Economics Thread

chop2chip said:
I’m sure if you shout louder you’ll make more sense
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To be fair to thethe, he thinks social security shortfall is simply solved by MOAR Jobs, and that the debt Trump racked up during his term isn't affected by today's rates.

I'm not sure your IQ is on the same level as this economic powerhouse
 
sturg33 said:
To be fair to thethe, he thinks social security shortfall is simply solved by MOAR Jobs, and that the debt Trump racked up during his term isn't affected by today's rates.

I'm not sure your IQ is on the same level as this economic powerhouse
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I just want to understand how I destroyed the middle class for 50 years for asking these questions.
 
sturg33 said:
Because you read a textbook that said economies grow better with less government interference
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I don’t even consider myself a hardcore Milton Friedman Luddite (I like social safety nets!… I think UBI is needed in the long run with AI replacing jobs!!)

What I don’t support is taking actions for no logical reason other than to be punitive. If the goal is to hurt the CCP, good! Tell me how that happens so I can decide for myself if that’s worth the inevitable inflation.
 
chop2chip said:
I don’t even consider myself a hardcore Milton Friedman Luddite (I like social safety nets!… I think UBI is needed in the long run with AI replacing jobs!!)

What I don’t support is taking actions for no logical reason other than to be punitive. If the goal is to hurt the CCP, good! Tell me how that happens so I can decide for myself if that’s worth the inevitable inflation.
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MAGA is quite willing to destroy the daily lives of poor and Middle class Americans so that they can shake their first at China
 
chop2chip said:
What evidence do you have that tariff’s hurt the CCP?

That article shared evidence that it hurt American consumers.

Ergo, “show your work, MAGA”
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I’ve never once said that tariffs will help American consumers so what point are you trying to make?
 
thethe said:
They literally launched a bioweapon on the world and your answer is to continue to enrich them. Can’t make up this level of naivety.

Paralyzed by textbooks and your own dogma. The world requires pragmatic solutions.
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I mean technically if Trump really wanted to fight China he wouldn't have killed TPP as it would have brought more power to other nations in the Asian and South American theater.
 
thethe said:
I’ve never once said that tariffs will help American consumers so what point are you trying to make?
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You are saying the goal is to hurt the CCP. I’m asking for evidence that the original tariff hurt the CCP. I have the data on how American consumers were hurt by them. This is how you… sorry if this phraseology is offensive… weigh “costs and benefits” of trade policy.
 
chop2chip said:
You are saying the goal is to hurt the CCP. I’m asking for evidence that the original tariff hurt the CCP. I have the data on how American consumers were hurt by them. This is how you… sorry if this phraseology is offensive… weigh “costs and benefits” of trade policy.
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Anything that benefits the ccp completely answers pros and cons. But I guess you’re cool with giving them hundreds of billions of dollars?

The tariffs needs to be at a level where companies source their products from different locations. Also to compensate for the tariffs Chinese companies reduced their prices (consulted for a cosmetic company in late 2019). That was the CCPs response to keep the volume the same but less market value was coming back to China. That doesn’t work with stronger tariffs.
 
thethe said:
Anything that benefits the ccp completely answers pros and cons. But I guess you’re cool with giving them hundreds of billions of dollars?

The tariffs needs to be at a level where companies source their products from different locations. Also to compensate for the tariffs Chinese companies reduced their prices (consulted for a cosmetic company in late 2019). That was the CCPs response to keep the volume the same but less market value was coming back to China. That doesn’t work with stronger tariffs.
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Is there a limit on how much you'd punish Americans in order to also punish the CCP?
 
thethe said:
Anything that benefits the ccp completely answers pros and cons. But I guess you’re cool with giving them hundreds of billions of dollars?

The tariffs needs to be at a level where companies source their products from different locations. Also to compensate for the tariffs Chinese companies reduced their prices (consulted for a cosmetic company in late 2019). That was the CCPs response to keep the volume the same but less market value was coming back to China. That doesn’t work with stronger tariffs.
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I thought you were math major?

When your professor asked you to show your work did you respond with “I guess you’re cool with wasting my time”?

We’ve gone over the cosmetic company example before. You want to punish women in this country because you think the Chinese care about losing lipstick manufacturing? They only care about superconductors
 
chop2chip said:
I thought you were math major?

