Trump Tariffs - $5.4T Corrupt Gangster Shakedown of Global Economy, on the backs of US Working Class
- Carlton Buford
- Jun 27
- 9 min read
Updated: Jul 20
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Why does America have large trade deficits with countries in Asia and South America. Is it because America and Americans are victims, stupid and have been tricked into these deals by the international community and it is now time for us to exert our power and demand that these trade deals be restructured for the benefit of the United States and its people.
Well if you listen to the president of the united states that is exactly what happened and that is why he is justified in using emergency legislation to restructure international trade so that it is a benefit for the American people. The only problem with that story is that it is an absolute lie, and that makes it an even bigger problems for America and its trading partners. If we are trying to solve a problem with a solution for problem that is not really the true problem, we will be creating a catastrophically bigger mess for our trading partners and America itself.
America's failure to diversify its energy industry between 1950 and 1970 when it was warned to do so by the best scientist and economist, in the industry, that oil production would peak in 1970 with permanent catastrophic consequences for the US economy, if oil production peaks and America was caught short of the most important input to its globally largest and fastest growing economy on the planet.
As we have discussed in previous presentations that is exactly what happened, the economic backbone of the US economy was broken in the 1970s and early 1980s, destroying America's historic cost comparative advantages domestically and with the rest of the world. America's trade deficit problem was not caused by America getting raw deals with our international trading partners. America's failure to invest and keep its economy, cost competitive domestically and internationally is why America started to rack up massive and rapidly growing Trade and Federal Budget Deficit beginning in what years…………..the early to mid 1980s, the same time the US economy was being financialized, using borrowing and debt financing to pay for America's uneconomic and high cost of living and high and uneconomic cost of doing business in America.
The real solution for structurally and sustainably eliminating US trade deficits and US Budget deficits, is to restructure the US economy, so that its cost of living and cost of doing business is structurally and sustainably economic domestically and internationally relative to our trading partners. Actually America has the know how, the structure in our constitution and the culture in American society to achieve this goal, and in effect, create heaven on earth in America and around the world, if we would simply fall in love with being American to each other and fall in love with being American to the rest of the world. It is actually that simple in concept if we follow and use the culture and values that we often boast about
Being a Christian Nation with Christian Values
I am my brother's Keeper
Love your neighbor as yourself
Create and Maintain A More Perfect Union for All Americans as America's Highest Priority
Winning the Great Win-Win for America and the World
Strategies for Structurally reducing US cost of living and US cost of doing business at or below our competition on a sustainable basis going forward
Reduce oil and gas exports by 20% - 50%, redirect for domestic consumption and spare capacity purposes in America.
Merge and Integrate - Energy, Technology, Auto and Chemical Industries - achieves climate change goals 10 years early, transforming US and global economy so that it is intimately, seamlessly and synergistically integrated by hundreds of orders of magnitude, because of the human spirit heart breakthrough achieved during the second half of the 2020's, AI used as a tool nationally and globally to achieve economies of scale beyond humankind's wildest imaginations, because we figured out how to use it together, and for everyone's benefit, at the same time, without massive reductions in employment, actually employment opportunities expand massively, because AI is created and designed to enhance the quality and productivity of life for the masses and not primarily for the wealthiest 10% at the expense of everyone else - which is the path we ate on today, which looks sweet for the wealthiest 10%, but 10 years from now, this Ponzi Scheme Approach is going to bankrupt the planet in a way that their may be no coming back from. It is not too late to choose a much more superior path
Harness AI to help Americans Optimize our product and service demand profiles nationally to minimize costs of living and cost of doing business in America and around the world. Harnessing the knowledge of the diversity in the way we do things and accounting for that in our purchase and consumptions decisions, collectively was a miracle waiting to happen, if humans could love each other enough to take advantage of this great demand side management opportunity. We now have the technology to achieve that, the question is do we have enough love for each other and future generations of humans on this planet to actually win, heaven on earth for them, but we must invest and operate with the responsible view that WE ARE OUR BOTHERS KEEPER!!!
Fundamentally, these are the types of changes needed in the US economy and American society to make the US economy economic and sustainable on a domestic and international basis. Working synergistically and with transformed more perfect union for all economics with the rest of the world is critical for making this happen.
Trumps Tariff program does nothing to make the US economy more sustainable and competitive working best for All Americans
Again, America was not hoodwinked by Asia and South America.................the bottom 80% - 90% of Americans were hoodwinked by Corporate America and Government Leadership. American corporate interest lobbied for tax breaks and incentives to set up shop in Mexico, Japan, China, Vietnam, etc… where labor cost was dirt cheap, hollowing out the American Middle class jobs over the last 40 years, not because Asia and South America stole American industry and jobs, but rather because American Industry, USED THEIR FREEDOM and advocated and pressured US law makers for tax breaks, incentives and programs that allowed American industry and corporations to relocate in Asia and South America, taking advantage of dirt cheap labor rates and laxed regulatory, allowing corporations to reap massive profits by operating in Asia or South America, at the direct expense of American jobs, supply chains, industry knowledge, etc….
