Kurve
Moderator
- Dec 27, 2016
- 29,907
- 62,556
- AFL Club
- Western Bulldogs
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- #31
Here is US Politics - Pt 1
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Trump applied tariffs to Chinese imports in his first term and it didn’t result in any significant increase in inflation. It actually encouraged some US companies to return to the US. It will definitely stop Chinese State owned manufacturing companies from producing EV’s in Mexico (I think).Trump has proposed getting rid of (Federal) income tax but simultaneously imposing tariffs (of up to 85 percent) on all imports to compensate.
In case you haven't switched on, the makers of the goods subject to the tariffs will foist that increase on the goods, resulting in stuff costing 85 percent more at the checkout.
https://www.forbes.com/sites/andrewleahey/2024/06/14/can-trump-eliminate-the-income-tax/
It's crazy that the Republicans (the party of Adam Smith and trade liberalization) would even consider such a proposal:
https://taxfoundation.org/blog/adam-smith-trump-tariffs/
The above was written over 200 years ago.
The USA is the worlds number 1 importer of goods. They import 3 trillion USD per year, comprising 15 percent of their total GDP.
The cost of living would skyrocket if Trump follows through on his plan.
You do get this right?
Stopping America from being an oil exporter back to being an oil importer for starters.No, I asked you to point to the specific economic policy of Biden that has caused the cost of living crisis.
Don't be a coward. Tell me which policy of his it was that you think caused it.
Third time I've asked now.
From where I sit at present, you're either a coward for refusing to answer my question, or a lot less smart than you think you are, and cant answer my question.
I can point to two policies of Trump that directly contributed to it (tariffs on cheap overseas goods, drastically increasing the cost of commonly purchased items, coupled with tax cuts for corporations, which increase inflation).
Again - Which policy of Biden has caused the current cost of living crisis?
No, I asked you to point to the specific economic policy of Biden that has caused the cost of living crisis.
Don't be a coward. Tell me which policy of his it was that you think caused it.
Third time I've asked now.
From where I sit at present, you're either a coward for refusing to answer my question, or a lot less smart than you think you are, and cant answer my question.
I can point to two policies of Trump that directly contributed to it (tariffs on cheap overseas goods, drastically increasing the cost of commonly purchased items, coupled with tax cuts for corporations, which increase inflation).
Again - Which policy of Biden has caused the current cost of living crisis?
Income tax is government’s favourite tool for paying back the interest on all the debt they hold with the criminal banking cartel.The banks create money out of loan repayments.
Loans (like gold or silver) are assets and have value:
https://cepr.org/voxeu/columns/banks-do-not-create-money-out-thin-air
When a Bank deposits money in your account, they create a deficit on their own account, with this deficit backed up by the asset of 'the value of money other people owe them' (instead of simply backed up by another asset, such as 'the value of Gold').
Arguing for a 'return to the Gold standard' is just arguing to replace one social construct with no inherent value other than what we choose to place on it (the value of gold as an asset) with another social construct with no inherent value other than the one we place on it (the value of an outstanding loan as an asset)
And in any event, what on earth makes you think that 'abolishing income tax' has anything to do with banking?
Someone criticised Blackrock? We're all gonna suffer at least 5 paragraphs and 3 wiki links nowUh oh, now you've done it.
Income tax is government’s favourite tool for paying back the interest on all the debt they hold with the criminal banking cartel.
It is the hope that Trump will end this by dismantling the Federal Reserve.
So it's racist to call out / discuss the rich and powerful?Are you aware Blackrock conspiracies are mostly antisemitic in nature?
Same deal with conspiracies that target or blame the Rothschilds, Goldmans, Sachs, Warbergs etc.
On any conspiracy forum dedicated to the topic of the above, you'll see criticism of the above 'bankers/ financiers' side by side with blatant antisemitism.
Everything from putting their names in triple parenthesis (((like this))) which is code for 'the Jews' among white nationalists.
If you're curious, Hitlers entire world view was founded on his belief in the (false) conspiracy theory that (((international banking families and financiers))) - i.e. the Jews - were behind a secret plot to replace the white race of Europe, control all finance, fund all wars, weaken Germany, and control the markets, while simultaneously subvert white Germanic culture via 'cultural Marxism' (he called it 'Judeo bolshevism') by pushing 'degenerate art and culture' (i.e. woke stuff and LGBTI+ agenda) on the Germanic people.
The (((bankers))) were also responsible for the creation of the Soviet union, and Socialism and Communism generally.
