1) TARIFFS (IN EFFECT) ARE CONSUMPTION TAXES. Given that President Trump has simultaneously advocated using tariffs to get rid of the Progressive / Woodrow Wilson income tax is a wonderful "trade" for middle-class Americans. In part because job opportunities will significantly increase - here - instead of in China.
Also, since "the rich" consume more and have an affinity for high cost / luxury goods, the tariffs are also "progressive."
2) The outsourcing of American manufacturing (and so American jobs) to China has allowed "U.S." corporations to arbitrage the near-slave labor in China vs. "western" retail prices for goods. Americans, in response (in order to maintain something resembling a middle class lifestyle) have gone into massive debt.
THIS OUTSOURCING / LABOR-COST ARBITRAGE IS IDENTICAL IN KIND TO VULTURE CAPITALISTS, WHO ASSET STRIP BUSINESSES, AND THEN DRIVE THEM INTO BANKRUPTCY (AS THE VULTURE FLY AWAY, SEEKING THEIR NEXT VICTIM) - ALBEIT HERE WITH OUR NATION BEING ASSET-STRIPPED.
That can only go on for so long. The Globalists recognize that the arbitrage game is about played-out.
So, after this stripping, the WEF and its "Great Reset" is designed to "fundamentally transform" the western economies to the China model ... near slave labor owing nothing by 2030.
President Trump recognizes that this country is on the precipice. Do enough of the rest of us?
Thank you Hans and Jeff. As always, beautifully done. I'd add here that, in my opinion, the entire mess that you describe was done by design. The US needs to be completely ruined in order for the Global Cabal to take over. Hopefully, we've snatched victory out of the jaws of defeat (ie, doom). We're not out of the woods yet.
1) TARIFFS (IN EFFECT) ARE CONSUMPTION TAXES. Given that President Trump has simultaneously advocated using tariffs to get rid of the Progressive / Woodrow Wilson income tax is a wonderful "trade" for middle-class Americans. In part because job opportunities will significantly increase - here - instead of in China.
Also, since "the rich" consume more and have an affinity for high cost / luxury goods, the tariffs are also "progressive."
2) The outsourcing of American manufacturing (and so American jobs) to China has allowed "U.S." corporations to arbitrage the near-slave labor in China vs. "western" retail prices for goods. Americans, in response (in order to maintain something resembling a middle class lifestyle) have gone into massive debt.
THIS OUTSOURCING / LABOR-COST ARBITRAGE IS IDENTICAL IN KIND TO VULTURE CAPITALISTS, WHO ASSET STRIP BUSINESSES, AND THEN DRIVE THEM INTO BANKRUPTCY (AS THE VULTURE FLY AWAY, SEEKING THEIR NEXT VICTIM) - ALBEIT HERE WITH OUR NATION BEING ASSET-STRIPPED.
That can only go on for so long. The Globalists recognize that the arbitrage game is about played-out.
So, after this stripping, the WEF and its "Great Reset" is designed to "fundamentally transform" the western economies to the China model ... near slave labor owing nothing by 2030.
President Trump recognizes that this country is on the precipice. Do enough of the rest of us?
Trenchant, probative, succinct and terrifyingly true.
Can Rocky get up off the mat one more time?
Thank you Hans and Jeff. As always, beautifully done. I'd add here that, in my opinion, the entire mess that you describe was done by design. The US needs to be completely ruined in order for the Global Cabal to take over. Hopefully, we've snatched victory out of the jaws of defeat (ie, doom). We're not out of the woods yet.