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The Biden Presidency

In the current context of the activities of some aggressive countries, the Ministry of Truth looks like a forced move.

Hello all! If you'll excuse me, I'm going to join.
 

Bezos is onto things here, think it's pretty rare for him to make a post like this. Can't find in my old economics and finance notes where it says increased corporate tax will counter inflation, but I'm sure sleepy creepy joe is right.

On a side note - Rather surprising Bezos only has around 4 million followers when Musk has about 90 million.
 
Bezos is onto things here, think it's pretty rare for him to make a post like this. Can't find in my old economics and finance notes where it says increased corporate tax will counter inflation, but I'm sure sleepy creepy joe is right.
Yes I've never seen a time where corporates can't pass on increased costs, or find another source for their product to reduce the input cost, or resize the packaging to get the same price for less product etc.
The only one who can't pass on increased cost is the wage slave, the tax is taken before they get their pay packet.
 

There we go, lunatic right and lunatic left news sites both with articles today of a very similar nature. Both Musk and Bezos are starting to be publicly critical of the Biden Administration. My god it'll be fascinating if they team up and really start hammering this administration.

I'm sure yesterday when I looked Bezos had 4.2 million followers - Today he has 4.3 million (4,390,520). Obviously taking a few shots at the government has sparked the interest of a lot of people.

 
Wow, Biden was just asked a direct question whether the US would militarily intervene if China attacked Taiwan and he said flat out 'yes'. No hesitation. China are not going to like that.
 
Wow, Biden was just asked a direct question whether the US would militarily intervene if China attacked Taiwan and he said flat out 'yes'. No hesitation. China are not going to like that.
His handlers will put it down to dementia.
Not sure why Biden is so insistent on starting WWIII.
 
His handlers will put it down to dementia.
Not sure why Biden is so insistent on starting WWIII.

I think the angle they might be taking is that it will be China starting WW3.
 
His handlers will put it down to dementia.
Not sure why Biden is so insistent on starting WWIII.
Voluntary euthanasia?
Actually I think American multinationals will have a lot of skin in the game in Taiwan and South Korea.
 
A question,
Biden declared (again I think) that the USA would intervene militarily if China attacks Taiwan.
Then the White House pulls back from this.
But under the US system, Biden can do whatever the hell he wants can't he , whether its is a good move or bad? No control at all.
That's the Presidential system.
 
Not exactly. But the guy controlling the teleprompter can.
 
Funny how much flack Trump copped for putting on tariffs, the media and most Democrats were giving a constant stream of explanations why it was pointless, how it was backfiring and hurting the U.S.
Funny that four years later they are still on and up for review, I guess hate knows no bounds, anything can be said as long as it fits with the narrative.
Obviously the tariffs are o.k as long as it is Biden who keeps them on.
The Biden administration has begun a review of the contentious tariffs that Donald Trump slapped on up to $US360 billion ($508 billion) of China’s exports to the US amid divisions within the administration and a polarised debate within the US business community and economists.
The review was legally required because the fourth anniversary of the tariffs, or at least the point at which the trade war between the US and China started to escalate, is looming in July. At that point the tariffs either start to fall away or have to be renewed.
 

SP you understand who pays for the tariffs?

US punters, US government collects revenue.
 
SP you understand who pays for the tariffs?

US punters, US government collects revenue.
Absolutely, but if the importers are having to sell their Chinese tools at the same price as say Snap On, the wholesaler may well source their tools from Snap On.
Aslo Snap On may well decide to build another factory because they are selling more tools, but if they build the factory outside the U.S, they would be hit with import tariffs and lose the advantage, so it is advantageous to build at home.
If there are no tariffs on cheap imports, the general public will favour them, which leads to the trade imbalance.
If you want to keep your manufacturing going and pay reasonable wages, there are two options, tariffs or subsidies.
Tariffs discourage companies offshoring their production.
Either way the punter pays, with tariffs the Government collects the revenue from the importer and the punter pays more for the imported article.
With subsidies the Government pays out taxpayers money, to subsidies their manufacturers, because of their higher production costs.
With neither your manufacturing goes offshore to cheap labour countries, because there is more profit and what business doesn't want that?
Well that's the way I understand it, how about you?
 
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Dementia 101


It's ok, no more mean Tweets.....

What a joke the USA is

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81 million votes

? ? ? ? ? ? ?

Please stop, my sides are hurting......






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Harris isn't too far away from becoming President.

Biden can't even stop and get off a bike.









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