buy a Ford. It will encourage companies to set up factories here and not overseas getting cheaper labor. That sets up a real "opportunity economy"
This is not accurate. In theory it's great in reality they are not helping fund the prices that will go up for even raw materials for small businesses. This will cause even more independent businesses to close and leave only giant Corporations that will use their fancy lawyers to find ways around the tarrifs. |
All of Trump’s economic policies are a windfall for giant corporations. If you’re in the top ten percent of wage earners, you can look forward to a fantastic next four years. If your income is more on the average side, not so much.
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amother
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Today at 10:45 pm
| amother Whitesmoke wrote: | | All of Trump’s economic policies are a windfall for giant corporations. If you’re in the top ten percent of wage earners, you can look forward to a fantastic next four years. If your income is more on the average side, not so much. |
Elon Musk and other millionaires saw their fortunes rise by millions with Trump's win (today!) Definitely get why super wealthy people are happy he won!
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amother
Junglegreen
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Today at 11:11 pm
| amother Whitesmoke wrote: | | All of Trump’s economic policies are a windfall for giant corporations. If you’re in the top ten percent of wage earners, you can look forward to a fantastic next four years. If your income is more on the average side, not so much. |
Yes but the idea is that whatever's on top ultimately trickles down the the bottom.. rich corporations equal hundreds or good stable jobs..
Throwing money at the bottom is the most economically depressing thing. It demotivates hard work which is what you need for a capitalist society to thrive
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amother
Aqua
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Today at 11:15 pm
| amother Honey wrote: | | Elon Musk and other millionaires saw their fortunes rise by millions with Trump's win (today!) Definitely get why super wealthy people are happy he won! |
Anyone who has money invested in the market made money today
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amother
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Today at 11:27 pm
| amother Junglegreen wrote: | Yes but the idea is that whatever's on top ultimately trickles down the the bottom.. rich corporations equal hundreds or good stable jobs..
Throwing money at the bottom is the most economically depressing thing. It demotivates hard work which is what you need for a capitalist society to thrive |
What you’re talking about, making the big corporations rich in the hope they’ll create jobs and share the wealth with the lower rungs of the ladder, is called trickle down economics. It’s been studied extensively and the bottom line is it doesn’t work. Tax cuts for the rich just make the rich richer.
Throwing money at the bottom, or social welfare, is a normal, humane part of life if done correctly. Especially as frum Jews, we encourage helping the needy if they’re really needy.
It’s the middle class that saw their taxes go up during Trump’s last term. Small business owners and wage earners that aren’t in the highest brackets, get squeezed worst under someone like him.
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amother
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Today at 11:30 pm
| amother Whitesmoke wrote: | | All of Trump’s economic policies are a windfall for giant corporations. If you’re in the top ten percent of wage earners, you can look forward to a fantastic next four years. If your income is more on the average side, not so much. |
My income is more on the average side, and I've watched it become a lot more average under Biden. His track record is not there.
And there are actually some things that Trump will probably do that will benefit the little man, such as extending the QBI deduction.
Also, I think Trump just understands the economy in a way that Obama and Biden did not. Im fairly confident he's not going to do something that will destroy the economy. So whatever it is that he's going to do, I'm fairly certain some of us will benefit.
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amother
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Today at 11:32 pm
| amother Whitesmoke wrote: | What you’re talking about, making the big corporations rich in the hope they’ll create jobs and share the wealth with the lower rungs of the ladder, is called trickle down economics. It’s been studied extensively and the bottom line is it doesn’t work. Tax cuts for the rich just make the rich richer.
Throwing money at the bottom, or social welfare, is a normal, humane part of life if done correctly. Especially as frum Jews, we encourage helping the needy if they’re really needy.
It’s the middle class that saw their taxes go up during Trump’s last term. Small business owners and wage earners that aren’t in the highest brackets, get squeezed worst under someone like him. |
I'm a tax accountant and the bolded is absolutely not true.
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