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re: corporate welfare vs socialism
Posted on 12/1/16 at 4:54 pm to germandawg
Posted on 12/1/16 at 4:54 pm to germandawg
quote:
if those CEOs want to sell their shite in the US they better make it in the US or their products will be so expensive no one is going to buy them....thats the beatiful thing about protectionism
Holy shite, you don't know what you're saying.
The People have voted American jobs overseas with their dollars. We've had the choice to buy American or cheap imports, we chose cheap imports. No amount of tax breaks is going to compensate for the cheap labor overseas.
What you're advocating will lead to runaway inflation. It'll be inflationary, because suddenly we'll have to either pay the cost of the tariff, or pay the cost of the more expensive American labor. Once inflation hits, the Fed will look at the debt and say, "We can't afford to raise interest rates - besides, devaluing our money with inflation is the only way to pay off the debt."
In any case, inflation is coming.
2
Posted on 12/1/16 at 5:09 pm to WildTchoupitoulas
quote:
No amount of tax breaks is going to compensate for the cheap labor overseas.
But putting Tariffs on Mexico could offset things.
Less money for labor... more money for tariffs...
Isn't that what Trump put before Carrier during the phone call?
Posted on 12/1/16 at 8:27 pm to WildTchoupitoulas
quote:
Holy shite, you don't know what you're saying.
The People have voted American jobs overseas with their dollars. We've had the choice to buy American or cheap imports, we chose cheap imports. No amount of tax breaks is going to compensate for the cheap labor overseas.
What you're advocating will lead to runaway inflation. It'll be inflationary, because suddenly we'll have to either pay the cost of the tariff, or pay the cost of the more expensive American labor. Once inflation hits, the Fed will look at the debt and say, "We can't afford to raise interest rates - besides, devaluing our money with inflation is the only way to pay off the debt."
In any case, inflation is coming.
Again...so November 7th, 2016...Inflation be damned....free trade is dead and good riddance to bad rubbish....American labor has been looking for protectionism since the mid 80's and they found it in Michigan, Wisconsin and Pennsylvania on November 8th, 2016. If inflation gets out of hand w'ell just use the power of the state to enforce cost controls or we'll just call the reserve and tell 'em to run off a couple of trillion more in 20's....its a brave new world my friend, no need to get skeered right at the beginning with fears of inflation and reprisals....
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