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I think you all missed the point. If it’s more cost effective to grow a fruit in South America. Ship it to Asia to process it and then ship it to America to sell (same for beef). There is a fundamental problem that needs to be fixed. Sure clothes, who gives a crap. But food. That should be produced “in house”.
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Nonsense. The debt is $36T and the annual deficit is $2T. You can’t extract that much money from the higher tax brackets, which already pay the majority of taxes (which are about $5T per year). You have no concept of the numbers involved. BTW, we aren’t a democracy.
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Pay and quality of life suffer where there are no UNIONS.
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Exactly
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More nonsense. You can’t collect $36T in tax “quickly”. Define “quickly”. The GDP of the entire country is $28T. When the marginal tax rate was high, nobody paid those marginal rates. The lower income classes pay little to no federal income tax. The majority of the federal income taxes are already paid by the upper 10%. Again, you have no concept of the numbers involved. You don’t have to believe what the clowns on The View tell you to believe.
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Most GM production workers make about $25 per hour. The TOP pay as negotiated in the last contract is about $40 per hour (for hourly supervisors and hourly people with special skills). $25 per hour (~$50,000 per year) is not what I would call “high middle class”. Then there are hundreds of automotive USA tier 2 suppliers. Production workers in these facilities currently earn $16 or $17 per hour. |
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Most people doing these types of jobs for 20+ years have their bodies so beaten down from repetitive tasks that there's no golf or pickleball options in their retirement, even if they could somehow afford it. Their "retirement" is basically sitting in front of a TV for the reminder of their lives. |
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Employers who do not value the employees and only want to exploit them are the reason unions came to be. |
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Young people want free money taken buy force from those who earn it.
China is not in play...It is now Vietnam (Vingroup is the next Samsung :)), Cambodia, Thailand, Indonesia, Philippines and Malaysia. Wonder why they were first to the negotiating table? |
"China owns cheap manufacturing now "
Yes, of course. But for how long. We think of the Chinese as dirt poor and having no access to internet and other worldly news. How long before they, as well as us, decide enough is enough. |
Old China isn’t new China
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They have a 1 trillion dollar trade surplus that has been stealing from the American GDP for some time. We aren’t the only country the feels this way either,. The EU, Australia and others all are being bullied by China. China has access to a lot of technology thanks to our colleges supporting Chinese students for at least 5 years. Something needs to be done. We might suffer discomfort a year or so in a full out trade war, but it’s China who would be crawling back on their knees about this time next year. |
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Go back to 2021 when we couldn't buy items needed and most important medications why do we need our medications made in other countries? The auto industry came to a stop because the US outsourced its chips there is no reason that the US should be crippled because we rely on other countries We have moved US companies to other countries because of cheap labor and taxes. Better taxes and insurance for companies can make them competitive. China has done nothing but hurts the US wake up |
How quickly everyone forgets the pandemic. When we discovered that our medications, PPE, repair parts for almost everything, and thousands of other critical items were made overseas.
We have an expansionist China threatening war, and we're dependent on them for the steel to make our ships and tanks. The computer parts of our fighter jets (and for our internet, and phones, and everything else). We have made ourselves dependent on our enemies for almost everything that is critical to maintaining our defense, our industry, our health, our communications, and almost everything else. This isn't about blue jeans and tchotchkies. This is about losing the ability to make almost anything in this country. That's not a good prescription for our economy, our defense, or our future. |
Interesting Thread. What are you going to do with the millions of Americans on “public aid”’of various types? I read recently that 40% of Americans cannot come up with $400.00 in cash. That would be 140 million plus folks. And we are the most prosperous and greatest country on the planet! The divide between the rich and poor is a GREAT divide and our “leaders” won’t “touch it with a 10 foot pole”. Fore.
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That - is a pretty stupid idea. Here's a different idea: Build a new car, and stop driving it into brick walls. We're driving our country toward a recession because we want to not use Chinese products. Okay so... Instead of making everyone in America suffer by increasing the costs of those products (which is what happens when you impose tariffs)... start making those products in America FIRST. THEN ease off on the imports. |
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US Steel is not what it once was
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US Steel produced 8.8 million metric tons of steel in 2022. Nucor Corporation (Charlotte, NC) produced 20.5 million metric tons, and Cleveland-Cliffs Inc. (Cleveland, OH) produced 16.5 million metric tons. US Steel did not start to modernize its plants until 2010. They still rely on coal blast furnaces in the Pittsburgh area. While most other US companies use electric arc furnace (EAF) that are more efficient. 79% of the steel used in the US is made in the US. The industry is undergoing a transformation, with significant investments in modernizing facilities and adopting more sustainable production methods, such as electric arc furnaces (EAFs). For instance, BlueScope's North Star steelworks in Ohio has invested over $1 billion in expanding its EAF operations, contributing to a resurgence in U.S. manufacturing. ​ |
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We import it. |
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Low Imcome No Skin in the Game
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I’m looking forward to American advances in manufacturing though. Not only will companies have a lot less shipping time on needed parts (6 weeks when shipped from China), but the country will feel a whole lot more unified. |
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