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

[Luckyone]

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

Why do you bring me into this equation? This is about Buffett and Trump' ability (or lack thereof) and not about Luckyone's!

and by the way, Buffett has not been president so he cannot improve or hurt the economy with his decisions.

 

[Man With A Plan]

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"

You on the left were claiming that Trump's tariffs would have the US in a recession by summer...now you think it's going to happen next year?

I would suggest that you read up on the history of tariffs in the US. I think that you'll find they aren't the "boogie-man" that you seem to think that they are!

History of U.S. tariffs and why it matters today

Explore the history of U.S. tariffs from the Tariff of 1789 to the Smoot-Hawley Act, and understand their impact on today's economic policies.

tax.thomsonreuters.com

 

[Man With A Plan]

Why do you bring me into this equation? This is about Buffett and Trump' ability (or lack thereof) and not about Luckyone's!

and by the way, Buffett has not been president so he cannot improve or hurt the economy with his decisions.

Buffet hasn't been President. He's an investor. He doesn't start companies. By and large he buys Blue Chip stocks and holds onto them for long periods of time. Warren Buffet didn't create Apple or Google. He simply invested in them. Trump was a developer. He made things...gave them value and then sold them to others. To be quite blunt, Lucky...Warren Buffet is a lousy comp to Donald Trump. If you really want to compare Trump to others...compare his success rate as a developer to other developers.

 

[Hafar1014]

Why do you bring me into this equation? This is about Buffett and Trump' ability (or lack thereof) and not about Luckyone's!

and by the way, Buffett has not been president so he cannot improve or hurt the economy with his decisions.

Youre making a false comparison and I question your ability to even make a judgment. Trump is an astounding success who has replaced a monumental Biden disaster. Trump has won over the mst intense opposition. Buffet dosent have any opposition. Compare Trump to Biden

 

[Man With A Plan]

Youre making a false comparison and I question your ability to even make a judgment. Trump is an astounding success who has replaced a monumental Biden disaster. Trump has won over the mst intense opposition. Buffet dosent have any opposition. Compare Trump to Biden

Lucky doesn't want to go down that road, Hafar! The deal that Trump just struck with Saudi Arabia is going to bring in another Trillion dollars of investment into the US. I believe that brings the total of new foreign investment in the US under Trump to 12 Trillion? To put it in context? Biden got 1 Trillion in foreign investment OVER HIS ENTIRE FOUR YEAR TERM! Trump got over 12 in less than a year!

 

[Hafar1014]

Lucky doesn't want to go down that road, Hafar! The deal that Trump just struck with Saudi Arabia is going to bring in another Trillion dollars of investment into the US. I believe that brings the total of new foreign investment in the US under Trump to 12 Trillion? To put it in context? Biden got 1 Trillion in foreign investment OVER HIS ENTIRE FOUR YEAR TERM! Trump got over 12 in less than a year!

Its just the beginning. As Europe keeps building renewable energy manufacturers will leave because it cant meet the demand of AI which will be the foundation of efficiency. Energy costs will also go even higher eroding profits. They will come to America. We are their main market by coming here they avoid tariffs, have low cost reliable energy, better working conditions and less taxes.

 

[Hafar1014]

still higher than last year and growing.

Inflation is slowing as Grump cuts spending and energy costs. We still have the mess Biden created. Wages are up more than inflation. Tax cuts will increase spending power after Jan 1st. Investment in manufacturing is at an all time high. When Trumps policies take effect we will have the best economy in the world. Low cost reliable energy less regulations tax cuts, better depreciation, its only 10 months and we are already better

 

[Luckyone]

Inflation is slowing as Grump cuts spending and energy costs. We still have the mess Biden created. Wages are up more than inflation. Tax cuts will increase spending power after Jan 1st. Investment in manufacturing is at an all time high. When Trumps policies take effect we will have the best economy in the world. Low cost reliable energy less regulations tax cuts, better depreciation, its only 10 months and we are already better

prove your words

 

[Luckyone]

Youre making a false comparison and I question your ability to even make a judgment. Trump is an astounding success who has replaced a monumental Biden disaster. Trump has won over the mst intense opposition. Buffet dosent have any opposition. Compare Trump to Biden

Prove your words

 

[Man With A Plan]

prove your words

Ah, Lucky? "prove your words" doesn't win debates! If you disagree with Hafar's contention...tell us why! He's told you why he disagrees with your posts. If you can't respond in kind...you have no business being here.

