Playing with Fire and highly likely we will "all" get burned - a highly respected and successful Billionaire's assessment of Trump's tariffs

[Man With A Plan]

Buffett has always been the same person and thought the same way. He is a constant while Trump is a flip-flopper. The fact that he has committed to giving 99% of his money to charity shows the kind of a person he is. He is NOT greedy. As such, his ideas are (and have been) the same

You didn't answer my question, Lucky. Did Buffet say that last Spring or did he say it now? Last Spring there was doubt about what Trump's tariffs would do...something that showed up in the stock market dropping. Now the stock market is at record heights and the reason is that the tariffs haven't destroyed the US economy but have gotten us dozens of trade deals that are better for the country. So what is Buffet saying NOW?

 

[Man With A Plan]

Buffett has always been the same person and thought the same way. He is a constant while Trump is a flip-flopper. The fact that he has committed to giving 99% of his money to charity shows the kind of a person he is. He is NOT greedy. As such, his ideas are (and have been) the same

And your "constant" is already waffling on that pledge! https://finance.yahoo.com/news/warr...5YBnmg-Cx8iTfZB7Po3U72r8cEwh4MWh-8nvXWHpjOJ81

 

[Luckyone]

And your "constant" is already waffling on that pledge! https://finance.yahoo.com/news/warr...5YBnmg-Cx8iTfZB7Po3U72r8cEwh4MWh-8nvXWHpjOJ81

I do not mean to insult you, but you are total asshole.

He has not waffled as family always comes first over anyone else. Even then, read this paragraph from your own link:

Instead of a single sweeping plan, Buffett said he’s handing over most of his remaining wealth to his three children’s charitable foundations, allowing them to distribute about $500 million each year.

 

[Luckyone]

You didn't answer my question, Lucky. Did Buffet say that last Spring or did he say it now? Last Spring there was doubt about what Trump's tariffs would do...something that showed up in the stock market dropping. Now the stock market is at record heights and the reason is that the tariffs haven't destroyed the US economy but have gotten us dozens of trade deals that are better for the country. So what is Buffet saying NOW?

You really are a blind-by-choice biased person!

First of all, Buffett said his comments 2 WEEKS AGO (not last spring), meaning that the rally up to new highs had already happened.

Secondly, most people that have criticized the tariffs and said it will bring negative results, did say (as Reagan stated himself) that the tariffs may seem good at first but but that ultimately (meaning in the near FUTURE) they will cause problems.

By the way, have you seen what has happened to the market the last 4 days? It has dropped 5% in value with absolutely no negative news to trigger a drop.

and last but NOT least, here is something that everyone of us is experiencing and that proves all of the above

 

[Luckyone]

Democrat's Covid policies and other policies increased inflation. So, you're admitting that you won't attack democrat's 20% inflation while attacking Trump's 3% inflation.

I am definitely saying that I am NOT attacking Biden's 20% inflation as only a very small percentage of that was Biden

Here was the real culprit

Having said that, Biden did have a "small" hand in inflation going up, but he (and contrary to anything that Trump has ever done), did see his mistake and corrected it. That is the reason why inflation got lower than all other countries in 2023. It was Biden that did it (corrected his mistake)

Everyone makes mistakes (it is human nature) but those that have brains and no ego to prop up, realize their mistakes and they fix them. That is what is normal and what we need from a president.

We do not need a president that makes mistakes after mistakes and not only never fixes them but expands them to worse levels.

 

[Man With A Plan]

You really are a blind-by-choice biased person!

First of all, Buffett said his comments 2 WEEKS AGO (not last spring), meaning that the rally up to new highs had already happened.

Secondly, most people that have criticized the tariffs and said it will bring negative results, did say (as Reagan stated himself) that the tariffs may seem good at first but but that ultimately (meaning in the near FUTURE) they will cause problems.

By the way, have you seen what has happened to the market the last 4 days? It has dropped 5% in value with absolutely no negative news to trigger a drop.

