Trump Wants Walmart to 'Eat the Tariffs'
We now understand why all of Trump's businesses went bankrupt.
This is an image of one of Trump’s failed casinos in Atlantic City. If you wonder how one so-called business genius has suffered so many large-scale bankruptcies, then let me remind you what he advised the nation’s largest retailer yesterday: “Eat the tariffs.” Donald Trump is brazenly telling the CEO of the world’s largest retailer to lower his earnings by potentially as much as 30 percent.
Trump went further in his warning/free business advice. He told Walmart that they had earned enough last year, more even than they expected, so that they could forgo a little profit. This comes from a man who grifts more than any president in history. Trump’s wealth has increased by billions since he retook the White House. He has turned the White House and his presidency into America’s first red light district. He is a whore, a crook, a convicted felon, and now he is a aching to become a communist. Donald Trump is actively trying to set prices for which private companies can sell their goods.
Don’t get me wrong, I hate Walmart. Few companies have done so much to destroy Main Street and small businesses as Walmart has. They pay their workers so little that more Walmart employees are on welfare than in any other company. U.S. taxpayers are paying a portion of the salaries of many Walmart workers, so the lies about the low prices make me angry. Nonetheless, to explain to conservatives, libertarians, or MAGA cultists how opportunity costs work and how the so-called cheap goods of Walmart indirectly raise prices for all Americans is next to impossible, so let’s say, for the sake of this argument, a Frisbee costing $10 is better than one costing $13.
I don’t want a U.S. president dictating to companies how they should price their goods, especially when the reason for the need to raise prices is directly linked to insane and ridiculous decisions made by that president. So, screw Walmart, but in this case, I am on their partially because once the government starts determining prices for companies, and in this case a retailer, you have to wonder what the government will lean upon other free-market activities?
Trump made a colossal mistake by imposing tariffs, and now, when exactly what every economist in the world told him would happen is happening and prices are going up to cover the tariffs, Trump is acting like money means nothing to him and that private companies should just “eat the tariffs.” In the way that the Soviet Union ruined its economy eventually due to decades of making economic decisions based on politics and not basic principles like supply and demand, so too, Trump is now trying to dictate to American companies how they should run their companies lest he suffer politically.
He is ruining the U.S. and world economy for political reasons with little or no regard for economics. Trump is a dunce, and he is surrounded by fascists and criminals who should all be “86'd” immediately.
If you want to know what will eventually happen thanks to Trump’s lack of understanding of how to run businesses successfully, just look at the image above. That is a Trump casino. Just look at Atlantic City today. This is Trumpsville, folks.
If you enjoy my writing, you can pick up my new book here.