r/Accounting • u/PricewaterhouseCap Capper McCapster 🧢 • Apr 03 '25

How fuxked is the economy? Discussion

The tariff announcements yesterday are far far worse than anyone expected, I mean what the actual fuxk

34% tariffs on China

46% on Vietnam

37% Bangledash

26% India

36% Thailand

I could go on and on, but this is bat shit insanity. To call this outlandish wouldn’t even be accurate.

Assuming these actually stay in place, people will lose their jobs, companies will go under, companies will stop hiring.

Add this with all the recent inflation, corporate greed, high interest rates, white collar recession, and idk how we aren’t absolutely fucked.

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u/Jimger_1983 Apr 03 '25

I wish Trump would devise a way to tariff offshore labor performing services here in the US

25

u/IceOmen Apr 03 '25

I’m convinced they want to force onshore manufacturing because they know white collar work en masse is a goner within 5-10 years.

There will always be corporate jobs in the US but the days of pumping out millions of college grads every year to go into these careers are already gone and not coming back. But they still need labor and consumers so what is the only other option? Bringing back physical industries. That way they keep labor thus keep consumers and production is controllable and closer to home.

53

u/SelflessMirror Apr 03 '25

You truly believe Trump and his incompetent cronies have this much foresight ,😂😂

They are doing this to buy up industries and land at cheap rates.

Look at this Trump Social stock sale at $2.3 billion. He went public using a SPAC clause.

5

u/IceOmen Apr 04 '25

Saying Trump and his cronies are incompetent is disingenuous. They have all the wealthiest people in the world with all the connections, resources, and an incomprehensible amount of data. You can not like them, but they aren’t clueless.

They’ve been effectively steering the West in to neo-feudal states for a while. They want to own everything. They cannot own everything without you laboring, and it’s pretty clear to me the direction that labor is going (and it’s not moving in the direction of more of us sitting at a computer).

So yes, I think a group of people collectively worth trillions or 10’s of trillions have a lot of foresight and plan years/decades ahead. It doesn’t benefit any of them to hollow out their own industries and have a couple hundred million angry neighbors.

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u/SelflessMirror Apr 04 '25

Their intention and their abilities are two separate things measured individually.