View attachment 1185565

and last but NOT least, here is something that everyone of us is experiencing and that proves all of the above

View attachment 1185566

Where is your proof as to when Buffet made that statement, Lucky?

 

[Man With A Plan]

I do not mean to insult you, but you are total asshole.

He has not waffled as family always comes first over anyone else. Even then, read this paragraph from your own link:

Instead of a single sweeping plan, Buffett said he’s handing over most of his remaining wealth to his three children’s charitable foundations, allowing them to distribute about $500 million each year.

I simply pointed out that the man you said never changes his mind...HAS CHANGED HIS MIND! Why that makes me an "asshole" you'll have to explain? Is it because I use facts to dispute the propaganda you're pushing?

 

[Man With A Plan]

Oh, Lucky...Lucky...Lucky!!! I went back and checked! That video by Buffet was from May 5th...not two weeks ago! You're a liar.

 

[Man With A Plan]

So I ask again...what is Buffet saying NOW?

 

[Luckyone]

Oh, Lucky...Lucky...Lucky!!! I went back and checked! That video by Buffet was from May 5th...not two weeks ago! You're a liar.

when I am wrong, I acknowledge it. You are right, video was made in May. It was uploaded to Youtube "2 weeks ago". That is where I made the mistake.

I doubt he has changed his mind.

You are biased to the nth degree and that is why you are an asshole

 

[Man With A Plan]

when I am wrong, I acknowledge it. You are right, video was made in May. It was uploaded to Youtube "2 weeks ago". That is where I made the mistake.

I doubt he has changed his mind.

You are biased to the nth degree and that is why you are an asshole

You doubt he has changed his mind? The truth is...Donald Trump was right and Warren Buffet was wrong. You'll notice that you can't find a video of Buffet commenting on tariffs NOW because he'd have to admit that!

Buffet was wrong and his comments back in May made the stock market dip because people chose to believe him. The reason that the stock market is at record highs right now is that the smart money realized that Trump's policies were actually good for the US economy!

To be blunt, Lucky? This entire string was started on a lie. You think I'm an "asshole" because I pointed it out!

 

[Hafar1014]

Playing with Fire and highly likely we will "all" get burned - a highly respected, caring-for-the-people, and successful Billionaire's (Warren Buffet) assessment of Trump's tariffs.



and supporting that opinion, here is what a highly popular and successful Republican ex-President had to say about tariffs



and here more information and data on who ends up paying for the tariffs (psst, you and I will be paying for them)

Who Pays Trump’s Tariffs?​

President Trump routinely claims that foreigners pay his tariffs, which is false—U.S. importers pay them. Over time, however, foreign exporters can be expected to bear a small but rising burden of the tariffs through price cuts, while most of the cost will be borne by U.S. consumers in the form of higher prices.

If you truly care about yourself, your family and your country, you must oppose Trump's rash and incompetent tariff's raising actions.

Recent research from the Federal Reserve suggests that tariffs can lead to lower inflation by acting as a "demand shock" that slows economic activity and reduces unemployment, contradicting standard economic models. This is because tariffs can create economic uncertainty, depress consumer and investor confidence, and potentially lead to lower asset prices, which ultimately decreases aggregate demand. Another perspective is that tariffs increase the cost of imported goods, which should raise prices, but recent data shows mixed results, with some prices remaining flat despite tariffs, suggesting a complex relationship.

How tariffs can lower inflation

• Demand shock: Tariffs can act as an economic drag by creating uncertainty, which can make consumers and investors hesitant to spend and invest.
• Asset price decline: The economic uncertainty from tariffs can lead to a drop in stock prices, which further reduces consumer wealth and aggregate demand.
• Reduced economic activity: The combination of lower demand and decreased confidence can lead to higher unemployment and slower economic growth, which can put downward pressure on prices.
• Evidence from studies: A 150-year study by the Federal Reserve found that tariffs historically lead to lower inflation and higher unemployment.

