I'm a leftie but I'm working class. I'm a fairly well spoken and educated person for a working class American (not a character statement/judgement) and this, respectfully, had my eyes glazing over and reminds me of safety training modules (NOT A JUDGEMENT, I love this information I'm just making an observation). I imagine this would set the median voter on fire with big words and voice to text speech. It would maybe be better done by a person with a whiteboard, but that's much more expensive, I imagine. I subscribed and I'll watch all the videos, I'm just saying I don't know how much this would have changed things a couple weeks ago. This needed to be pushed YEARS ago. We need to be as active as the opposition.
@@1onelyone Tbf, a lot of them also took issue with her race. And a lot of them are genuinely ignorant about economics, they just think "2016 I had it best, 2020 I had it bad, 2024 I have it better" and they don't realize that Obama caused the 2016/2017 economy.
In the age of xitter, tictoc and shorts, very few has the attention span to process anything that can't be summer up in a sentence. Because most things are nuanced (especially science!), most people cannot care less to inform themselves properly.
Another example of a tariff that many right wing men will relate to is the "Chicken Tax" on imported light trucks and commercial vans. For context, almost all pickup trucks are light trucks. A medium truck would be something like a box van and some dump trucks. Heavy trucks are tractor trailers up to mining dump trucks. The "chicken tax" tariff is a 25% tariff that was imposed in 1964 by President Johnson in response to tariffs placed on U.S. poultry products imported into European countries. It is one of the reasons, but not primary reason, pickup trucks have gotten so expensive in the U.S. It is also the reason why we can't have nice things, like the VW Amarok and Toyota 79-series Landcruisers. It is also why the Ineos Quartermaster (truck) is over $100k while the Ineos Grenadier (SUV on same frame) is $80k and why we don't get the cheaper version of the Grenadier that is intended for tradesmen. It is also why we have to wait 25 years to import the awesome little "Kei" trucks from Japan.* * Any vehicle more that 25 years old can be imported into the U.S. without restriction.
As someone who has really been curious about this and tried googling it and ending up even more confused thanks to not knowing much about Economics, this was incredibly helpful. I'm not from the US, but I think the basics (even if the specific numbers and goods might be different) of how it works might be similar. I have read in the news about this here too, maybe I can look into it better now with some understanding already there.
It's also important to understand that tariffs don't have the capacity to bring in new industry (or bring back old industry that has completely left the country). It costs too much and takes too long to build factories from scratch--they can't possibly be profitable, even with protective tariffs.
At first I thought "What a waste of time, everyone know this stuff. I was taught in high school" Then I started talking to the younglings. They had no clue about how any of this works. Why it works or even why they should care. More questions followed by answers. I then have come to the conclusion this is something the younger generations desperately need to understand. This and all the other topics you so far have brushed on. They are not stupid just uniformed and when properly informed they came to a sound conclusion.
Other scenarios: Tariff is imposed on product that a small business uses as a component of its product. The business may not be able to switch to a domestic version quickly because there isn't one or because they would have to breach their contract with the foreign producer of the component. (Remember, the foreign producer didn't raise the price; a tariff (domestic tax) did. If customers won't pay the higher price, the small business may need to reduce workforce or close the business entirely. Consumers may not realize that increased cost is because of a tariff. If the tariff increases the cost the components of farm machinery, farmers will pay higher prices for equipment when they have to replace theirs. They will have to raise the price of the food they produce in order to stay in business.
Someone told trump that tariffs would be a great way to fund lowering taxes for the rich. Every US consumer will pay for this and other policies designed to grift off the American people.
I wish I saw this video weeks ago. I got into a discusdion with people both for and against tarrifs. The sad thing is that their rationale was political and had nothing to do with how tarrifs actually work. It was "Tarrifs are just a tax on the American consumer" vs "If tarrifs were so bad why didn't Biden remove the them when he got into office". Neither of cared to understand what the tarrifs actually did and why their costs and benefits are. All they cared about was the taking points they heard from the candidates.
