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Post by kl9 on Apr 4, 2020 6:13:54 GMT -6
This is true but why is it a bad thing? This is the case because you, me, and every other consumer has demanded it be this way. Our actions as consumers have demanded this trend for decades. It’s simply the case that if a consumer goes to Walmart for bacterial soap and there are 2 products, if all else equal majority of people will buy cheaper one each time. That sets all these wheels in motion for what you’re describing. The lack of supplies is certainly a worry, but this has nothing to do with capitalism. Walmart got their foothold in this country by marketing that they sold American made products. They put a majority of the ma and pa stores out of business. They used to have pins that said they sold American made. Then they switched over to China. That leaves the consumer with very little choice but to buy China made products. Hopefully if we survive this we look around and have our products made in the USA or at least other countries. Trump had China on the ropes before this mysterious virus hit the world. Now they’re back in the drivers seat. Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about.
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Post by batman on Apr 4, 2020 6:29:53 GMT -6
Walmart got their foothold in this country by marketing that they sold American made products. They put a majority of the ma and pa stores out of business. They used to have pins that said they sold American made. Then they switched over to China. That leaves the consumer with very little choice but to buy China made products. Hopefully if we survive this we look around and have our products made in the USA or at least other countries. Trump had China on the ropes before this mysterious virus hit the world. Now they’re back in the drivers seat. Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about. Spot on. You would not have 2 brand new cars in every garage if we made everything domestic. Standard of living would tank. When we went overseas for production we always had domestic fill for the gaps and repairs. About once a quarter some chest thumper would call to chew our ass about producing overseas and we would inform them they could buy a domestic unit for $140 more. None of the chest thumpers bought domestic. Zero.
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Post by nhmountains on Apr 4, 2020 6:31:17 GMT -6
Walmart got their foothold in this country by marketing that they sold American made products. They put a majority of the ma and pa stores out of business. They used to have pins that said they sold American made. Then they switched over to China. That leaves the consumer with very little choice but to buy China made products. Hopefully if we survive this we look around and have our products made in the USA or at least other countries. Trump had China on the ropes before this mysterious virus hit the world. Now they’re back in the drivers seat. Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about. Kaleb, We’re $30 trillion in debt. Those experts take that out of the equation. We’re poor and the government had over spent and over promised. I’d agree with you if we had a balanced budget. We haven’t in 60 years except for one possible year. Our government acts like a kid with a brand new credit card. Overspending and buying whatever they want.
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Post by kl9 on Apr 4, 2020 6:37:24 GMT -6
Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about. Kaleb, We’re $30 trillion in debt. Those experts take that out of the equation. We’re poor and the government had over spent and over promised. Running a fiscal deficit is not necessarily a bad thing. Are we over spent? Probably. It’s just like a business. Most businesses have debt, but that debt allows them to grow and do things they otherwise would not be allowed. Free trade is a good thing.
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Post by buckvelvet on Apr 4, 2020 7:01:59 GMT -6
Our local schools barely had the percentage of kids attending in January to count days because of sickness. There were some puking but mostly it was fever/respiratory, most of the locals think covid-19 hit here back then. We have yet to have a confirmed case in Mason County, MI. Which leads me to think these people that believe this are right.
Idk when I am going back to work, maybe April 13, maybe May 1st. Crazy wild times indeed. Walmart is all sorts of roped off and limited purchases. Meijer isnt doing any of that and its a free for all in there.
It’s raining today, so I can’t get my daily load of firewood, what on earth shall I do to pass the time. Getting fertilizer and lime to put out at the orchard still requires going to the stores. 🤷♂️
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Post by sd51555 on Apr 4, 2020 7:47:34 GMT -6
Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about. Kaleb, We’re $30 trillion in debt. Those experts take that out of the equation. We’re poor and the government had over spent and over promised. I’d agree with you if we had a balanced budget. We haven’t in 60 years except for one possible year. Our government acts like a kid with a brand new credit card. Overspending and buying whatever they want. I'm a student of the debt and the dollar. The invisible thief is inflation, deficit spending, and fractional reserve banking. $100 will always be worth $100, and that is what people feel and base their assumption of wealth on. When I think about this, I see someone with their back to a machine that looks like a snow maker from a resort. While they count their dollars with pride, behind them is a snow machine kicking out mountains of additional cash, diluting the value of the small mit full of paper they have. I like to skim the national debt clock from time to time, and I came across some interesting parts I hadn't seen before. Check out these comparisons in home prices over 20 years. Dollar wealth is getting eroded quickly and nobody is the wiser, because our betters tell us inflation isn't happening. This is why everyone has to question whether their wealth strategy can at least keep up with inflation, and if so, what rate do we have to hit? I argue it's somewhere around 6-8%, and I'd lean heavy towards 8% after current events play out.
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Coda1
Full Member
Posts: 242
Likes: 303
Location: Hunting north of Staples, MN
Zone: 3B
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Post by Coda1 on Apr 4, 2020 12:04:26 GMT -6
Importing and exporting with other countries by exploiting comparative advantages/differences in human capital and production technologies has made America the richest country in the world. We would not be where we are today without allowing China or other countries to produce as many of our household goods as they currently are. This is economics 101. I’m all for a bit of nationalism, but we would be an entirely different country if that is all we cared about. Spot on. You would not have 2 brand new cars in every garage if we made everything domestic. Standard of living would tank. When we went overseas for production we always had domestic fill for the gaps and repairs. About once a quarter some chest thumper would call to chew our ass about producing overseas and we would inform them they could buy a domestic unit for $140 more. None of the chest thumpers bought domestic. Zero.
