One of the most successful stock market players in history explains why tariffs are neededhttps://www.youtube.com/watch?v=7kM0yl8W0gQ
>>60137496From 1995 until now, the gap in income between the average American and the average Chinese has increased from US$43.680 to US$52.237. In addition, the muh jobs thing is a nothingburger, unemployment in the US is persistently very low outside of recessions. Also, Pelosi isn't a "successful stock market player" herself, she's just married to an investment banker.
>>60137496Have you considered that even if this was true at the time, things have changed over the course of literally 20 years?
>>60137528>the gap in income between the average American and the average Chinese has increasedRight.All the more reason to enact tariffs>>60137534>things changedThey sure did, everything got way worse.The trade deficit is now 10x, and the transfer of production and intellectual property from the US to China has only accellerated.
>w-what about pelosi from decades ago?!!man the desperation is palpable. you guys fucked up lmao. it's not too late to backtrack. are you really gonna just drive the ship into the dirt out of stubbornness?
>>60137528>using absolute values and not ratiosHave you heard about inflation, retard?
>>60137496Trump was actually a Democrat at the time. His most impressive achievement has actually been to make Republicans believe that he is one of them, and by some magic almost all Republicans are now against free trade. This is truly fabulous.https://www.youtube.com/watch?v=LeZdMCTIckQ
>>60137560kek her points back then were proven right; it was bad back then and it got WAY worse>>60137568lmao it's the democrats that flip flopped.Yes Trump was a Democrat back then, and democrats in general were favorable to tariffs.Today Democrats flip flopped and they're all against tariffs.
>>60137585>lmao it's the democrats that flip flopped.And republicans. Neo-Liberalism was actually a right wing thing until recently.https://www.youtube.com/watch?v=5t5QK03KXPc
>magas are 90s democrats nowthat explains why you wanted a sex criminal as the presidentenjoy your niggeraids
>>60137534would you say that the economy was doing comparatively better under biden than under clinton?
>>60137617>>60137600lmao is this a legit fucking Kamalasisters raid?Are you faggots getting some USAID leftovers or something?Trump was ALWAYS in favor of these tariffs: https://www.youtube.com/watch?v=PGtK_rdnI6A&pp=ygUYdHJ1bXAgb3ByYWggMTk4OCB0YXJpZmZzMagas didn't flipflop, the Democrats did.
>>60137643You really are a MAGA lol, you seem very low IQ, you can't even read.I didn't say that Trump has changed his mind, he was always a low IQ moron, I said that republicans all gave up what they were defending before entering the MAGA cult, ie low taxes and free trade.
>>60137664"Republicans" like Bush, McCain, Romney, McConnell? aka Trump's sworn enemies?
>>60137545>All the more reason to enact tariffsYou think Americans should slow down their income growth?>>60137564I'm using values in constant dollars adjusted for purchasing power, inflation is accounted for.
It's a trade deficit tax.
>>60137528read kicking down the ladder by ha joon chang.also buy monero
>>60137723>You think Americans should slow down their income growth?You just implied trade deficit causes income growth lmao
>>60137496Everyone against them is just a yiddish shill or not american. Neither of those things matter.
>>60137744The cunt thinks he'll make a number look smaller, and complain because he can't give away more jobs to H1Bs.
>>60137747Wait, I thought wealth redistribution was evil? Why are you cheering for it now?
>>60137496i thought MIGA hated George Soros?Now they're sucking the dick of one of his traineesULTIMATE COPEHumiliation ritual incoming from orange
>>60137766> yiddish shill or not americanNot giving you or your country any money.
>>60137744If the population of another country loves me so much that they're willing to pay higher taxes to subsidize their products so that I can buy them for cheap, I should thank them and actually eliminate all trade barriers for their products so that I can maximally exploit their suicidal tendencies. More cheap goods = more money left in my bank account that I can invest elsewhere and, as such, improve the economy of both my own country and the world.You are arguing that the US should be more like China despite the fact that their policies have caused the gap in income between Americans and chinks to increase over time.
>>60137723By percentage, how much higher is the American income compared to how much it was 30 years ago?By percentage, how much higher is the Chinese income compared to how much it was 30 years ago?
