THE BEAUTIFUL BUDGET
I don't think it's very beautiful, from what I've heard about it.
No need to increase the military budget, let alone a la
Read my other post. Corporate profits are taxed at least four times before they get to your pocket, tax free accounts like IRAs and 401ks only eliminated two of those tax layers. Buybacks are still more efficient even for tax advantaged accounts.
That's a big word salad, but it doesn't change the fact that everyone knows tariffs are a horrible idea with serious negative consequences. Just like the defund the police idea, we don't have to actually run the experiment to figure out how awful an idea it is. We already know.
You don't think an leo budget can be trimmed ever? Don't you at least want to destroy their union and
When you argue this dishonestly, it’s clear you don’t care about the truth.
Truth is that free trade made the US the wealthiest nation on earth, and increased workers wages by incredible amounts the last two hundred years.
Tariffs increase the cost of goods. Tariffs increase the cost of inputs for manufacturers, forcing them to raise prices, and become less competitive, costing them sales and forcing them to reduce jobs.
Tariffs are bad for workers, just as they are bad for everyone except the tiny few oligarchs who get to control their domestic markets free from competition, like the Fanjul family that’s billionaires from tariffs raising the cost of sugar in the US, a tax paid every day for decades by families in the US. And that’s just one tiny example.
That's a big word salad, but it doesn't change the fact that everyone knows tariffs are a horrible idea with serious negative consequences. Just like the defund the police idea, we don't have to actually run the experiment to figure out how awful an idea it is. We already know.
You don't think an leo budget can be trimmed ever? Don't you at least want to destroy their union and
When you argue this dishonestly, it’s clear you don’t care about the truth.
Truth is that free trade made the US the wealthiest nation on earth, and increased workers wages by incredible amounts the last two hundred years.
Tariffs increase the cost of goods. Tariffs increase the cost of inputs for manufacturers, forcing them to raise prices, and become less competitive, costing them sales and forcing them to reduce jobs.
Tariffs are bad for workers, just as they are bad for everyone except the tiny few oligarchs who get to control their domestic markets free from competition, like the Fanjul family that’s billionaires from tariffs raising the cost of sugar in the US, a tax paid every day for decades by families in the US. And that’s just one tiny example.
When you argue this dishonestly, it's clear you don't care about the truth.Truth is that free trade made the US the wealthiest nation on earth, and increased workers wages by incredible amounts the last two hundred years.Tariffs increase the cost of goods. Tariffs increase the cost of inputs for manufacturers, forcing them to raise prices, and become less competitive, costing t
tariffs can be good for workers in the tariffed sector if they are specialized ones, but even when that happens that slice of the population is still minuscule compared to the totality of consumers, and companies that use the products as part of their supply function.
that's well established economics and it used to be known more on the right tbh. it used to be the left which pandered to domestic slices of workers to "protect" them at the expenses of everyone else.
trump tariff penchant clearly puts him on the left of the economic spectrum for that very specific dynamic.
I have been saying MAGA has marxist components since well before the 2024 elections.
Depending on how much Trump pushes them though compared to the non-marxist elements i will judge him in what i call "millimarx", the measuring unit of marxism.
For now Trump has chosen to spend a considerable part of his political capital on tariffs both for marxist and non marxist reasons.
But for judicial nominations he nominates very anti-marxist people all the times.
Say he actually delivers on profound federal deregulation, that would be anti-marxist as well.
the SALT deduction amount seems like it could be a tough negotiating point
your 7-10 GOP/blue state house members who insist on it are basically only in congress to get it raised, im not even sure trump could get them to cave on that 1
When you argue this dishonestly, it's clear you don't care about the truth.Truth is that free trade made the US the wealthiest nation on earth, and increased workers wages by incredible amounts the last two hundred years.Tariffs increase the cost of goods. Tariffs increase the cost of inputs for manufacturers, forcing them to raise prices, and become less competitive, costing t
Sure in a vacuum or basically in a scenario where people want more wine for their tobacco.
Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy.
The current tariffs are part of The Reshoring Initiative as opposed to wanting a better exchange of consumer goods. So we really can't say people will be worse off tomorrow sans the tariffs because we really don't know how much of the higher prices today will feedback through reshoring into a better tomorrow.
