Mayor of NYC Eric Adams has stopped the free debit card to migrants program. One phone call with Trump.
Instant results. With demented Joe and I refuse to do any work Kamalalala DingDong in office, everybody knows Trump is already de facto POTUS.
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Where are you reading it was after a trump call? I’m only seeing that he is letting the one year program not renew but I haven’t read anything about a trump phone call being the reason
No
Inflation is an increase in the supply of money which raises the price of everything
Thanks for sharing it, but I think I disagree
Government spending and tax revenue are disconnected
Government spends according to whatever, and government taxes according to whatever
Taking money from people and giving it to government decreases citizen spending but doesn’t raise government spending because the government will spend money it doesn’t have without batting an eye (at least for the foreseeable future)
Tariffs are not just another tax on consumers, they are a tax on the entire chain. Not all of the hit goes to consumers, it is shared by producers and middlemen as well
I think you disagree with Keynesian thought, so you agree with the author.
So, producers will take the hit and not pass it on to consumers?
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It depends on the scale you examine it. Some producers will take a hit for all kinds of reasons. For a dirty capitalist pig-dog trick that would enrage a Bolshevik, some companies with surplus resources will run in the red to undercut their competition and capture their market share.
At the end of the day a business still needs to break even, and if their only revenue comes from customers that is where the cost increase ultimately must be passed.
If a long-term secondary effect of a tariff is an increase in the purchasing power of the customer base, a tariff could very well be in everyone’s (eventual) interest.
To butt in, Trumps proposed tariffs provide two-fold benefit to us on this topic. In addition to managing Chinese economic prowess and a slew of other things.
- They are designed to provide the economic benefits over and above drawbacks as this thread in general has discussed
- Tapping in to politics again, he is also proposing to let tariff revenue apply to the national debt, effectively reducing our tax burden.
Both, if managed properly, will provide a dual net effect on not just consumer spending power but also national prosperity.
Political obstruction along the way will be the problem to watch out for, but it will fly over voter heads in most cases.
Trump has directly floated the idea of allowing tariffs to replace personal income tax.
Probably far fetched, but if he manages to decrease tax rates with tariff revenue as an offset or even prevent raising them while paying down national debt, all three scenarios are net wins.
Two will be felt immediately, one will be a delayed gratification situation. Politically, an immediate reward of reduced taxes is probably the most wise, but it’s sort of like managing a personal credit card debt. Do you make the minimum payment to keep the account in good standing, a little extra to keep spending room available or hold a zero balance?
Obviously a zero balance is best long term, but there are so many facets at play from pork barrel bills and special interests that spending will probably never be brought to heel so replacing our direct income tax in flight, at least in part, with tariff revenue is likely the most realistic path.
So, in addition to at home manufacturing increasing wages and employment above product cost increases, our tax burden could potentially see reductions as well, leaving us all a larger chunk of those bigger paychecks, further offsetting the relatively lower rising cost of goods and it a way that won’t eventually cannibalize net consumer benefit…
And outside of manufacturing itself, rising tides raise all ships. More money flowing around a closed system is a whole new topic, especially when rating the strength of the American dollar in the world economy.
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A fun resource for anybody interested.
Keep in mind, economics in longhand is pretty accurately summarized as economic theory.
Principles are taught here, and logical thinking around application and manipulation of theory via changing input is what makes it a dynamic field of study.
What about Iran?
Pres Trump will treat them as an adversary, not a partner to give cash to.
Are sanctions and lack of funding going to make Iran scale back aggressions?
How much money will that save us?
Woohoo on the Trump choo-choo. My only message to Trump is just do it. Do everything you said you were going to do.
The real question is how did that cackling idiot manage to lose 11 million votes compared to Biden. Trump is at basically the same popular vote as 2020, where did those 11 million people go?
I look forward, for the first time in a long time, to a golden age.
But first 75% of the government needs to be fired. That is fortunately something Trump is good at.