When your professor asked you to show your work did you respond with “I guess you’re cool with wasting my time”?

We’ve gone over the cosmetic company example before. You want to punish women in this country because you think the Chinese care about losing lipstick manufacturing? They only care about superconductors
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Cosmetic companies can deal with reducing their gross margins from 92% to 85%. They’ll live.

Agree on semiconductors but to build that out the way they want they need constant influxes of capital and of course the US to be weak on Taiwan.

And yes as a math student work is important. And I know you’re aware that something as convoluted as international trade policy and downstream impacts on economies is no easy problem to solve. So you’re just taking other analysis that only covers small parts of the system and pretending it’s the gospel.

So I ask again. You are ok with sending hundreds of billions of dolllars to the ccp? Does that matter in the analysis? Where does the tax foundation look at that?
 
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thethe said:
Cosmetic companies can deal with reducing their gross margins from 92% to 85%. They’ll live.

Agree on semiconductors but to build that out the way they want they need constant influxes of capital and of course the US to be weak on Taiwan.

And yes as a math student work is important. And I know you’re aware that something as convoluted as international trade policy and downstream impacts on economies is no easy problem to solve. So you’re just taking other analysis that only covers small parts of the system and pretending it’s the gospel.

So I ask again. You are ok with sending hundreds of billions of dolllars to the ccp? Does that matter in the analysis? Where does the tax federation look at that?
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What’s the goal with punishing the CCP? What are we preventing from happening?

If the goal is prevent them from building a Chinese TSMC, there are more effective means by preventing the sale of the specialized equipment required to design and manufacture those chips. We can prevent Nvidia, Intel and AMD from selling certain products in China. Etc. These are example of precise policy that’s been enacted by the US and our allies that’s been extremely effective. Making women pay double for their lipstick doesn’t matter to the Chinese. And what we saw during the trade war is Americans inevitably complained about higher prices and the Trump administration started granting tariff exemptions on a case by case basis.

So you can shout that everyone who is skeptical of tariffs loves the CCP. But at least show the work.
 
chop2chip said:
What’s the goal with punishing the CCP? What are we preventing from happening?

If the goal is prevent them from building a Chinese TSMC, there are more effective means by preventing the sale of the specialized equipment required to design and manufacture those chips. We can prevent Nvidia, Intel and AMD from selling certain products in China. Etc. These are example of precise policy that’s been enacted by the US and our allies that’s been extremely effective. Making women pay double for their lipstick doesn’t matter to the Chinese. And what we saw during the trade war is Americans inevitably complained about higher prices and the Trump administration started granting tariff exemptions on a case by case basis.

So you can shout that everyone who is skeptical of tariffs loves the CCP. But at least show the work.
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I think we should do ALL of it. The primary goal of the 21st century should be to destroy the CCP.

And its sillky to say the costs would double because it wouldn't. You're increasing costs of the COGS not the end product. I could give a nice little quip about how that shows you don't understand things but I'll just leave it at that.
 
thethe said:
I think we should do ALL of it. The primary goal of the 21st century should be to destroy the CCP.

And it’s sillky to say the costs would double because it wouldn't. You're increasing costs of the COGS not the end product. I could give a nice little quip about how that shows you don't understand things but I'll just leave it at that.
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So this goes back to aces question then

Why 60% tariff? Why not 100% Why stop there when we can ban trade imports from China?
 
chop2chip said:
So this goes back to aces question then

Why 60% tariff? Why not 100% Why stop there when we can ban trade imports from China?
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I think we should apply whatever pressure possible to break up the CCP - Then when the market doesn't have artificially reduced prices due to slave labor we can return to a more libertarian style of economy.

I always laugh when I hear 'increased prices'. Shows just a complete juvenile thought process.
 
I've never seen someone so certain of his own brilliance with the complete inability to present the evidence of anything he believes
 
thethe said:
I think we should apply whatever pressure possible to break up the CCP - Then when the market doesn't have artificially reduced prices due to slave labor we can return to a more libertarian style of economy.

I always laugh when I hear 'increased prices'. Shows just a complete juvenile thought process.
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So tariffs don’t increase prices, or you don’t care that they will increase prices?
 
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