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Message
re: "Service economies aren't supposed to charge tariffs, only manufacturing economies should"
Posted on 4/3/25 at 11:06 am to Flats
Posted on 4/3/25 at 11:06 am to Flats
quote:
And yet their standard of living is lower than ours, mainly because they tax the shite out of their people to provide those government services.
They also rely on tariffs to engage in inefficient domestic protectionism to reach that lower SOL
This post was edited on 4/3/25 at 11:07 am
Posted on 4/3/25 at 11:08 am to SlowFlowPro
quote:
Rich nations aim for higher-value production.
This logic reminds me of a Shaq quote about his kids thinking they are rich because he is rich.
Again, you really should get out more.
Posted on 4/3/25 at 11:08 am to Flats
quote:
And yet their standard of living is lower than ours, mainly because they tax the shite out of their people to provide those government services.
This is true, please don’t view my statement as a support for the government providing more services, I believe they are the least efficient option possible for a myriad of reasons.
I simply meant that if we’re comparing apples to apples and attempting to be honest about whether it’s a spending or a revenue issue I think it’s important to level set what on paper we get for our spend versus other post industrial nations, all of whom seem to be struggling significantly with regard to wealth building for the average citizen, get
The trends I see are wage stagnation, potential replacement via AI or low wage white collar competition from India, declining replacement rates and a myriad of other symptoms which seem to me to be clear indicators of a failing system.
Posted on 4/3/25 at 11:08 am to SlowFlowPro
Here’s a comparison of the **U.S. national debt growth** versus **GDP growth** from **1990 to 2024**, showing how much faster debt has risen than the overall economy.
---
### **1. GDP Growth (1990–2024)**
- **1990 GDP:** ~$5.96 trillion (nominal)
- **2024 GDP:** ~$28.78 trillion (nominal, est.)
- **Total GDP Growth:** **+383%** (unadjusted for inflation)
- **Annualized GDP Growth Rate:** ~**4.3% per year** (nominal)
**Inflation-Adjusted (Real GDP):**
- **1990 GDP (2024 dollars):** ~$13.9 trillion
- **2024 GDP (real est.):** ~$28.78 trillion
- **Real GDP Growth:** **+107%** (about **2.2% per year**)
---
### **2. National Debt Growth (1990–2024)**
- **1990 Debt:** ~$3.2 trillion
- **2024 Debt:** ~$34.6 trillion
- **Total Debt Growth:** **+981%** (10.8x higher)
- **Annualized Debt Growth Rate:** ~**7.5% per year**
---
### **3. Debt-to-GDP Ratio (Key Measure of Sustainability)**
- **1990:** **~53%** (Debt = 53% of GDP)
- **2024:** **~123%** (Debt > GDP)
- **Change:** **+132% increase** in debt burden relative to economy
---
### **Key Takeaways**
1. **Debt grew 2.5x faster than GDP** (981% vs. 383% nominally).
2. **Even adjusting for inflation**, debt grew **~4.5x faster** than real GDP.
3. **Debt-to-GDP more than doubled**, meaning the U.S. is far more leveraged today.
4. **Interest costs now eat ~3.5% of GDP** (vs. ~3.2% for defense spending).
*AI is super neat
---
### **1. GDP Growth (1990–2024)**
- **1990 GDP:** ~$5.96 trillion (nominal)
- **2024 GDP:** ~$28.78 trillion (nominal, est.)
- **Total GDP Growth:** **+383%** (unadjusted for inflation)
- **Annualized GDP Growth Rate:** ~**4.3% per year** (nominal)
**Inflation-Adjusted (Real GDP):**
- **1990 GDP (2024 dollars):** ~$13.9 trillion
- **2024 GDP (real est.):** ~$28.78 trillion
- **Real GDP Growth:** **+107%** (about **2.2% per year**)
---
### **2. National Debt Growth (1990–2024)**
- **1990 Debt:** ~$3.2 trillion
- **2024 Debt:** ~$34.6 trillion
- **Total Debt Growth:** **+981%** (10.8x higher)
- **Annualized Debt Growth Rate:** ~**7.5% per year**
---
### **3. Debt-to-GDP Ratio (Key Measure of Sustainability)**
- **1990:** **~53%** (Debt = 53% of GDP)
- **2024:** **~123%** (Debt > GDP)
- **Change:** **+132% increase** in debt burden relative to economy
---
### **Key Takeaways**
1. **Debt grew 2.5x faster than GDP** (981% vs. 383% nominally).
