Asklemmy

44149 readers

1469 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

102

If you are an American, how are you preparing for the upcoming tariffs and possible trade war? (lemm.ee)

submitted 4 weeks ago by kinttach@lemm.ee to c/asklemmy@lemmy.ml

56 comments fedilink hide all child comments

What impact do you think it will have on you?

Are there critical items to purchase now that will be too expensive to afford next year?

Are you changing your savings or investments?

you are viewing a single comment's thread
view the rest of the comments

[–] TheOubliette@lemmy.ml 42 points 3 weeks ago (1 children)

Tariffs amount to a higher inflation rate / a regressive tax, as they will not subsidize local industry to any significant level. You will not see wage increases or more jobs from it. Probably the opposite.

This will be a quantitative change, it will look like 2022-2024 but with a higher effective inflation rate, translating into a transfer of wealth from the poor to the rich.

More people will experience what it's like to earn 10-20% less money and have fewer job prospects. One would hope that this teaches humility and solidarity, but in a country that only knows how to punch left, that will be an uphill battle that must nevertheless be fought.

[–] PresidentCamacho@lemm.ee 6 points 3 weeks ago* (last edited 3 weeks ago)

As long as the rich get richer, the system is working as intended. Voting will not change anything other than how fast the wheels fall off this bitch.but we still have to, so we crash later rather than sooner.