Uneconomic import tariffs raise prices on US consumers, making the cost of living and the cost of doing business in America, higher……Making US exports structurally fundamentally less competitive. Import tariffs also cause closely related product prices in the US to rise higher , again supporting the case that tariffs on import products and services also put upward pressure on prices for products and services in the economy, that are not imported, but whose price levels are effected directly by imported goods and services. The cost of president trumps Import taxes will be born primarily by working class American to the tune of an additional $5,500 per year for every family in America or $7.5T on the backs of working class Americans over the next 10years. Thus we can see now what president trump is really doing, he is using the import taxes as a means of significantly raising taxes on working class American to more than pay for the $4.5T in tax breaks that the president is giving to the wealthy, while telling America and the world that he is using the import taxes to correct trade deficits, which is a total and blatant lie.
How horrible is that!!! The wealthiest 10% are allowed to blow a $4.5T hole into the US budget through lower taxes, because lower taxes are good for the wealthy, but for some reason, its OK to increase taxes on the backs of working class Americans by $7.5T , when they are struggling to afford the cost of living already.
This already sounds like an economic horror show that could not possibly get worse, but I am so so sad to say, that it gets much worse and much more horrifying. The $4.5T tax break for the wealthy and the $7.5T import taxes that the working class is paying for is going to support these two major initiatives that the presidents donors are demanding, now that they have directly helped to get him elected.
At the behest of Energy and Auto Industry, President Trump is leading an effort to Destroy all or as many programs and initiatives related to climate change as is humanly possible, both domestically and around the world. This is similar to what happened when the US energy industry ignored in 1950, the threat of oil production in America peaking in 1970 and the catastrophic consequences for the US economy that followed because America took the path of least resistance and failed to prepare for Peak oil Production in 1970, which is exactly what happened as the science had precisely predicted 20 years earlier. It is estimated that the incremental costs from damages related to climate change on a yearly basis will approach $7T a year, each year as we approach the year 2050. Today those coasts are about $160B per year. The science is clear, we can prevent this catastrophe from unfolding right before our eyes, a death sentence for our children and grandchildren….but we must act now. We have to stop ignoring the lessons of history, staring us right in our eyes……..and we continue to do nothing because we do not believe it will affect us or our loved ones and because we believe religiously by our thoughts and more by our actions that……..WE ARE NOT OUR BROTHERS KEEPER!!!!!!!
AI is being funded by the ginormous tax cuts and import taxes on the backs of working class Americans. But what is so insidious about this is that AI is being developed with as minimum amount of regulation as is humanly possible. President Trump is allowing this , because it gives corporations the maximum freedom to implement AI in a way that maximizes profits and returns to the wealthiest corporations and investors on the planet, which does not imply, but actually really directly means that those catastrophically massively maximized profits to the wealthiest people on the planet will be achieved at the direct expense of lost jobs and permanently lost ways of life for the bottom 80% to 90% of Americans in American and people all over the world. The massive hollowing out of middle class jobs by globalization over the last 40 years will look like a nice Sunday walk through the park, compared to what is coming with AI destruction of employment and employment opportunities in America and around the world, if the Federal Government does not do its job and ensure that this technology is developed in a way that makes life for all Americans so much more productive, convenient and economical. If there is no intervention by the Federal Government to make AI work best for all Americans, it won't take 40 years for the wipe out of middle and upper middle class jobs in America, but it will happen over the next three to five years. We know this absolutely the path that Donald Trump and the republican party have planned because corporations are spending Trillions of dollars to create and maintain AI, with very little analysis or recommendations about how AI is going to create real value for everyday Americans, because that is not in the plans. Investors and corporate America are going to get those savings by putting Americans out of work and then say well don't blame us, its just business, its just technology, we cant stop progress for………"THE PEOPLE"............ But what is progress for, is it for the People or is it for only a small fraction of the privileged people who already have all of the advantages and support to be successful, prosper, exploit and dominate if the government does not do its job and protect the interest of all the people in American society and the US economy. You already know, and if you don't know, now you do know…….massively crazy layoffs of working and upper middle class workers, with AI profits going to the moon, with the benefits accruing to the wealthiest 10% of Americans in America, $25T - $30T, with the bottom 90%........out of sight out of mind…………….Right…………….Wrong, the US and global economies will likely implode into a chaotic mess, so much hate, envy and strife when the American people see that they have been conned into remaining patriotically sleep so that the wealthy and powerful Republican 1%, could steal our democracy, our economy and our society, from us, right before our wide opened but blinded eyes, while they laugh themselves all the way to the bank. Unfortunately, this is a loose - loose scenario for everyone. The US Economy implodes from sustained and serious lack of demand from structural unemployment and there is absolutely no trust in the government now, given the $30T con game that was run on them over the last 3 - 8 years. Good luck bringing Americans together after all of that deliberate con games that allowed Corporate America to steal our economy and society from us. Where is the fundamental basis for trust and cooperation to support an economy and fractionalized money system????? We don't want to go there, that is why we must stop this now, and chart a course proposed by the Economic Gospel for the USA, outline in the earlier sections of this document. Let's Do This!!!!!
let's discuss, what are your comments, questions, recommendations, feelings, etc……
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