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@arcana I wonder if tariffs are much better. The issue is too much spending, not figuring out from which pocket to steal the money
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@lain @arcana Well in the end Americans still pay for it. So like it’s just shifting the burden.
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@SlicerDicer @arcana yeah, just spend less. They wouldn’t even have to lower taxes at first, just not borrowing so much new debt would be enough.
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@lain @arcana @SlicerDicer ok smart guy then who is gonna fund the next bubble? *crickets*
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@Zettour @arcana I don’t see the difference, import tariffs are paid in part by the consumer and producer just as export tariffs
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@lain @arcana One nice thing about US law is that export taxes are forbidden, so it's just foreigners you're stealing from instead of your neighbor. And if you steal enough from the foreigners that creates a job opportunity for your neighbor when the tariffs are too burdensome on profits.
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@feld @lain @arcana Why do we need bubbles? I’m kinda tired of them to be honest.
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@SlicerDicer @arcana @lain bubbles is gonna knock you the fuck out
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@Zettour @arcana the price rises so local people who want to buy rice will have to pay more and be poorer. Sure, a tariff on Chinese rice will help American rice producers, but not the American people as a whole, because everyone who’s not a rice grower has to foot the bill
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@lain @arcana They raise the price on foreign goods, yes, but not local to the same extent long term. If you double the price of Chinese rice someone more local is eventually going to start growing rice to fill that price gap. As a nation you're better off not exporting $100 to save $1 for an individual consumer because that money will continue circulating in your own economy instead.
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@lain @arcana @Zettour I suppose it's easier to imagine it with cars than something is cheap as rice
if China can produce a car for $25,000 but American manufacturers can only build an equivalent car for $35,000, the tariff guarantees that Americans have to spend an extra $10,000 on the same product which means they have $10,000 less to spend on other goods and services in their community.
It keeps an inefficient American business model alive which is ridiculous. It's very anti-capitalism / free-market.
"What if China is subsidizing their auto industry to undermine the American industry?"
good. let them destroy their RMB. There will be consequences later.
lainy
I am Water
feld
Zettour
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