Noahpinion

No one is dumb enough to believe this. Everyone knows that rich people own a bunch of stocks, and that when the market crashes, rich people take a huge hit.

Class warfare was always a weak platform to try to win back the country. But trying to shoehorn tariffs into a “billionaires versus everyone else” narrative is simply ludicrous. This really is one of those Pareto improvement situations they teach you about in Econ 101, where a stupid policy is hurting billionaires and working-class Americans alike. A rising tide really does lift all boats when you stop a madman from drilling a hole in the hull.

In short, Democrats and progressives need to take the lead in the fight against the Mad King and his tariff madness. Tariffs are clearly not a viable economic or political program, and the people who take the lead in beating it back will become the de facto leaders of American economic policy. Be those people.