Inflation is slowing after Bidens 9% disaster. Thats because Trump cuts spending and lowered energy costs. Tariffs only increase a small number of products which we can choose not to buy. That lowers prices. GDP is climbing, investment in manufacturing is growing, sound reliable energy policies have laid the foundation fir the best economy in history.
Democrats oppose every policy which proves they have no idea how to manage an economy. Biden proved that

 

[Luckyone]

You doubt he has changed his mind? The truth is...Donald Trump was right and Warren Buffet was wrong. You'll notice that you can't find a video of Buffet commenting on tariffs NOW because he'd have to admit that!

Buffet was wrong and his comments back in May made the stock market dip because people chose to believe him. The reason that the stock market is at record highs right now is that the smart money realized that Trump's policies were actually good for the US economy!

To be blunt, Lucky? This entire string was started on a lie. You think I'm an "asshole" because I pointed it out!

You continue to lack common sense or even ability to discern simple facts

Lets begin with this:

Warren Buffett's new worth $149 billion

AI Overview

Warren Buffett did not start with money; he started his economic life with a modest family and built his fortune through a lifetime of early and consistent work and saving. He began working and saving as a child, using his earnings from jobs like a newspaper route to make his first investments at a very young age.

• Childhood jobs: Buffett worked from a young age, selling newspapers, delivering soft drinks, and selling used golf balls and stamps.

In addition:

AI Overview

If Warren Buffett had not donated to charity, his net worth would be approximately
$400 billion, a calculation based on the estimated value of the stock he has given away plus the growth of the remaining shares.

As far as his business savvy is concerned, regarding failures:

AI Overview

Warren Buffett has had several (less than 5) failed ventures, most notably the textile company Berkshire Hathaway itself, which he ultimately shut down, and the Dexter Shoe Co., which he admitted was a huge mistake. Other failures include investments in companies like Tesco, which failed to perform as expected.

On the other side of the coin:

Donald Trump's Net worth is $5 billion

AI Overview

Donald Trump started his economic life with a reported $1 million loan from his father, Fred Trump. While Trump has stated he had to pay the loan back with interest, reports indicate he received significantly more money from his father's business, including at least $413 million in today's dollars through various means like gifts, loans, and other financial channels, some of which were never repaid.

As far as his business savvy is concerned, regarding business failures:

AI Overview

Donald Trump's business history includes a large number of failed ventures, estimates for which range from over a dozen to more than 60, depending on the source and definition of "failure" (e.g., brand licensing deals that folded, or companies that went into corporate bankruptcy). His casino and hotel businesses in Atlantic City, in particular, resulted in six corporate bankruptcies.

When you compare these two people, it is clearly evident that Buffett has done more and made better decisions than Trump.

So when you say "The truth is...Donald Trump was right and Warren Buffet was wrong", my money is on Buffett 100% on his being right!

 

[Hafar1014]

You continue to lack common sense or even ability to discern simple facts

Lets begin with this:

Warren Buffett's new worth $149 billion

AI Overview

Warren Buffett did not start with money; he started his economic life with a modest family and built his fortune through a lifetime of early and consistent work and saving. He began working and saving as a child, using his earnings from jobs like a newspaper route to make his first investments at a very young age.

• Childhood jobs: Buffett worked from a young age, selling newspapers, delivering soft drinks, and selling used golf balls and stamps.

In addition:

AI Overview

If Warren Buffett had not donated to charity, his net worth would be approximately
$400 billion, a calculation based on the estimated value of the stock he has given away plus the growth of the remaining shares.

As far as his business savvy is concerned, regarding failures:

AI Overview

Warren Buffett has had several (less than 5) failed ventures, most notably the textile company Berkshire Hathaway itself, which he ultimately shut down, and the Dexter Shoe Co., which he admitted was a huge mistake. Other failures include investments in companies like Tesco, which failed to perform as expected.

On the other side of the coin:

Donald Trump's Net worth is $5 billion

AI Overview

Donald Trump started his economic life with a reported $1 million loan from his father, Fred Trump. While Trump has stated he had to pay the loan back with interest, reports indicate he received significantly more money from his father's business, including at least $413 million in today's dollars through various means like gifts, loans, and other financial channels, some of which were never repaid.

