HMADC Tariffs: Trump vs Everybody

All media. How much a dollar cost.

That's the phrase we use to explain when we're about to talk about some economics.

Obviously we have to talk about.

Turff's Outheast DC East capital projects.

That's where my mama from.

You know, obviously I'm West Killer Kelly West Coast LA Native, but my mama from the district. You know what I'm saying. I got an aunt Caroling, Really I do.

It's her. It's the third oldest of her siblings. No.

Aunt Curling's son was named arn Come on, now, everybody from the DNV stand up, you feel me. My mama from the district. That's why I'll be making all the tarOf jokes. Gotta take care of your mother and your father. That's out for these bamas out here. You know what I'm saying where these Bama's from. Look, man, listen to go go.

This one thing is got me dripping.

Don how much a dollar cost? It was a song on Pimple Butterfly was where the name how much? I'm saying this for all the new people who just may have just joined the show because the show is growing. Finally, thank you for sharing the show with the hommies where I'm like I'm really trying to make this thing crack. So please, I never do the like and subscribe, you know what I'm saying, leave a comment, but like, please,

She's wanted to go out to eat every day.

I needed to explain to her that trying to explain to her that like people get paid hourly, you know, for the amount of work it takes for us to be able to buy that ten dollar meal. You know, like if you're doing minimum wage, with minimum wage out here twenty two bucks an hour, like so if it's like okay, then your eleven dollar meal is a half hour work, right, so you know you want to do that, and then you want to stop for some jamva juice, and then you want to like, you know, get ice

Right? How much does the collar cost?

And that time is time away from you like that Mommy and Daddy have to go to work to it. So that's how much that cost. Now, it wasn't so that she would not like ask us for stuff. It was more just for her to understand, you know.

The value of a dollar. You know what I'm saying, Like, how much is that worth? For you?

In more street sense, it's like how much is your backpack worth? How much is your bike worth?

Is it worth?

This fade you finna get when somebody can run up and say, borrow your bike right quick?

I remember, like you have to look.

I used to have to look them votos in the face and be like, I'll die for this backpack.

Of course I won't die for the backpack.

But that's how much would this backpack cost?

You?

Still in my backpack?

Yeah, the backpack's like twenty five thirty fifty dollars. But I'm willing to run a fade over a fifty dollars thing. It's gonna cost me way more than the price of this backpack, But what I receive in that is safe passage the next time.

I would like to walk.

Through my own neighborhood to get home. How much a dollar cost? Today we're gonna talk about how much these tariffs are really gonna cost.

How much a dollar costs? The Trump versus.

Everybody addition hood politics, y'all.

Hey, how's everybody doing.

This is the first Monday of the month, which means that yesterday was the first Sunday. Thank you for y'all who pulled up to Real Ones. One of you said was like, yo, I'm a fan of the show. I was like, word, that's why you hear? That's dope, man. I hope that for what a good time. I forgot your name. I apologize, but I'm so glad you pulled up and enjoyed yourself. I'm trying to see this year for all these worlds to combine, like the rap world,

I wait, I get it.

I wish they learned to listen a goal when that's the million, your blessings and my children, though, change their direction effective ast penicilin your project, you'll probably repeat these syllableles, spin a pool all, drive out a sentinel.

Why thank you, Passion Project?

I got dnal Gwan and Genni Bowle's perfect start, creases in my dinner, Moore my linen bro practicing diligence.

You know what a couple of young.

Leans offended by your incellence in hebritage passion that.

Me and stick past them.

While we all know that Spotify does not pay well, it pays way more when you own the masters and I own the Masters, So stream away. But yeah, all right, I'm gonna talk to y'all. Let me let me lay the day out, because it's definitely teach your prop Now. I'm pretty sure y'all haven't seen and heard, because that's

I'm rocking here.

But if you're on the if you're on the Ears edition, please go follow Pali Roots. They did not ask me to do this. My homeboy Jared out in New Zealand, who's like one of the most well informed educated, just an incredible, incredible, Like sometimes I feel like this man talking circles around me. I've never had nobody be able to explain justice to me, especially a white boy, like I mean, he's incredible. But he put me onto the Pali Root Roots. They slang merch and feed Palestinian children.

This is our review.