MAGA is populism, it’s a refutation of republicanism. It cares not for rule of law, free markets or the hardworking honest immigrants who helped build this country, and instead promotes tariffs and bigger government to track and deport anyone who offends our king.
Reshoring is just a way to make America poor again.
Apple created an ecosystem around the iPhone that supports close to a million six figure jobs designing components, software, chips and accessories for it.
Reshoring means instead of assembling them in China for $3/hour and lifting hundreds of thousands of Chinese workers out of poverty, it will have to pay ten times as much to build iPhones in the US. This will force Apple to raise iPhone prices, not only costing it sales and market share, but also costing us tens of thousands of high paying design and developer jobs and replacing them with low paying blue collar assembly jobs.
The big winner will be Samsung, as it increases market share world wide directly at the expense of Apple, and those high paying jobs migrate to South Korea. Samsung execs will be laughing their asses off as they gain market share in everything from smartphones to washing machines at the expense of the US.
Oh wait, you’re right! The US is better off doing everything itself. I’m going to fire that housekeeper I pay $30/hour to clean my house and do it myself. I’ll save so much cleaning my own toilets and vacuuming that I won’t miss those extra $120/hour contracting hours at my day gig I’ll be forced to give up!
Read my other post. Corporate profits are taxed at least four times before they get to your pocket, tax free accounts like IRAs and 401ks only eliminated two of those tax layers. Buybacks are still more efficient even for tax advantaged accounts.
Reshoring is just a way to make America poor again. Apple created an ecosystem around the iPhone that supports close to a million six figure jobs designing components, software, chips and accessories for it. Reshoring means instead of assembling them in China for $3/hour and lifting hundreds of thousands of Chinese workers out of poverty, it will have to pay ten times as much t
how does that work .
u give jobs to china it bring them out of poverty but u giver higher paying job in the US and its make them poorer ?
ps: 1 millions jobs in designing components,etc.
why would they leave exactly ?
apple would still need them.
and 1 millions job on a workforce of what , 150 millions workers in the USA isnt much compare to the millions of jobs it would bring in manufacturing shrug.
yes prices of iphone would rise but so all those millions of workers with manufacturing jobs having higher wages to afford them instead of working at wallmart.
yes house keeper might suffers more then the rest but ,are they really on what the US economy should be based upon, housekeeping or making real stuff ?
btw usually innovation mostly comes from the people that actually makes stuff.
having a manufacturing base have advantages too .
Reshoring is just a way to make America poor again. Apple created an ecosystem around the iPhone that supports close to a million six figure jobs designing components, software, chips and accessories for it. Reshoring means instead of assembling them in China for $3/hour and lifting hundreds of thousands of Chinese workers out of poverty, it will have to pay ten times as much t
Yeah, that wouldn't be smart. But just because we're not there yet with the robotics.
SoftWear AutomationÂ’s big selling point is that one of its robotic sewing lines can replace a conventional line of 10 workers and produce about 1,142 t-shirts in an eight-hour period, compared to just 669 for the human sewing line. Another way to look at it is that the robot, working under the guidance of a single human handler, can make as many shirts per hour as about 17 humans.
As I said, we're not there with complicated electronics but we we're close. That and incentivizing or accelerating that is more what the reshoring issue is about.
Can you restate this in english?
ps: 1 millions jobs in designing components, etc.
why would they leave exactly ?
apple would still need them.
Again english only.
and 1 millions job on a workforce of what, 150 millions workers in the USA isnt much compare to the millions of jobs it would bring in manufacturing shrug.
We don't need MORE jobs if they are minimum wage or barely above it, we need BETTER jobs that pay multiples of minimum wage. Basic manufacturing isn't even worth the US minimum wage on international markets, China can get those jobs because their living standards improve getting to work for $2 or $3/hour.
Which is why US manufacturing moves up the value chain where a lot more training and investment is needed, so it makes sense to pay $40-$80/hour.
yes prices of iphone would rise but so all those millions of workers with manufacturing jobs having higher wages to afford them instead of working at wallmart.