You forgot to mention in the steel example that the tariff allows local producers to add $10 to their price (and boost profits) while still being evenly priced with the imported competition. 🙃 Edit: i see that you do get there eventually... good on ya 👍
One point in which the definition could be improved is being explicit about who pays the tariff and how the costs are usually passed along to the consumer. The importer pays the tariff, not the exporter. Unfortunately, we have an incoming president who does not understand this fact or has lied to his woefully misinformed supporters.
So obviously Trump does not understand the consequences of tariffs, and no one in his administration will explain it to him. The next four years are going to be really fun. 🤣
He's the kind of person who doesn't bother trying to understand anything he doesn't care about. Unfortunately, the only things he cares about are himself, his own pleasure, and his reputation as the best, richest, and most powerful man to ever live.
So it sounds like some very specific tarrifs could have been helpful 30-40 years ago when industries first started moving overseas in droves, but now (and especially applied so broadly), they're just going to make everything worse for Americans and aren't likely to increase domestic production by much.
Don't love the AI voice, and could've done more with the visuals to aid the information. Which was concise and informative, but I suspect it was also AI-generated 🥲a little human touch matters!
Who else is here thanks to Belle? 😁
It's just a thought, y'all have a good day!
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Don't forget to subscribe! We've got lots more coming
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Excellent video. I wish it had been available a week ago and viewed by approximately 71 million American voters.
They still wouldn't have listened..they were determined to vote against a woman, i.e., their own best interests..sigh
I'm a leftie but I'm working class. I'm a fairly well spoken and educated person for a working class American (not a character statement/judgement) and this, respectfully, had my eyes glazing over and reminds me of safety training modules (NOT A JUDGEMENT, I love this information I'm just making an observation).
I imagine this would set the median voter on fire with big words and voice to text speech.
It would maybe be better done by a person with a whiteboard, but that's much more expensive, I imagine.
I subscribed and I'll watch all the videos, I'm just saying I don't know how much this would have changed things a couple weeks ago.
This needed to be pushed YEARS ago. We need to be as active as the opposition.
@@1onelyone
Tbf, a lot of them also took issue with her race. And a lot of them are genuinely ignorant about economics, they just think "2016 I had it best, 2020 I had it bad, 2024 I have it better" and they don't realize that Obama caused the 2016/2017 economy.
In the age of xitter, tictoc and shorts, very few has the attention span to process anything that can't be summer up in a sentence.
Because most things are nuanced (especially science!), most people cannot care less to inform themselves properly.
Another example of a tariff that many right wing men will relate to is the "Chicken Tax" on imported light trucks and commercial vans. For context, almost all pickup trucks are light trucks. A medium truck would be something like a box van and some dump trucks. Heavy trucks are tractor trailers up to mining dump trucks.
The "chicken tax" tariff is a 25% tariff that was imposed in 1964 by President Johnson in response to tariffs placed on U.S. poultry products imported into European countries. It is one of the reasons, but not primary reason, pickup trucks have gotten so expensive in the U.S. It is also the reason why we can't have nice things, like the VW Amarok and Toyota 79-series Landcruisers. It is also why the Ineos Quartermaster (truck) is over $100k while the Ineos Grenadier (SUV on same frame) is $80k and why we don't get the cheaper version of the Grenadier that is intended for tradesmen. It is also why we have to wait 25 years to import the awesome little "Kei" trucks from Japan.*
* Any vehicle more that 25 years old can be imported into the U.S. without restriction.
Thank you. A very concise and helpful explanation.
Saved to playlist to start “the change” for Mid-terms💙. A lot of particular voters need to see what’s really coming.
Sounds about right! Looking forward to more. 😀
As someone who has really been curious about this and tried googling it and ending up even more confused thanks to not knowing much about Economics, this was incredibly helpful. I'm not from the US, but I think the basics (even if the specific numbers and goods might be different) of how it works might be similar. I have read in the news about this here too, maybe I can look into it better now with some understanding already there.