 

[Luckyone]

Buffet hasn't been President. He's an investor. He doesn't start companies. By and large he buys Blue Chip stocks and holds onto them for long periods of time. Warren Buffet didn't create Apple or Google. He simply invested in them. Trump was a developer. He made things...gave them value and then sold them to others. To be quite blunt, Lucky...Warren Buffet is a lousy comp to Donald Trump. If you really want to compare Trump to others...compare his success rate as a developer to other developers.

First of all, presidents are not there to develop anything. They are there to make sure that what is there works to the best of its ability. His job is also to take care of its citizens and not hurt them, especially when he is helping himself and his friends.

Having said that, here is what AI says about your question:

AI Overview

Comparing Donald Trump's success and failures as a developer involves a mixed record of high-profile triumphs and numerous business bankruptcies and failures across different industries. Analyses suggest that given his initial inheritance and connections, a mediocre developer might have achieved greater success with less risk, and that his life's work may have been less successful than simply investing in an index fund
.

 

[Man With A Plan]

First of all, presidents are not there to develop anything. They are there to make sure that what is there works to the best of its ability. His job is also to take care of its citizens and not hurt them, especially when he is helping himself and his friends.

Having said that, here is what AI says about your question:

AI Overview

Comparing Donald Trump's success and failures as a developer involves a mixed record of high-profile triumphs and numerous business bankruptcies and failures across different industries. Analyses suggest that given his initial inheritance and connections, a mediocre developer might have achieved greater success with less risk, and that his life's work may have been less successful than simply investing in an index fund
.

President's don't develop things? That might be the dumbest thing you've posted in a while, Lucky! When Trump brings in 12 Trillion in new investment to the US it means good paying jobs for Americans and more revenue for government! That's the very epitome of taking care of citizens!

You need to lay off the AI bullshit, Little Buddy...it's almost as laughably bad as you are!

 

[dudmuck]

President's don't develop things? That might be the dumbest thing you've posted in a while, Lucky! When Trump brings in 12 Trillion in new investment to the US it means good paying jobs for Americans and more revenue for government! That's the very epitome of taking care of citizens!

You need to lay off the AI bullshit, Little Buddy...it's almost as laughably bad as you are!

https://www.cnn.com/2025/10/11/politics/fact-check-trump-17-trillion-investment

More lies you are spreading

 

[Luckyone]

President's don't develop things? That might be the dumbest thing you've posted in a while, Lucky! When Trump brings in 12 Trillion in new investment to the US it means good paying jobs for Americans and more revenue for government! That's the very epitome of taking care of citizens!

You need to lay off the AI bullshit, Little Buddy...it's almost as laughably bad as you are!

And you believe Trump but disbelieve what 97% of all economista say, what Buffett says, what Ronald Reagan says? You believe what a liar, con man and incompetent person says.

Wow, I feed like I am talking to the dumbest person on earth. There is absolutely no reason to continúe this conversation now. We will talk again in 3 months and see where things are then. So far, the data, statistics and facts are not supporting your beliefs!

 

[Man With A Plan]

And you believe Trump but disbelieve what 97% of all economista say, what Buffett says, what Ronald Reagan says? You believe what a liar, con man and incompetent person says.

Wow, I feed like I am talking to the dumbest person on earth. There is absolutely no reason to continúe this conversation now. We will talk again in 3 months and see where things are then. So far, the data, statistics and facts are not supporting your beliefs!

97% of economists now think Trump's tariffs are going to be bad for the economy, Lucky? Where pray tell did you pull THAT statistic from? Let's be honest, Little Buddy...even the ones who thought they would be bad for the economy back in May are having to admit that they misjudged what Trump's tariff strategy would do!

