Becoming China

The WSJ is usually not considered “the left”. It is also true that the right used to ridicule the left for wanting government to pick winners and losers, and here the administration is making explicit deals with companies to get access to markets. Perhaps you can quibble with the comparison to China, but I don’t think you can reject the claim that the administration is messing with markets.

 

Their op-ed section is certainly not ‘left-wing’ !

 

It's simply a purchasing behavior modification incentive. The ones that pay the most in tariffs are the foreign countries exporting into the U.S.A. Show me the statistics that prove your taxation/inflation point... if our companies do in fact pay these tariffs. Some of our companies might pay a tad more, but not enough for me to notice any price increases.

 

Swing and a miss.

Purchasing behavior modification incentive? WTF are you talking about.

This thread isn't about tariffs, it’s about the United States government taking 15% of chip sales off the top from a private US seller. A completely ChiComm move.

 

Trump’s capitalism is true, an unbridled capitalism.

 

Are you still pimping out phony inflation?

Same old-fashioned HATE from the Leftists.

 

What?

You move the football more than Lucy did on Charlie Brown.

Didn’t mention inflation. Didn’t mention tariffs. This thread isn’t about either of those things. It’s about the USG taking a 15-% cut on sales made in China by a private US company, a total communist move.

I don’t even think you understand what you’re responding to at this point. You’re more like the old pull string toy that gives the same 3 prerecorded answers to any thread on here no matter how inapplicable they may be to the convo at hand.

Peace be with you.

 

China has a lot wrong with it, and I wouldn’t trade it for what have (had?) but China does seem to have some advantages in their authoritarian capitalism model. They are willing to make massive investments where the United States can’t (or won’t). In a pure capitalism model, individual companies lack the incentives and the money to do some forms of pure research and public infrastructure. But the state can do that. I was just reading about a massive dam project that will cost about a third of a trillion dollars that will potentially power like a quarter of their country (not withstanding they are building in a heavy earthquake zone). We just can’t (or won’t) make those types of investments anymore. You have a guy like Biden who throws some modest sums in the areas, then 4 years later due to partisan politics we are tearing some of it down.

As to the US I’m just amazed at some of the crazy stuff that Trump is doing, and it just happens. I would have never guessed in a million years you have a president getting rich off of fake currency meme coins, negotiating random deals with businesses colleges and countries that are mostly just shakedowns. Apparently we may be having UFC cage matches on the White House lawn….seriously

More and more it looks like Idiocracy was not comedy or satire but actually prophecy.

 

You make a great case for some sort of wealth tax / tax on private equity, if not outright confiscation

 

Roman Empire 2.0

 

Idealogically I would not be opposed to some sort of wealth tax on the very highest (maybe over $100 million) but from a practicality side they never seem to work. People can move wealth.

 

We have an income tax system in place that determines everyone's income. Not sure why that can't be done for net worth. People will cheat, but people cheat on their income taxes too.

 

my recollection was not long ago France enacted a wealth tax, then a lot of wealth left the country, and then they retracted it. The problem is nobody else has one.