And these leftists really need to stop filming themselves freak out. It’s too funny. It also makes me concerned for their mental health as they look very unstable.
Had it not gone my way, I would have been unhappy, but I would have dusted myself off, shut my mouth and gone about my business.
And what is it with these supposed “Higher institutions of learning” giving class days off, offering coloring books and hot coco. Are you fucking kidding me? Grow up, no wonder they have lost all credibility.
Yeah, I am rambling, happy days are here again. What I really hope is that is the final dagger in wokism. I am so sick of that shit.
Of course the corporate media is calling everybody racists and misogynists and the usual crap.
However, we can see plainly how unimportant they have become when all of them were stumping for Harris, celebrity endorsements and all and they got trounced both ways, electoral and popular vote. Yay!
Plan 1 is to promote self deportation. Stopping government handouts to illegals is a prime place to start. Especially since they took that money from FEMA. Gross.
I think so too on the big picture, but I also think I disagree with the written analysis
If I was to step into the confusion of thinking that inflation is rising prices, I would then agree that tax cuts are inflationary and that taxes are deflationary. It’s based on confusion, but from that basis, that is how the logic would seem to flow, for the reasons I shared.
The way I remember it, the hit would be shared by all in the industry, including consumers
Like you said - its basically a tax
Which can be modeled as a higher supply cost
which can be modeled as a shift in the supply curve
(I think a 10% tariff wouldn’t be modeled well to affect demand at all )
Which brings a new equilibrium price at a new intersection between supply and demand
A 10% tariff wouldn’t raise prices by 10%
You would have a new price point that is higher but not 10% higher, and decreased sales
My memory could be wrong, but this is how I remember it, let me know if something seems off
In the bigger picture, what is an economy and what is it’s purpose?
I mean, if bunches of fathers become unemployed, depressed, drug addicts, etc. because stuff can be made cheaper abroad - is that really better for the economy?
I would prefer the next generation (or each generation) to move into more and more brainiac kind of work that produces a larger marginal benefit by moving technology forward, BUT, if it costs a large segment of the populace their dignity, respect, self-respect, image, etc., the hidden and marginal costs for an entire country could be much bigger than it would seem to X, Y, Z corporations.
I am saying shipping jobs abroad for cheaper is preferable as a long term trend, but it can happen too fast, or way faster than optimal. I would rather fathers have confidence and raise strong children before being rendered economically obsolete. So this “should” be a process that puts more factors into consideration than each corporation/man for himself/itself
I know that might sound collectivist/authoritarian and there is a popular strain of economic thought that I have subscribed to that says that’s not on them, or anyone, economics is inherently amoral, etc.
Which I don’t buy anymore
But even dropping all that
What’s actually best for America as a whole is not the exact same question as what produces the most efficient trade measured in GDP, etc.
And I think we would wind up with more scientists and brainiacs pushing the envelope of technology farther with each generation by keeping whatever industries in the USA as is a match for the people in it as they age and the next generation goes to the next … “level” (in a manner of speaking)
I am not a luddite and “we” shouldn’t be hiring people to carry stuff on their backs rather than using trains etc. for transport.
A large part of the answer to the question on “what is best for a country?” includes something for everyone to contribute to bring the most dignity all around imo
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You have got to be shitting me. lol. Yeah, they constantly overspend, but tax revenue has a lot to do with it.
The government is mostly a consumer not a supplier. If they receive a trillion more or less in taxes it will very much affect the ability to consume.
In the long run there is a limit
But not year to year
In the short term they are disconnected
On a lighter note, I’m sure we all are happy with our investments. 
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I came across this meme in two places and thought it was funny, even though many of the raging 4B feminists are pretty.
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Make Mao great again?
Is it my imagination, or is the world already a calmer place?
Nah, I have to wait until The Media tells me so.
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Some of our allies are probably suffering from the same delusions our neighbors are, but I think our enemies will understand the message just sent by the American people in a way that leftists cannot.
It’s your imagination.