“Remember tariffs are a tax, and they’re primarily a consumer tax,” Scaramucci added. It’s “a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is the poor people — it eats up more of their disposable income than any other income group.”

“Tariffs are actually — we’ve had a lot of experience with them. They’re an act of war, to some degree,” Berkshire Hathaway (BRK-B) CEO Warren Buffett said in a new CBS News interview on Sunday.

  • @[email protected]
    link
    fedilink
    232 days ago

    To me it seems as if the plan is to make it worse for the average person, up till a point that it is almost unbearable. Then spin the narrative blaming the other countries for the situation. Get the base riled up (history has shown that that is quite easy to do). Declare martial law and “expand” American territory.

    -> No elections during war time?

    Ah, just thinking out loud here. Probably overreacting…

      • @[email protected]
        link
        fedilink
        52 days ago

        Definitely in tandem; once you’re at war, you can round up the local undesirables as spies/enemy sympathizers/etc