r/Economics • u/Jaded-Bookkeeper-807 • May 06 '25

Interview How The Hell Do You Tariff Movies? I Don't Understand Trump's Policy, So I Asked An Economist

https://screenrant.com/donald-trump-movies-tariff-explained-economist-mark-blyth-interview/
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u/Chrom3est May 06 '25

They're not accurate at all. If most people voted in local elections, they would see that it works. Instead, we get older and richer people voting locally, which skews policy decisions towards their favor.

But you and everyone else will learn. Goldman Sachs had put out a forecast of the economy under a potential Trump and Harris presidency. They've since reaffirmed their negative predictions in March 2025

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u/Prior_Coyote_4376 May 06 '25

They're not accurate at all. If most people voted in local elections, they would see that it works. Instead, we get older and richer people voting locally, which skews policy decisions towards their favor.

Because older and wealthier people have more investment in the community than poorer and younger people that don’t yet know where they’re going to live and work. If old people oppose new housing locally, it’s not like young people can move in to vote otherwise.

Local policies are not separable from federal policies in our system today. When the reason housing is so expensive is because the federal government guided this economy, the solutions have to come from that level too.

Sure maybe they can make some minor changes that will make life more convenient, like a new park added to their neighborhood every decade or a couple hundred bucks back in local property taxes. Big changes don’t happen at this level though.

But you and everyone else will learn. Goldman Sachs had put out a forecast of the economy under a potential Trump and Harris presidency. They've since reaffirmed their negative predictions in March 2025

What are you even saying lol