Dow Hits 20000 for First Time
I understand that people believe Trump is good for business. And I also understand that people believe Trump is good for the rich. And I also understand that people believe Trump is good for the blue-collar worker.<p>But I don&#x27;t understand how Trump could be a good influence, in the long term, on business and the stock market, when looking at his positions and policy changes.<p>Why Trump isn&#x27;t good for poor working class America - Assuming there&#x27;s a large tax on every good coming into the country, then the cost of groceries will increase dramatically. The cost of cars will increase. The cost of consumer electronics will increase. The cost of many goods that Americans buy will increase and that will most directly affect the poor.<p>Why Trump isn&#x27;t good for business - Many American companies source their parts from other countries. Increased tariffs and taxes impact their bottom line. Trump wants American companies to hire American and is willing to enforce it. American workers have a higher minimum wage. This also affects the bottom line.<p>Why Trump isn&#x27;t good for the rich - If businesses are impacted then investments should decline, but if you&#x27;ve seen The Big Short, then it&#x27;s possible that we could just have a fraudulent, unpredictable market instead. The huge tax cut should also benefit the rich, so actually, Trump does seem great for the rich.<p>All in all, I&#x27;d like to hear what others think and why this sort of thought isn&#x27;t widely circulated.