As far as his business savvy is concerned, regarding business failures:

AI Overview

Donald Trump's business history includes a large number of failed ventures, estimates for which range from over a dozen to more than 60, depending on the source and definition of "failure" (e.g., brand licensing deals that folded, or companies that went into corporate bankruptcy). His casino and hotel businesses in Atlantic City, in particular, resulted in six corporate bankruptcies.

When you compare these two people, it is clearly evident that Buffett has done more and made better decisions than Trump.

So when you say "The truth is...Donald Trump was right and Warren Buffet was wrong", my money is on Buffett 100% on his being right!

Its a meaningless comparison

 

[Luckyone]

Recent research from the Federal Reserve suggests that tariffs can lead to lower inflation by acting as a "demand shock" that slows economic activity and reduces unemployment, contradicting standard economic models. This is because tariffs can create economic uncertainty, depress consumer and investor confidence, and potentially lead to lower asset prices, which ultimately decreases aggregate demand. Another perspective is that tariffs increase the cost of imported goods, which should raise prices, but recent data shows mixed results, with some prices remaining flat despite tariffs, suggesting a complex relationship.

How tariffs can lower inflation

• Demand shock: Tariffs can act as an economic drag by creating uncertainty, which can make consumers and investors hesitant to spend and invest.
• Asset price decline: The economic uncertainty from tariffs can lead to a drop in stock prices, which further reduces consumer wealth and aggregate demand.
• Reduced economic activity: The combination of lower demand and decreased confidence can lead to higher unemployment and slower economic growth, which can put downward pressure on prices.
• Evidence from studies: A 150-year study by the Federal Reserve found that tariffs historically lead to lower inflation and higher unemployment.

Inflation is slowing after Bidens 9% disaster. Thats because Trump cuts spending and lowered energy costs. Tariffs only increase a small number of products which we can choose not to buy. That lowers prices. GDP is climbing, investment in manufacturing is growing, sound reliable energy policies have laid the foundation fir the best economy in history.
Democrats oppose every policy which proves they have no idea how to manage an economy. Biden proved that

Wow, I am certainly NOT impressed with your response. First of all, here is a fact that you have not taken into consideration:

AI Overview

The annual U.S. inflation rate for October 2025 was 3.0%

and comparing:

AI Overview


The annual inflation rate in the United States for November 2024 was 2.7%

As such and from the time that Biden left office to where it is today, inflation has gone up .3%

Secondly, the 9% inflation you mention was not Biden's fault, given that if it had been his fault entirely, no other country would have suffered inflation.

AI Overview


Many other countries, particularly developing nations and some European countries, experienced higher inflation rates than the United States at the height of the COVID-19 pandemic and the subsequent surge in 2021-2022.

And if you look closely at the chart above, it was Biden that lowered inflation more than any other inflated country. He did more to lower inflation than Trump would ever have done.

As far as your statement that GDP is higher now under Trump than under Biden, that is patently untrue:

AI Overview


In November 2024, the GDP was projected to grow at a 2.6% annual rate for the fourth quarter of 2024, according to the Federal Reserve Bank of Atlanta's GDPNow model. As of now (November 2025), the final data for the fourth quarter of 2024 showed a 2.3% growth rate

and as far as Manufacturing increase, you are wrong again:

AI Overview


Investment in US manufacturing is down from November 2024 level, though the
overall picture is mixed.

Investment in November 2024

• High investment: November 2024 marked a strong period for manufacturing investment, with record highs in new factory construction and significant private sector investment in clean energy, semiconductors, and advanced manufacturing, supported by legislation like the Inflation Reduction Act and CHIPS Act.
• Investment in the current period (2025)
  • Slowing down: The second quarter of 2025 showed a 1% increase in total clean investment compared to the previous year, but it was the third consecutive quarterly decline since November 2024.

You truly believe every lie that Trump says don't you? You never bother to actually check the facts!

 

[Luckyone]

Its a meaningless comparison

You mean to say that trends (Buffett more achievements with less money and less mistakes and Trump with less achievements with more money and more mistakes) over 50 years and consistent, are meaningless?

