this post was submitted on 08 Apr 2025
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United States | News & Politics

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Sen. Chris Murphy explains how the goal of Trump's tariffs has nothing to do with the economy—it is about forcing businesses into loyalty (feddit.org)
submitted 4 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]
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Here you can also watch video of Murphy giving essentially the same points (may require a BlueSky account): https://bsky.app/profile/oknotle.bsky.social/post/3llxgvgztjk2u

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[–] [email protected] 9 points 4 days ago (1 children)

Just for everyone, the dear senator is doing some historical revisionism that needs correcting.

The guy is completely wrong about number 4. The king did not levy taxes on the colonists to oppress them.

After the seven years war, both England and France were functionally broke. The taxes added after the war were added for two reasons:

  1. Get the colonists to pay for their part of the war.
  2. A new tax that would incidentally track and identify people who were committing loan fraud on British banks. This was a very common enrichment method of the upper class of the colonies, and includes most of the founding fathers of the US.
[–] [email protected] 2 points 4 days ago (1 children)

Thanks, this is the first time I hear of this.

[–] [email protected] 1 points 4 days ago

I highly recommend Crucible of War by Fred Anderson.

[–] [email protected] 6 points 4 days ago (1 children)

And showing the world that he can control their markets and no one will stop him.

[–] [email protected] 6 points 4 days ago

Tested a pump.and dump for the entire market yesterday and it worked perfectly.