Video: Nov 14, 2024. You Voted for This. Dead Domain. 319,429 views.
"Nothing is really going to change".
Obviously Lisa believes Elon's BS, but what he claims is not likely to happen. As per the response from Copilot below...
Elon Musk's claim that prices will go down with donald trump's presidency is quite optimistic and doesn't align with economic predictions. Here's why...
Deflation: While deflation can lead to lower prices, it's generally harmful to the economy. Deflation can cause reduced consumer spending, lower business revenues, higher unemployment, and a potential economic downturn2.
Tariffs: Trump's proposed tariffs are likely to increase prices, not decrease them. Tariffs on imported goods typically lead to higher costs for consumers, as importers pass on the additional costs5. This would affect a wide range of products, including electronics, clothing, and groceries46.
Greedflation: While companies could theoretically reduce prices by cutting profit margins, this is unlikely to happen on a large scale without significant market pressure or regulatory intervention.
Elon Musk might genuinely believe in the potential for lower prices, but his statements could also be influenced by political or personal motivations. It's important to critically evaluate such claims and consider the broader economic context.
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