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.
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.