{"id":36208,"date":"2025-10-04T08:22:51","date_gmt":"2025-10-04T12:22:51","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=36208"},"modified":"2025-10-04T08:24:42","modified_gmt":"2025-10-04T12:24:42","slug":"trumps-tariffs-just-another-republican-transfer-of-middle-class-wealth-to-the-one-percent","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=36208","title":{"rendered":"

Trump\u2019s Tariffs Just Another Republican Transfer of Middle Class Wealth to the One Percent<\/b><\/h2>"},"content":{"rendered":"

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CalicoJack
\nThe Psy of Life<\/p>\n

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SUMMARY:<\/strong>\u00a0Explore the economic effects of Trump\u2019s tariffs as they slowly strangle the booming Biden economy. They take billions of dollars out of the economy by increasing prices for middle class consumers, slowing economic growth, increasing unemployment, and curtailing government services. All of this so the Republicans can transfer our wealth to the one percent. Same Republican Tax-Cut and Destroy the Economy Song, different verse.<\/p>\n

KEY WORDS:<\/strong>\u00a0Tariff, Trump, Economy, Middle Class, Wealth Transfer, One Percent, Psychosocracy, Regressive Tax, Bureau of Labor Statistics, Unemployment, Inflation<\/p>\n

COMMENT:<\/strong>\u00a0What effects of Trump\u2019s tariffs have you felt, witnessed, or observed? Does MAGA ever wise up and realize that Republicans are just taking their money and giving it to the one percent?<\/p>\n<\/div>\n<\/div>\n

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  1. That\u2019s NOT How Tariffs Work!<\/a><\/li>\n
  2. This is How Tariffs Work<\/a>\n
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    1. Trump\u2019s Fundamental Misunderstanding is Psychosocracy<\/a><\/li>\n
    2. Tariffs are a Regressive Tax<\/a><\/li>\n<\/ol>\n<\/li>\n
    3. Tariffs as a Drag on the Economy<\/a>\n
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      1. Slowing Job Growth<\/a><\/li>\n
      2. Tariffs: Transferring Middle Class Wealth to the One Percent<\/a><\/li>\n
      3. Trump\u2019s Tariffs: Same Republican Tax-Cut and Spend Destruction Song, Just a Different Verse<\/a><\/li>\n<\/ol>\n<\/li>\n
      4. Image Attribution<\/a><\/li>\n<\/ol>\n
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        \"Does
        Meme: The Repube Tax Plan<\/a><\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n

        I\u2019m no expert in economics or government fiscal policy. I don\u2019t even play one on TV. I\u2019m just a casual economics observer trying to make sense of this mixed up, muddled up, shaken up world. So, what I\u2019m offering today is my take on the effects of the Orange Caricature\u2019s tariff policies on our society in the broadest strokes possible.<\/p>\n

        Here\u2019s the thesis, Trump\u2019s tariffs policy is a massive transfer of middle class wealth to the one percent.<\/p>\n

        \n

        Here\u2019s the thesis, Trump\u2019s tariffs policy is a massive transfer of middle class wealth to the one percent.<\/p><\/blockquote>\n<\/figure>\n

        That\u2019s NOT How Tariffs Work!<\/h2>\n

        This is How Tariffs Work<\/h2>\n
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        \"\"
        Trump\u2019s Tariffs: Destroying Belief in our Economic Future<\/a><\/em><\/strong><\/figcaption><\/figure>\n<\/div>\n

        Tariffs do indeed pay money into the US treasury. In that sense they can be broadly categorized as a tax. Contrary to the assurances of the Orange TACO Stain and his team, it is a tax paid by the US consumer. By now we all realize that\u00a0Trump doesn\u2019t understand how tariffs work<\/a><\/strong><\/em>\u00a0\u2014 because he keeps saying that foreign companies and countries will be paying the tariffs or companies will \u201ceat\u201d the increased costs.<\/p>\n

        While the importer is responsible for paying the tariffs,\u00a0they pass the cost on to the consumer<\/a><\/strong><\/em>, i.e. the people buying the product that was imported into the country. Since the country importing the tariffed goods is the US, it is the increased cost is passed on to the US consumer. The importers are not idiots and are driven by the profit motive responsible like all capitalists. And, like all capitalists, they give no fucks about anything other than maximizing their profits.<\/p>\n

        Trump\u2019s Fundamental Misunderstanding is Psychosocracy<\/h3>\n
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        \"A
        Psychosocracy Watch: An Irregularly Occurring Regular Column for Trump 2.0<\/a><\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n

        Trump\u2019s fundamental misunderstanding of the effect his tariffs will have is a prime example of\u00a0psychosocracy<\/strong><\/em>\u00a0or rule by the psychotic. Trump is not dealing with reality when it comes to tariffs. He\u2019s either lying or just plain stupid. Either way, his rhetoric is wildly divergent from reality.<\/p>\n

        Because the cost of the tariffs is borne by the consumer, they amount to a\u00a0regressive tax<\/a><\/em><\/strong>. This is because\u00a0lower-income households spend<\/a><\/em><\/strong>\u00a0a disproportionate amount of their income on consumer goods than higher income households. Thus, they are paying more of their income \u2014 disposable or not \u2014 to cover the increasing costs of the tariffs.<\/p>\n

        Tariffs are a Regressive Tax<\/h3>\n

        According to the lying woke\u00a0Yale Budget Lab<\/a><\/strong><\/em>\u00a0who hates Trump and MAGA because of our freedumbs:<\/p>\n