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I don't sit inside of Trump's head and I
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don't have any direct line of
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communication to folks that are
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constructing the theory and the policy
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if I were to say what's the most
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masterful plan in an optimistic way of
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what could be going on here I would kind
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of craft it as follows tariffs aren't
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being done in isolation they're being
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done along with a coordinated policy
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effort to reduce income taxes and
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another policy effort to reduce
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government spending so those are three
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legs on a stool tariffs reduced income
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taxes reduced government spending
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they're related to each other because if
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we increase tariffs to import products
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is more expensive when the industrial
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supply chain goes to the lowest part of
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production it's going to end up
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offshoring when there's no tariffs and
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if there are tariffs then you start to
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do production here so you're increasing
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both security for the US supply chain
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but also increasing demand and creation
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of a Workforce I think that the income
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tax piece is critical here because in
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order to make the capital available to
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build that industry here we need to
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unleash capital and reducing of income
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taxes the economic theory would be that
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Capital will now flow into these
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entrepreneurial activity these
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opportunities that have emerged where
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suddenly it makes sense for me to make
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textiles to make metals to make
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materials to make cars to make all this
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stuff here in the United States that I
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otherwise wouldn't be making so both the
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corporate and the personal income tax by
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reducing it unleashes capital that
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instead of going into the government it
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now goes into the private sector into
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building businesses by reducing
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government spending we are moving
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workers from the government into the
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private Workforce so as those new
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Industries pop up as those Investments
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start to get made in building new
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industry on Shore where are the workers
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going to come from that will unleash the
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workforce and it will counterbalance the
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inflation that we're experiencing so
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there's a lot of inflation because of
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tariffs and by reducing government
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spending that's the offset to inflation
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so those three actions I think are three
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legs of a stool and they actually are
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all interrelated to one another so that
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would be my grandmas theory of what
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might be going on
