Originally posted by: Kevin Lewis
You're sure yeeping a lot, though, for someone who is "growing weary."
Face it, stupid angry Charles. I've been successfully baiting you, and you've been triggered over and over. I dominate you and Millerscum. Utterly.
You're not actually asking any question about future inflation, so I won't dignify you with an answer. After all, you're a cult member who thinks that Trumpiffs won't cause inflation.
Irrational.
If you want to take out your crayons, though, simply calculate US imports from the tariffed countries (using 2024 figures), multiply the amounts by the individual tariffs, and divide by the portion of GDP that imports represent. That's already been done by dozens of economists, but I'll let you come up with your own answer.
Then you can tell us how politically popular it will be for the average American household to have to spend $2,000 more to buy the same goods as last year.
Miller lives rent free in Kevin's pea brain as he is compelled to respond to David's every post. Kevin has no power to resist David Miller (and obviously me). Unlike Kevin, I actually have a life, so unfortunately I neither have the time or inclination to continue to educate him.
Of course Kevin the coward refuses to predict an actual inflation rate. He never will. Because he can't and he doesn't want to be challenged when proven wrong. That's how all cowards work. All he can do is make wild claims. His foolish inflation analysis assumes the full impact of tariffs is born by the consumer and that nothing else changes. If that was true then why did Trump 1's tariffs on China not impact prices?
Here's just a few things Kevin the tax cheat fails to consider:
1 Massive deregulation that lowers costs for American businesses.
Fact Sheet: President Donald J. Trump Launches Massive 10-to-1 Deregulation Initiative – The White House
2 Declining oil prices. (crude down 25%). This dulls inflation and positively impacts the entire US economy
Crude Oil - Price - Chart - Historical Data - News
3 Many countries and foreign businesses will 'eat' some of the tariff costs because they fear losing market share more than a few points of margin. Especially Chinese companies.
Customers have been spared most of the tariff costs so far, Goldman Sachs finds - MarketWatch
4 Many retailers will also 'eat' some of the tariff costs because they also fear losing market share.
U.S. businesses are absorbing two-thirds of tariff costs so far - Goldman | Seeking Alpha
5 "Inflation is always and everywhere a monetary phenomenon" said someone who Kevin would never understand. Inflation is impacted by Federal Reserve Money supply decisions more that Fiscal Policy.
Now that the tariffs have been implemented, according to Kevin, we can expect to see prices increase exactly in proportion to the tariff percent applied to the amount of previous imports. That's just stupid. In fact at one time he said 40% under Trump, but now refuses to give us a number.
So let's make a bet. I bet at no month in the next 6 months will the year over year CPI increase more than Joe Biden's worst inflation month (June 2022). The stakes? Leaving the Kitchen Sink. Deal or coward?
And finally Kevin loves to refer to me as 'Angry'. So hilarious coming from the little boy who is evading his federal taxes in protest of President Trump and has called for Presidential assassination. That's criminal level anger right there.