Like most things, Donald Trump does not understand the riots that have been ongoing in France. He retweeted a tweet from one of his sycophants saying the protests are about “radical leftists” fuel taxes and “We want Trump” was being chanted through the streets of Paris. Other conservatives have been claiming that the protests are against socialism.
The protests are partly about fuel taxes, which French president Emmanuel Macron planned to raise by about 30 cents a gallon and continue to increase over the next few years in a nation where gas is already over $7.00 a gallon. The protests aren’t against socialism, as the taxes aren’t going to social services. People aren’t screaming for an end to the government’s health and education system. And, there has been no chants of “we want Trump.”
Even the most rabid socialist doesn’t want to pay $7.00 a gallon for gas. This increase is hitting the middle class and hurting the rural population in France, making them feel that Macron has abandoned them and bailed on his promises.
Macron is using the tax to expand France’s economy and make it more pro-business. He’s trying to encourage the rich to invest more in the nation. A lot of people in France believe the rich are overtaxed, but they don’t want to be the ones to pick up the slack while cutting them a break.
Macron has actually been cutting social programs, scaling back labor protections, made it easier for companies to hire and fire, and fought unions to end subsidies. Shortly after taking office, he cut taxes for corporations and the wealthiest 10 percent of French households. He’s no Hugo Chavez.
France’s economy is growing, but slowly. Most of the growth is centered in the major cities, like Paris. The rural areas of the nation feel left out and the gas tax hurts them more than their urban countrymen, who don’t need to own cars as much.
The protests are more about an out-of-touch elitist president whose policies favor the wealthy and corporations at the expense of working-class French people than they are a middle-class rebellion against Marxism. And, they’re definitely not a call for a leader like Donald Trump. I doubt the French would want a president copying the mega tax cut Trump has given to the rich in the United States.
Donald Trump has experts in intelligence, economics, and foreign relations who can explain things to him. Of course, for him to learn from them, he would have to actually listen and comprehend the information. Unfortunately, the president of the United States is much like your crazy uncle and gets most of his information from memes on social media. This is why Trump still believes, even after having it explained to him twice by Bill Gates that HPV and HIV is the same thing. Why he’s harassing poor Bill Gates about that, I do not know.
Trump understands the French protests, HIV, and HPV about as well as he understands tariffs. Trump says he’s a “tariff man,” which is like saying he’s a tax guy. He brags that his tariffs are bringing in millions, not understanding that money is mostly coming from Americans paying for his stupid tariffs. Tariffs are taxes.
Now, thanks in large parts to Trump’s tariffs, the stock market is weakening and doing scary stuff, the economy is slowing down, Factories are closing, people are losing jobs, the deficit is growing even larger, and the U.S. trade deficit is at its highest level in over a decade. In fact, the deficit with China, in particular, is at a record high.
Trump lied about having a deal with China and the stock market started to rebound. When it was discovered, and the administration actually admitted, that Trump lied about a deal, the market started to tank again. Trump has based his entire economic prowess on the stock market and the trade deficit. Now, we’re seeing what we already knew. There is no prowess. Traders need to stop making decisions based upon the shit that comes out of Captain Dumbass’ mouth.
Tariffman is not a slow learner as there’s no learning whatsoever.
Watch me draw.