- Joined
- Apr 28, 2014
- Messages
- 22,258
Just some basic ideas simplified:
- Increased National Security. EU is kinda going off the handle with their politics. Becoming more and more misaligned with us. Extreme anti-free speech, and just some overall dumb *** decision making going on. Their biggest threat is Russia, yet they spend more buying Russian Oil (and literally protecting the Russian economy in the process) than they do on Ukraine. Russia has fully shifted to a wartime economy and is just as well off now as like a month into the war. Meanwhile the Middle East is a complete **** show with Israel and Iran. China is our biggest threat and we believe they will likely go to war with Taiwan sooner than later, meanwhile we are entirely reliant on them for our Chips. Also China has completely taken over manufacturing and invests FAR more and more strategically with a long-term focus than us. Unfortunately these tariffs are far too late to have saved American industry from Chinese outsourcing. However they also seem to be too soon before we can really capitalize on AI and Robots to significantly give us manufacturing advantages... But perhaps not... I'd just say the main thing that I am not the biggest fan of with the tariffs is honestly that we should be trying to have much better relations with Canada, Mexico, and begin building up Latin America far more. But also Idc what people say there were definitely some trade imbalances previously. What the MAGA side is completely missing is that the US exports SERVICES rather than goods, and services are FAR MORE profitable. So any country that increases tariffs on our services is doing far more damage to us in retaliation basically when viewed as a net revenue lens. One thing is absolutely clear we need to significantly invest in domestic Mineral Refining, Energy Prodcution, Chip Manufacturing, Battery Cell manufacturing, etc. Like ASAP. Those are all absolute critical National Security interests for us.
- Increased Domestic production. Unfortunately given the tariffs don't have like a ramp up (which makes no sense), it's basically impossible for domestic production to actually respond quick enough. But ultimately there is no way tariffs like these don't promote more domestic manufacturing. The problem is some **** just shouldn't at all matter - like manufacturing shirts. Who gives a **** about that. But like Chips and Battery Cells? Yeah that should have tariffs...
- Go with Tariffs (basically a consumption tax) and Reduce/Remove Federal Income tax. US is a Consumer market. Doing this incentivizes more income generation because people aren't taxed on it as much now. This means more/harder working employees who see a tangible difference in big lump sums every pay period while the consumption tax is a small difference in each transaction that doesn't "Feel" as big. And using our Consumption Market as the revenue driver makes sense, especially as a means to shift priorities on who/what we import. Ideally Trump ONLY cuts taxes for people <$300K or something. No Millionaires should be getting tax breaks if he wants to push for tariffs which as a consumption tax affect poor people FAR MORE.
- It is just a fact that we need to refinance what like $7T soon? Bessent wants the 10y get increased demand to save money. Look at the trend since tariffs have been getting put in place. This is kinda the desired outcome.Long term treasuries are critical. How often does like Bessent have to say that they will be looking at main street as their indicator, and not the stock market and the Mag7 in particular?
- This all works in tandem with DOGE cuts. DOGE must cut $1T. Bessent must Raise $1T. Then from there whether we get income tax cuts and replace them with tariffs imo is not that big of a deal, and potentially long term in our interest tbh. The way they are going about implementing the tariffs just seems ******* retarded. The Gold Card for $5M is interesting. Wouldn't be surprised for it to raise like $250-500B within a couple years (selling 50k-100k of them)
- Increased National Security. EU is kinda going off the handle with their politics. Becoming more and more misaligned with us. Extreme anti-free speech, and just some overall dumb *** decision making going on. Their biggest threat is Russia, yet they spend more buying Russian Oil (and literally protecting the Russian economy in the process) than they do on Ukraine. Russia has fully shifted to a wartime economy and is just as well off now as like a month into the war. Meanwhile the Middle East is a complete **** show with Israel and Iran. China is our biggest threat and we believe they will likely go to war with Taiwan sooner than later, meanwhile we are entirely reliant on them for our Chips. Also China has completely taken over manufacturing and invests FAR more and more strategically with a long-term focus than us. Unfortunately these tariffs are far too late to have saved American industry from Chinese outsourcing. However they also seem to be too soon before we can really capitalize on AI and Robots to significantly give us manufacturing advantages... But perhaps not... I'd just say the main thing that I am not the biggest fan of with the tariffs is honestly that we should be trying to have much better relations with Canada, Mexico, and begin building up Latin America far more. But also Idc what people say there were definitely some trade imbalances previously. What the MAGA side is completely missing is that the US exports SERVICES rather than goods, and services are FAR MORE profitable. So any country that increases tariffs on our services is doing far more damage to us in retaliation basically when viewed as a net revenue lens. One thing is absolutely clear we need to significantly invest in domestic Mineral Refining, Energy Prodcution, Chip Manufacturing, Battery Cell manufacturing, etc. Like ASAP. Those are all absolute critical National Security interests for us.
- Increased Domestic production. Unfortunately given the tariffs don't have like a ramp up (which makes no sense), it's basically impossible for domestic production to actually respond quick enough. But ultimately there is no way tariffs like these don't promote more domestic manufacturing. The problem is some **** just shouldn't at all matter - like manufacturing shirts. Who gives a **** about that. But like Chips and Battery Cells? Yeah that should have tariffs...
- Go with Tariffs (basically a consumption tax) and Reduce/Remove Federal Income tax. US is a Consumer market. Doing this incentivizes more income generation because people aren't taxed on it as much now. This means more/harder working employees who see a tangible difference in big lump sums every pay period while the consumption tax is a small difference in each transaction that doesn't "Feel" as big. And using our Consumption Market as the revenue driver makes sense, especially as a means to shift priorities on who/what we import. Ideally Trump ONLY cuts taxes for people <$300K or something. No Millionaires should be getting tax breaks if he wants to push for tariffs which as a consumption tax affect poor people FAR MORE.
- It is just a fact that we need to refinance what like $7T soon? Bessent wants the 10y get increased demand to save money. Look at the trend since tariffs have been getting put in place. This is kinda the desired outcome.Long term treasuries are critical. How often does like Bessent have to say that they will be looking at main street as their indicator, and not the stock market and the Mag7 in particular?
- This all works in tandem with DOGE cuts. DOGE must cut $1T. Bessent must Raise $1T. Then from there whether we get income tax cuts and replace them with tariffs imo is not that big of a deal, and potentially long term in our interest tbh. The way they are going about implementing the tariffs just seems ******* retarded. The Gold Card for $5M is interesting. Wouldn't be surprised for it to raise like $250-500B within a couple years (selling 50k-100k of them)
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