Mainstream Economics Thread

[Sandstone Outcropping]

absolute moron and imbecile. Anybody who has taken ECON101 at KSU knows this is all bullshit:

https://x.com/Acyn/status/1907529729504403823

[kim carnes]

The great thing about a tax on consumption is it’s much harder for people to avoid than other forms of taxes.

[Stupid Fitz]

The great thing about a tax on consumption is it’s much harder for people to avoid than other forms of taxes.

It also really hammers poor people, but it appears they are actively trying to kill them, so.

[michigancat]

It's pretty funny when he keeps talking about how past presidents should have done this

[Rage Against the McKee]

It's going to be the Smoot-Hawley Tariff Act all over again.

[kim carnes]

The great thing about a tax on consumption is it’s much harder for people to avoid than other forms of taxes.

It also really hammers poor people, but it appears they are actively trying to kill them, so.

I think it’s effect is a good deal more complicated than that

[Sandstone Outcropping]

Insane that he's just making this stuff up on the fly and it impacts the lives of 100s of millions of people. And he is still talking...

https://x.com/TheStalwart/status/1907530521783017853

[sonofdaxjones]

This is fair . . . #blueanongE (Posted as the United States has provided these countries military protection totaling tens of trillions of dollars since the end of WWII). I wonder what these countries are so afraid of . . . I can understand the Western Euro's, President Robo Pen has absolutely devastated their industrial base (and to think, mush brained #blueanon derps and #neocons tried to sell that Putin blow up his own pipeline)


https://twitter.com/KanekoaTheGreat/status/1907486404999065612

[Rage Against the McKee]

Well, now that we won't be getting ripped off so much, we will all be able to enjoy the benefits of higher prices for everything.

[Stupid Fitz]

Well, now that we won't be getting ripped off so much, we will all be able to enjoy the benefits of higher prices for everything.

That's just until all these new factories start humming in 15-20 years.

[sonofdaxjones]

Calendar Year 2024 US trade deficit . . . just under a trillion dollars (a new record).

Keep the US easy pickens . . . #blueanongE aka Cuck City USA

[Sandstone Outcropping]

Well, now that we won't be getting ripped off so much, we will all be able to enjoy the benefits of higher prices for everything.

That's just until all these new factories start humming in 15-20 years.

Manufacturing is thrilled about the tariffs that supposed to help them...

https://x.com/ShopFloorNAM/status/1907549845289615650

[cfbandyman]

Regressive ass policy that all is going to do is inflame inflation and cause more pain and uncertainty and marginal jobs at factories that will do even more to cut out human labor. Hardly anyone will benefit.

[sonofdaxjones]

The fantastic thing about the above post is that when another entity similar to NAM weighed in on Canadian government subsidization of the Canadian lumber industry (apparently a violation of NAFTA), and Canadian dumping of lumber in the United States.  #blueanongE thought it was just a big joke and some industry mouthpiece crying about how it was so unfair.

Now when #blueanongE needs to bolster their (meltdown) position, they run to an industry mouthpiece.

How positively #onbrand in every way  and 

[Institutional Control]

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[wetwillie]

You know you really mumped up when China, Japan and South Korea are working together

[steve dave]

https://x.com/jdcmedlock/status/1907569550885031957

[steve dave]

futures in the absolute toilet, as expected

[steve dave]

is this good?

https://x.com/TheStalwart/status/1907575133616652394

[Stupid Fitz]

It is good. Did you see that 9th grade fencer having to compete against a trans person? Totally worth destroying the economy and starving poor people. Oh, and also killing people by cutting health programs they rely on and also (this is a new one) making poor people freeze to death by completely firing everyone and eliminating a department that helps people get heating for their homes that can't afford it. It will all be worth it in the end. Well, not for any of those people above, but for some really rich people.

[Rage Against the McKee]

is this good?

https://x.com/TheStalwart/status/1907575133616652394

I don't understand how that could possibly be less than 90%.

[hjfklmor]

https://bsky.app/profile/mmasnick.bsky.social/post/3llukkxo3d22x

Seems pretty reciprocal.

[steve dave]

is this good?

https://x.com/TheStalwart/status/1907575133616652394

I don't understand how that could possibly be less than 90%.

well, it's "in 2025" which we are well into, and Trump inherited the single best economy any of us has lived through (even Dax). so that would be a REMARKABLE feat. NEVERTHELESS!

[Stupid Fitz]

https://bsky.app/profile/mmasnick.bsky.social/post/3llukkxo3d22x

Seems pretty reciprocal.

We should be producing military people and uninhabited islands here in the rough ridin' USA damn it.

[michigancat]

I'm still not fully clear how this is going to shake out but it seems like the global supply chain is going to be an even bigger mess than it already is