/biz/ - Business & Finance

Trump is such a fucking idiot

>>11444180
The sooner we realize pretty much all politicians are dirtbags the better.

I almost fomo'd into that dead cat bounce, thank god

>>11444180
Trump will bring Dow to 30k and you libtards will still be salty

>>11444238

t.retard

>>11444180
>orange man bad

>>11444289

LOCK HIM UP! LOCK HIM UP!

lmao and people think crypto is volatile. enjoy the dead cat bounce normies!

>>11444289
>says the economy is fake due to shitty calculations that have changed over the years i.e. part time jobs counting as “one job”
>wins presidency
>fed is crazy dude lmao, but I won’t dismantle it
>LOOK AT THE STOCK NUMBERS LOOK EVERYTHING IS GOOD NOW BECAUSE I WIN
>Starts a trade war with a country that exports more shit to us than we give to them even though tarrifs are the symptom of the problem not THE problem
>still a consumer economy
>more debt, corporate debt is even higher, national debt, household debt, student loan debt etc
>numbers still calculated the same way
>dumbass will now be blamed for the crash and the masses will vote for a socialist faggot promising free gibs
Yep def an NPC move to criticize the president

>>11444411
My god what a perfect get

>>11444168
If you're not day trading, so fucking what. Stop treating the NASDAQ like the minute chart on Bitmex, unless you're day trading. Trends, and months count, not days.

>>11444168
Guys you know interest rates are going up so reduction in liquidity. It’s going to go down. Also the stock market has been artificially been pumped up by central banks around the world.

>>11444411
Also don’t forget Americans have no savings. At least the Chinese have savings.

>>11444411
>dumbass will now be blamed for the crash and the masses will vote for a socialist faggot promising free gibs
If you didn't see the orchestrated left wing backlash the second he backstabbed his base then you're fucking stupid.

>>11444481
Yep. Lots of bad things looming on the horizon its just too time consuming to type it all up. Labor force participation is also low and its heading toward levels we haven’t seen since the early 70s. Rising interest rates of course ontop of all of this. And the fed is going to be dumping all the assets it acquired in 2008

>>11444521
Of course I saw it. Don’t be mad.

MY STOCKS
AAAAAAAAAAAAAAAAAAAAAHHHHH

>>11444411
Checked. And this. Most of the retards who think Trump is (almost) perfect are NPCs that can’t think for themselves. And no, I’m not a liberal.

>>11444539
it really doesnt have much to do with trump. It has to do with the federal reserve. The fed is going to increase interest rates, and the stock market is going to be in big trouble. They been artificially low for too long under obama.
https://www.youtube.com/watch?v=Jx1Ys1y2EiE&t=186s

>>11444539
No, I agree with you. Just saying that this has been orchestrated and is becoming increasingly obvious.

also there is huge risk right now because of the emerging markets hyper inflation, and italy is on the verge of bankruptcy. The eu could hardly handle the greece situation. Italy will be a lot more damaging.

>>11444552


AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!

>>11444670
Moral of the story : always invest in cigs

>>11444670
based philip morris

>>11444238
It only went up because of obamas policies, fuck off low iq turd

Well at least shareblue is back to shill against trump on biz and pol

>>11444809
Trump is cutting deficit while Obama had trillions of deficit you mong

>>11444834
trump increased government spending while reducing taxes dumb dumb. The deficit has gone up like another trillion.

>>11444834
how is someone this low iq.. you can literally look up the numbers

Repubs pushed the tax cuts knowing they'd cut at a later point.. the tax cuts were their top goal, not cutting the deficit. Now if they never get the chance to cut spending then guess what happens.

>>11444834

>gives out huge to tax cuts
>thinks the deficit is getting cut

holy shit this is 101 stuff, you dingbat

>>11444703
people are going to need a cig after all this red, holy fuck.

>>11444877
to be fair tho tax cuts can increase tax revenue. Canada learned the hard way that trickle down economics works.
https://www.theglobeandmail.com/politics/article-high-income-earners-paid-46-billion-less-in-taxes-in-2016-despite/

>>11444809
the interest rates are like an insurance policy, being able to lower them means you have a backup plan to revitalize investment in the economy if shit goes south.

obama had them at zero forever, and if there was any hint of raising them the market immediately took a gigantic shit. if there was any real trouble, then the market would have tanked like you haven't fucking seen before and obama would have had no recourse because he was so goddamn busy patting himself on the back, there would be no way to incentivize investment because loans were already as cheap as they could possibly be.

now, the market is still doing well under trump. there will be corrections, as always, but it is still handling the stress well, given trump's aggressive protectionist policies (which are sorely fucking needed) and the raising of the interest rates. there will always be bitching and moaning when free money is taken away, but it will be fine. now fuck off back to r/politics, dickhead.

