HD China
Road Master
Joined: May 2012
Posts: 946
Likes: 8
From: USA/CA
Of course the money circulates.
Your bottom line sounds good, but we've been there, done that.
The world is in a slow but steady transition to a global economy, been going on for a long time and will take even longer, and that transition won't be finished until standards of living are similar through the world.
Your bottom line sounds good, but we've been there, done that.
The world is in a slow but steady transition to a global economy, been going on for a long time and will take even longer, and that transition won't be finished until standards of living are similar through the world.
Let's make a fluid dynamic example.
The US per capita wealth is/was like a full 1gal milk jug, and the China per capita wealth was like an almost empty 18 wheeler truck tank.
Your "global economy" means that, to put $10 more for each of the 3B Chinese pocket, each US citizen has to bleed $300.
I am sorry if I am not keen in sharing my wealth with the 3B Chinese, to sponsor the "global economy" idea, whose only purpose, is top put more profit in the hands of the top 0.1% US population.
Road Warrior
Joined: Sep 2011
Posts: 1,817
Likes: 116
From: Raleigh, NC
Oh, I know what that means.
Let's make a fluid dynamic example.
The US per capita wealth is/was like a full 1gal milk jug, and the China per capita wealth was like an almost empty 18 wheeler truck tank.
Your "global economy" means that, to put $10 more for each of the 3B Chinese pocket, each US citizen has to bleed $300.
I am sorry if I am not keen in sharing my wealth with the 3B Chinese, to sponsor the "global economy" idea, whose only purpose, is top put more profit in the hands of the top 0.1% US population.
Let's make a fluid dynamic example.
The US per capita wealth is/was like a full 1gal milk jug, and the China per capita wealth was like an almost empty 18 wheeler truck tank.
Your "global economy" means that, to put $10 more for each of the 3B Chinese pocket, each US citizen has to bleed $300.
I am sorry if I am not keen in sharing my wealth with the 3B Chinese, to sponsor the "global economy" idea, whose only purpose, is top put more profit in the hands of the top 0.1% US population.
Forget about our bikes, but let's apply your tax reasoning to jeans. Put those taxes in place to force people to buy American jeans, and suddenly everyone is being forced to pay $50+ for a pair of jeans. You think that would be good for the economy? Of course, more companies start making jeans here, less getting imported, all while people are now paying twice what they did for jeans. The employment growth assumes steady sales with the doubling of prices. Think that's real? And then if it was, what do you think happens to the value of $50?
There's only X amount of money, and we all know what happens when you just keep printing more and more.
BTW, It's not "my" global economy, but the reality of the world as it is today.
Ah, it's been fun, but I think too many are longing for times that never existed, or for a utopia that never will.
Last edited by mmancuso; May 9, 2014 at 12:29 PM.
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