You are truly ignorant of life and all of this:

 

[Hafar1014]

You mean to say that trends (Buffett more achievements with less money and less mistakes and Trump with less achievements with more money and more mistakes) over 50 years and consistent, are meaningless?

You are truly ignorant of life and all of this:

View attachment 1185751

How many hotels have you built. How many wars have you stopped. Has Buffet created the Abraham accords. Has he improved the Biden economic disaster. Perhaps your head is up youre own ass

 

[Man With A Plan]

You continue to lack common sense or even ability to discern simple facts

Lets begin with this:

Warren Buffett's new worth $149 billion

AI Overview

Warren Buffett did not start with money; he started his economic life with a modest family and built his fortune through a lifetime of early and consistent work and saving. He began working and saving as a child, using his earnings from jobs like a newspaper route to make his first investments at a very young age.

• Childhood jobs: Buffett worked from a young age, selling newspapers, delivering soft drinks, and selling used golf balls and stamps.

In addition:

AI Overview

If Warren Buffett had not donated to charity, his net worth would be approximately
$400 billion, a calculation based on the estimated value of the stock he has given away plus the growth of the remaining shares.

As far as his business savvy is concerned, regarding failures:

AI Overview

Warren Buffett has had several (less than 5) failed ventures, most notably the textile company Berkshire Hathaway itself, which he ultimately shut down, and the Dexter Shoe Co., which he admitted was a huge mistake. Other failures include investments in companies like Tesco, which failed to perform as expected.

On the other side of the coin:

Donald Trump's Net worth is $5 billion

AI Overview

Donald Trump started his economic life with a reported $1 million loan from his father, Fred Trump. While Trump has stated he had to pay the loan back with interest, reports indicate he received significantly more money from his father's business, including at least $413 million in today's dollars through various means like gifts, loans, and other financial channels, some of which were never repaid.

As far as his business savvy is concerned, regarding business failures:

AI Overview

Donald Trump's business history includes a large number of failed ventures, estimates for which range from over a dozen to more than 60, depending on the source and definition of "failure" (e.g., brand licensing deals that folded, or companies that went into corporate bankruptcy). His casino and hotel businesses in Atlantic City, in particular, resulted in six corporate bankruptcies.

When you compare these two people, it is clearly evident that Buffett has done more and made better decisions than Trump.

So when you say "The truth is...Donald Trump was right and Warren Buffet was wrong", my money is on Buffett 100% on his being right!

Then you would have lost your "money", Lucky! I know this is hard for you to admit but Buffet was wrong and Trump was right. Buffet was making a forecast of what he thought would happen because of the tariffs and that forecast wasn't accurate. We know that because of what has happened from last May until now. I've never claimed that Trump was a better "investor" than Buffet. That isn't his forte. He's a developer and a very good one. He's also a savvy negotiator. That isn't Warren Buffet's forte. Trump understood that you could use the threat of tariffs to get better deals for the US. That they would be an intricate part of his negotiating strategy.

 

[Billiejeens]

You realize that you guys have been saying that for 10 months now?

Hell some of the hoaxes have lasted 9 years.

 

[Luckyone]

Then you would have lost your "money", Lucky! I know this is hard for you to admit but Buffet was wrong and Trump was right. Buffet was making a forecast of what he thought would happen because of the tariffs and that forecast wasn't accurate. We know that because of what has happened from last May until now. I've never claimed that Trump was a better "investor" than Buffet. That isn't his forte. He's a developer and a very good one. He's also a savvy negotiator. That isn't Warren Buffet's forte. Trump understood that you could use the threat of tariffs to get better deals for the US. That they would be an intricate part of his negotiating strategy.

One thing you are not considering and that is that "it has not YET been right" but the tariffs thing takes time for the negatives to be seen. Get back to me in 3 months and we will see who was right.

If you do not believe me (or Buffet), perhaps you will believe Ronald Reagan



Listen to the beginning of his statement "at first, tariffs work for a short-time but ONLY for a short-time"