So how would he get what someone else produced if the person producing didn't give it and he didn't steal it? What other way could he get it? Are you saying that he got it as stolen goods from the government?
the US outsources jobs to japan, south korea, and mexico because those US dollars return to the big companies in the US. those big companies use those US dollars to create jobs in other countries instead of the US, and Trumps tariffs makes those US dollars work for Americans with fair trade.
They provide an enterprise that gave the Walmart shopper value he judged was equal to what he paid. They did it a billion times (or more). They also paid for all the value they received from others in bringing those products to market, at the rate they and those who chose to provide it agreed on. The difference is their contribution. If that difference adds up to a billion dollars—fantastic. That billion is literally the measure their customers put to the families contribution. The guy lifting boxes. He provided value equal to the $9.15 an hour he agreed his time was worth. He put into the economy about $73.20 a day. A billion is larger than $73.20. No dodge. If you disagree with any of those judgements, don't participate. And if you don't participate, don't expect your opinion to matter as much as those who do.
Nope. Higher profits with lower wages, and favorable tax policies. - - - Updated - - - What exactly did the Walmart heirs do to provide an enterprise for which they receive a couple billion a year.
No idea. The problems got solved, the folks who paid for the solutions got what they wanted. We often pay people for solutions without knowing how they are accomplished. I also have no idea what Oscar Mayer did to provide their product. (and I don't want to know)
You seem to assume that I was talking about the election and not the number of economists who would tell you protectionist trade policies are a bad idea.
Yea, they are a bad idea. North Korea is the classic example. Hence my comment. LM suggested protectionist policies. You said: "I guess trying something is better than trying nothing." I offered that Custer "tried something" too. Didn't work out too well.
Are we to be slaves to what economists think and Wall Street wants? RFK said, "We will find neither national purpose nor personal satisfaction in a mere continuation of economic progress, in an endless amassing of worldly goods. We cannot measure national spirit by the Dow Jones Average, nor national achievement by the Gross National Product." Maybe he was onto something. One of the things that intrigues me about Trump the most is that he has managed failure. He doesn't blame youtubes or Secretary Powell for his failures and then turn around and try to paint those failures as a success. Maybe that is what America needs--someone who has lead in periods of decline. IDK. I won't vote for either of them, but it is an interesting proposition to me--a leader who doesn't fake it until they make it.
walmart offers cheap prices because it outsources slave labor, Trumps tariffs will make it expensive for them to hire foreigners over Americans to make their products. since Americans don't accept slavery, they will have to pay more and raise their prices so that other smaller competitors can compete and take their market share and unfair riches.
I have an idea. They happened to be Sam's family members. The fact they get a couple billion a year has nothing to do with anything of value they contribute to the economy. That's just nonsense. How the nation's gross income is distributed has as much to do with government policies than the "value" the people getting the income contribute.
tariffs or 'protectionist policies' are the solution for a people who are fortunate to be from a resource rich land, and who are innovative enough to maintain a good quality of life without the help of slavery in other countries. north korea is not innovative to survive without the help of others because their laws of the land don't allow for freedom of the people only the rich, which is the direction America has taken with walmart. global trade steals the wealth of richer innovative countries and donates it to poorer countries to prevent wars, and enrich the crony capitalist middle men who are in charge of transferring the wealth.
... then they get it from Sam. The nation still got that value. Sam put so much value into the economy he had some credits left over and chose to have his family members spend it for him. Which is a lot more fair that saying if Sam doesn't spend it you are going to pretend this nation never got that value and renege on your promise to provide value in return. If you don't want to credit that family for the value they are continuing to produce don't buy their stuff. Do without the value they offer and you can do without crediting them for it.
I didn't ask what Sam did of value to earn his income. I asked what his heirs put into the economy valued at a couple billion a year. You're the one who claimed "You generally receive income (credit) for the value you put into the economy." [/QUOTE]
we tried protectionism and it led to trade wars, Great Depression, and world war. That is why we have free trade now. Do you understand?
when Trumps tariffs makes it more expensive to do business in America, will the walmart family move to china? we can use government force to keep their wealth in America, and give it to capitalists who create high paying jobs in America, and as a reward give them tax cuts.
slaves cant quit their jobs, freely take the best jobs offered to them and they don't get rich the way the Chinese are. Why are you lying??
might makes right, we won the world wars. Donald Trump will make friends and negotiate good deals with the countries that can do us harm like Russia, and let all the other countries crumble under their own weight.
America is designed to protect against govt force. You are treasonously opposed to freedom and America. Do you understand?