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No less than The Economist uses the BMI ("Big Mac Index") to compare economies.
I like how this has "Murrkans dumb" vibes, but this picture is intellectually far better than what average Russian thinks about economy.
That said, 6+ bigmacs for an hour of minimum wage sounds very good. Actually it sounds like some heaven on earth.
'Heaven is a place in Earth' was, in fact, released in 1987 by Belinda Carlisle.
Fueled by cheap Big Mac's, no doubt, though the song neglects to mention them.
Good work Gamers. Your hardware will be more expensive, but at least Biden won't be suggesting a non-enforceable DEI directive at the HR of those game studios.
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Apparently Google searches for "what is a tariff" skyrocketed after Trump won
Also "can I change my vote"
There are already quite a few regrets it seems, and the right wing are gonna learn how tariffs actually work real soon
I'm guessing the money they raise will also be used to help fund tax cuts for high income
I never use Google, so this is from a blank slate search. The top result for "can i c" is "can I change my vote?" Also the top 2 results for "what is" by itself are: "what is the 4b movement" and "what is a tariff". Here come the leopards.
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I'm actually really excited about the smuggling opportunities such a high tariff presents. It's a real job creator. It's been a long time since we've had major smuggling operations on the great lakes. Will be a big boom for Chicago too, since that's the point where the smuggled goods get put on trains. Maybe even get the outfit back together.
Al Capone watching his successors continue his legacy by smuggling PS5s and pirating games lol
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And laptops, and phones, and literally every other electronic thing you might want to buy
People that can still afford stuff will be so cool. The hippest tech, biggest cars and newest kicks, everything will be uber exclusive. This is good for america because reasons.
This is good for america because reasons.
People with lifted pickup trucks can now go into even more debt, so they can flex on the "poors" (while complaining about their "economic anxiety").
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Leopards will be the same price, though.
Faces will be cheap though, there are plenty of those to go around for the next few years
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And now do some basic Google Foo and find out what is manufactured in Taiwan. If China gets it's way, because Trump thinks Xi is cool and he's a good guy, China will just waltz in - TSMC, ASML and Trumpf have some safeguards in place as far as I know to destroy anything valuable. So while you might want to buy shit, you can't because the Cheeto and his cronies collapsed it.
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look closer at everything you own. 99.9% of it will be 40% more expensive if you have to buy it again
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From this article
But in the case of the hefty tariffs that Trump put on China during his first term, economic studies found that most of those costs were passed on to American consumers.
Economists believe this could happen again. One study by the Peterson Institute for International Economics, for example, calculated that Trump’s current tariff plans would increase costs for a typical American household by $2,600 a year.
Paying more for everything to own the libs! 🤡
Cant buy vidya console, got more money for eggs?
5D chess here people!
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People did warn folks about this.
And fridges, washers, dryers, tvs, vacuums, cars, phones.
Basically anything that has a microcontroller you're going to be fucked.
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I thought Republicans were the anti-tax party?
People think that foreign countries pay the tariffs and I'm not sure trump doesn't think that as well.
Also, that food magically appears in grocery stores.
Gawd or something
waves hands
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I think the "logic" is that if things are too expensive to import then companies will start manufacturing them domestically and create jobs. But that almost never works out. An economist could probably explain why better than I can.
I do know that the better approach is to support those industries here. That's why we recently dumped a bunch of money into the CHIPS and Science act.
I am actually in favor of tariffs in a couple of limited situations:
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Foreign goods are cheap due to non-existent labor laws
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Foreign goods are cheap, but produce more emissions than domestic manufacturing
#2 is also called a carbon border adjustment mechanism, or CBAM, and the EU voted to implement one last year that goes into effect in 2026. The USA desperately needs one IMHO. I'm involved in a nonprofit that's been lobbying Congress to implement our own CBAM.
It's silly though to think that a tariff is anything but a tax. It's not any different than any other way that we use our tax laws to try to regulate "pure" capitalism by encouraging certain behavior and discouraging other behavior.
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YO HO HO AND A CACHE OF TORRENTS!
Good, gaming is for chud man children and incels.
Turns on Switch and looks at latest sales for jRPGs
Really nothing but anime fans lusting after booba.
Puts Unicorn Overlord in cart
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this post was submitted on 09 Nov 2024
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