⭐️🇺🇸🙂🙂🇺🇲⭐️
Belle & Beau
It's also important to understand that tariffs don't have the capacity to bring in new industry (or bring back old industry that has completely left the country). It costs too much and takes too long to build factories from scratch--they can't possibly be profitable, even with protective tariffs.
Thank you
At first I thought "What a waste of time, everyone know this stuff. I was taught in high school" Then I started talking to the younglings. They had no clue about how any of this works. Why it works or even why they should care. More questions followed by answers. I then have come to the conclusion this is something the younger generations desperately need to understand. This and all the other topics you so far have brushed on. They are not stupid just uniformed and when properly informed they came to a sound conclusion.
Yeah, there's been a gap in education. It's not their fault.
Gotta teach to the Almighty Test.
Letters make words, 7 words feed the algorithm ✌💜
Other scenarios:
Tariff is imposed on product that a small business uses as a component of its product. The business may not be able to switch to a domestic version quickly because there isn't one or because they would have to breach their contract with the foreign producer of the component. (Remember, the foreign producer didn't raise the price; a tariff (domestic tax) did. If customers won't pay the higher price, the small business may need to reduce workforce or close the business entirely.
Consumers may not realize that increased cost is because of a tariff. If the tariff increases the cost the components of farm machinery, farmers will pay higher prices for equipment when they have to replace theirs. They will have to raise the price of the food they produce in order to stay in business.
Someone told trump that tariffs would be a great way to fund lowering taxes for the rich. Every US consumer will pay for this and other policies designed to grift off the American people.
damn we're cooked huh
I wish I saw this video weeks ago. I got into a discusdion with people both for and against tarrifs. The sad thing is that their rationale was political and had nothing to do with how tarrifs actually work. It was "Tarrifs are just a tax on the American consumer" vs "If tarrifs were so bad why didn't Biden remove the them when he got into office". Neither of cared to understand what the tarrifs actually did and why their costs and benefits are. All they cared about was the taking points they heard from the candidates.
Those conversations are why this channel got started.
@@impartialpointsThanks for that. The only thing they seemed to agree on is that was that I was "both siding" the issue. This will help.
You forgot to mention in the steel example that the tariff allows local producers to add $10 to their price (and boost profits) while still being evenly priced with the imported competition. 🙃
Edit: i see that you do get there eventually... good on ya 👍
One point in which the definition could be improved is being explicit about who pays the tariff and how the costs are usually passed along to the consumer. The importer pays the tariff, not the exporter. Unfortunately, we have an incoming president who does not understand this fact or has lied to his woefully misinformed supporters.
So obviously Trump does not understand the consequences of tariffs, and no one in his administration will explain it to him. The next four years are going to be really fun. 🤣
I believe that type of fun is really painful.
He's the kind of person who doesn't bother trying to understand anything he doesn't care about. Unfortunately, the only things he cares about are himself, his own pleasure, and his reputation as the best, richest, and most powerful man to ever live.
So it sounds like some very specific tarrifs could have been helpful 30-40 years ago when industries first started moving overseas in droves, but now (and especially applied so broadly), they're just going to make everything worse for Americans and aren't likely to increase domestic production by much.
💙💯🤘✌👍
Damn. I thought tariffs meant China was going to have to pay for everything and we would no longer have to pay any taxes whatsoever.
Just like Mexico paying to put up our wall.
That means you're okay with slavery and taxation without representation, that would be very un-american tho.
I'm just here to validate my opinions.
And what's that? That America is cooked? Lol
@ that we’re in for a major recession if Trump and the presumptive heads of his administration implement their economic plans.
Customers, not consumers.
Great info, although a bit too much repetition where it wasn't really needed.
Me
Roses are red. Violets are blue.
Corporations don't really care about you.
zx
🍋🟩🤠
Don't love the AI voice, and could've done more with the visuals to aid the information. Which was concise and informative, but I suspect it was also AI-generated 🥲a little human touch matters!