That is the problem with Americans. Everyone thinks they are entitled to everything. The standard of living should be lower, it is all based on debt. If they can't afford it they borrow. They expect the government to borrow and throw money into the economy so they can have even more. Most Republicans complain about the Democrats giving money to people but they are just as bad. Both parties are all for borrowing now. If you want to live debt free it is impossible because the government is borrowing for you and in the process it is devaluing any money you have saved. The irresponsible never pay the price. They say they are entitled to what they have because they took risks but scream for government bailouts when it doesn't work out. If everyone lived like me there would be no need for a bailout because people were out of work for a few weeks. Someday the pyramid scheme of borrowing will come crashing down. Unfortunately even those like me that didn't create it will suffer too.
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Post by nhmountains on Apr 5, 2020 5:15:19 GMT -6
Kaleb, We’re $30 trillion in debt. Those experts take that out of the equation. We’re poor and the government had over spent and over promised. Running a fiscal deficit is not necessarily a bad thing. Are we over spent? Probably. It’s just like a business. Most businesses have debt, but that debt allows them to grow and do things they otherwise would not be allowed. Free trade is a good thing. I know that there isn’t a country in the world that doesn’t run a deficit. I heard your thoughts from a coworker 20 years ago that was getting his MBA. He said that’s the first thing they teach you at business school. We currently owe around $73,000 per legal person in this country. Maybe a lot more if you factor the newest stimulus. How many of the legal residents in the country are working? They’re the ones actually footing the bill so that $73,000 is much higher. I didn’t go to business school but, I’m certain that isn’t good business practice. Some day in your lifetime you will see the end game of this so called good business practice. Owing more on your credit card and personal loans than you make in a year isn’t good. What do the professors say about that? They actually say that’s a good practice? I’d feel s little differently if we’d actually had a balanced budget every few years.
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Post by MoBuckChaser on Apr 5, 2020 7:15:32 GMT -6
Two things: I am getting a lot of shit done being on lock down I would not normally get done.
How much tax revenue is the gov losing with so many americans not working right now?
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Post by sd51555 on Apr 5, 2020 8:23:48 GMT -6
Two things: I am getting a lot of shit done being on lock down I would not normally get done. How much tax revenue is the gov losing with so many americans not working right now? Get ready for a Wisconsin style riot at the capital when it comes time to deal with this. State spending grows at an alarming rate no matter what is going on. After 9/11, local government aid and education spending got the shaft, which led to huge property tax increases, tuition increases, and new "fees" at state colleges to plug the gap. High tax states get hit the hardest. So when actual revenues go down 5% and collide with spending programs requiring a 10% increase, you get a gaping budget hole. This will bring back the old word game of defining "budget cuts." For example, if an agency is asking for a 10% increase and is only given a 7% increase, in government, that is a 3% budget cut. The beast will always feed.
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Post by Tooln on Apr 5, 2020 10:20:04 GMT -6
Anyone hearing rumors of Marshal Law?
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Post by Freeborn on Apr 5, 2020 10:30:37 GMT -6
Anyone hearing rumors of Marshal Law? Not that I have heard. Mostly I have heard Trump indicate the states should be the primary decision maker for their state. I don't know how they would manage that, how would people get to elderly parents or other needy people? Maybe they should have marshal law for all young people?
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Post by Satchmo on Apr 5, 2020 10:32:54 GMT -6
Two things: I am getting a lot of shit done being on lock down I would not normally get done. How much tax revenue is the gov losing with so many americans not working right now? Every dime of the unemployment income, including the stimulus portion of ui, will be taxable income. Not sure about the $1,200 checks everyone is suppose to get, but I suspect so. State sales taxes are also piling up from the panic buying and hoarding. The gov’t will no doubt go into a deep hole, but they will claw it back when this thing clears.
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Post by honker on Apr 5, 2020 10:59:32 GMT -6
Two things: I am getting a lot of shit done being on lock down I would not normally get done. How much tax revenue is the gov losing with so many americans not working right now? Every dime of the unemployment income, including the stimulus portion of ui, will be taxable income. Not sure about the $1,200 checks everyone is suppose to get, but I suspect so. State sales taxes are also piling up from the panic buying and hoarding. The gov’t will no doubt go into a deep hole, but they will claw it back when this thing clears. Already read about a couple states planning large tax hikes next year. I’m sure MN will be on the leading edge of that movement
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Post by Sandbur on Apr 5, 2020 11:47:04 GMT -6
Every dime of the unemployment income, including the stimulus portion of ui, will be taxable income. Not sure about the $1,200 checks everyone is suppose to get, but I suspect so. State sales taxes are also piling up from the panic buying and hoarding. The gov’t will no doubt go into a deep hole, but they will claw it back when this thing clears. Already read about a couple states planning large tax hikes next year. I’m sure MN will be on the leading edge of that movement I hope our state has given up on how to spend the proposed tax surplus that was projected.
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