>>11444904
>tarrifs which are sorely fucking needed
Really?
http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

AAAAAAAAAAHHHHHHHHHHHHH

>>11444927
in any aspect of life, there will always be pain before things are better. you have to exercise to gain the benefits of fitness. you have to study to gain the benefits of education.

globalisation and the rape of the american markets by foreign powers, with no answer, will only lead to the eventual downfall of the united states. we provide global security to the west, we secure international trade routes, our navies patrol the seas and our planes control the skies to protect the shipping vessels of ungrateful allies in the west.

jobs and revenues aren't the only thing at stake here.

https://www.youtube.com/watch?v=o--FmUXHPKE

>>11444824
Fuck off Kushnigger.

>>11445061
Steel tariffs have happened before under bush, and it was proven that it causes a net job loss. I can understand in regard to china, but even so.
One thing most Americans cannot grasp is that these protectionary method undermine the dollar. The usa's biggest asset is that the us dollar is the world reserve currency. All these sanctions is encouraging the dedollaring of the world. Even big us allies like germany are thinking of dedollaring. Iran and Venezuela have already rid themselves of the us dollar. If you guys bully china and russia too much they will also follow suit. Also dont forget that china owns most of your debt.

>>11444927
Wanna explain all the other layoffs before the tariffs?

>>11445128
Burgers are too stupid to realize this.

Dollar collapse incoming

>>11445128
>Steel tariffs have happened before under bush, and it was proven that it causes a net job loss.
No, corporations learned a long time ago if they throw a big enough tantrum the government will cuck out and they won't have to pay tariffs or rehire their cut work force.

>>11445128
>The usa's biggest asset is that the us dollar is the world reserve currency.
That's not an asset of individual Americans. Just the government and large corporations who need cheap loans from foreign countries.
>Also dont forget that china owns most of your debt.
Objectively false.

>>11445137
because americans make shitty cars

>>11445199
just like how tariffs dont benefit the average american. Tariffs are a form of tax.
>>11445137
You know more jobs use steel and aluminum to make value added products than the jobs used to make a steel and aluminum right?

>>11444670
Remember February?

>>11445236
>just like how tariffs dont benefit the average american.
They do. They protect the businesses in our society that won't/can't lower their health and safety standards to third world tier levels.

>>11445257

DELET THIS!

>>11444834
I don't usually post on 4chan but seeing shit like this actually enrages me. Please tell me you don't vote. Being this misinformed makes you basically a plague on society. Imagine if everyone voting had their facts as ass backwards as you. What is the outcome there?

>mfw had sqqq calls

>>11444896
>Finance Minister Bill Morneau’s office told The Globe and Mail that the drop in revenue from high-income earners appears to have been a one-time event. Because the changes were announced in late 2015, before the year was done, taxpayers had the opportunity to shift income into the 2015 tax year, sheltering those funds from the higher 2016 taxes. As a result, the government says tax revenue was higher in 2015 and lower in 2016. A spokesperson for Mr. Morneau said early indications are that 2017 will show “a substantial rebound” in revenue from high-income earners.
Not surprising that someone who was fooled into thinking trickle down works was not able to read an entire article

>>11445292
>What is the outcome there?

Orangeman gets re-elected

>>11445292
kys butthurt faggot

>>11445236
>You know more jobs use steel and aluminum to make value added products than the jobs used to make a steel and aluminum right?
And what will prevent them from being outsourced to the same countries that make the raw goods?

>>11445304
>trickle down
Pick up an economics book.

Trumpniggers piss me off, but what makes me even angrier is leftists using neoliberal and lolberg talking points.
You're ideology is a fucking meme if you can't stick to it for a few minutes.

>>11445271
Increased prices on everything particularity consumer goods is a regressive tax on the poor. Yes, some jobs will be saved.
Also dont forget that these protectionist policy disrupt the global supply chain management. This will greatly reduce productivity and again increase prices. Your computer for example all those components are made in different countries using global supply management for greater efficiency. To just overturn all that at once will be very messy.

>>11445325
please learn economics. Watching thomas sowell and milton Friedman.
https://www.youtube.com/watch?v=nZPDpk8NA-g

>>11445201
Good trucks though

>>11445304
>>11445325
Wrong reply

>>11445311
Sure that can happen, but that is more of a problem of the business environment in america. It is very hard for american companies to compete because of government interference and high taxes.
True free trade is whats best for the consumers. With free trade it allows market forces to work their magic and bring prices and better products/services. When competition is throttled it takes away incentives for companies to become more efficient and reduce prices.

>>11445311
also with automation the factories would move back to the usa anyways so they will be closer to the market.

https://www.youtube.com/watch?v=rc-bELgAowU
Libs get triggered that trickle economics is real

>>11445353
>>11445427
The fuck are you doing.

