What impact do you think it will have on you?
Are there critical items to purchase now that will be too expensive to afford next year?
Are you changing your savings or investments?
Can’t do much but pay bills. If things get harder then they already are it will slow down or reverse my plan to drop 1 or 2 of my part time jobs.
there is nothing I could possibly do that would alter how much it affects me unless I suddenly got a lot wealthier
Tariffs amount to a higher inflation rate / a regressive tax, as they will not subsidize local industry to any significant level. You will not see wage increases or more jobs from it. Probably the opposite.
This will be a quantitative change, it will look like 2022-2024 but with a higher effective inflation rate, translating into a transfer of wealth from the poor to the rich.
More people will experience what it’s like to earn 10-20% less money and have fewer job prospects. One would hope that this teaches humility and solidarity, but in a country that only knows how to punch left, that will be an uphill battle that must nevertheless be fought.
As long as the rich get richer, the system is working as intended. Voting will not change anything other than how fast the wheels fall off this bitch.but we still have to, so we crash later rather than sooner.
I bought two 16TB hard drives that I intend to fill with the content I generally pull down as I need it. Game roms, books, videos, a backup of Wikipedia(real). I’m already about 80% of the way there with preserving what I want to preserve. The other 16TB drive will be a copy. I can keep it in or around my toolbox at work just in case anything happens at the house, fire or flood, whatever.
I don’t seriously consider content being harder to acquire in the Trump presidency considering that’s mostly the Middle East, India and Romania if SoulSeek is anything to go by, but it gives me peace of mind.
As for spending… what spending?
I’m poor, but I already only spend on utility and literally nothing else. It’s helpful, really. I don’t buy crap and always have money for what I need, but I know I’m the minority, here. I’m always willing to suffer if it means I have headroom, to my family’s constant worry.
I cook constantly. I bake about two loaves of bread a week. My house generates baked goods on a constant basis for everyone around it, and I sell here and there. Flour is cheap, making variety is easy and everyone loves it.
You wanna survive this shit?
- quit streaming anything, pirate everything
- effort is money
- you don’t need it
- only pay bills that can’t be garnished or risk repossession
- name brand means poison
- see an ad? Never buy the product. Fuck em.
Run as close to the grain as possible. Don’t buy their shit. Don’t buy anything they’re associated with and if they try to control something, starve yourself of it. Fuck em. Don’t let the bastards win.
I grabbed a four-bay RAID and some drives for the same reason. I highly recommend you also get a UPS if you can so that random power outages (which are more likely) don’t crash your drives.
Getting my financial situation shifted to risk adverse and saving as much as I can.
Finally getting a generator. I live in a rural area. Not having a generator was a huge hole in my setup. We also got a wood stove earlier this year for backup heat. I had longer term plans for solar but now it looks like that may be impossible since China makes all the equipment, and it’s already difficult to balance the utility with the expense.
I’d mostly just be shocked a politician followed through on campaign promises
I think it’s going to hurt me as a retail worker. Any retail worker knows, that your pay is usually based on how well your store is doing. And your store’s profit is tied to the purse of the corporation that in turn, pays you. Now if Trump is dead set serious on wiping Immigrants out of the workforce and not willing to raise the wage and combat inflation (we know he won’t). That just means the corporations will start cutting jobs than doing what’s right.
And if hundreds of retail jobs are cut, so there will be store closures. Store closures happen, you’re out of work because people will not want to pay the high prices of inflation once everything is in full swing.
So, I don’t know how I’m preparing for this. It’s going to upset a lot of my plans going into next year if my store is affected. I work at Wal-Mart and basically their stance is they’re going to raise prices so we can expect to see jobs cut and store closures because of underperforming profits of said stores. Simply because a so-called “businessman” doesn’t know how the fuck tariffs work.
As a shopper. I guess it’s back to relying on Dollar Tree again…
Moved forward large purchases that cannot be delayed 5 years.
I am not changing my investments. My predictions on market impacts tend to be wrong. The stock market and the economy are not the same thing (market can be up during recession).
I am working to get healthier and update vaccinations. I don’t know what is coming but being able to run, climb, and lift are versatile.
Is this perfect cell on namek? What is the context?
I stocked up on ammunition. Should be good for a while
Somebody should make a website that tracks prices on goods and other items from the day Trump becomes president and throughout his term.
He said he would lower prices. His politics says the opposite. Let’s see.
That’s the Consumer Price Index.
There’s also the related Producer Price Index which unfortunately does not include tariffs but will be interesting to watch.
Don’t forget the Big Mac index, apropos given the incoming administration.
If you think government metrics during trumps presidency will be accurate, i have a bridge to sell you.
Most .gov websites are essentially useless the moment trump takes the throne.
The CPI is a key economic indicator. It’s unlikely that banks and markets would tolerate that kind of meddling.
But, if the CPI was changed for political reasons, there are other similar stats.
In plain language: Wall Street can make or lose billions of dollars based on correctly/incorrectly forecasting this stat, so you can bet your ass they have accurate data. Some of it is private; some is available to paying customers. Even if the data is not public, it is often publicly characterized, for example, in economic forecasts and in publications like The Economist.
Some examples of alternative CPI sources are: PriceStats and The Economist’s Intelligence Unit. Both require paid access.
Be aware that freely-available stats may be published with political agendas, by Fox News conspiracy theorists, etc.
Funny that you think they’re accurate now. Doesn’t matter WHO is in office, the feds tell you what they want you to hear.
This should be tracked regardless of who’s in charge
Well, yeah, but he’s made it a big part of his campaign. In reality somebody should make a list of ALL promises they make, and then see who’s trustworthy.
probably would only work well if backed by a browser extension, camelcamelcamel is nice but IDK what covers local prices for grocery stores.
Whatever happens happens. Don’t really care that much anymore.
Gettin into mycology. Oyster mushrooms are a good meat substitute, and easy to grow
Upping my smelting and casting game to start producing gears and gear-based machinery
I’m lookin into and learning more about mini greenhouses and how/what is easy to start growing. If i am successful i want to show others in my town how to break some of kroger’s grip cuz shit’s getting real out here. It feels like something im maybe capable of, so i guess I’m starting by pretending i can.
the most expensive item I own is a bicycle and I’ve never had savings. i’m already $30k+ in debt so whatever
