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Started By
Message
re: But tariffs don’t work….
Posted on 3/24/25 at 7:53 pm to BuckyCheese
Posted on 3/24/25 at 7:53 pm to BuckyCheese
quote:All have teh worlds strongest currecy, right?
Somalia
Gambia
Sierra Leone
Haiti
Burundi
All rich, right?
0
Posted on 3/24/25 at 7:54 pm to geoag58
quote:
where many are predicting we may be in a war with our foe China in 2027.
Many idiots, maybe.
Look, if China was ever stupid enough to get into a war with us, it would hurt us, I'm not saying otherwise, but it would DESTROY China. China is the world's largest food importer.
Posted on 3/24/25 at 7:55 pm to SDVTiger
quote:This too stupid to even explain. Sorry. I don't have the patience.
How is the cost of living going to be increased?
Posted on 3/24/25 at 7:55 pm to SlowFlowPro
quote:
You say this arguing opposite Thomas Sowell and Milton Friedman
Sowell supported Trump and Biden bragged about how "Milton Friedman isn't running the show anymore" during 2020 when he beat Trump.
How many MAGA hats you own?
Posted on 3/24/25 at 7:55 pm to SlowFlowPro
quote:
Compared to today, we were poor.
Yeah.... comparing today to the world then is more than stupid.
So again, the USA was the richest nation prior to FDR.
Posted on 3/24/25 at 7:55 pm to Jjdoc
quote:
These people have zero capacity in logic.
Didn't you push the lie that Meatball launching a campaign was illegal?
Posted on 3/24/25 at 7:56 pm to Jjdoc
quote:Also before email, and the internet. Let's ban those! We'll all be rich!
They look at pre FDR as poor when in fact we were the wealthiest nation and had been for a long time.
All with tariffs.
Posted on 3/24/25 at 7:57 pm to Taxing Authority
quote:
February's UE
Has nothing to do with what I stated which is this
quote:
New factories mean more, high paying jobs.
The fact that you can not grasp that is very telling.
Posted on 3/24/25 at 7:57 pm to Azkiger
quote:
Sowell supported Trump
Not his tariffs
LINK
quote:
Thoughts on the Trump trade war?
quote:
Oh my gosh, an utter disaster. I happen to believe that the Smoot-Hawley tariffs had more to do with setting off the great depression of the '30s than the stock market crash. Unemployment never reached double digits in any of the 12 months that followed the crash of October 1929, but it hit double digits within six months of passage of Smoot-Hawley, and stayed there for a decade.
quote:
What about the view by President Trump that other countries are ripping us off by running trade surpluses?
quote:
It's pathetic. The very phrase "trade surpluses" gives half a story. There are countries that supply mainly goods, physical goods, and there are other things like services that other countries provide, and the United States gets a lot of money from providing services. To talk about one part of the trading and ignore the other part fails to understand that money is money no matter whether it's from goods or services.
When you set off a trade war, like any other war, you have no idea how that's going to end. You're going to be blindsided by all kinds of consequences. You do not make America great again by raising the price to Americans, which is what a tariff does.
Posted on 3/24/25 at 7:57 pm to FlexDawg
Rolls already has at least 6,000 employees in the US.
Good union jobs
LINK
LINK
Good union jobs
quote:
Indianapolis — The UAW has reached a groundbreaking tentative agreement with Rolls-Royce ahead of the contract’s expiration at midnight on Wednesday, February 26. This agreement follows a major rally the day prior and the escalation of a credible strike threat against the world’s second-largest manufacturer of aircraft engines.
quote:
Rolls generated £5.94bn of its revenues in North America last year, up from £4.67bn the year prior.
quote:
In recent years, Rolls has ramped up investment across its US operations, including $1bn in its Indianapolis site.
quote:
America accounts for a third of the company’s total turnover, with the US Department of Defence, Boeing and Lockheed Martin among its largest clients.
quote:
The nature of its supply chain is that many products made in the US are destined for US customers, meaning they will not be hit with export tariffs.
quote:
A Rolls spokesman said: “We have additional capacity within some of our US operations and continuously seek to explore options to ensure that our global internal supply chain is optimised for delivery to customers in the US.”
quote:
To avoid the most damaging effects of the trade war, Rolls is exploring how much production can be transferred from the targeted countries to the US, where it employs 6,000 workers across 11 sites.
