Summary

Home Depot co-founder and GOP megadonor Ken Langone blasted Trump’s sweeping tariffs as “bulls–t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.

Langone criticized the administration’s formula, based on trade deficits, as nonsensical.

Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.

Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being “poorly advised” on trade policy.

  • Allonzee@lemmy.world
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    3 days ago

    “Why the fuck are you stupid leopards eating my face?!I bribed good money to have them eat the poories while I laughed!”

  • boolean_sledgehammer@lemmy.world
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    3 days ago

    Every goddamn conservative parasite in this country needs to carry the stain of Trump until the day they die. Any time any one of these blubbering fucks tries to speak they need to be reminded of what their diseased worldview got us.

    Don’t argue with them, don’t attempt to reason with them, just remind them how badly they absolutely fucked everything from here on out.

  • tigeruppercut@lemmy.zip
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    4 days ago

    These kinds of people could lose 90% of their wealth and nothing material would change in their lives (ok maybe after they drop down to mere 100 millionaire status they’d have to sell the mega yacht). It’s hilarious to see people like this getting upset because “number went down”, when they could just choose to not be upset about it-- they’re literally too broken in their brains to be happy.

    • barneypiccolo@lemm.ee
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      3 days ago

      They have mental illness - OCD and Hoarding.

      If I collected old newspapers, or cats, or old vehicles, etc., far beyond what anyone would consider normal, I’d be called a hoarder, and people around me would try to get me medical attention.

      But when these people do the same thing with money, they are practically worshipped, and they are encouraged to hoard more, and use their money to change the laws to get them even more money to hoard. Imagine someone who is hoarding hundreds of cats, and actively breeding more of them. NOBODY would encourage it, they would take the cats away, and find them new homes, and get psychatric treatment for the hoarder.

      We need to treat billionaires like the financial hoarders that they are. Take away their hoard, and discourage hoarding behavior in the future, for the same reasons that we would remove the cats - because it’s bad for society.

    • oxysis@lemm.ee
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      4 days ago

      But they need their 16th new mega yacht this week!!!

      /s

      • angrystego@lemmy.world
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        4 days ago

        I don’t think it’s just about possessions for them, it’s about power, influence. If he get’s slightly poorer, he may no more be able to buy politicians and make them do what he wants.

        • gonzo-rand19@moist.catsweat.com
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          3 days ago

          You can buy a US congressperson for as little as $10-15k depending on the state, so that really can’t be it. Check OpenSecrets for confirmation.

  • SpiceDealer@lemmy.dbzer0.com
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    3 days ago

    Ken Langone blasted Trump’s sweeping tariffs as “bulls–t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.

    Well, you should’ve thought about that before you donated money to him.

    Megadonor? More like Mega-simp.

  • Bellingdog@lemmy.world
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    4 days ago

    Sit back, and watch your shit get wrecked by the man you thought you’d purchased.

    That’s the power of the Home Depot.

  • A_Random_Idiot@lemmy.world
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    4 days ago

    “These tariffs are affecting me, there for they are bad and wrong! He should have calculated them in such a way that didnt affect me, personally!”

    • Ænima@lemm.ee
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      3 days ago

      But they never do, nor will they ever have to. They can just sue the company for poor stock performance and then claim the unrealized losses as a tax write-off this year. It’s infuriating. If aliens are real, I hope they can summon the billionaires money in physical form and then drop it on them.