Trump's Tariffs Made Me Poor... now what?

Ex-Google TechLead on Trump's "Liberation Day" tariffs.

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[mickmoon]

You know its bad when TechLead has to make regular videos

[davidzhang]

You know it is bad when he didn't say "as a millionaire"

[Kerrycaberga]

Living under a bridge (as a millionaire)

[allanzheng]

Ex-Millionaire forced back to work - making YT vidoes to make the ends meet

[sarunasgincas]

ChatGPT prompt that Trump's team used:
"Calculate tariffs that U.S. should charge other countries. Use imports, exports and stuff."

[NeilKilburn]

“Umm.. I’m poor again. I’m just like you guys now.” 🤣🤣🤣. Classic TechLead intro.

[SierraM]

Crap I'm poor. Oh wait, no changes I guess.

[JimDonato-kr]

Trump's tariff idea is all about transferring wealth from common people to the wealthiest in the US. He will cut the income tax for the riches and corporate tax. The revenue has to be generated somewhere. Tariff is a form of a general tax. No matter what income level you are in, you pay the same amount of tax for the goods and services. It's perfect way of transferring wealth to the richest.

[CharlesT.Foster]

Once markets really grasp that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves

[MattsMkia]

The economy is struggling with uncertainties, global fluctuations, and the lingering effects of the tariffs, leading to instability. Rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote growth.

[sarunasgincas]

Pre 2020: Taxes as a tax
2020-2025: Inflation as a tax
Post 2025: Tariffs as a tax

[iTzDritte]

😂 The real story is the last 6 seconds of the video 😂 “Honestly I’m just trying to pump my bags. I’m broke out here.”

[SeanTalkoff]

I think one of the biggest misconceptions is that Trump's tariffs only affect big businesses. It's not that simple—these tariffs can trickle down to everyday consumers, impacting the prices of goods we buy regularly. I made the mistake of assuming tariffs were just a "big business problem" until I noticed my grocery bill creeping up.

[hopscada]

If Nike makes a pair of shoes in Vietnam, and sells for $100， the workers probably only made $5, Nike probably got $80. $15 went to shipping and others. So most money was made by Americans.

[JoeCryptoBravo]

Tech, if you're poor like us, that means we're pretty much homeless and in poverty.

[CraigLuner]

Can you lower the taxes you owe when switching to a Roth IRA?

[SophiaSchmidt-ww]

Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[onfire]

What’s also crazy is that only physical goods were taken into account. Meanwhile US companies „export“ their services (Microsoft, Google, Meta, Amazon) worldwide and dominate this market

[HeritageWealthPlanning]

8:29 “steel needs to be imported”

Exactly! How can people not see this is a problem?

[anasoualla]

We got a record of four videos in less then a week 🙌🏻