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346 points Kye | 6 comments | | HN request time: 0.001s | source | bottom
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favflam ◴[] No.45016762[source]
This situation feels dumb. I feel like I am watching idiots cheer on someone doing parkor and that person getting his teeth smashed on a wall. Like, what is the point?
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monero-xmr ◴[] No.45016851[source]
I don’t see why we should allow 0% imports but be shut out of exports. Yes yes according to some chart this is actually a good thing but I find it unfair.

For centuries the theory was mercantilism which is the highest imbalance of trade in your favor is good.

The last century was Keynesian “deficits don’t matter” where taken to its conclusion, the worst possible imbalance is good, because that means they have to reinvest their dollars which supports the US, blah blah.

I’m open to the experiment where targeting a balanced trade with all countries as the goal. Using tariffs where imbalances exist, especially when countries arbitrarily lock your goods out of their markets, is a tool for fixing this.

One reason the US is so fucked up for the lower and middle classes is our global reserve currency and how it provides increasing pressure on the dollar and slowly deindustrializes our society. This has been pushing us towards ever more radical politics

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actionfromafar ◴[] No.45017044[source]
Another reason is the weird fetish for pumping the spoils of the strong dollar into medical middlemen and tax cuts for billionaires.
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1. monero-xmr ◴[] No.45017095[source]
I see an argument for tax cuts everywhere. Taxes are literally brakes on financial transactions. The number 1 way to slow down your economy is to tax every transaction possible as highly as possible. It is an interesting thought experiment to eliminate income and sales taxes, and try to only finance the government via tariffs.

How we redirect money to the medical system is so completely insane it must be the #1 place politicians get their graft from. It’s just so insane

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2. fzeroracer ◴[] No.45017139[source]
> I see an argument for tax cuts everywhere. Taxes are literally brakes on financial transactions. The number 1 way to slow down your economy is to tax every transaction possible as highly as possible. It is an interesting thought experiment to eliminate income and sales taxes, and try to only finance the government via tariffs.

Then you don't actually see an argument for tax cuts everywhere. What you want is a tax that you agree with, that disproportionately affects people you don't care about.

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3. monero-xmr ◴[] No.45017163[source]
My preferred way would also to be to eliminate expenditures, but failing that, redirecting taxes in a way that grows the US internal economy as much as possible, and incentives the re-industrialization simultaneously, is an interesting experiment.
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4. GuinansEyebrows ◴[] No.45017263{3}[source]
Eliminating US government expenditures would obliterate the entire economy overnight.
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5. monero-xmr ◴[] No.45017371{4}[source]
I would not literally eliminate expenditures but as we cut the total taxation we similarly reduce spending 1 for 1
6. selectodude ◴[] No.45018107{3}[source]
Everybody wants to reindustrialize yet I don’t see a lot of people signing up to work in a factory. Why don’t you go be the change you seek?