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Scott Bessent just summed up the migration crisis for America

Posted on 7/6/25 at 8:58 am
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
37958 posts
Posted on 7/6/25 at 8:58 am
Posted by udtiger
Over your left shoulder
Member since Nov 2006
111907 posts
Posted on 7/6/25 at 9:00 am to
Dude is smart
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:03 am to
So what will the reversal of these suppressed wages have on prices?

I never thought I'd hear the GOP promote literal Democratic economic talking points ("Wall Street has done well; now it's time for Main Street to do well").

The 2 parties have abandoned capitalists and capitalism.
Posted by ynlvr
Rocket City
Member since Feb 2009
5272 posts
Posted on 7/6/25 at 9:06 am to
Why not Both?
Posted by RohanGonzales
Member since Apr 2024
7705 posts
Posted on 7/6/25 at 9:10 am to
quote:

SlowFlowPro


another stupid take
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:10 am to
quote:

Why not Both?


Nobody has been able to explain how this would work.

Successful people who have money to invest having to pay more for goods (due to the inflationary pressure of higher wages) means less money will be spent elsewhere, especially in investing.

And the people who will get the bump in salary won't be making enough to have an abundance of extra money to invest. They'll still be in the lower-level earning demographics, and still struggling economically.

This means less money flowing to our more productive areas (which require the investment) and that means less economic/GDP growth.

There is a reason the "blood and soil" types peg this correctly and attack GDP/SOL (typically labeling economic success as an "economic zone") with to promote their proposed racial harmony.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
73719 posts
Posted on 7/6/25 at 9:11 am to
I never thought the leftist party would embrace government endorsed controlled speach, insider trading and war profiteering with no border security.
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 7/6/25 at 9:11 am to
quote:

The 2 parties have abandoned capitalists and capitalism.


You just prefer the side of capitalism where the levers of government advantage Wall Street. That’s okay everyone can have a preference as long as the government does not own the means of production we still have a capitalism field to play in. Sometimes Main Street is going to get the ball and score.
This post was edited on 7/6/25 at 9:13 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:12 am to
quote:


I never thought the leftist party would embrace government endorsed controlled speach, insider trading and war profiteering with no border security.

Sure. The problem is there are no Democrats on here currently to address that point to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:13 am to
quote:

You just prefer the side of capitalism where the levers of government advantage Wall Street.

You mean "fewer levers" and more freedom. That will favor economic outlets like Wall Street more than less productive endeavors.

quote:

Sometimes Main Street is going to get the ball and score.

And this socialist-style "help" will hurt them eventually. They'll get an immediate bump in SOL and then suffer over the long-term as growth is nerfed.
This post was edited on 7/6/25 at 9:14 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:15 am to
quote:

another stupid take

Says the guy with the most embarrassing post of the week for the board...made at 9:00am on Sunday
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
38604 posts
Posted on 7/6/25 at 9:16 am to
Please explain how removing an artificial supply (illegal immigrants suppressing wages) is "abandoning capitalism".

I'm sure you'll include multiple qualifiers and "if/thens" to your explanation so that later when you're called out on it you can passively aggressively claim, "I never said that" like an 8th grade girl.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
73719 posts
Posted on 7/6/25 at 9:18 am to
True. I grew up thinking I would be debating blue dog and Ivory Tower libs for the rest of my life lol.
Didn't see the rise of the Karen and angry females of colour and their takeover of the dnc.
Posted by trinidadtiger
Member since Jun 2017
18453 posts
Posted on 7/6/25 at 9:21 am to
quote:

Nobody has been able to explain how this would work.


Its called the United States of America.

Capital investment, when used correctly, has never been a zero sum game as you portend.
Posted by jimmy the leg
Member since Aug 2007
41713 posts
Posted on 7/6/25 at 9:22 am to
Wait, so you think Main Street isn’t capitalist?

Ho
Lee
Fuk
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
87544 posts
Posted on 7/6/25 at 9:23 am to
VOR is melting right now after seeing that ...........once again .........debunking the verbal diarrhea that comes out his mouth here.
Posted by Wednesday
Member since Aug 2017
16933 posts
Posted on 7/6/25 at 9:24 am to
My God you’re insufferable.

Slave wages created by cheap labor have socially and economically devastated this country, particularly in rural areas. You’ll never see it, because apparently you believe Dollar Stores, vape stores and hopeless opiate addiction are cultural meccas that the rubes deserve and society should encourage.

And I can’t believe I just fed this utter troll.
This post was edited on 7/6/25 at 9:28 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:25 am to
quote:

Please explain how removing an artificial supply (illegal immigrants suppressing wages) is "abandoning capitalism".

That artificiality is a pretty modern governmental regulation, just FWIW

Also, it's the underlying rhetoric being promoted. Taking form the successful to redistribute to the less successful is a literal Democrat/Leftist bullshite talking point.

quote:

I'm sure you'll include multiple qualifiers and "if/thens" to your explanation so that later when you're called out on it you can passively aggressively claim, "I never said that" like an 8th grade girl.


What a melt to a straw man you created yourself
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464284 posts
Posted on 7/6/25 at 9:25 am to
quote:

Capital investment, when used correctly, has never been a zero sum game as you portend.


What will be the effect of less capital investment?
Posted by SingleMalt1973
Member since Feb 2022
21792 posts
Posted on 7/6/25 at 9:26 am to
Leading Economist catching up to South Park 20 years after it aired

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