Goldman Sachs: The fiscal outlook for the US 'is not good'
- Thread starter mentalfloss
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Years ago I was on the phone with the Province because they charging me tax based on what THEY claim was the value of a used truck I was purchasing and not what I paid for it.
Anyway, as the conservation went on, I couldn't believe my ears. Get this, if you privately sell a used appliance, you're supposed to charge AND remit what was the PST at the time. When person told me that, I laughed uproariously and said, "Yeah, well good luck with that." :lol: Unbe-friggin'-lievable.
Quality will suck but they will be cheap
They will figure that part out, too. I've been purchasing miscellaneous components of Chinese origin for almost 40 years now (to stay competitive... you can't avoid it if you tried) and the quality has steadily improved. Also, the Japanese and others are producing decent cars in China, now and essentially teaching the Chinese how to do it.
When people bad mouth socialism ..... Just look at how China has succeeded with a State Economic System rather then a Market Economic System. China has lifted 800 million people out of poverty in less than 20 years.
And they didn't do that by using the world market while protecting their domestic market? Same as Russia post USSR
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No.. its economic nationalism.. It's true free enterprise vs. the corrupt free markets that now govern the world.
The Trump tariffs will eliminate the $12,000 car before it ever leaves China.
The tariffs are thought to increase the average vehicle price in America from $32,000 to $39,000.
That $7,000 goes to pay back the trillion dollar gift to the wealthy that was the GOP mantra for the last 30 years.
The tariffs are thought to increase the average vehicle price in America from $32,000 to $39,000.
That $7,000 goes to pay back the trillion dollar gift to the wealthy that was the GOP mantra for the last 30 years.
It takes years to turn an economy around, so any credit for the current US economy goes to the previous administration. Trump is riding a wave that Obama started, but he is doing his best to collapse that wave with his poorly thought out fiscal policies and the trade wars he has started.
It is similar with building regulations. If you make any improvements to your house such as adding a bedroom in your basement or building a deck, you are supposed to go to the local municipal government for a building permit and hand them the plans for approval. Needless to say that building permit costs money. I don't know of anyone who has ever applied for one.
It is actually central planning rather than socialism. The government selects a number of goals and then gears the economy to work toward those goals. Such planning has been highly successful in a number of nations including Germany, Sweden, Japan, South Korea, and Singapore just to name a few. Even supposedly market economies like the US use it when infrastructure like schools, hospitals, and roads etc. are constructed.