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Cake day: June 10th, 2023

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  • He’s referring to how the US was incredibly tariff heavy between 1789 and the early 1900s. During this time, there was little to no industry in the US and they imported most of their stuff from Britan, which obviously wasn’t something they were too happy about. The new country went hard with the tariffs and it helped the country grow its own domestic industries.

    Of course, it’s not the 1800s anymore and expecting that implementing the same government policies from that time will make the country better is idiotic. This is a way to fund tax breaks to billionaires and corporations by heavily taxing the average American and having them think it’s patriotic.


















  • I’m actually impressed by some of the critical thinking going on! Some are saying this would cause more US based steel manufacturing while others point out nobody is setting up a company when even Trump himself can’t commit to keeping the tarrifs in place for 4 years. However, nobody is discussing why there needs to be more US based steel production.

    What is bad about importing steel? An American factory producing steel and an American factory producing cars from imported steel are both American factories. Why is it so important for the US to produce all of their steel domestically?



  • Much of the economy only works because people believe in it. The UK had an economic crisis in 2022 when Liz Truss, Prime Minister for 50 days, passed a budget so terrible it tanked their stock market.

    The budget included enormous tax cuts for the highest tax brackets, resulting in a £60 billion budget deficit, all while there was a cost of living crisis for the UK’s poorest. UK stocks plummeted so much over the thought that the Prime Minster had no idea how to manage the economy that it caused “safe” investments, like retirement funds, to start failing. The UK central bank stepped in and said they’d print money in order to keep safe investments liquid which likely stopped the UK from experiencing a great depression. Liz Truss resigned because of the fallout.

    It’s not an exaggeration to say that Trump hinting that the government might not honour their debts could collapse the economy.