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re: World economic rankings.

Posted on 4/5/25 at 12:01 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
63261 posts
Posted on 4/5/25 at 12:01 pm to
quote:

China moved to an upper middle class per the World bank and will soon be in the high income classification.
Who cares, Bernie? Or is it AOC? Elon Musk has billions. It doesn’t mean I am poorer because he has more than I do.

It hilarious that people that (presumably) think we print too much money, argue that a zero-sum world is harmful to the US.
This post was edited on 4/5/25 at 12:03 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55612 posts
Posted on 4/5/25 at 12:02 pm to
quote:

They're suboptimal, to be more accurate of my stance.


That depends on a lot of things.


Example... would being dependent on another nation to protect us with the military be optimal?


quote:

Why are you ignoring that we're doing so much better than these countries who rely on the tariffs you want to implement?


Because it has no bearing on this topic. Either they grew or they didn't. It does not mean we would not have had the same out come or better even.

quote:


We see what happens when countries choose the suboptimal path, and it's worse economic growth by economic tier.


Only by you twisting data. As Creed point out, we had a 200 plus year head start on China.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298383 posts
Posted on 4/5/25 at 12:02 pm to
quote:

Who cares, Bernie? Or is it AOC?


Every man a king!

A chicken in every pot!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298383 posts
Posted on 4/5/25 at 12:03 pm to
quote:



Only by you twisting data. As Creed point out, we had a 200 plus year head start on China.


And China is coming to an end, due to their one child policies and regulatory enviroment.

And thats who you want to emulate...
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476282 posts
Posted on 4/5/25 at 12:05 pm to
quote:

That depends on a lot of things.

Not really, outside of specific items for legitimate national defense.

quote:

Example... would being dependent on another nation to protect us with the military be optimal?

muh national defense

quote:

Because it has no bearing on this topic.

It has, literally, everything to do with this topic.

We've run an experiment with the economic impacts of tariffs and we came out ahead, WAY ahead. Why do we want to engage in the behaviors of countries who are way behind us, economically? Why mimic the losers?

quote:

Only by you twisting data.

I have done no such thing

quote:

As Creed point out, we had a 200 plus year head start on China.


It's more like 50, and even that's irrelevant.

See: Taiwan.

You do realize Taiwan and mainland China basically entered this conversation at the exact same level with the same population, right?

Taiwan's 2023 Index: 56 (22 in total GDP, 34 in PCGDP). China? 73
This post was edited on 4/5/25 at 12:07 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55612 posts
Posted on 4/5/25 at 12:08 pm to
He did in the post you quoted. It's right here


quote:

You are using flawed data to reach an outcome. By that very nature, the out come is flawed.




If a metric you are using is flawed, then the outcome of it plus the other metrics will be flawed.

Posted by Taxing Authority
Houston
Member since Feb 2010
63261 posts
Posted on 4/5/25 at 12:10 pm to
quote:

No one would invest in it because its debt is too high and it consistently loses money every year to the tune of trillions.

Im no fan of the debt, overspending, nor our monetary policy, but most of the planet disagrees with your statement. we’re still selling Trasuries like crazy.

Why? Everyone else is doing worse.

It’s a terrible strategy that needs to be addressed (well, it needed to be addressed in 2008-2010), but tariffs are the opposite of what we need to be doing.

If the demand for USD goes away our debt balloons, and our government defaults and disappears like the USSR did.

So if the US decides “we don’t want to trade with you”. who will take our dollars?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476282 posts
Posted on 4/5/25 at 12:11 pm to
quote:

If a metric you are using is flawed, then the outcome of it plus the other metrics will be flawed.


But he made no argument to how the actual data I was using was flawed.

He shifted picking out GDP and PCGDP separately, ignoring that I'm using a (napkin math) metric combining the two.

Why do you have a problem using a metric that relies on GDP and PCDGP meshed in order to show relative economic status?

