Part 4/10:
The dialogue transitions into the role of tariffs as a fundamental part of Trump’s strategy. Larry is skeptical about the feasibility of tariffs as a sustainable source of general revenue since past administrations relied heavily on income taxes for funding. While recognizing the potential of tariffs for trade negotiations, he cautions against viewing them as a permanent solution to the economic deficit.
In contrast, Kathy asserts that tapping into tariffs could be beneficial, albeit not the long-term answer. Despite differing views, both Randy and Larry agree on the necessity for extensive deregulation to foster economic growth. As regulations are often depicted as restrictive, they propose that reducing this burden could lead to a more robust economic future.