The economics of Trump II

Trump is promising lots of tariffs if he’s elected. Make no mistake: American consumers pay tariffs, not the exporting country. US consumers will be hit by (a) increased cost of imported goods, and (b) increased cost of domestic goods, as domestic producers raise prices to match imports. Econ 101.

Trump is promising to lift taxes on tips and on Social Security benefits. That will exhaust the SS trust fund even faster, with retirees being socked with a ca. 22% reduction in benefits.

Trump is promising to round up and deport >10 million workers. Who will do their jobs at their wages? More Trump inflation, as the price of goods and services go up. Econ 101, peeps.

None of this takes into account the cost of rounding up and incarcerating >10 million humans in concentration camps. That ain’t free. That’s tax dollars that won’t go for roads, bridges, security and the military.

Train wrecks are stopping to gawk at the Trump campaign, yet he’s pulling even with Harris. This is insanity on stilts.