As for who I believe? That's simple, Lucky. I believe the person who lowered inflation...got 12 Trillion dollars in foreign investment for the US and took in 195 Billion dollars in revenue from tariffs. My question for you...is why any rational person WOULDN'T believe that guy?

 

[Man With A Plan]

https://www.cnn.com/2025/10/11/politics/fact-check-trump-17-trillion-investment

More lies you are spreading

Dud! You're using CNN as your fact checker? Seriously?

 

[Luckyone]

97% of economists now think Trump's tariffs are going to be bad for the economy, Lucky? Where pray tell did you pull THAT statistic from? Let's be honest, Little Buddy...even the ones who thought they would be bad for the economy back in May are having to admit that they misjudged what Trump's tariff strategy would do!

As for who I believe? That's simple, Lucky. I believe the person who lowered inflation...got 12 Trillion dollars in foreign investment for the US and took in 195 Billion dollars in revenue from tariffs. My question for you...is why any rational person WOULDN'T believe that guy?

Though the 97% number cannot be proven "exactly" there are 1500 renowned economists that have said so!

AI Overview

The claim that 97% of economists believe tariffs are bad is likely a misstatement of the widespread consensus, not a precise statistic. A 2025 letter signed by over 1,500 economists, including hundreds from academic institutions, stated that broad-based tariffs are harmful to the economy, which aligns with the broad consensus among economists that tariffs are bad for the economy.

• Consensus over a specific percentage: While a "97% statistic" is not widely cited, a large majority of economists agree that tariffs negatively impact the economy.
• Economists' reasoning: Economists point out that tariffs increase prices for consumers, reduce available products, and lead to lower economic output, reduced employment, and decreased standards of living.
• Specific impacts: Tariffs have been shown to cause negative ripple effects, such as increasing costs for businesses and consumers, and potentially leading to economic isolation and decreased competitiveness over the long term.
• Economic models: Economic models have predicted that tariffs can have negative effects on GDP, capital stock, and wages, although some studies suggest tariffs might have different effects on inflation and unemployment in the short term.

Over 1,500 Economists Agree: Trump's Tariffs Are Terrible​

either way, you and Trump are in a big minority group

You are all of this

 

[Man With A Plan]

Though the 97% number cannot be proven "exactly" there are 1500 renowned economists that have said so!

AI Overview

The claim that 97% of economists believe tariffs are bad is likely a misstatement of the widespread consensus, not a precise statistic. A 2025 letter signed by over 1,500 economists, including hundreds from academic institutions, stated that broad-based tariffs are harmful to the economy, which aligns with the broad consensus among economists that tariffs are bad for the economy.

• Consensus over a specific percentage: While a "97% statistic" is not widely cited, a large majority of economists agree that tariffs negatively impact the economy.
• Economists' reasoning: Economists point out that tariffs increase prices for consumers, reduce available products, and lead to lower economic output, reduced employment, and decreased standards of living.
• Specific impacts: Tariffs have been shown to cause negative ripple effects, such as increasing costs for businesses and consumers, and potentially leading to economic isolation and decreased competitiveness over the long term.
• Economic models: Economic models have predicted that tariffs can have negative effects on GDP, capital stock, and wages, although some studies suggest tariffs might have different effects on inflation and unemployment in the short term.

either way, you and Trump are in a big minority group

Here we go again, Lucky! You don't seem to ever learn your lesson!
When did those 1,500 economists sign that letter? Was it last Spring...the same time that Buffet was declaring tariffs would be bad for the economy? Or is it NOW when it's become obvious that they haven't been bad for the economy!

 

[Luckyone]

Here we go again, Lucky! You don't seem to ever learn your lesson!
When did those 1,500 economists sign that letter? Was it last Spring...the same time that Buffet was declaring tariffs would be bad for the economy? Or is it NOW when it's become obvious that it hasn't been bad for the economy!

 

[Man With A Plan]

Oh, Lucky...Lucky...Lucky! That letter was from last APRIL...even earlier than when Buffet made his statement!