Delta_V

Come on Lemmy.

Its been 23 hours since this got posted.

How has Chrono Trigger not already been mentioned?

The hope is that this will incentivize and result in more development of the American manufacturing sector

Tariffs alone are not enough. Expanding production is a long term investment, but there's no guarantee a tariff will still exist in 4 years. Its risky to invest capital to meet tariff-induced demand when that demand might disappear before your new factory is even finished being built.

Uncle Sam can mitigate that risk by subsidizing the construction of new factories while the tariffs are in place.

trickle down economics

American propagandists trying to pin blame on an individual instead of admitting the problems they're having are symptoms of capitalism, and I'm not buying it for a second.

The John Denver cover: https://www.youtube.com/watch?v=L5m5ycA_QHk

https://en.wikipedia.org/wiki/Modern_monetary_theory

DO IT!

Seize The Fed and abolish all Federal taxes!

The Federal Government does not need tax revenue to provide services. Federal taxes just delete money in a targeted way. When the Federal Government wants to buy something, it creates the currency it spends. The balance of interest rates and Federal taxes determines the speed at which the overall supply of currency grows - either lever can be pulled to moderate inflation. Taxes make people poorer, reducing demand. High interest rates slow the growth of businesses that need to take out loans from a bank. With lower Federal taxes putting more money in people's pockets, successful businesses will be less dependent on bank loans: win-win.

Although, the clowns of the Republican circus would probably pull the wrong lever, reducing interest rates, which would necessitate increasing either taxes or inflation, leading to stagflation and recession.

any old jackass could prattle on about whatever without a single lick of knowledge

Welcome to rural talk radio.

As you're out hiking with your cat, a lettuce, and a vacuum cleaner, you come upon a river blocking the path. On the side of the river, there's a boat that's just big enough for you and one other passenger.

The cat can't be left alone with the lettuce.
The vacuum can't be left alone with the cat.

How do you get everyone across?

This time? There was no real opportunity for meaningful change. The Democratic party is far right economically, and they depend on the donations of plutocrats and megacorps. Regardless of either Democrats or Republicans getting elected, the donor class wins and working Americans lose. Some will say Harris attempt to appeal to the right wing is what made her lose, and perhaps there is an element of truth to that. Its unlikely that the Republican base she attempted to woo would actually vote for a Black woman running as a Democrat over the old, rich White guy running as a Republican. However, the owners of the Democratic party - the ones who immediately had millions of dollars to donate the day Biden dropped out - they didn't lose. The only way the owners could lose is by appealing to progressives and winning an election.

The time to begin doing something differently was decades ago, building power and organizing from the bottom up. Socialists need to begin running in and winning local elections, and pushing hard against First Past The Post elections.

paywalled

Intel in 1990: "the market will have less demand for dedicated graphics cards in the future"

Intel in 2000: "the market will have less demand for dedicated graphics cards in the future"

Intel in 2010: "the market will have less demand for dedicated graphics cards in the future"

Intel in 2020: "maybe we should make a dedicated graphics card?"
NVIDIA in 2020: "hold my diamond crusted, 24 carat beer while I stomp this n00b"

Intel in 2024: "the market will have less demand for dedicated graphics cards in the future"