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Your reply could be summarized as “I disagree. Go back and read ‘things’. It’ll tell you you’re wrong”.
Sort of agreed. All policies I always hear/see cited on the topic alwaus contain a regressive element. They are at best regressive+ or progressive- type policies.
> Tariffs are regressive.
That’s not true. Tariffs are only truly regressive if your country doesn’t produce anything at all like Somalia or Yemen. I.e your people will die without imports. No American would die from tariffs. If the US were to go Japan 1900s and block all imports, precisely 0 Americans would die. Your “standard of living” would obviously decline. As a leftist, your entire standard of living is based on exploiting the difference in living conditions between you and random people in a random village in China.
Sales taxes are considered progressive because they usually don’t apply to “necessities” like food and shelter. In other countries they are called “luxury” tax. “You’re not taxed on onions and tomatoes. But those other people are taxed on lip sticks and shampoo”.
Looking at the type of products imported from China these days, enacting taxes on them is all progressive
If not economically progressive, it certainly is environmentally.
It’s been amazing talking to a lot of “new” 20-30 year old “democrats” or “leftists” who have no idea what being a leftist means. They honestly believe that being a leftist is basically being anti Bush and anti Trump. Once you’re that, welcome to the left.
Since then, to say China has ”caught up” with the US at peak time in the 50s-60s would be an understatement. On the contrary today US manufacturing is a nostalgic pipe dream only - not just due to labor prices but lack of institutional knowledge and experience relevant in a completely different global economy.
Another threat seems to be the financialization of the few remaining companies that are left like GE and Boeing. Even when there are giant advantages from high barrier of entry, the pressure from quarterly numbers on a graph squeezes and dilutes engineering excellence to McKinsey style accounting tricks that ultimately eats itself from the inside.
Another way of putting it is that you can’t fiscal policy yourself to the finish line – the incentives and preconditions need to be right too. The current elite (especially tech) is backed by finance and won’t even consider giving up the smallest of privileges, and as long as you need them to win elections, I don’t see it moving in the direction of less finance and more real & competitive goods and services.
CA alone manufactures more things than most countries.
Libertarians believe(d) in open borders and that there should be no such thing as a human being illegal.
https://en.wikipedia.org/wiki/Immigration_Reform_and_Control...
But you're right. After all, Trump turned his casinos around, and he'll turn this situation around eventually too.
In terms of economics, he clearly has no fucking clue what the fuck to do. It’s very self evident whenever a reporter asks him an economic question. His entire economic policy is driven by shadowy individuals who I and you don’t know, but they have the right economical credentials to convince Trump to do what he’s doing. If Trump were a leftists he would’ve been too concerned if his economical advisor ever posted on an online forum in 1999 that “Islam is morally corrupt religion” or if “genders are clearly self evident”
If he meant his campaign promises, then he's very clearly incompetent. If he didn't mean them then he's a demagogue.
Either way, he's simply doing what he IS competent at doing: destroying other people's capital and skipping out on the bill.
The sudden opposition with the stock market daily valuation by leftist is mostly new to me though. For 4 years between 2016-2021 every leftist I ever met complained about how age and dementia is a hard line for them (I live in Seattle so that’s like 7-times-a-day type interaction)
Then for 2021-2025 no one ever addresses how Biden (the oldest president in US history) couldn’t comprehend what room he was in.
Anyway, Trump promised a lot of things. He promised to use his business acumen to help the country, but now the stock market is tanking. It's weird because he's been bankrupt six or seven times by now, but he still says he is going to lead America into a golden age of prosperity.
The tariffs don't seem to be helping either. The ways things are right now, it seems likely that Trump is the epitome of Dunning-Kruger, or a criminal, or a demagogue.
Has he even done anything about prices at all? It would legit seriously help a lot of Americans if he would. I don't know. He talked about it a lot, but maybe it's not going to happen.
Whenever a democratic policy or action affects the stock market, then “it’s a pain we should, nay must, endure for the betterment of our society and country. The stock market will correct itself. There are billions of poor gay immigrant trans Americans families with student loans that are struggling. Once a new generation grows up under this policy, the stock market will rebound. You should be DCA`ing and only investing what you can lose anyway and THE STOCK MARKET ISNT THE ECONOMY”
When a republican policy or action affects the stock market it’s “wHaT aBoUt the sToCk mArRkaT. It dIppeD lAsT wEek. THE STOCK MARKET IS THE ECONOMY”
Besides all that, Trump is president right now and the Republicans control the government. While being in control right now, Republicans are presiding over the loss of trillions of dollars of wealth, despite claiming the be the party of fiscal responsibility. I think that's turned out to be something of a lie. Trump says he is a financial wizard, and that doesn't seem to help. Trump says he will build America into a golden age and lower prices on day 1.
Nothing like this is happening. It just doesn't add up.
This is true proof you live in Seattle, as I.