Posted on 04/06/2025 5:58:27 AM PDT by RandFan
Peter Schiff is a financial commentator & CEO of Euro Pacific Asset Management
[30 mins podcast]
(Excerpt) Read more at youtube.com ...
If that.
The workers pay income taxes and get off of welfare. That increases revenue also. Manufacturing plants sustain entire communities. They provide secondary businesses and jobs. The net effect is one new manufacturing job is going to create many new secondary businesses and jobs. This process will create a viable economy for the long term. You Free Traitors™ need to stop with the myopic thinking.
preemptively autopen pardoned Adam Schiff(D-CA)
I listened to him despite of that. Sometimes he made me cringe.
That’s not a bad scenario, except unemployment is already so low. It’s not idle people doing the manufacturing jobs. It’s people changing jobs.
There may be a pay raise to bump up tax revenue but when the factory opens it erases tariff revenue.
Not a Free Trader. Just one who obsesses over the power of mathematics.
There is no fix for $37T in debt and 3.4% composite interest rate unless there is outright default, explicit, uncamouflaged. The power of compound interest overwhelms all other factors. Trump knows it. It is why he has talked about selling assets, like vast expanses of land.
But it’s gone too far. Even that won’t suffice.
It's even worse than that. They cry that Americans will suffer BOTH WAYS! Coming and going, left and right, up and down.
For most U.S. workers, real wages have barely budged in decades
You did not understand what I said.
The point was moving factories to the US does not explode tax revenue because there is no pool of unemployed people, currently paying no taxes, to get those factory jobs and then start paying tax revenue. Unemployment is low.
They are already working. And already paying tax revenue.
If I only read your posts, I’d put a bullet in my temple.
Are they allowed in there? Maybe Mormon temples.
I think there are millions of potential workers out there willing to work for decent wages. Seeing how wages have been flat for decades they would rather work under the table for cash. Also, it used to before rat globalists took over that raising wages were a GOOD THING AND A GOAL not a crises.
If you want a baby boom let wages rise for once.
Neither one truly understands economics. Some aspects of it? Yes. Economics as a whole, and how debt-based money works? No.
The solution is not gold.
The solution is for our US Treasury to issue our money supply, not backed by debt securities.
I know, right? That stupid Donald Blumph, he thinks our tariffs will be soooooo much better than other countries’ tariffs. That stupid-head! He doesn’t know that only other countries get to tariff us and we have to lie down and take it. Wow, I miss Biden already.... NOT! I’d rather fight and die standing than live and grovel on my knees. We had nothing but debt and despair under Bite-me; it can’t be any worse under Trump, tear the system down!!!
LFG!!!!!!!!!
Nice idea, and it would be great to offer city kids a step onto the positive reinforcement work ladder producing a perceived high prestige item, even with an employee purchase plan.
Didn’t Napolean say something like Europe was won with a handful of ribbon?
The participation rate has definitely been in decline.
There is no evidence that the cause of this is a lack of manufacturing jobs.
Rather, he official definition of workforce age is 16 and older. There is no top end (oddly). So obviously the baby boom in retirement age will shrink participation rate per the graphs and this has been known for some time. Big numbers retire.
Then there is health. US consumption of pain opioids by working age people has exploded. One half of working age men take pain medication, and 2/3 of that total are on prescription pain medication. That shrinks the available pool of men of that age to work in factories.
And so. There is no pool of non tax paying people poised to jump into these factory jobs and pay tax revenue.
Says who? A cretin like you?
I would have thought the numbers said it. Not my numbers. Look them up.
Stagnant wages and a low birth rate are signs of:
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