So thrilled my kids will be able to get jobs assembling iPhones in the USA!
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Poast new message in this thread
Date: April 11th, 2025 10:03 AM Author: Carmine library
You are insane -- literally insane -- if you are not building some kind of a business for your kids.
The alternatives are all awful.
(http://www.autoadmit.com/thread.php?thread_id=5709062&forum_id=2).#48837349) |
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Date: April 11th, 2025 4:34 PM Author: adventurous transparent water buffalo fanboi
america doesn't get richer as a whole, though, it gets poorer as a whole, because the cost of goods will go up faster than wages. deadweight loss. even smart tariff supporters don't claim it would make america richer as a whole...they just see it as economic welfare for people in manufacturing jobs in the lower rungs of the supply chain.
this board is full of innumerate lawyers unable to grasp second-order effects.
https://x.com/LibertarianDuty/status/1826902403024634072
(http://www.autoadmit.com/thread.php?thread_id=5709062&forum_id=2).#48838875) |
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Date: April 14th, 2025 8:27 AM Author: ,.,.,.,.,.,.,.,.,.,..,.,
The premise that it's all captured by the owner class is wrong. Higher consumer goods prices hurt poors more than they hurt the owner class, since poors spend twice as much of their income on goods as the wealthy do. And lost manufacturing jobs in upstream industries such as the construction and airplane industry (lumber, copper, steel, aluminum tariffs) hurt lower-middle-class blue-collar types.
And that's before factoring in the retaliatory tariffs that destroy jobs by killing exports like airplanes and soybeans.
https://budgetmodel.wharton.upenn.edu/issues/2025/4/10/economic-effects-of-president-trumps-tariffs
(http://www.autoadmit.com/thread.php?thread_id=5709062&forum_id=2).#48844735) |
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Date: April 14th, 2025 8:37 AM Author: ,.,.,.,.,.,.,.,.,.,..,.,
in 2023, the richest 10% of households also saved 26% of their pre-tax income and spent 38% on services, leaving just 13% to be spent on goods. The bottom 90% saved just 2% of their income and devoted a proportionately smaller share of their spending to services, so that they ended up spending 28% of their pre-tax income on goods. If tariffs are levied as a flat-rate import tax on goods, and assuming the import share of goods consumption is the roughly the same for rich and poor, the percent of pre-tax income paid as tariffs by the poorest 90% of households would be more than twice as high, (that is to say in a ratio of 28% to 13%), compared to the top 10%.
(http://www.autoadmit.com/thread.php?thread_id=5709062&forum_id=2).#48844750) |
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Date: April 14th, 2025 8:58 AM
Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,..,
lol chink
(http://www.autoadmit.com/thread.php?thread_id=5709062&forum_id=2).#48844787) |
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