If you've been a fan of the show, economics at least the way we talk about it don't make sense to me. It seems like you're making this way more difficult than it needs to be. To me, economics was simple. Don't spend money you ain't got. I don't know, Spend less than you make, make more than you spend. If you're going to invest, you want to make sure you sell it for more than you bought it for. It just seems like, I don't know, don't spend money you

I don't know.

That's probably why I'm not rich, because to me, I was like, I don't understand his works. And then you have this economic theory called the everyday man. And the everyday man is like the average person. So when you read these charts, it's calibrated to what they would call the average person. The only problem with the average person is nobody is that person because that person is not an age.

It's between the age of that person.

Don't live in a particular city, they live in any town city. They got two point five kids. Nobody on the planet ever, in the existence of human beings, has had half a child.

That's just not I like.

So, why are all of your models based on a human that none of us can be? That just does it. I don't understand. Your whole system don't work if no one can no one is the average, Well you at it all together. I'm like, that don't make sense to me. I'm just supposed to accept that the calibration of this thing is a person that none of us are. When you start saying the economy is good, you mean the line go up, so that means the economy bad when

It's imaginary money. I just don't understand.

So that's how we affected is we lose jobs because your imaginary line went down. I've since learned that it's a lot more to it than that. But this is why I failed it three times because I was trying to. I was like, make it make sense. You have to

Let's dive in, all right, tariffs.

The question when you're a teacher oftentimes is like how far back into the rabbit hole do you go? Especially history, it's like where do you start the story? Because everything has context, But let's put it all together, right this like this for us to understand where we get into today. So tariffs, you have to step back and think about industrial revolution and creating products in industry to try to get your weight up, and then trying to sell that

You need to learn how to get.

Your what you're gonna make, what you're gonna be good at, and how you're gonna make some bread. But since you the new kid on the block, people been making stuff the whole time, but you trying to get into the game. So the only way to get into the game is you gotta get your weight up. You gotta make something you got. You gotta develop a product that the rest

What do I have?

What do I have to offer that you can't get from any other album? You know, there's one hundred thousand songs uploaded to the strength to like DSP's a day.

So I'm like, how do you get through the noise? Well?

I have to offer something or I have to try to offer something. Nobody else will. It's all just still just rap music. But like why meat? So when you're you're a baby, young scrappy country, hell my god, right, youre trying to get in the game because apparently you can't just enslave people and make money from cotton, because that's racist.

Oh my god, you have to figure out how to make other stuff.

You can't just export human now you want and you want your people to buy your stuff. But sometimes the people as they were then are now like they stuff, and they like they stuff for cheap. So if I could get a better product somewhere else, I don't care how young and scrappy your government is or your country is.

That don't make no difference to me. I need a pot because.

You remember, before the Industrial Revolution, most people made their own stuff, or you had a blacksmith that like lived a few barns down, like you made your own clothes. There wasn't a mass manufacturing of any Everybody made their own stuff, and then you just traded among each other.

Was it a big deal? Once our world got connected? Right?

Once we started like just at an exponentially alarming rate, just started extracting minerals from the ground, figuring out thanks to uh, you know, our Nazi friend Henry Ford, to put together an assembly line, and you can make things with just replaceable parts, where like widgets, it's like I don't need just I don't need a blacksmith to make a bespoke custom perfect screw like this. No, you just make interchangeable parts. I make a million of those screws

So at this point, almost.

Everything once you know, once the world got more connected, most of the stuff we was getting and given and stuff like that, they had such a head start on us. It was like, well, well, how do we get our people to buy our stuff? So we say, well, we can't beat they prices. And it's kind of not fair because these people getting the hell of wealthy based on our appetite, but they not buying our stuff, you know what I'm saying.

So what do I do?

Will you set up these things initially to protect your industries? Now, I want you to remember that you're trying to protect your own industries and by doing that, while you are working to get your quality together as like a temporary thing to be Like hold up, man, Like we need a chance to catch up, y'all just can't just like this is our market, like this is our buyer base, Like give me a second. If you just gonna sell

Anyway.

We paying for the street lights, we're paying for the police, We're paying for all this stuff.

We're not getting no return from it as a government.

So if you just gonna come over here and make money, like I need a percentage of that. And this is why I say every gangster understands terror.

