Economics Thread

Everything I don't agree with is communist/socialist!

Meanwhile, you support a fully financialized economy that benefits from slave labor of communist dictatorships.

Odd - However you justify your awful worldview.
But this… kind of is socialism. We’re transferring money from companies and consumers to the government to increase domestic business production and subsidize industries we deem important but would be harmed by our protectionist policies.

Taxes are this way too, but I thought you guys hated those too.
 
But this… kind of is socialism. We’re transferring money from companies and consumers to the government to increase domestic business production and subsidize industries we deem important but would be harmed by our protectionist policies.

Taxes are this way too, but I thought you guys hated those too.

We are correcting a broken market that is dependent on slave wages.

Those pretending Trump is interrupting free market activities are clowns. We do not have a free market. We have a communist dictatorship upending all aspect of free trade and putting the rest of the worlds working class out of business.
 
We are correcting a broken market that is dependent on slave wages.

Those pretending Trump is interrupting free market activities are clowns. We do not have a free market. We have a communist dictatorship upending all aspect of free trade and putting the rest of the world’s working class out of business.
I recognize all of the words you’re using here but based on the way you’re using them I’m unclear if you know what some of them mean.
 
I recognize all of the words you’re using here but based on the way you’re using them I’m unclear if you know what some of them mean.

Ok then - Simple question.

Prior to Trumps action did we have free trade/markets with China?
 
I'm starting to think thethe really doesn't know what socialism is.

He is constantly advocating for it but seems to be offended when accused of such.

There are lots of socialists out there. It's very popular. No reason to run from the label if that is what you prefer
 
If one component of your COGS goes up your retail price goes up by that much?

Sure about that one?

The situation you initially laid out INCREASED the sellers gross profit.
I literally told you how 90% of businesses do it. Sure fi you have the massive resources of amazon, etc. you probably have much more accurate measures on what storage costs, etc. are. But your average restaurant and business doesn't have that luxury. Because the volume sold isn't that high.

So yes I'm sure about that.
 
I'm starting to think thethe really doesn't know what socialism is.

He is constantly advocating for it but seems to be offended when accused of such.

There are lots of socialists out there. It's very popular. No reason to run from the label if that is what you prefer

I have never said I'm an unfettered capitalism supporter.

Governemnts are there to protect their citizens from all types of threats. Economic threats being one of them.
 
I literally told you how 90% of businesses do it. Sure fi you have the massive resources of amazon, etc. you probably have much more accurate measures on what storage costs, etc. are. But your average restaurant and business doesn't have that luxury. Because the volume sold isn't that high.

So yes I'm sure about that.
90% of businesses - How many businesses do you have exposure to?

I guarantee you I've seen 10-100X more P&Ls than you have.
 
I have never said I'm an unfettered capitalism supporter.

Governemnts are there to protect their citizens from all types of threats. Economic threats being one of them.
The American government was founded to enforce our rights

Nothing more, nothing less.

You are much closer politically to Bernie Sanders than you are Thomas Jefferson
 
Ok then - Simple question.

Prior to Trumps action did we have free trade/markets with China?
No, but not in the way you’re describing. China, like other overly-populated nations can produce great amounts of product for dirt cheap by exploiting their surplus of available labor. That’s their competitive advantage, and while I’m obviously empathetic to the plight of these workers making a pittance, taking away those jobs certainly won’t help them any. If we start using sweatshops in Vietnam, nothing will have improved on labor.

What I don’t understand is what our move is if China can just make more deals with other countries to offset some of this lost demand. If so, this is a bold gamble because we still can’t compete on the manufacturing stage with them.
 
90% of businesses - How many businesses do you have exposure to?

I guarantee you I've seen 10-100X more P&Ls than you have.
I'm sure you have and I personally probably know many more people who run restaurants, retail operations, and grocery stores than you do.

You're seeing the results of the operations, not the input.
 
I'm sure you have and I personally probably know many more people who run restaurants, retail operations, and grocery stores than you do.

You're seeing the results of the operations, not the input.

I'm not seeing the inputs? Do you know what TB is? Do you know what journal entries are?

Do you understand audit procedures where you take things to invoices?

Do you know what FP&A means?

Stop it Zito - In no way do you understand the ecnomics of business more than I do.
 
No, but not in the way you’re describing. China, like other overly-populated nations can produce great amounts of product for dirt cheap by exploiting their surplus of available labor. That’s their competitive advantage, and while I’m obviously empathetic to the plight of these workers making a pittance, taking away those jobs certainly won’t help them any. If we start using sweatshops in Vietnam, nothing will have improved on labor.

What I don’t understand is what our move is if China can just make more deals with other countries to offset some of this lost demand. If so, this is a bold gamble because we still can’t compete on the manufacturing stage with them.

The slave labor is just a part of the puzzle as to why the CCP doesn't allow global free markets.
 
I have never said I'm an unfettered capitalism supporter.

Governemnts are there to protect their citizens from all types of threats. Economic threats being one of them.
Like the economic threat of paying too little for goods?
 
The American government was founded to enforce our rights

Nothing more, nothing less.

You are much closer politically to Bernie Sanders than you are Thomas Jefferson

I wonder what THomas Jefferson woudl think about a communist dictatorship effectively stealing jobs away from Americans....

I'm sure he would support that!
 
No, but not in the way you’re describing. China, like other overly-populated nations can produce great amounts of product for dirt cheap by exploiting their surplus of available labor. That’s their competitive advantage, and while I’m obviously empathetic to the plight of these workers making a pittance, taking away those jobs certainly won’t help them any. If we start using sweatshops in Vietnam, nothing will have improved on labor.

What I don’t understand is what our move is if China can just make more deals with other countries to offset some of this lost demand. If so, this is a bold gamble because we still can’t compete on the manufacturing stage with them.
Or how deep down the train does the tariff goes. Are we taxing a Dolce and Gabana bag that's "Made in Italy" on the back of dirt cheap chinese labor?

THat being said there's a lot of places in the world that have a lot of money and would happily do trade with China.
 
I wonder what THomas Jefferson woudl think about a communist dictatorship effectively stealing jobs away from Americans....

I'm sure he would support that!
Considering he had slave labor, he'd probably be more shocked we're paying black people for labor.
 
I wonder what THomas Jefferson woudl think about a communist dictatorship effectively stealing jobs away from Americans....

I'm sure he would support that!
He’d probably first ask what Communism is, then ask how taxing Americans more will fight that.
 
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