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: Zombie-like rehab nowag
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: Nighttime tan coffee pot
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: Nighttime tan coffee pot
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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