Right now. Big U was in the news.

If you follow culture like I do, big U is a famous for all in sixty crip who got out, and he started a lot of gang intervention programs for which I have directly been been affected by in a good way.

He got out.

I was a little I was definitely a little older by the time he got out, but a lot of the love hummies, even you know, dudes that would have continued down routes that would have really ended their lives kind of got involved in his programs, you know what I'm saying, And that like so as far as like the connection to the community, I owe a lot to his programs. Now, I'm saying this as somebody that's not a gang member, and you have to remember with gangs.

They also have rivals.

So just because this one person is getting a certain amount of like community, notoriety or publicity or exceeding, they have enemies. In addition to what he was doing is he had sort of like an entertainment wing where he was managing a lot of artists and not the least of which was Nipsey Husk because Nipsey was also a Rolling sixty cript. Now, there's a tradition in California called

OLG and Detroit charged the tariff.

If you are coming here to make some money off your music, you need to put our artists on your bill. And if you don't, I'm shutting down and I'm taking your money.

Just check in with us.

We'll make it work out so that now this is mutually beneficial. Our guys are making a little more money. You know what I'm saying, You're because you're not just gonna use our city to fill your pot. Check it in out here. I bring up big you because uh he had a podcast called checking In, and he talked often about the importance of when you come to California,

Video down there. You want lo los, you know what.

I'm saying, Like you want to you want to you know, you know what I'm saying. You want to look like you outside like you like you real out here. But most importantly, you don't want your chain snatch. You don't want to get robbed the second you get to the hotel. Because here's the thing. The person parking your car don't live in Beverly Hills. That person live in Compton. You think he ain't see you come off that car shining. You think he ain't called the hummies to set you up.

So you paid us to let you do this. We tried to protect you.

You mess around and win somewhere else you wasn't supposed to, and them niggas robbed you. Now you don't know that we sent them niggas over there, but like if of course he gonna and then you who you gonna call? Schoolboy Q has a great interview when he was on Drink Champs A buy all y'all niggas want to check in?

Everybody?

Will I say our favorite thing, y'all want to check in? You think this man who got enemies, That's what I mean by like remember like you from it. If you're from a set, your set as enemy, you think those enemies are just gonna let you extort the dude when he come into town. You think that man really like it? Why would he protect you? He gonna rob your dumb ass like that was the theory.

You know what I'm saying.

Now, Far be it from me to speak out my neck about stuff I don't know. I don't know anything about really what happened with Big Yu. I know right now he's under federal investigation for like a straight like mafia style ring. Whatever he did. Listen, I don't want to smoke. All I'm saying is, don't come to California and pretend to be against It's going to cost you. Okay, now that tariff might be the percentage you ran to his hood, but it might cost you moting. That might

Anyway?

Land in lax? Like schoolboys say go where is fun? And like he say, get you something to eat, you know, take it back to your hotel room, take your jewelry off, go to the club.

You know what I'm saying, and enjoy yourself. Why are you trying to go to the hood? Like We're like, why are you you don't It don't have to be like that.

Lesson I've learned a long time ago is if I don't know nobody over there, I'm not going over there. People have asked me a few times, have been like, hey, can we do a thing where we can you show us? Can you show us Compton? And I'm like, absolutely not. I'm not going to drive you through Compton to show you. Like I don't, I don't know nobody over there, Why the hell would I take? You can come to my hood. I know people over here, but no, I'm not sight seeing.

Right?

Okay, let me get back on topic. So you take that, but you apply it to a country. Now another way, like I said in the little social media breakdown, is the idea of all the mechs gangs out here. Everybody knows everybody pays taxes, and they all pay taxes to the same people. I don't care what your gang is except for one. But that's some hood. That's some hood

Debt.

Now, that can't possibly be one person's fault. That ain't one president's faul. That's all of y'all. When you get a credit card, you know why your credit card got spending limits because of this ten trillion dollars, which you would say that doesn't matter, because we make the money. Why don't you just print a ten trillion dollar bill? Now you got inflation now, I think in one of

Nineteen thirty, the Republican controlled House of Representatives, in an effort to alleviate the effects of anyone, anyone the Great Depression, passed anyone, anyone the tariff Bill, the Holly Smoot Tariff Act, which anyone raised or lowered, raised tariffs in an effort to collect more revenue for the federal government. Did it work? Anyone anyone knows effects. It did not work, and the United States sank deeper into the Great Depression.