LINK
LINK
Posted on 3/24/25 at 7:57 pm to BuckyCheese
quote:
Your example is both too simplistic, and frankly ridiculous, to be taken seriously.
of course. Posted on 3/24/25 at 7:58 pm to geoag58
quote:
In a vacuum Sowell is right but we don't live in a vacuum we live in a world where many are predicting we may be in a war with our foe China in 2027.
And on paper, communism seems great.
Posted on 3/24/25 at 7:58 pm to Jjdoc
quote:
Yeah.... comparing today to the world then is more than stupid.
We're still at the top today, so if you compare us today v. the world, we're only grown in our spot at #1.
quote:
, the USA was the richest nation prior to FDR.
And we're the richest nation today, further from #2 than "prior to FDR"
Posted on 3/24/25 at 7:58 pm to Jjdoc
quote:Why not just pay half of the country to dig holes, and the other half to fill them up! Pay them $100/hr. We'll be rich!
Adding higher paying jobs that raises wages will help them out.
Like I said, we can just break windows and accomplish what tariffs will.
This post was edited on 3/24/25 at 7:59 pm
Posted on 3/24/25 at 7:59 pm to Taxing Authority
quote:
Also before email, and the internet. Let's ban those! We'll all be rich!
Strawman and is just straight stupid argument.
Posted on 3/24/25 at 8:02 pm to Jjdoc
quote:It does. You're just too simplistic to understand why (apparently). We're about 0.6% above what's considered structural minimum UE. So who is going to fill all these new jobs, at interntaionally competitive wages? It's not a complicated question.
Has nothing to do with what I stated which is this
quote:
The fact that you can not grasp that is very telling.
ironic.This post was edited on 3/24/25 at 8:04 pm
Posted on 3/24/25 at 8:02 pm to SlowFlowPro
quote:
Not his tariffs
And you don't support Trump, seems both sides sometimes listen to Sowell and sometimes don't.
Posted on 3/24/25 at 8:03 pm to Azkiger
quote:I support Trump too, but not his tariffs.
Sowell supported Trump and Biden bragged about how "Milton Friedman isn't running the show anymore" during 2020 when he beat Trump.
Besides... Biden kept most of the Trump tariffs that actually got enacted. He rasied them in May. Who did you vote for?
Posted on 3/24/25 at 8:03 pm to Azkiger
quote:
And you don't support Trump
The biggest reason why is his leftist economics
Posted on 3/24/25 at 8:03 pm to SlowFlowPro
-EV for admittedly most products, yes. We will never be cost effective making clothes for instance. China massively subsidizes steel production, we will never be cost effective taking them on in that regards - but we also need domestic steel production for national security. Thats worth subsidizing
We also produce a frickload of our generic meds in countries that are not friendly to the US. Again, an industry worth subsidizing because it is a national security threat
Making cars in the US is EV+
Making heavy industrial equipment is EV+
You also need to bake in that the only reason it is so cost effective to import a lot of consumer garbage is because we subsidize their mail. It costs less money to get something shipped from AliExpress to the US than from New York to California, because we subsidize mail from poor countries (which for some reason China considered)
The more goods that are made in the US, the more the numbers work out. Less transaction cost, less shipping cost, and less slippage from foreign currency conversion
We also produce a frickload of our generic meds in countries that are not friendly to the US. Again, an industry worth subsidizing because it is a national security threat
Making cars in the US is EV+
Making heavy industrial equipment is EV+
You also need to bake in that the only reason it is so cost effective to import a lot of consumer garbage is because we subsidize their mail. It costs less money to get something shipped from AliExpress to the US than from New York to California, because we subsidize mail from poor countries (which for some reason China considered)
The more goods that are made in the US, the more the numbers work out. Less transaction cost, less shipping cost, and less slippage from foreign currency conversion
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