Well... given that family was destroyed by feminism with 50% of marriages ending in divorce and with the rise of hookup culture created by women, is pretty clear that indeed America is in decline.
On Thursday, 10 April 2025 at 14:25:23 UTC+3 John Clark wrote: > On Mon, Apr 7, 2025 at 5:06 PM Brent Meeker <[email protected]> wrote: > > >>> *>> In 1990 US average wages were about 20% larger than a worker in >>> another advanced industrial world country, but they are now about 40% >>> higher. ** In 1995 the average Japanese person was 54% richer than an >>> average person in the US in terms of GDP per capita, but today the average >>> American is 150% richer than the average Japanese. * >> >> >> *> **How about the median? Averages can be highly skewed due to a few >> billionaires.* >> > > *True but irrelevant. Trump wasn't claiming that unfair trade practices > increase the gap between the rich and the poor, he was claiming unfair > (Trump is always whining about things being "unfair") trade practices have > impoverished the US as a whole, and clearly that is not the case. However > it is true that Trump's huge tariff increase would not only reduce the per > capita GDP it would also increase the already huge gap between the rich and > the poor because a tariff is in effect a tax on the poor and middle class > because it is a tax on consumables and durable goods, and they spend a far > larger percentage of their meager income on that than the super rich do. * > > *I note that yesterday Trump blinked and reduced his very very imbecilic > tariffs so that now they're only very imbecilic. With two exceptions Trump > put a 10% tariff on every nation in the world, which is still extremely > high, during the Obama administration when the economy was growing at an > extremely rapid rate the average tariff was only about 2.5%. * > > *One exception is Russia, Trump put a 0.0% tariff on Russia but put a 10% > tariff on Ukraine. The other exception is what is perhaps our most > important trade partner, China. Yesterday Trump increased the Chinese > tariff from 105% to 125%, although in practice that increase makes little > difference because either figure effectively brings any trade between the > two nations to a complete halt; China, of course, retaliated and put an 84% > tariff on US goods sent to China. Most of the goods we sent to China are > agricultural products, so this would hurt farmers the most and they are > some of Trump's strongest supporters. This is a classic lose lose > solution.* > > *Apparently what convinced Trump to back down is that historically when we > had a huge stock market drop like we've had over the last few days there > was a corresponding increase in the safe haven of government bonds, but > that didn't happen this time. There was weak demand for new US Treasury > debt because foreign countries were not buying new US Treasury bonds and > were selling the ones they already had. * > > *Inside Trump’s tariff retreat: How fears of a bond market catastrophe > convinced Trump to hit the pause button* > <https://www.cnn.com/2025/04/09/politics/trump-tariffs-retreat-bond-market/index.html> > > *John K Clark See what's on my new list at Extropolis > <https://groups.google.com/g/extropolis>* > > ooh > > > > > *A resident of the poorest American State, Mississippi, has a higher per >> capita GDP than the average resident of Britain or France or Japan. * >> >> *Today the US economy is the envy of the world, but Donald Trump will >> soon put an end to that! * >> >> Already has. Like many international relations, trade depends largely on >> trust...and *nobody* can trust The Donald. >> > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion visit https://groups.google.com/d/msgid/everything-list/f8e884c3-863e-42fc-a3ef-b0ddfc8d7312n%40googlegroups.com.
