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It was basically at the interest of the capitalist class to cut labor costs by manufacturing in China.
Just takes a politician willing to take some of that sweet lobbying money and the rest is history.
The "capitalist class"... Basically everyone who uses their own hard earned money to buy stuff. It's no secret that people tend to shop on price for the best value.
I should’ve been more specific. Talking about the top 1%. Essentially anyone who can afford to manipulate politics just by bribing the right politicians.
The 1% don't give a damn if you buy wicker baskets and underwear from China. People willingly bought the products that were the best price. The "1%" did not make those products cheap. The government allowed these items to be sold here with very little tariffs, and since they were generally the best value for dollar, those items won against more expensive competition. Hence why the majority of stuff you buy comes from China.
Tariffs were used in the past to protect our domestic markets. Trump brought them back, but by that time, it was far too little too late. The industries were bled off decades ago. Now we are just punishing our consumers with tariffs while still doing next to nothing to encourage our domestic manufacturing base to grow. "The 1%" is actually laughing at you since you are way off the mark on this one. The "1%" abandon manufacturing long ago. There are just way too many other easier ways to make money with far less risk involved. They have washed their hands of it, but will invest in it if the government makes it worth their wild.
The government that is owned and operated by the capitalist class. It benefits the capitalist class, shafting the working class.
Again, you use the term "capital class" without actually defining it. As I see it, the capitalist class would be everyone participating in the capitalist system, whether they are rich or poor. But I have never used this term before, nor have I heard anyone else use it. Did you just make it up?
It was basically at the interest of the capitalist class to cut labor costs by manufacturing in China.
Just takes a politician willing to take some of that sweet lobbying money and the rest is history.
LOL, you jest, right?
The "overtaxed" wanted government to give the golden goose to China?
: : : : :
U.S. Dept Commerce Statistical abstract data:
Tax (Federal) per GNP
1890 1.09 %
1900 1.58 % (coming off the Spanish American war)
1905 0.93 % 1910 0.83 %
: : : : : http://www.usgovernmentspending.com/..._spending.html
2022 GDP: $23.499 T, U.S. population : 332.3 M, Per Capita : $70,716.22
â—Ź Federal spending, per capita : $18,090.2 (percentage of GDP: 25.5%)
â—Ź State spending, per capita : $ 6,931.7 (percentage of GDP: 9.8%)
â—Ź Local spending, per capita : $ 6,487.7 (percentage of GDP: 9.1%)
Summed up, combined government spending takes (approx) 44.4% of the GDP.
= = = = = =
PEOPLES REPUBLIC OF CHINA
In 2018, the share of tax revenue in GDP was 18.9 percent.
= = = = = =
In case you didn't pay attention, before GLORIOUS SOCIALISM, the federal tax rate in 1910 was less than ONE PERCENT. After socialism (today), we have 25.5% federal and an aggregate of 44.4% (local, state & federal).
Is PUBLIC CHARITY (Socialism) the remedy?
Like taking $1 from you and giving you back $0.10?
I'd prefer gubmint takin' nuttin'. ZERO taxes.
The government that is owned and operated by the capitalist class. It benefits the capitalist class, shafting the working class.
You may be a victim of the world's greatest propaganda ministry, so such erroneous thoughts are to be expected.
You do realize that the USA went socialist in 1933, right?
That's when "Saint" FDR abolished the US Constitution via the State of Emergency. And confiscated all the people's lawful money (gold coin) and gave them worthless paper (repudiated IOUs). And made it a federal crime ($!0k fine + 10 years in prison) for "free" Americans to hold constitutional lawful money.
United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. sec. 95a and b).
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...
Constitutional U.S.A. (1789 - 1933) R.I.P.
Welcome to the Peoples Democratic Socialist Republic of America.
If you still feel that Uncle Sam is a po' hat-in-hand wastrel, meekly taking over one quarter of your working life, remember this...
Out of the 2.27 billion acres in the country, about 28% of the total is owned by the Federal government according to the Interior Department. 635,600,000 acres (roughly 2 acres percapita).
WHAT IS THE RICHEST ENTITY IN AMERICA?
WHO ARE THE REAL "ELITE"?
WHO ARE "SHAFTING" THE WORKING (TAX PAYING) CLASS?
And if you think paying 44.4% of your working life to government isn't enough, don't worry - thanks to the ever rising PUBLIC DEBT, the DEBT SERVICE (interest) is rising, too. Which means the tax percentage WILL GO HIGHER. OR, the spending on non-interest budget items will GO DOWN.
CAN'T have it both ways. . .
Now consider what might happen if
GOVERNMENT ABOLISHED ALL TAXES ON LABOR AND INDUSTRY -AND-
DISTRIBUTED ALL UNUSED FEDERAL LANDS TO THE AMERICAN PEOPLE.
What would you do with your 2 acres of free land, and a bump in take home pay?
What would you do when retail prices drop while not hurting profit margins?
What will happen when there's no benefit for hiring "undocumented" labor? (And no more "freebies" for anchor babies?)
Spend more, enjoy more, even be more charitable - to Americans?
How could we foul things up any worse than what gubmint already did wrong?
Don't be fooled by the wing-flappers, left or right.
- - -
We're [bleeped] real good.
WORLD SUPPLY OF GOLD (EST) = 6 BILLION OUNCES ($124 Billion in lawful money, as defined by the Coinage Act of 1792) http://en.wikipedia.org/wiki/Gold
. . .
As of November 30, 2018, the US Treasury claims that there is 261,498,926 oz of gold bullion in official US Gold reserves held between Fort Knox, the US Mint at West Point, and the US Mint in Denver.
($5.060 billion)
. . .
As of August 7, 2022, U.S. National Debt is estimated to be $30.632 trillion dollars (not dollar bills). https://usdebtclock.org/
. . .
The national debt computes to an obligation to pay 1,481,823,000,000 ounces of gold, stamped into coin.
1.5 trillion ounces (approx) versus a world supply of 6 billion ounces.
WHERE IS THE GOLD THAT WAS LENT TO CONGRESS TO RACK UP OWING 30+ TRILLION DOLLARS?
(Uh oh, can't ask that question without violating clause 4, 14th amendment, USCON)
- - -
NOW, you can run in circles, scream and shout, shaking your fist at the sky.
Last edited by jetgraphics; 08-07-2022 at 03:49 PM..
GOOD NEWS. . . at current mining rates for GOLD, and IF the debt and interest were FROZEN, we could pay off the national debt in less than SEVEN THOUSAND YEARS !!!
Pursuant to the Coinage Act of 1792, a Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.
DIVIDE the debt (in dollars) by 20, to compute the number of coins, and then multiply that by 0.9675 to compute the amount of GOLD BULLION NEEDED.
EMBARRASSMENT FLAG ON
correction - -
1,481 billion ounces - 6 billion ounces = 1,475 billion ounces needed.
World mining output of gold bullion (2021) = 3,000 metric tons.
One tonne = 32150.7 troy ounces
3000 metric tonnes = 9.6452e+7 troy ounces
1,475e+9 / 9.6452e+7 = 15,301 years of mining.
In short, if the debt & interest were frozen, and America could acquire ALL THE GOLD MINED IN THE NEXT 15,301 years, we could pay off the national debt.
WOO HOO!!!!
Last edited by jetgraphics; 08-07-2022 at 04:04 PM..
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