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re: Scott Bessent just summed up the migration crisis for America

Posted on 7/6/25 at 10:16 am to
Posted by deathvalleytiger10
Member since Sep 2009
9283 posts
Posted on 7/6/25 at 10:16 am to
quote:

So what will the reversal of these suppressed wages have on prices?


Is that the biggest concern with unfettered illegal immigration?

Do we believe that removing illegals from the country will help drive down the costs associated with all the free handouts they were given along with the burden placed on our infrastructure in regards to education, healthcare, and so forth?
Posted by tigerfan 64
in the LP
Member since Sep 2016
6451 posts
Posted on 7/6/25 at 10:17 am to
quote:

The 2 parties have abandoned capitalists and capitalism.

quote:

now it's time for Main Street to do well

As per the norm, the wisdom you have convinced yourself that you possess has completely eluded you.

Main street is the bedrock of capitalism and entrepreneurship.

Posted by Antonio Moss
The South
Member since Mar 2006
49400 posts
Posted on 7/6/25 at 10:17 am to
quote:

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.


Not necessarily. If production and production efficiency increases, then you will counter upticks in inflation with economic growth.

Natural inflation - inflation that occurs with true economic growth - isn’t the worst thing in the world. It’s the inflation that occurs with an artificial increase in the monetary supply (like we saw in 2019 and 2020) that is the real killer.
Posted by Grumpy Nemesis
Member since Feb 2025
2033 posts
Posted on 7/6/25 at 10:18 am to
quote:

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")

Lol. So now you believe the lie that conservatives didn't care about regular folks? Yeah frick you
Posted by hansenthered1
Dixie
Member since Nov 2023
2638 posts
Posted on 7/6/25 at 10:19 am to
You're comment makes sense only if Wall Street is capitalism but the small shop on main street isn't.

Supply and Demand are a big part of capitalism. When states retard supply or demand they are not being capitalist.

The US has not been a real capitalist country in something like 200 years.
Posted by Penrod
Member since Jan 2011
55490 posts
Posted on 7/6/25 at 10:20 am to
quote:

Nobody has been able to explain how this would work.

Baloney! It’s easily explained, and I’ll sum it up here for you.

Unfettered immigration, along with offshoring is capitalism run rampant. It is true that this creates more wealth than restricting this would, however, it concentrates that wealth in the hands of a few. Just to be clear and transparent, I am one of those few.

It has long been understood that when the gap between the rich and working class becomes too great society becomes unstable, opening the door to radical isms, like socialism. This is to be avoided. In America, the working class is falling behind. On the Democrat side they are having a hard time holding off the Bernies and AOCs. On the Republican side they have been taken over by DJT’s populism. And that is the measure by which we conclude that we have gone too far and must reel this in.

We will short-circuit some wealth creation by doing this, but we should return some prosperity to the working class. We have run this play many times in the past century; Social Security, Medicaid, and every other entitlement has been a wealth destroyer that was implemented for the sake of social stability. The same is true of every regulation. Now, don’t say this hasn’t been clearly explained to you. It has. And this is not the first time.
Posted by longtooth
Member since Jun 2013
529 posts
Posted on 7/6/25 at 10:23 am to
Bessent does a far better job of explaining what the administration is trying to do with trade and the economy than anyone. No doubt Trump is getting him out there as much as possible for that very reason. He has a very calm, respectful, but assertive manner. Would make an excellent Presidential candidate if he ever wanted to go that route. Surprised his past role as the head of Soros fund management hasn’t become a point of contention.
Posted by Antonio Moss
The South
Member since Mar 2006
49400 posts
Posted on 7/6/25 at 10:25 am to
quote:

It has long been understood that when the gap between the rich and working class becomes too great society becomes unstable, opening the door to radical isms, like socialism.


I would challenge this assertion.

Have we ever experienced a growing wealth gap in a capitalist society that lead to an extremist takeover?
Posted by Penrod
Member since Jan 2011
55490 posts
Posted on 7/6/25 at 10:45 am to
quote:

Have we ever experienced a growing wealth gap in a capitalist society that lead to an extremist takeover?

Yes. Venezuela, Colombia, Cuba and other Latin American countries have done so. Brazil is currently experiencing it. Sweden and the UK both went through periods of nationalizing industries until the wealth destruction of socialism forced the UK in the late 70’s and Sweden in the 1990s to reimplement capitalism.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 10:47 am to
quote:

In one post SFP states that increasing the money laborers make is an inefficient use of capital as it’s not enough for them to “invest” and suppressed labor costs are good.

Then in another argues that it’s not slave labor since they make so damn much.

