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Trump 2.0 official thread
- Thread starter siegecrossbow
- Start date
Church Du Soleil, with private jets.
There is good news though. Scammer in chief is tired of being scammed too.
AssassinsMace
Lieutenant General
Yes religious Cirque du Solei. Yes the US would love to have their Christians to be able to have unrestricted access to China so they can steal trillions in dollars every year because God told them to.
The New Republic.
Rolling Stone
Two days ago, IT issue at the short-staffed FAA grounded California flights:
ProPublica
Rolling Stone
Two days ago, IT issue at the short-staffed FAA grounded California flights:
AssassinsMace
Lieutenant General
I heard on TV that Trump's maritime charge also includes non-Chinese shipping companies that have just even one Chinese made ship in their fleet. All their ships even if it isn't Chinese made will be charged half of what a Chinese made ship is charged to dock in the US. That's the punishment of any shipping company if they bought a Chinese made container ship so the only way they don't get charged is they have to get rid of their Chinese made ships.
I mean, they can either passing the cost to American importers/exporters, with no loss of marketshare because everyone else pays too, or they can write off their billion $ investment, hand over revenue and market share to Chinese shipping companies, pay extra for new ships, just to have China do the same to those new ships, except China is a much larger trading nation, and they have to write off the new ships too followed by going out of business
There are only two outcome to this: either China gain monopoly over global shipping operations, or US import/export costs goes through the roof, lol
plawolf
Lieutenant General
The only think that trickles down is shit and piss.
Trickle down economics is at best pure fantasy, and most likely deliberate fraud by the wealth to justify them stealing the lion share of a nation’s economic wealth for themselves.
The economic reality is that if you want to maximise economic growth, you should distribute wealth to the poor, not the rich.
For poor people, giving them a 1000 of them $1000 extra disposable income each will generate at a minimum $1000 of short term general consumption, since they will have been suppressing consumption previously since they could not afford to consume what they actually need. That $1000 is then likely to balloon into $2-3k additional consumption via the multiplier effect.
But if you give that same $1,000,000 to one billionaire and you are not going to see much if any additional consumption, since the billionaire already had more than enough wealth to consume to the limit of his appetites. At most you might get him buying an extra Rolex or similar hyper-inflated ultra luxury item that generates almost zero multiplier effect, since the profit margins on those are so high it’s basically a parallel closed loop economy where the ultra wealth basically trade amongst themselves and just add a bunch of zeros of the end of prices.
The principle justification for trickle down economics is that concentrating wealth at the top gives those lucky 0.1%ers the opportunity to invest. Which would have been truth if the stock markets weren’t totally divorced from reality, so all the ‘investing’ in stocks and shares only serves to pump an equity bubble instead of leading to anything actually being built that could lead to more employment and increased production.
This is terminal stage capitalism, where greed has been allowed to run rampant so long that the economic indicators and measures of wealth are no longer even approximately correlating with reality that normal economic principles no longer apply.
At the end of the day, at its core, Finance and Economics is supposed to be about the measurement and allocation of finite resources. That doesn’t work at all when you have manufactured phantom ‘wealth’ worth many times your actual resources. The normal result of this is hyperinflation. But the west has managed to create a band-aid to delay the inevitable in the form of Trickle down economics theory.
The fact that trickle down economics is bullshit and doesn’t add consumption and actually suppresses it is precisely why America needs to do it, to trap as much as the excess phantom ‘wealth’ in hyper inflated luxury goods like mega-yachts, sports cars, ‘art’ etc as possible so the inflationary impact doesn’t spill over too much to the general population.
Otherwise imagine what would happen if the trillions of phantom wealth of the top 100 richest people were given to the poor and they immediately went to spend it all on everyday items, hyper inflation as demand vastly outstrips supply.