See he tried to tell us, Now, what are other ways you can make money? You generate money for the government. You could either do land grants and bonds. You know you're about those government bonds. And again this goes back to the idea of imaginary money, where we get people to invest in the government, where you buy whatever dollar amount of a bond into the government, and then the government's promising that you get a return on that investment, and they cut you a check because you invested in

So if you the.

Government, you like, where's all the bread going from? We're not making it in taxes. I mean we could just we could tax the wealthy more. I mean, we have the highest concentration of billionaires. We've concentrated almost all of the country's wealth to the top one percent of none of which pay a fair share of taxes.

I mean you could just, nah, why would we do that? Why would we tax the people that have the money? Why?

Why why would we do that?

That's making sense.

You should make billionaires pay taxes, might get our money back. But nah, let's think of something else. Well, you gotta find a way to make the money. So you make the money by generating ways to make money. One of those ways would be, Yeah, we need more jobs. We need more jobs. You got to create the jobs. How you create the jobs is you got to build places for those people to work. Well, who're gonna pay to build those places for people to work.

The government. The government ain't got no money. How we gonna do that?

And especially if you're a traditional Republican, you try and you try not to spend no more, but you're trying to make mode but you don't like taxes.

What do you do? Well?

One solution was you find people that you ain't got to pay a lot that was immigraci So we took in a whole lot of illegal immigrants cause you ain't got to pay them. You needed a workforce. The workforce is going to generate this money that's gonna pay into the system. But then you like, what are you talking about the illegal immigrants? They don't pay taxes. They absolutely pay teck.

Are you paying attention? They absolutely pay teck.

Anyway, So let's find the poorest people in the world and make them pay the taxes rather than the wealthiest. Let's keep moving because I'm still talking about terriffs, Y're still talking about practice.

So, but that's not gonna be enough money.

What you gotta do because it's not enough if we just selling this stuff to ourselves, it's not like we're not getting nowhere. We need to be able to sell it to other people. But if they already got it, why would they buy it? Well, what do we have that they don't, Well, let's sell that to them, right. But what happens is if we are buying more from the country that we're trying to sell to, we have

That's our relationship with China.

That's why your iPhone about to be thirty five hundred dollars because we buy more products from them then we sell to them.

What they do buy from US is soybeans, which we'll talk about later.

But so the thought was, we need every country to check in because every country ain't been checking in.

They y'all just been out here.

Like at first, the deal was like, if we're gonna use the street thing, okay, listen, we'll send you.

I'm gonna be as crude as possible, so please forgive me.

You can sell us fentonyl if we could sell y'all prostitutes, you can use our prostitutes if you send us fentinyl. And you know what, no harm, no foul, it's easy. It's it's an even trade that would be called terror Free Trade Agreement like NAFTA. It's all good, and you know these lines are stupid, like our borders or it's like besides, like you know, it's like if you're growing weed and you was growing opium and like it's like

Which part of it?

Like it's like the borders, it's fine, we don't have to like, let's just exchange the thing.

Yohood, myhood. It's all good.

Matter of fact, mylog was born in your neighborhood, so it doesn't even like it's the same.

It's all good.

But what if you live in a neighborhood with just some absolute crackheads and they won't fening on and crack and like, so then now they like, oh we got oh, we got all that. We could give you every drug you won't yo people just buying it up and dying. But meanwhile they only they not buying enough prostitutes for you to make any money from. So you start looking around and being like, you know, they getting real rich off us.

I know that's crude.

But that's the point I'm trying to explain here America looking around, like again I'm explaining what the tariff is, and actually what Trump's thinking, right, So like, well, we can't just let you come here and get rich dog like, like I said, we're paying for all the infrastructure and like we're obviously in debt.

We need to figure out ways to make money.

You're not buying this shit from us, so you're not buying stuff from us, and you out here making money because all our people just buy your stuff.

So even if we tried to make.

It, ain't nobody gonna like want to buy our shit cuz yours is cheaper and better.

But that's not the point.