>>60137772>gap in income between Americans and chinks to increase over timeYou're forgetting about the working class in the US. Inequality and purchasing power for the working class has been absolutely tanking these past decades.In large part because so much manufacturing has been getting outsourced these past decades.
>>60137798>By percentageAh yes because if I go from making $1 to making $2 while you go from making $100 to making $150 I'm clearly winning since my earnings grew by 100% and yours merely $50.>>60137807>Inequality and purchasing power for the working class has been absolutely tanking these past decades.No, it flatly hasn't, in fact the median American's income (not average, median) shits on every nation in the OECD except for Luxembourg.
>>60137807You're forgetting since Covid of all workers hired only 6% of been white males. All new jobs are going to H1Bs and illegals. There is no purchasing power there is only a welfare state.
>>60137772It's incredible that there are retards, on the Business & Finance board, that don't realize this. The sad fact is the red districts are so retarded they can't adapt and become entrepeneurs, and are demanding their slave labor factory jobs back.
>>60137496If there was any truth to this video, you wouldn't have to do jump cuts and splicing. Kill yourself.
>>60137829>$1 to making $2Now use real numbers
>>60137926He just showed you that Americans have gotten richer, not poorer over time. There are less low income Americans now than ever, but you middle class faggots love to live like a rich man through credit and LARP as working class by buying a truck and pretending you're not a fucking accountant.
>>60137926I did, see >>60137528 the gap increased by over 8500 dollars. Would you rather have copied China's policies and have average incomes across the US drop by 8.5k?
>>60137945>Americans have gotten richerCorrect, and Chinese have gotten even richer, retard. His first post was claiming that the gap has expanded when it's the opposite.>There are less low *blah blah braindead subhuman fantasy*Why don't you go to facebook, stupid faggot, you don't know anything about me. Check my name field.>>60137958They didn't go from $1 to $2, retard.
Do Americans actually believe they're poor? Do you know what the average income is in the EU, not Asia or the third world, other western nations?You faggots have the highest PPP adjusted income in the world for a large economy. What the fuck are you so upset about
>>60137834All these worthless make-work jobs are primarily for women so they can earn their own money, more than a lot of men, with the credentials of worthless ideology degrees. Therefore they're no longer interested in getting married (many only want to marry those substantially richer than themselves).Literally destroying TFR for utterly no benefit whatsoever to anyone. Being alone demonstrably doesn't even make them happy.Productivity is beneficial to everyone, worthless DEI and grievance jobs just reduce quality of life. If they destroyed TFR by actually being useful, I wouldn't mind.Then we have to import more welfare third worlders to "protect the population growth rate".
>>60138002>wage instead of incomeLmao>They didn't go from $1 to $2Irrelevant, incomes grew more in the US than in China and that's all that matters. Socialism doesn't work.
>>60137534The only thing that's different is democrats have abandoned unions in addition to everyone with sense
>>60138002>Correct, and Chinese have gotten even richer,Incorrect. The average Chinese makes less than the average American. How do you measure richer? >Why don't you go to facebook, stupid faggot, you don't know anything about me. Check my name field.I didn't mention you, but I have clearly hit the target, you stupid, sensitive, limp-dick, accountant faggot.
>>60138038How does this disprove the problem of "The Bread winner in most house holds is without a job"? DEI and H1Bs have destroyed the economy already. There is no saving, there is no spending.
>>60137534>things have changed over the course of literally 20 yearsTrue, the deficit is now 200 billion, not 34 billion.
>>60138058>How does this disprove the problem of "The Bread winner in most house holds is without a job"?That's not a fucking issue in the US, anon.
>>60138109Absolutely is.Layoffs were at an all time high in covid. Of all jobs created since then only 6% have gone to white males. As white males make up the vast majority of household income. It is a huge deal.
>>60138122>Of all jobs created since then only 6% have gone to white malesFuckin source on that?
>>60138126Go back faggot.
>>60138122Unemployment is at 4%, and even lower for skilled jobs. If you can't get a job, it's unironically your fault.
>>60137496>stock market playerslisten kid. Stop paper trading like a loser, just tell your parents that you want to invest your money in their brokerage account and then come back over here
>>60138160> made up numbers say things are good.https://www.bloomberg.com/graphics/2023-black-lives-matter-equal-opportunity-corporate-diversity/Gaslight harder yid.
