You have to remember that the $1trillion is printed money, created in the ledgers of the Treasury. So we technically get other peoples wealth in exchange for a piece of green paper.
But our manufacturers pay it, even when they export. So the different funding methods provide a disincentive to manufacture here.
It's not location of final assembly that matters but where all the individual parts were also made. For example the engines/transmissions for BMW's assembled in Greer-SC are made outside the US.
To compete in a globalized world yes we do.
Years ago I'm talking 15 , business channel had the jeep boss on , commentator asked him how they set the pricing on the Jeeps. Boss looked at the commentator and said as much as the public will pay . Not much to do about the cost of building the vehicle just the maximum the public will pay .
There not direct, based on each good. But all the things you guys fund with a VAT, we fund with internal taxes that importers generally do not pay.
It wasn't a matter or Toyota thinking that the profits on their truck isn't enough to justify making them in the US, it was a matter of thinking that the trucks will be more profitable if they made them in Mexico instead. If Toyota can make Corollas in the US at a profit, they can make expensive trucks in the US at a profit.
Which will mean more higher paying jobs in the US, which is why we are doing this. DoorDash isn't an economy. Some of use don't hate American workers.
True. Not many want to work. Around me there is a huge P&G plant recently built, Trex lumber, McKesson drug distributor and Amazon facility. None of them can find enough people. Trex will pick you up 45 miles away and bring you back home and start you at $20+ an hour. A kid out of high school was helping a guy doing my garage roof. He was getting $10 an hr cash and I heard him complaining he didn't have enough money to buy his food. When I told him about the Trex deal, he said their bus stops in front of his house but he didn't want to do that. How does he know if he doesn't even try. Too many people don't seem to care about improving their situation. Myself and probably many on here did all kinds of ****e jobs to get money and find out what we didn't want to do.
I bought yesterday. Too quick. Should have waited another day or two.
Education is free in the US. Higher education is free for many as well. Some colleges are even offering free medical school and tuition for the poors who make under 150k /yr.
Apparently Europe needed help , the Jewish people needed help if I remember right . I heard a story once about a bombing in Hawaii also . Evil had to be crushed , I'm proud of America for jumping in . All the men and women that sacrificed .
Education is free in the US. Higher education is free for many as well. Some colleges are even offering free medical school and tuition for the poors who make under 150k /yr.
Healthcare? Walk into any hospital and you will be covered by medicaid. How do you think "migrants" who came to the US with $0 in their pocket pay for their 4th baby and obgyn care? Yea it's free. I can get an MRI in a week with an OOP of $100 and see almost any specialist within a month or sooner. In many parts of the EU and Canada you'll be put on a wait list (death) to get a heart catheter or cancer care. I know this because I have Dr. friends in Canada, they send their family to the US lol. If you have a good job, you get really good benefits.
How much are your taxes in Scandinavia to have all of these wonderful free benefits? How easy is it to start a business in the EU, fire an employee, or do anything without being regulated to the eyeballs? Off topic, but why are there so many bonbings in Sweden?
Where is Europe's tech industry, hows their native AI tech doing? Why are all the millionaires leaving London and where are they going?
The VAST majority of US citizens ABSOLUTELY DO NOT CARE about Europe. To many of us it's where fancy cheese comes from and a place to go visit a dying culture and some old timey buildings. The US is mostly self sufficient and we will figure out a way to fix what doesn't work due to the tariffs. While you guys are trying to rebuild your pathetic armies to fight soviet era garbage tech, we'll be here prospering and laughing at the strongly worded letters and puzzled looks on your faces.
We've had days were there was some economic data of sorts that came out as negative and the indexes went down 1-2 maybe 3% but it wasn't that big of a deal and after traders mull over it during market close they buy it up tomorrow and it gets forgotten so in that instance it's smart to buy when it happens. But yesterday wasn't that, it was too eventful and carried too many elements to where I didn't want to buy and it was a very big 1 day move on it's own. Can't recall when indexes were down 5% in one day where it didn't sell of more. I've noted that when there's that much loss in one day it's usually kindling for more pain at least the next day or two as I've been burned there before. I'm seeing too much volatility and don't want to buy today either.
Exactly, no counter points.
Truth hurt kally
Butthurt much?
? Last I knew my property taxes paid for the local school (which is why there is so much effort to cap max spending per student). Gov (be it fed or state) can only give out that which it takes in.
I think the bit that follows is more interesting than tax brackets:
