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Joined 1 year ago
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Cake day: March 2nd, 2024

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  • When you print money, it devalues all the existing money because there’s more of it but the extra value it generates hasn’t materialised yet.

    Guess who owns over half of all the money there is. Imagine how they would feel if you devalued it, and then imagine whose campaigns they would fund next time.

    When you borrow money, you create a taxpayer liability that Americans have to work hard to repay, in addition to servicing the debt with interest payments.

    Guess who neither pays taxes nor has to work harder to service federal debt. That’s right, and guess who funded your campaign. Are you going to let them down, or make the choice to screw workers a bit more?

















  • Trump is putting tariffs on things Americans buy from overseas that he believes should be made in America. The gamble is that companies that makes those products will choose to open factories/production in the US in response to the tariffs, which will create new jobs and growth in the country.

    In comparison, retaliatory tariffs suggested by Trudeau and Sheinbaum are going to impact high demand goods that Americans import that would be very difficult to source in the US (or elsewhere in the world) in the short term. There is unlikely to be significant impact to the Canadian or Mexican economies because Americans must purchase those items and absorb the extra costs.

    An example is cars, which can move back and forth across the border many times during assembly. Car manufacturers must simply absorb those extra costs due to the tariffs now.