US Politics |OT|

[Pyro as Bill]

sc94597 said:

Pyro as Bill said:

Are consumption and production linked in any way?

If the US loses steel and aluminium production then we'll all ("the West") pay the price. The scariest prospect is that China and US (Chimerica) come to terms and carve the world up. I don't want to see Australia become the new Poland.

Of course, but the implications and effects of taxes on consumption, production, capital, and resource value are different. Same thing with the various regressive and progressive versions of these taxes. And again for pigouvian vs. revenue accruing taxes. 

Or do you think the Bradford X tax has the same implications and effects as a Land Value Tax? 

If the U.S wanted to protect critical industries economy-wide tariffs isn't the way to do it. Targeted tariffs coupled with investment subsidies and R&D subsidies is the general recommendation. Now which looks more like what Trump is doing? What is he doing to the CHIPs act, for example?

US debt is funding China's potential war machine just like Germany's cheap energy funded Russia's.