>>60138122>Layoffs were at an all time high in covid.Unemployment is currently at 4.2% and the last time it was higher than that was in Q3 2021.
>>60138122>Of all jobs creatednot all the jobs you tremendous faggot, only 6% of fortune-100 tracked public firms that publish hiring data
>>60138173Keep gaslighting.> NO IT'S JUST OF ALL THE GOOD PAYING JOBS.every single time...
>>60138167>>60138179Embarrassing levels of cope. Go back to /pol/
>>60138182seethe harder.
>>60137829Now compare the price of literally everything in "constant dollars".Home prices fucking doubled since the early 70s.Also, this isn't at all about how much Chinese workers benefit; they're living under a quasi-communist regime where only the elites are allowed to make money.Stop baiting this red herring.>>60137834>There is no purchasing power there is only a welfare state.That's what I'm saying.>>60137915lmao this cope
>>60138167I'm sorry niggers trigger you, anon, but you're literally retarded and a failure. You should probably kill yourself.
>>60138055>The average Chinese makes less than the average AmericanI didn't say they got richer than Americans, I said they improved their wealth by relatively more than Americans did. https://www.forbes.com/sites/miltonezrati/2023/01/30/the-east-west-wage-gap-not-nearly-as-compelling-as-it-once-was/>I didn't mention youNo, you didn't hit even close, and I don't know why you were replying to me with your stupid fantasy. It's even worse if you're just publicly masturbating.
>>60137496She was wrong then, and Trump is wrong now. Simple as. Not everyone is a votecuck tribalist like you, OP.
>>60138190
You can be for tariffs and against retarded tariffs.
>>60138192>I didn't say they got richer than Americans, I said they improved their wealth by relatively more than Americans didSo Anon's analogy about going from $1 to $2 was correct, then? >No, you didn't hit even close, and I don't know why you were replying to me with your stupid fantasy. It's even worse if you're just publicly masturbating.Lol, truck accountant is mad.
>>60138192Dude is just a yiddish shill, there is no reason to debate them. There was a german artist that wrote a whole book about it.
>>60138197I didn't watch the video, but China needs to be massively tariffed. It's ridiculous how the world just allowed them to effectively ban foreign businesses from operating there without giving up all their technology and research and partnering with a Chinese company for a tiny share of the profits in addition to massive espionage. No other country in the world does that. That's at least equal to 100% tariffs.
>>60138189>Now compare the price of literally everything in "constant dollars".That is literally how I compared it with US vs China incomes.>Home prices fucking doubled since the early 70s.Completely irrelevant to the point, the shitty housing market in the US is caused by bad local policy artificially restricting supply. Want cheaper houses? Copy Minneapolis.
>>60138203You don't seem to get it. Those delusional fantasies people always make up are extremely cringy.
Nancy was a milf. I'd hit. That's what I learned from this video. Thanks OP.
>>60138245Stay mad, accountant.
>>60138383Same
What if maybe, just maybe, there is a difference between carefully targeted tariffs and just blindly putting 10-45% tariffs on everything in every country
>>60137807The most straightforward solution to this problem is UBI/national dividend and strategic national works projects to build out productive infrastructure. The sudden panic over needing massive domestic production of ball bearings and sneakers sounds like war preparations.
>>60137679>old fossils who became irrelevant and pushed out of the partyYou're only proving him right. The GOP at large changed their stance to pure Trumpism.
>>60138520That's an incredibly simplistic take, sufficiently simplistic as to be almost completely wrong.Trump's whole MAGA schtick is basically what Ross Perot was pushing in the 1992 election. Trump briefly ran for President in 2000 as a 3rd party candidate on the Perot platform (in case you were wondering why the Simpsons had a scene with him as President). Large chunks of the GOP and Democrats were already there waiting for two decades before Trump threw his hat in the ring for the GOP candidacy. Trump split the GOP into trumpers and never-trumpers, but he also split the Democrats into trumpers and never-trumpers, the democrat fracture wasn't as publicised but was nonetheless quite real. The current GOP is the result of a hostile takeover by Trump, made up of chunks of both the old GOP and Democrat parties, remade along the lines of the old Ross Perot platform.
