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  • Trump’s Virtual Wall

    From project-syndicate.org

    In many ways, the Republican Party’s plan to implement a “border adjustment tax” in the United States is the virtual complement of the physical wall President Donald Trump plans to erect on the US-Mexican border. Although the border adjustment tax has not seeped into public consciousness in nearly the same way as Trump’s physical wall has, it could end up affecting the average American a lot more – and not necessarily in a good way. On the surface, the basic idea is to slap a tax of, say, 20% on imports, and to provide tax breaks worth a similar amount on exports. Most populists’ gut reaction is that this ... (full story)

Warning: oil is on the verge of collapse!! Get out of the way
Its over
Its sad to see the the focus of the populist "revolution" on demonizing globalization.
Thats not whats causing dislocation of jobs and the threat to employment..
Its TECHNOLOGY. Its AI. Its Robotisation of manufacturing and services.
In two decades cheap Chinese labor will mean nothing.
Remember what happened to bank Clerk jobs when ATMs were deployed?
Car plants that employed 10s of 000? Now same output with 2/300?
In a decade with 00s.
meanwhile everyone gets hissy and Nationistic and blaming trade for problem?
In this environment its inevitable The Rich will get richer.. And the SuperRich get SuperRicher.
As always the "People" are forever behind the curve.-
failed as ever by their politicians and media.
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Quoting cliffedwards
In this environment its inevitable The Rich will get richer.. And the SuperRich get SuperRicher.
As always the "People" are forever behind the curve.-
failed as ever by their politicians and media.
Are you the new prophet? Oooops, No. You are a fortune teller. Tell me what will happen in the next decade?
Quoting cliffedwards
Its sad to see the the focus of the populist "revolution" on demonizing globalization. Thats not whats causing dislocation of jobs and the threat to employment..
The world is already global for skillful people. If you have the right skill, you can go almost everywhere. If there is no job for people, it's useless to speak about globalization. I don't think you want more homeless people in the country.
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  • Posted: Mar 8, 2017 11:47am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,020