And we can't make it cheaper because we don't believe in slave labor and because y'all so racist that you don't want no immigrants.

So like what we supposed to do?

So they say, oh, I know, this is what we're gonna do. We're gonna charge y'all if y'all want to sell here. So if you're gonna sell products here, And the way that Trump thought about it was what's the percent up you are of us? Like if you got five points up from us. Then I'm gonna charge you ten points right so that it kind of even out. Does that make sense. I'm trying to eve it out.

Even if you were to be like, we're.

Gonna tear if we're gonna we're gonna tear iff cars coming in from Japan, Well, the problem is if the rivets that Japan uses are made in Pittsburgh, you just screwed Pittsburgh because guess what, the Japanese manufacturer ain't gonna buy the American made rivets because you just tariffed us. So he's so, but the idea is generally this, if you're gonna sell to US, I need a percentage of that, and that money goes into the US Treasury to hopefully pay down some of his debt.

That's the first part of the plant.

What he is hoping happens is it becomes so expensive to buy stuff made everywhere else that it's going to force people to shop in America. Because again this is Trump's mind. If you think in a world that is totally and unequivocally transactional, that we don't have friends, you don't have homies, You just have convenient partners. If they make it more money than we are and we lose, not that we're not getting the service that we desire. If you look at like I don't know anyone complaining

Right.

But if you notice these new tariffs didn't include Canada and Mexico. Why because it's like you're untangling something that you can everything's made everywhere. Most American made products are also made in Canada, are also made in Mexico. Because this because of the Free Trade Act between the two.

I can fast forward to the end.

A real answer is over consumerism. The real answer is we need to stop buying shit at the level that we buy in. Then everybody shuts up. Lema put that to the side. His point is we need to make shit here. If we make it here. Remember I say, he's like kind of a nineteenth century guy like anyway, so his thought is, I'm gonna read my notes over here.

And we're not relying on everybody else.

Because if you are a manufacturer, you understand even if you tried to buy American products, that stuff we don't make. There's some shit we just can't grow. Bananas grow in tropical areas. You can have a GMO banana, but it ain't gonna be right. Bananas grow in tropical regions no matter what we no matter, I don't care what YO tariff say, the soil don't grow that.

You know what I'm saying.

There's some stuff that just doesn't grow here. But then there are other things that like, yo, maybe we can now do we have the infrastructure for it? No, But the hope is if we invest in our factories, if we invest in things.

Now.

I know people mirror my favorite coffee cup company that I always work with.

They have steel.

They're like, we tried to buy Americans deal. How much that shit costs and it's not enough? Done, done done, It's not enough. But the hope is we can make our products here, have this job boom.

That's what he's thinking. Is happening.

If I charge him, If I make it too episode, I eliminate y'all. I eliminate everybody else by getting him off the board, by just making everything cost too much.

That's the thought.

Now counterpoint next, here we go. You know who made the greatest counterpoint?

You ready for this? Who made the greatest.

Counterpoint for extreme tariffs is Ronald Reagan. I'm a plates clip.

You see at first, when someone says let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while it works, but only for a short time. What eventually occurs is first homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then while

Did you follow what he was saying? I'm this is the suspending reality stuff. It's the idea that if you believe in a free market economy, then you think that the competition between two different or competing companies will get us the best product at the lowest price, because you're fighting for our dollars. If you, by government decree, make someone raise their prices.

Then.

You eliminate the need for competition. So this industry here, these factories might grow, but it's not real growth because your product's not better. You you made up this, which means that if that tariff leaves, they get to go back to their actual price. You following me, this isn't really cheaper. The American product isn't really cheaper. It's not actually better. It's only cheaper because your law made that cost too much, not their manufacturing costs, your law did.

Right? So who's paying the tariff?

Eventually, like we said, it ends at us, we pay the tariff, right, But how it works is this. Let's just say you got an etsy that's really popping, right, and you use textiles made in China, and you like, you right at that bubble, you right at that, like y'all like, look, if we could get this weight off, I got ten thousand orders waiting, like I'm almost there.

I'm almost there. We almost crack it.