>>60137528All that matters is that there should never be a time in world history where the Chinese are dominant without being a conquered power. If we have to crash and burn the entire world economy to make sure that bug people aren't the forefront at representing humanity, then that's what we should do, unironically. Same deal with the browns, really. There should never be an age where white europeans or their diaspora aren't the world leaders.
>>60139297That is a long explanation but it doesn't change reality. The reality that Trump is extremely popular among the GOP base, he has virtually no opposition among GOP politicians. The ones who opposed him? Bush, irrelevant, Romney, irrrelevant, McCain, dead, McConnel, irrelevant. You can call it a hostile takeover if you want, but the GOP voters are quite happy with their new dear leader, and the GOP congressmen also seem quite happy as they will never voice opposition publicly (and even if they do privately, won't publicly vote against him, it's irrelevant). The GOP at large seem quite content with this "hostile takeover".
>>60138221>completely irrelevant to the pointkek what good is a 20% increase in wages when everything important goes up 100%?>>60138520The GOP tried to stop Trump every single chance they got. Literally ALL major pre-Trump GOP figures hate Trump's guts to this day.Trump pretty much hijacked that party and put in place a whole new hierarchy.
>>60137747why do shills keep posting this image...the more i see it the more forced it looks. it doesnt even make sense either
>>60139396GOP politicians tried to stop Trump, and only a minority of them. GOP voters almost completely embraced Trump whole-heartedly.
>>60139378>The reality that Trump is extremely popular among the GOP baseHe is extremely popular among what is *now* the GOP base. He was extremely divisive among what used to be the GOP base, to the point where much of that base is now part of the Democrat base.He is also extremely popular among what used to be the Democrat base, that is now part of the new GOP base.Don't get confused by "Republican" and "Democrat", those are just names, the actual people making up those parties are not fixed in place but switch around over time. Large chunks of the Democrat base switched to the Republican party, and large chunks of the Republican base switched to the Democrat party. Only the names continued, after the realignment the parties themselves were very different than they had been. Trump didn't "convince" the GOP of anything, he dynamited both parties and created a new party out of the fragments of both and re-used the "Republican" name for the brand recognition (having learned that lesson during his short 3rd party run in 2000).>>60139431Nope, lots of former republicans switched to the democrat party. But lots of former democrats also switched to the trump party. There has been a really historic political party realignment in the last decade, I really don't know how you managed to miss it.
>>60139444>to the point where much of that base is now part of the Democrat base.>that is now part of the new GOP base.You need to quantify how much of each parties switched sides because I do not see this as generally being true. The current conservative side still socially conservative, is still the side of religious conservatism, has a massive hatred against anything labeled socialism, still pro tax cuts, are anti-union, and wants to slash welfare programs. The Democrat side is still pro minorities, pro lgbt, wants expansion of social programs, more pro-union, and wants to tax the rich. These characteristics haven't really changed.>but their tariff policies changedThe average votercattle is so dumb they don't know who even pays for tariffs, it is extremely easy to make them change their mind about this.
>>60139492>Don't know who even pays for tariffsPeople with money. The part that people like you are ignoring is that the majority of the people on this planet are fucking poors. We're not paying for tariffs because we were already strung out on cheap credit and debt anyway, you can't squeeze money out of people who don't have any, won't have any, and aren't going to have any reasonable path to earn some ever again.People are pro-tariffs because it fucks over everyone who benefitted from our gay and brown system without doing much of anything to the poors except increasing the amount of bitching they have to listen to on the internet.
>>60139549>it fucks over everyone who benefitted from our gay and brown systemYou think millionaires will cry about having to pay $10 for something that used to cost $5 when they do grocery shopping? > We're not paying for tariffsAbsolutely delusional, all those items at the supermarket will now be more expensive. Congrats to those poors, they just fucked themselves harder than they were before.
>>60139444The people don't switch parties trump just motivated a lot of retards while the Democrats ran women which motivated noone.
>>60139587Who cares? The world is gay and brown and full of uppity women and bitchy politics. If it all burned to the ground tomorrow we would objectively be better off than we are today. It also doesn't matter that goods are going up, because they already were without the tariffs, or that taxes are going up, because they already were without the tariffs, or that life is getting worse every year, because that was already happening without the tariffs.Functionally it has changed absolutely nothing except to make people with money and assets seethe with eternal butthurt and that's a net good for the rest of humanity, which outnumbers them by a factor of twenty. If you wanted people to have a stake in protecting your rights and assets with their voting habits you should have voted in a system that gatekept wealth less so that the majority was the middle class and not fucking poors.