2. **Even adjusting for inflation**, debt grew **~4.5x faster** than real GDP.
3. **Debt-to-GDP more than doubled**, meaning the U.S. is far more leveraged today.
4. **Interest costs now eat ~3.5% of GDP** (vs. ~3.2% for defense spending).
*AI is super neat
This post was edited on 4/3/25 at 11:11 am
Posted on 4/3/25 at 11:11 am to scottydoesntknow
quote:
, showing how much faster debt has risen than the overall economy.
Has nothing to do with tariffs, really.
Our government spends too much. I am not arguing that.
Our economy is still #1 in spite of that. Let's go back to my post to which you responded:
quote:
In exchange for higher-margin production and a more affluent, robust society-economy? I wonder why.
Poor nations produce for pure volume.
Rich nations aim for higher-value production.
The US has the best combination of both. I'm rejecting a theory that wants to erode our higher-margin output in exchange for lower-margin output and a devolved economic standing and SOL, as a result.
Why do you want to devolve our economy so that it's economically efficient to produce lower-level goods again?
You think that crashing of our GDP will help deal with that public debt, or something?
This post was edited on 4/3/25 at 11:12 am
Posted on 4/3/25 at 11:13 am to SlowFlowPro
quote:
Why do you want to devolve our economy so that it's economically efficient to produce lower-level goods again?
You think that crashing of our GDP will help deal with that public debt, or something?
They're fumbling around in the dark for answers and no one has them except for people they disagree with so intensely, breaking ranks for one second would crash their worldview
Posted on 4/3/25 at 11:16 am to SlowFlowPro
quote:
Has nothing to do with tariffs, really.
It does though.
The government spending...is why we are still affluent. Take away all the welfare, government jobs, subsidized cheap loans, bailouts...in addition to the jobs we sent overseas and wed be poor as hell. If you dont make things, you dont create any value.
Posted on 4/3/25 at 11:19 am to scottydoesntknow
quote:
The government spending...is why we are still affluent.
No
quote:
Take away all the welfare, government jobs, subsidized cheap loans, bailouts...in addition to the jobs we sent overseas and wed be poor as hell. I
You're just making shite up, now.
We're the #2 manufacturing nation on earth and top 10 in per capita value of manufactured goods. The only reason we're not #1 in total output is China has 3x the population as us and has focused on manufacturing for 30 years.
We're the world's leading producer in tech, medical research, culture, entertainment, etc.
You're just making shite up to make your point, at this point.
Posted on 4/3/25 at 11:19 am to atlgamecockman
quote:
They're fumbling around in the dark for answers and no one has them except for people they disagree with so intensely, breaking ranks for one second would crash their worldview
Its funny how Trump, and all world leaders across the globe are fools for using tariffs...but the select few geniuses on the internet know that tariffs are dumb because...reasons
Posted on 4/3/25 at 11:22 am to SlowFlowPro
quote:
You're just making shite up, now. We're the #2 manufacturing nation on earth and top 10 in per capita value of manufactured goods. The only reason we're not #1 in total output is China has 3x the population as us and has focused on manufacturing for 30 years. We're the world's leading producer in tech, medical research, culture, entertainment, etc. You're just making shite up to make your point, at this point.
Im the only one that has brought stats to
this debate
Posted on 4/3/25 at 11:30 am to FightinTigersDammit
quote:
Culture?
Music, movies, entertainment, fashion, etc.
Posted on 4/3/25 at 11:30 am to scottydoesntknow
quote:
Im the only one that has brought stats to
this debate
Bringing irrelevant numbers means nothing.
Posted on 4/3/25 at 11:31 am to SlowFlowPro
Your post said "culture and entertainment". Is there a difference?
Posted on 4/3/25 at 11:35 am to tide06
This guy gets it, you can’t just be a service oriented economy without producing tangible products and resources because eventually those services and technologies are copied or stolen. You have to exploit the resources that we have that others do not possess otherwise you have no leverage which id exactly the situation we currently find ourselves.
Posted on 4/3/25 at 11:39 am to SlowFlowPro
Heres the beautiful thing SFP...we won and you people who drug down our country are just gonna have to sit back and take it like we did. No amount of bitching on the internet will stop it
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