Yea, nope. They'll be making $20-$30/hour and only buying Android devices. Great for Samsung, right?
yes house keeper might suffers more then the rest but, are they really on what the US economy should be based upon, housekeeping or making real stuff ?
WTF are you even talking about? The discussion is whether we wanted more software and hardware engineers, project managers, resource specialists, marketing managers, R&D specialists, etc, or more low wage manual labor jobs.
[QUOTE=Montrealcorp;59017534btw usually innovation mostly comes from the people that actually makes stuff.
having a manufacturing base have advantages too .[/QUOTE]
Software engineers make stuff. Hardware engineers make stuff. Silicon designers are necessary before TSMC can invest the hundreds of billions of capital and millions of hours of hard labor to build chips, and the companies that designs the chips (Apple, Qualcomm, Nuvidia, etc) makes far more and supports more high paying jobs than TSMC does.
How much does the SoftWare Automation's robotic sewing lines cost? If it costs millions and 10 workers cost $30/hour in China, it's a losing proposition.
The idea that robots can automate tasks to make things cheaper isn't true universally. It depends upon how productive the machines are and how costly they are to acquire and maybe even importantly, run and maintain. There are no free lunches.
The good news is if magic robots are designed that can cheaply build anything we want, then the free market will bring those to us without any industrial policy or tariffs being necessary. The reality is they will proceed slowly, mastering the easiest and most productive things first and gradually increase in abilities while slowly lowering their own cost of manufacture and operation.
How much does the SoftWare Automation's robotic sewing lines cost If it costs millions and 10 workers cost $30/hour in China, it's a losing proposition.The idea that robots can automate tasks to make things cheaper isn't true universally. It depends upon how productive the machines are and how costly they are to acquire and maybe even importantly, run and maintain. There are n
The bad news with your plan is that if we wait while others don't it will render our workforce uncompetitive. Robots aren't employees. Just like advanced weaponry is a force multiplier for the military, robotics are a labor force multiplier. So just as with the food industry the janitorial industry for example will lose 60% of it's jobs over the next few years. But that doesn't translate into unemployment unless the whole process doesn't create new jobs:
https://www.citifirst.com.hk/home/upload...
Citi GPS: Global Perspectives & Solutions © 2024 Citigroup
THE RISE OF AI ROBOTS
Physical AI is Coming for You
We are entering a new era in which AI-robots and humanoids will be moving all
around us. Our analysis suggests there will likely be 1.3bn AI-robots by 2035 and
4bn by 2050.
BILLIONS!
Despite the rather nominal short-term opportunity cost, if there is one, I'd rather have people building robots than cleaning toilets.
The Washington Post reported today that the Big Beautiful Bill will mandate the abandonment of USPS EV's and their charging infrastructure.
https://www.msn.com/en-us/news/politics/...
At some point, it starts to look someone has an Armageddon prophecy complex and wants to destroy the world asap in order to determine whether the prophecy is accurate.
("Hey's .... let's destroy life on Earth asap so we can maybe get to heaven .... if we are wrong .... oh well, our species had a good run").
Problem is robots require capital investment. If they don’t justify that investment, they are burning capital instead of creating more. So if other countries beat us to robots it could mean they are ahead of the curve and burning their national wealth on vanity robots, just like Tesla is burning its capital on unsustainable Robotaxis lacking sufficient sensors to meet reasonable licensing requirements.
Or the problem would be our capital costs would have risen too high for the free market to invest enough in robots. Like from the high costs of tariffs, massive government debt and socialistic national programs.
The Washington Post reported today that the Big Beautiful Bill will mandate the abandonment of USPS EV's and their charging infrastructure. https://www.msn.com/en-us/news/politics/...At some point, it starts to look someone has an Armageddon prophecy complex and wants to destroy the world asa
Christians have been predicting the imminency of end times since Jesus. First he promised to return in the final judgement before the last of his disciples died, then Paul warned young people not to marry as the end was imminent. Church leaders have kept their end of times grifting going despite the obvious permanent failure of every prophecy almost two thousand years ago as a holy testament to the fact that few Christians even read the Bible.
Daddy wants it done by July 4th
We'll see. Dem clerks are reading out the passages verbally now to stall. Expected to take 10-15 hours.