>incel menty b
>>60139605>people with money and assets seethe with eternal butthurtI'm sitting here with over $150,000 wondering how to buy the dip.This is not a brag, there's lots of people with much more saved up. This is to illustrate what you don't get: people with assets, by definition, always have more resources to take advantage of opportunities caused by even bad situations, than people who don't. People with money will find ways to survive or even thrive from this. Buttmad poors will always get fucked. I'm not here to seethe, I'm only confused why there are so many poorfags who don't understand that this is how things always worked.But I guess if they weren't so stupid, they wouldn't be both poor and angry.
>>60139659The operative issue is that people like you are not the majority and we live in a globalist system full of Republics and Democracies where number of people is what dictates, not sound financial decisions or company ownership. If you reach a critical mass where your interests represent such a tiny minority of people alive, you'll simply be voted out by the first populist movement to come along, like this one, and then your money and assets will eventually be confiscated or rugpulled by those populists.Again, if you wanted the system to represent your interests, you should have voted in a system where the majority was middle class. But you didn't, people voted for the rugpull cantidate, and here we are.Enjoy the global market crash and WW3, I know I will.
>>60139684>you should have votedI lived in red states in 2024, my vote would've literally meant nothing.> you should have voted in a system where the majority was middle class.You realized that the mega rich has wormed themselves into both parties, and both parties listen to the rich more than they listen to the masses?> I know I will.You sound like you never lived through actual hardship, or even talked with someone who has. In any case, the poors will still get fucked harder than the rich in those scenarios.
>>60139492>I do not see this as generally being trueThat can only be because you never looked. There was lots of chatter after the last 3 elections because the exit polls were showing a huge realignment in the political parties. Lots of latinos and white zoomer males switched to the GOP, single women switched to the democrats. A large swathe of Gen X that had been voting Democrat since Clinton switched to the GOP. I'm in Texas, and border areas that voted 90%+ democrat longer than living memory wound up voting 60%+ for trump and have been electing republican representatives to the state legislature and US Congress for the last 6-8 years.
>>60139602>The people don't switch partiesExit polls show that they do, and did - in massive numbers.>inb4 muh exit pollsunless you have a better source. protip: "it came to me in a dream" isn't a better source, no matter how vivid your dream.
>>60137528>unemployment in the US is persistently very low outside of recessionsWhat's with the constant job market gaslighting. Doordash is not a fucking career. Every middle-class job, save for healthcare, is suffering from outsourcing and visas.
>>60139659Same here, I'm anticipating going on a buying spree next week as the larger market capitulates and flees to treasuries. I'm planning on letting it drop another 10% or before I start serious shopping; for all the wailing and gnashing of teeth around here the DJIA is only down 14% off its ATH, which isn't really that much compared to '87, '00, and '08.
>>60139754Okay, that is a strong argument that the traditional democrat base has lost a lot of people to the GOP. We'll see if how persistent that is, because I suspect a lot of them will switch back if the economy keeps dumping.Now what about the democrats? Who have they gained?
>>60139431>GOP voters almost completely embraced Trump whole-heartedly.GOP voters always wanted what Trump offered. Starting with a stop to mass immigration and a stop to the export of jobs abroad.
>>60139915This. People conflate the leadership of the party, which is pushing immigration to depress wages so that their personal businesses and investments profit from it, with the actual voter base, who wanted protectionism for their prices, their jobs/salaries, and their way of life. That means no browns, no offshoring and no pandering to the rich.The two are diametrically opposed, and the only difference between Trump and the usual cantidates is that he represents the voters and not the leadership.
>>60139827Single women. College educated males, esp of the diverse sort. The GOP voter base is now surprisingly similar to the pre-Reagan democrat voter base (minus the blacks but with lots more latinos) - and vice versa.
>>60139827>if the economy keeps dumpingThe stock market is not the economy - at least not short term. The two are correlated, but they are not the same thing.
>>60140026Women were voting for the liberal side more than men since Reagan vs Carter though. I haven't seen any statistics on single women but it would be wild if they voted more conservative than married women at any point in time.