To Hitler, these (((bankers and financiers))) were responsible for all of Germanies misfortunes and were the secret puppet masters who needed to be destroyed.
Just letting you know that the conspiracy you've been introduced to is not new, it's been around for a long time in many different forms, and it's deeply antisemitic in nature.
Know this before going down the rabbit hole you're going down.
Trump applied tariffs to Chinese imports in his first term and it didn’t result in any significant increase in inflation.
So it's racist to call out / discuss the rich and powerful?
Income tax is government’s favourite tool for paying back the interest on all the debt they hold with the Jews
What it did was make those Chinese imports more expensive for Americans to purchase.
You do get that right? Tariffs are passed onto the consumer.
And guess who is buying cheap Chinese shit?
Billionaires, or your lot?
It is fair to suggest Biden made a few decisions which caused cost of living pressures for all Americans. Can you guess what some of them were?
Surely Biden removed all those tariffs?
Several studies have examined the cost of the Section 301 tariffs on the U.S. economy. For example, economists Mary Amiti, Stephen J. Redding, and David Weinstein showed that by the end of the first year that the tariffs were in place, U.S. real income declined by $1.4 billion per month. More recently, trade analysts Tori Smith and Tom Lee from the American Action Forum found that U.S. consumers largely bore the brunt of the tariffs, paying a total of $48 billion—with half of this figure paid by U.S. firms that rely on intermediate inputs from China. A recent report by the United States International Trade Commission agreed that the cost of the tariffs was passed through to U.S. importers. Back in 2019, President Biden also agreed, stating, “Trump doesn’t get the basics. He thinks his tariffs are paid for by China. Any beginning econ student at Iowa or Iowa State could tell you the American people are paying his tariffs.”
Vance looks like a Thiel creation.JD Vance - bought and paid for by billionaires. No surprises.
How Thiel and Silicon Valley funded J.D. Vance’s sudden rise
Donald Trump’s VP pick was a venture capitalist bankrolled in business and politics by billionaire investors. His ties to PayPal’s co-founder go way back.www.afr.com
So the policy of Biden that led to increased cost of living for Americans that you're finally going to give me, was him not undoing Trumps signature policy?
https://www.cfr.org/blog/cost-trumps-trade-war-china-still-adding
Your argument is 'Trump made cost of living far worse for Americans, by making real income decline by 1.4 billion USD per month, with consumers (i.e. Americans) also out of pocket an additional 48 billion in increased cost of living pressure as a consequence of increased prices on shit... but really, it's Bidens fault for not reversing those tariffs'
Mate, it was Trumps bright idea to implement the tariffs, and he's been vocal about ramping them up (notwithstanding the impact its going to have on blue collar Americans that will no doubt vote for him).
You guys just dont get it. Trump doesnt give a **** about his supporter base. The whole thing is a massive grift so he can give his family and mates plumb jobs (again), pull the levers on the Stock Market, and make a fortune via insider trading.
Stopping America from being an oil exporter back to being an oil importer for starters.
You’re a joke. I don’t care who controls the criminal international banking cartel. For the humanity’s sake they need to go.Fixed that for you.
Look Lebbo you can ditch 'international banking cabal' nonsense. You and I both know who exactly you're talking about here.
Flooding the market with oil provided Americans and Australian’s with cheap prices at petrol bowsers. Stop asking stupid questions when you know that cheap energy costs reduces the cost of living for Americans.How do you think that benefits Americans (other than American oil tycoons)?
As with Mofra's think tank source on the weekend, I invite you to research who is funding your source. You'll accuse me of being an anti-semite but I just don't think that unaccredited think-tanks set up by politically motivated billionaires are the most reliable of sources.
Well, I think many in the world are getting a good appreciation of what a meaningless word "AntiSemitic" is. People still trying to use it and play the victim whilst they commit genocide (or whatever other word you want to use for the one-sided slaughter that is happening).No, its racist to assert a 'cabal of -Jewish- banking families, Hollywood elites and financiers' are trying to take over the world/ depopulate or replace the white race/ impose cultural Marxism/ peddle our kids out to rape and or cannibalize them etc.
Its a conspiracy that's been around for centuries, and one that Hitler believed in and why he hated the Jews so much.
As with Mofra's think tank source on the weekend, I invite you to research who is funding your source.
Well, I think many in the world are getting a good appreciation of what a meaningless word "AntiSemitic" is. People still trying to use it and play the victim whilst they commit genocide (or whatever other word you want to use for the one-sided slaughter that is happening).