But to get that shipping container off the docks and load it into your truck, your courier service that's gonna bring you. I noticed it because I had a coffee company. So when that coffee I'm switching metaphors. But that coffee from Ethiopia, which we had to pay Ethiopia to get it off their shores. But that's not your problem. But then once it got to America, I don't go down to Long Beach and get the and get the container. No, the courier service stuff which loads it into the freight

Y'all.

The one that I ain't paying that you pay that. I did my part. You brought the product. Now what you do with it, how it gets off the boat? That's on y'all.

I delivered it.

So that means the people that's receiving it, it's gonna have to pay. It's an American company. Now you think that people that's receiving that company just gonna eat that cost, or you think they gonna roll that into me or into your Etsy thing that owns the textiles, you gonna have to pay for it. That's one way, and if I gotta pay for it. Look, I'm the small business, y'all. Could I can't afford this, But I also can't afford to just leave the shit at the docks. So what

You following me?

So that means that somebody got to pay this extra fifty percent. Some of the countries have decided to say, well, how about we split this cost? Okay, everybody's losing, let's split the costs. Now, who can eat that? Are your Walmarts? Are your targets? They could eat that cost? It is what it is.

Are they going to eat that cost?

No, they're going to spread it across multiple departments, right, because is not Walmart just full of other products? You just spread it. You have to pay for shelf space. You just spread the costs among your ten thousand stores, and you don't feel it right? Everybody else ain't got that luxury? Is the other countries paying for it? No, So eventually who pays for it is us? And again, now back to Trump's hope is we're gonna be like, I ain't paying for that. I'll buy this though, and

We ain't got the railways for it. We ain't got the roads for it. We ain't got the trucks for it. We not ready for that.

The thing he imagined, We're not ready for it. And I don't know if you notice, everybody broke why nigga inflation because the cost of stuff is not going up with the cost of wages. Niggas ain't got houses.

Like what do you like? What did you like? What healthcare costs too much? It'd be different, it'd be different.

Listen, my dog is sick right now, which God damn it, I have to buy pet insurance.

I hate this world anyway.

That would be fine if our health insurance as a family wasn't a trillion dollar but it is. And at the end of the day, American stuff right now, if we were to start right now, it just costs more. It's just like, so the price difference really ain't gonna be and ain't gonna be that serious. It's like, it's still gonna be too expensive now. How other countries are clapping back next? So the EU was like and the

But I tell you what not if you keep playing like this.

So that's one thing they said it was. And listen, these tech folks. You have to understand corporations want predictability. That's why the stock market acting crazy because remember the stock market's imaginary. This is what we think something gonna be work. When you start doing stuff that we can't predict, niggas get scared, pull they money out. I'm not playing no games. I don't want the smoke. Contranies don't want

They say, okay, word, what if we tear if yo? SOI thirty four percent. Maybe.

Now, if Trump's concept of like this is just a negotiation tactic, I'm just trying to get y'all to the table by acting like this. If that's the thing, that's quite a gamble. Because again, remember America, it's ten trillion dollars in debt. And what this gamble means is if it works, that's off. Because but if it don't work, it's the nineteen thirties. But at the end of the day, your Nintendo switched to ain't coming and your iPhone sixteen plus Nigga, your iPhone seventeen is about to.

Be three thousand, five hundred dollars TERFs.

So how much your dollar costs the entire stock market?

Hood politics?

All right? Now, don't you hit stop on this pod. You better listen to these credits. I need you to finish this thing so I can get the download numbers. Okay, so don't stop it yet, but listen. This was recorded in East Lost Boyle Heights by your boy Propaganda. Tap in with me at prop hip hop dot com. If you're in the Coldbrew coffee we got terraform Coldbrew. You can go there dot com and use promo code hood get twenty percent off.

Get yourself some coffee.

This was mixed, edited and mastered by your boy Matt Alsowski killing the Beast softly. Check out his website Matdowsowski dot com.

I'm a spell it for you because.

I know M A T T O S O W s ki dot com Matthowsowski dot com. He got more music and stuff like that on there, so gonna check out the heat. Politics is a member of cool Zone Media, Executive produced by Sophie Lichterman, part of the iHeartMedia podcast network. Your theme music and scoring is also by the one and nobly mattow Sowski. Still killing the beat softly, So listen, don't let nobody lie to you. If you understand urban living, you understand politics. These people is not smarter than you.