271–280 of 704 posts
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How can you possibly do more harm than the one in NK, literally starving your population?
Also trumps a fascist and NK is communist so the logic is inconsistent.
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> The average European is poorer than the average person from Mississippi, the US’ poorest state Mississippi has a GDP per capita of $53k. 11% of Mississippi's population has no health insurance. Mississippi is one of the highest inequality states in the US. Its median income is $30k. It's Gini Index is 49%. It has poor physical and social infrastructure by advanced country standards. Spain has a GDP per capita of $3…
I know several Spaniards who emigrated to the US, including my sister-in-law. The situation you describe is… one of statistics and not reality
As do I. They all seem to have moved to cosmopolitan places with advanced economies, not Mississippi. I also have friends and relatives that have migrated to Spain. Overall, there is no mass migration in either direction.
> The situation you describe is… one of statistics and not reality
A high speed rail network and universal healthcare are not statistics, they are as real as it gets.
But I definitely agree that Spain is probably not a good place if you want to make an absolute shitload of money.
FWIW, we’ve been affected by the tariffs (10% for now; we import mainly from Vietnam and Thailand at this point). Did our second price increase a few weeks ago. We’ll probably test out how much the market will bear because operating in this market really demands a risk premium. So far it’s not as crazy as the pandemic supply chain crisis, but it’s close. The most insane ending to all of this that I can imagine is tha…
The import tariff from Vietnam is 20% and Thailand is 19%.
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created. Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in. NYC is a leading indicator for the rest of the country. [1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html
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the US has the highest class mobility among western nations Source? The rankings I see have the US behind most of Europe.
You are thinking of “social mobility”, which is a term of art that doesn’t mean what people assume it means. It is essentially a zero-sum rank of your income compare to your neighbor. You can become poorer and still be “socially mobile” or much richer and not be “socially mobile”. Social mobility has very little to do with increasing your economic welfare in any absolute sense. It strongly favors countries with highl…
But yeah, some statistics indeed are just likelihood that the ranking order changes, or even self-reported...
It's like the definition of "middle class". Everyone thinks they're middle class. The OECD calls anyone with 75% to 200% of the average income "middle class". Classically the term means you are above the labour class but not noble.
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> The average European is poorer than the average person from Mississippi, the US’ poorest state Mississippi has a GDP per capita of $53k. 11% of Mississippi's population has no health insurance. Mississippi is one of the highest inequality states in the US. Its median income is $30k. It's Gini Index is 49%. It has poor physical and social infrastructure by advanced country standards. Spain has a GDP per capita of $3…
I know several Spaniards who emigrated to the US, including my sister-in-law. The situation you describe is… one of statistics and not reality
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The system that allows very wealthy to exist is also the reason the US has the highest class mobility among western nations. Also, on a purely pragmatic note, capital is mobile. If you penalize the rich, they just move, and then the new system will stop class mobility.
What is the incremental value of having a rich person around? Increased yacht sales?
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> Thats no theory, thats life. It's inflation, which is caused by deficit spending. The US didn't have inflation before 1914.
That is measurably untrue and it took me about ten seconds of searching to find it. https://www.billmeridian.com/articles-files/inflation.htm and many others. Historically I know you tend to argue pretty dishonestly but this was pretty easy to find and so either you're lying or didn't bother doing any research past reading Ayn Rand. Also, prices spiking up from incompetent threats of tariffs and not coming down are c…
https://www.businessinsider.com/chart-inflation-since-1775-2...
> It is probable that in 1913, while financial panics were not uncommon, high inflation was still largely seen by the founders of the Fed as a relatively rare phenomenon associated with wars and their immediate aftermath. Figure 1 plots the US price level from 1775 (set equal to one) until 2012. In 1913 prices were only about 20 percent higher than in 1775 and around 40 percent lower than in 1813, during the War of 1812. Whatever the mandates of the Federal Reserve, it is clear that the evolution of the price level in the United States is dominated by the abandonment of the gold standard in 1933 and the adoption of fiat money subsequently. One hundred years after its creation, consumer prices are about 30 times higher than what they were in 1913. This pattern, in varying orders of magnitudes, repeats itself across nearly all countries.
Not my area of expertise and no skin in the game, just wanted to point this out.
Why? Because policy was stable during Obama. Whatever the policy is, if it's predictable, businesses can work around that. This was a real problem during the Biden term when there was constant policy shifts.
We're seeing that now with the tariffs. The problem isn't the tariffs so much as it is the uncertainty. They change from day to day.
One might be tempted to think the administration is intentionally trying to crash the economy. No, they just have absolutely no idea what they're doing and there's a dementia patient in charge nobody can so no to.
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Fantastic. And tax levy for the city goes down, and cuts are made while middle class people pick up the rest of the burden. Notice your statement is a broad morale, and I'm presenting a consequence out here in the real world. The math of booting wealthy people from the city doesn't play out well for the city.