Yes. The 2 are not in opposition

There is a gap between low wages and slave wages.

Which was addressed specifically with min wage that you ignored (for obvious reasons)
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 10:48 am to
quote:

Is that the biggest concern with unfettered illegal immigration?

I'm only speaking to his comments

quote:

Do we believe that removing illegals from the country will help drive down the costs associated with all the free handouts they were given along with the burden placed on our infrastructure in regards to education, healthcare, and so forth?

There is a give and take here.

SS/Medicare in particular will have a funding gap without their tax contributions,.for example

The data regarding the cost of illegals also almost always includes their American children, which is misleading/dishonest.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 10:51 am to
quote:

If production and production efficiency increases, then you will counter upticks in inflation with economic growth.

That's the heart of my point. How is that going to happen with higher wages? And I don't mean absolutely, as the comparison is to the hypothetical with lower wages compared to the hypothetical with higher wages.

As I pointed out, the money that goes towards those higher wages is not going to be going elsewhere. Comparing the flow of that money should be how we judge the projected economic growth. My argument is that diverting that money towards less productive and less efficient endeavors will ultimately be much less productive economically for everyone, as the money will be diverted from the areas needing investment and spending that are much more productive, scalable, and future forward
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 10:54 am to
quote:

You're comment makes sense only if Wall Street is capitalism but the small shop on main street isn't.

That doesn't make sense and I already discussed why

quote:

Supply and Demand are a big part of capitalism. When states retard supply or demand they are not being capitalist.

Yes. Immigration laws and Draconian enforcement of these laws will retard supply of Labor

That's his whole point and how the wages will increase

What I'm discussing is the future effects of that government policy intended to divert (redistribute?) money from war economically productive areas to less economically productive areas.

quote:

The US has not been a real capitalist country in something like 200 years.

Obviously a scale and I'm discussing it becoming less specifically redistributive government policies
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 7/6/25 at 10:55 am to
quote:

And this socialist-style "help" will hurt them eventually.


Secure borders to conserve our American culture and stabilize labor supply for working families is not socialist-style. It’s nationalism and I approve. I believe in language, borders and culture.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 10:57 am to
quote:

Unfettered immigration, along with offshoring is capitalism run rampant. It is true that this creates more wealth than restricting this would, however, it concentrates that wealth in the hands of a few.


This is a straight up Bernie/AOC talking point
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
20082 posts
Posted on 7/6/25 at 10:59 am to
quote:

Which was addressed specifically with min wage that you ignored (for obvious reasons)


I ignored it as it wasn’t relevant to the discussion. For the record I don’t think there should be any minimum wages, labor should be free to work at the established market rate within the confines of a legal immigration structure.

The free market labor rate is distorted by importing illegal immigrants for “suppressed labor costs” (your term). Why do you think these costs are suppressed? Is it because these people are being controlled by their traffickers?

That’s a helluva a thing to endorse.
This post was edited on 7/6/25 at 11:00 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 11:01 am to
quote:

Secure borders to conserve our American culture


I specifically addressed the "blood and soil" commentary

I truly detest their philosophy but I give them credit for being honest about the effects of their desired policy

quote:

. It’s nationalism

My point remains no matter how much lipstick you want to put on the pig.

quote:

And this nationalist-style "help" will hurt them eventually.


The point remains
Posted by Hayekian serf
GA
Member since Dec 2020
4199 posts
Posted on 7/6/25 at 11:05 am to
Easily one of the best cabinet picks.

RFK as well. Something also tells me that Tulsi is playing a bigger part than the spotlight is showing.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 11:05 am to
quote:

I ignored it as it wasn’t relevant to the discussion


Minimum wage being lower than your "slave" wages isn't relative to a discussion labeling your use of "slave wages" as histrionic? What?

How can wages above the minimum wage be considered slave wages? It's a very direct question that is very relevant to this discussion

quote:

Why do you think these costs are suppressed?

Immigrant labor is typically suppressed in terms of wages. This is not a new thing in terms of America or society since probably the bronze age. They come to countries with opportunities from areas with less opportunities and their demands are lower because of this.

quote:

Is it because these people are being controlled by their traffickers?

No

The people they work for aren't even their traffickers and various markets have emerged to price the labor. The fact that there are different markets with different labor scales completely disproves the notion that you're trying to make.

quote:

That’s a helluva a thing to endorse.

If you make up a straw man, you can take that anywhere. Let's try to focus on the arguments and discussions that are actually being had and not use our imagination to create fake ones to then argue against and Spike fake footballs.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476621 posts
Posted on 7/6/25 at 11:06 am to
quote:

RFK as well


This probably is not the thread to promote big government loving Democrats
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