Paul Krugman issues a dire warning to Donald Trump voters, saying a lot of them will be brutally scammed

Renowned Economist Paul Krugman has pretty recently issued a stark warning regarding the economic policies of US President- elect Donald Trump while predicting that many of his supporters will face significant financial repercussions, reported Huffpost.

According to Huffpost, in a recent interview on ‘The Daily Blast’ podcast, Economist Paul Krugman criticized the future plans of US President- elect Donald Trump to raise the tariffs while cutting taxes for high income earners while suggesting that these measures will disproportionately harm the working class voters.

Economist Paul Krugman also noted that US President- elect Donald Trump's approach appears to be pretty regressive while redistributing wealth from lower income individuals to the wealthy. He put an emphasis on the fact that many small business owners within Donald Trump's base could be particularly affected by the proposed tariffs which would likely lead to increased costs passed on to consumers, asserted Huffpost.


Economist Paul Krugman also placed an argument that the history of US President- elect Donald Trump of not paying contractors further exemplifies his pattern of exploiting those who actually support him.

The economist also expressed concern over the lack of substantial economic guidance from US President- elect Donald Trump's team while suggesting that they are ill prepared to mitigate the negative impacts of their policies, noted Huffpost. He also issued a warning that the combination of tariffs and mass deportations could severely disrupt industries reliant on immigrant labor while exacerbating existing economic challenges.

FAQs:

What was the recent warning issued by Economist Paul Krugman?

Renowned Economist Paul Krugman has pretty recently issued a stark warning regarding the economic policies of US President- elect Donald Trump while predicting that many of his supporters will face significant financial repercussions.

What was being asserted by Paul Krugman in The Daily Blast podcast?

In a pretty recent interview on ‘The Daily Blast’ podcast, Economist Paul Krugman criticized the future plans of US President- elect Donald Trump to raise the tariffs while cutting taxes for high income earners while suggesting that these measures will disproportionately harm the working class voters.