To the editor:
Mr. Trump’s latest tariff list runs to a 114 pages. It covers everything from shoes to electronics. Retailers may attempt to ease the pain a bit but eventually these tariffs are going to come home. For seniors, that means an immediate 15 percent inflation increase. That means their savings accounts will instantly lose 15 percent of their value.
Now, young people, pay attention to this. You may like Mr. Trump or not, but the devaluation of your parent’s money by means of tariffs will mean that you will be 15 percent closer to having to pay their bills when the money runs out. You’ll have to pay for their apartment, food, medicines and on and on.
At the stroke of a pen, life is devalued for millions of seniors. Young people, pay attention. That’s your Mom and Dad.