Here is your chance to argue I'm using flawed metrics, in your own words.
Posted by Jjdoc
Cali
Member since Mar 2016
55612 posts
Posted on 4/5/25 at 12:11 pm to
quote:

We've run an experiment with the economic impacts of tariffs and we came out ahead, WAY ahead. Why do we want to engage in the behaviors of countries who are way behind us, economically? Why mimic the losers?



Show me the concrete data that shows the USA would not have reached this point with tariffs.
Posted by Taxing Authority
Houston
Member since Feb 2010
63261 posts
Posted on 4/5/25 at 12:12 pm to
quote:

Do the citizens of Qatar make as much as the citizens of the USA?
Do they have a large domestic manufacturing base they protect with tariffs?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298383 posts
Posted on 4/5/25 at 12:12 pm to
quote:


Show me the concrete data that shows the USA would not have reached this point with tariffs.




Holy shite youre dumb
Posted by BBONDS25
Member since Mar 2008
59340 posts
Posted on 4/5/25 at 12:14 pm to
quote:

you had ever taken an actual college econ course, you would actually understand what youre talking about.


You’re economics knowledge is on par with your ability to write basic sentences. You are so transparent. Clearly deep-seated insecurity causes an inferiority complex. You aren’t smart Roger. You sure do like to tell people you are, though.
Posted by Taxing Authority
Houston
Member since Feb 2010
63261 posts
Posted on 4/5/25 at 12:14 pm to
quote:

No. You are using flawed data to reach an outcome.
Are you a BamaATL alter?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476282 posts
Posted on 4/5/25 at 12:14 pm to
quote:

Why? Everyone else is doing worse.


I actually started a Debt:GDP table and the shocking part was how shittier economics like China ranked so highly.

Japan is (by far) the worst, but China came in at 10th, Brazil was 11th, and India 13th.

Between Japan and that tier was who you'd expect: successful, rich, advanced economies (Italy, US, Belgium, France, Spain, Canada, UK), with Argentina between Brazil and India.

Being so relatively poor and basic, economically, while having such a high debt:GDP, is not good for their future.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298383 posts
Posted on 4/5/25 at 12:15 pm to
quote:



You’re economics knowledge


Is vastly more than yours, objectively.

In fact, you've actually learned a few terms here in the past year. Thats a start

Posted by Jjdoc
Cali
Member since Mar 2016
55612 posts
Posted on 4/5/25 at 12:16 pm to
quote:

But he made no argument to how the actual data I was using was flawed.


He did. He used Qatar as the example. Money is very top heavy. He even quoted all the ways that it is flawed.


quote:

He shifted picking out GDP and PCGDP separately, ignoring that I'm using a (napkin math) metric combining the two.


No he told you one of those metrics is flawed. He told you why. He gave you details as to why. He followed that up and said that since one of your metrics is flawed that out come you reached by combining those 2 will be flawed


Posted by BBONDS25
Member since Mar 2008
59340 posts
Posted on 4/5/25 at 12:16 pm to
quote:

Jesus christ, what magazine did you buy your nursing degree from?


Nothing better than a tour bus driver calling a medical doctor dumb. Sums you up so succinctly.
Posted by BBONDS25
Member since Mar 2008
59340 posts
Posted on 4/5/25 at 12:17 pm to

quote:

Ypu always know you’re winning they start attacking the person, not the position.


Like saying:


quote:

Jesus christ, what magazine did you buy your nursing degree from?
Posted by Taxing Authority
Houston
Member since Feb 2010
63261 posts
Posted on 4/5/25 at 12:19 pm to
quote:

And thats who you want to emulate...
Its odd how they admire them, and yet, insult them at the same time.

As i said we should make importing self-awareness duty-free.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298383 posts
Posted on 4/5/25 at 12:19 pm to
quote:


Its odd how they admire them, and yet, insult them at the same time.

As i said we should make importing self-awareness duty-fre


Thery have no values, and shift their opinions minute to minute depending on how convenient it is
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