1 upvotes, 2 direct replies (showing 2)
It's also a self-defeating snowballing cycle because the higher the tariffs, the less likely people buy the products, the less income you get.
Comment by riko_rikochet at 02/02/2025 at 03:58 UTC
1 upvotes, 0 direct replies
Yep, lots of businesses will go out of business from the triple whammy: more expensive goods, less sales locally and if they did any international business, less of that too. As these businesses collapse, the niches will be filled by mega-corps who absolutely salivate at these opportunities to consolidate market share.
Comment by NewYork_NewJersey440 at 03/02/2025 at 00:01 UTC
1 upvotes, 0 direct replies
This is what I really don’t understand. What is the end goal for the wealthy? If everyone else is too poor to buy your products, how will you have wealth? It’s so short-sighted. “A rising tide lifts all boats” approach is the exact opposite—strengthen the working class and consumers, and everyone ultimately wins.