Take a look at what kind of people they bring out to talk about price caps.
You might notice that anyone who says it's a good idea is not an economist.

2024-08-24 12:01 from IGnatius T Foobar
Take a look at what kind of people they bring out to talk about price

caps.
You might notice that anyone who says it's a good idea is not an
economist.

I don't believe in economists. I believe in 20 years of food scarcity produced because some lameass Commander who decided to play Ruler of the Land around this place set price caps and caused nobody to want to sell food at a loss.

Somehow I doubt the ruling class will allow unrealized gains to be taxed.
The whole "tax the rich" scam is based around raising income taxes and getting people to believe that "the rich" have income to tax. For them it's all capital gains, and you never see the elite and their captured politicians talk about significant increases to capital gains tax at the highest levels because that would *actually* affect them. Taxing unrealized gains would be a million times worse because investments can be volatile and lose value before you liquidate them. Whoever actually proposed that probably got slapped with a wet noodle. If it was Kommie-la herself then she has no business floating any type of policy whatsoever.

2024-09-24 08:51 from IGnatius T Foobar
Somehow I doubt the ruling class will allow unrealized gains to be
taxed.
The whole "tax the rich" scam is based around raising income taxes and

getting people to believe that "the rich" have income to tax. For them

it's all capital gains, and you never see the elite and their captured

politicians talk about significant increases to capital gains tax at

the highest levels because that would *actually* affect them. Taxing

unrealized gains would be a million times worse because investments can

be volatile and lose value before you liquidate them. Whoever actually

proposed that probably got slapped with a wet noodle. If it was
Kommie-la herself then she has no business floating any type of policy

whatsoever.

Taxing stuff just because you have it is not that uncommon. Certainly there are places where you get to pay a tax if you have more than XXX USD in liquid assets. Basically, if you have savings beyond a certain point you get taxed for saving up.

Politicians get away because they have their assets in non taxable form or they outright have it outside of the reach of their own government.

2024-09-09 21:59 from zelgomer
I mean, that's only a matter of time. It's unrealistic to expect them

to stagnate. This may come off as Nurb432-level black pilled, but if
Wwstern culture can't stay ahead of it, it deserves to die off. We're

below replacement rate, we've destroyed the family unit, we celebrate

depravity and promote destructive lifestyles. If this is representative

of Western values, it deserves to be overtaken, in tbe Darwinian sense.

I agree with about half of this: if Western societies cannot compete, we'll... have to learn the hard way. Tariffs are of limited use, and the developing world is catching up with us.

2024-08-16 07:44 from Nurb432
And now that they Democrats and their handlers have nearly
destroyed the economy, and inflation is thru the roof they now
have announced their solution:  Price controls.

Stalin would be proud.

 

100%. Kamala is co-opting a bunch of dumb populist economic ideas from the MAGA camp. Tariffs and price controls are two sides of the same coin.

I disagree with that. There need to be at least some tariffs. I
agree with Trump wanting a baseline tariff on all imports; maybe
it should be less than ten percent but there should be
something. What we should do is phase out all trade with hostile
and/or totalitarian regimes while deregulating at the domestic
level.

That's not unreasonable. I think it's a far better option than provoking retaliation by targeting specific countries with 25% or more. We were thumb-fingered with the way we targeted China; tariffs on raw materials hurt the domestic manufacturers we were trying to help. People keep saying "but tariffs can work if you do them right" -- I'm still waiting for us to do them right. It'll be better next time, by golly! So they say.

I disagree with that. There need to be at least some tariffs. I
agree with Trump wanting a baseline tariff on all imports; maybe
it should be less than ten percent but there should be
something. What we should do is phase out all trade with hostile
and/or totalitarian regimes while deregulating at the domestic
level.

The way for having a healthy domestic economy is not charging foreigner merchandise, it is fostering a climate in which it is safe to run a business.

Seriously, if it is easy to operate a nut production operation in California you won't need to buy nuts from elsewhere. However, if you make it hard to produce nuts in California AND apply tariffs on nuts, the end result will be America won't have nuts.

I agree on the take against hostile nations, mainly because I have some experience in boardgames with economic factors and I always find it funny when somebody sells steel to somebody else, and that somebody else uses the steel to buyld tanks and hit the guy he bought steel from.

The way for having a healthy domestic economy is not charging
foreigner merchandise, it is fostering a climate in which it is safe to

run a business.

reductive in my opinion. the US has higher labor costs than China. competetiveness problems get pretty deeply entrenched; we become victims of our own success, victims of our own high quality of life standards.

I agree on the take against hostile nations, mainly because I have
some experience in boardgames with economic factors and I always find

it funny when somebody sells steel to somebody else, and that somebody

else uses the steel to buyld tanks and hit the guy he bought steel
from.

:-D

prescient in this day and age, no?

reductive in my opinion. the US has higher labor costs than China.

competetiveness problems get pretty deeply entrenched; we become
victims of our own success, victims of our own high quality of life

standards.

It isn't reductive. I am of the opinion problems are simple and then we make them complex by applying complex pseudo-solutions.

If nuts grow in your area and you are still importing them cheaper than you can produce them that is a sure sign of an endemic problem. Applying a tariff on nuts won't solve that endemixc problem.