>>11445335
>Increased prices on everything particularity consumer goods is a regressive tax on the poor.
At worst it's a tax on everyone. Trying to frame it as a "regressive" tax is rhetoric tier garbage. Where are you mimicking that line from?
Besides, if we lived in a world where we didn't have to compete against countries with terrible treatment of workers, then prices would be higher anyway. Yes the global supply chain blah blah, it'll re-adjust.

>>11444444

>>11444834
This perfectly demonstrates how far gone /biz/ is.

>>11445442
How is it not a tax on the poor more than other classes? The rich aint buying cheap Chinese product, or cheap imported food products.

>>11445325
Trickle down economics is one of the dumbest fucking things I’ve ever heard, even worse than Keynesianism. Mr. Goldberger is not gonna give you any of his money and neither is the CEO of Morgan Stanley, instead they’re going to take out a big fat short on the US dollar and inflate it to the fucking moon while secretly moving their massive stash of gold to Belize.
Income tax is also retarded, not because of muh trickle down bullshit, but because the gov doesn’t have the right to steal 50% of your fucking wage. Taxes nowadays have nothing to do with economics anyways, it’s all politicized so Mr Orangehead gets his re-election.

>>11445507
>How is it not a tax on the poor more than other classes?
Because you're claiming that a price increase on the poor means a higher % of their income goes to just living, while that's true, it's dishonest, because in general poor people will always pay a higher % of their income, because they're fucking poor. Being poor is a regressive tax on yourself.
> The rich aint buying cheap Chinese product
Yes they do, just not the exact same ones that the poor people buy. "Cheap" doesn't mean under $20. It just means cheap relative to others.

Shit dude, do you consider Health and Safety regulations to be a regressive tax on the poor? How about border control? We could open our borders to every third world country and flood the labor supply. We could require no obligations from workplaces to not end up with dead workers after every shift.

>>11445556
>Trickle down economics
Pick up an economics book.

>>11445611
It didn't work in the 80s either.

>>11445611
Call it reaganomics if you want, doesn’t make it any less retarded

>>11445643
What, picking up an economics book or buzzword-that-shows-ignorance-of-basic-economics?

>>11445661
I didn't realize that cutting taxes didn't exist as a concept before Reagan.

>>11445669
Just trickle down economics, tagged the wrong post. Counting on the top to move money down is comically bad design because the rich don't give a shit about the poor

>>11445602
rich people dont shop at wallmart. All prices in wallmart are going up.
>>11445643
You do know that the income tax rate on the top 1 percent used to be like 91 percent?
https://www.youtube.com/watch?v=rc-bELgAowU
Please watch this video. There is real metrics you can follow based on the tax cuts that happened by 4 presidents in a row.

>>11445700
>trickle down economics
>the rich don't give a shit about the poor
>economics
Why are you people so allergic to economics textbooks? It's not fucking complex shit dude. If you would just learn the basics you'd see how retarded the shit you keep spewing is. You'd understand why anyone who types "trickle down" doesn't understand what the fuck they're talking about.

>>11445764
>rich people dont shop at wallmart. All prices in wallmart are going up.
You're shutting down your brain and tunnel visioning on me.

>>11445770
Well I'll admit I'm not a mensa candidate. But it seems like cut companies and the rich a break so that they can in turn take care of employees with monetary benefits that ultimately stimulates the economy because people in theory have more money and spend more money.

>>11445764
He doesn't think the Democrats could have moved toward higher taxation on the rich because wealth disparity is getting worse and worse?
Very informative video, I just don't get how Sowell doesn't attribute changing markets and wealth distribution as the cause of the shift in tax policy

>>11445814
>that they can in turn take care of employees with monetary benefits
jej

>>11445793
your post here
>>11445602
was honestly one of the most retarded things i've ever read on this website

>>11445824
Yeah that's my point, once the top has it it isn't going Anywhere.

>>11445793
I am just saying that increasing the price on consumer good effects the poor more than the rich. Also the poor are more likely to buy cheap imported products.

>>11445828
And yet you rebut nothing. I expect nothing less from a "trickle down" poster.

>>11445886
>>11445886
do you know that you literally make no sense?
Please try to find one credible economist who agrees with your stance.

>>11445934
So now you're appealing to authority? Did I overload your brain and now you're running to your experts?

>>11445957
I dont think you have finished high school yet.
Overlord my brain? kek. You might think that your marxist spewing make you seem smart, but it really doesnt.

>>11445814
>Well I'll admit I'm not a mensa candidate.
You think you have to be smart to understand the basics? Is this why so many of you are fearful of the economics textbook?

>>11445985
>your marxist spewing
Haha, so now I'm a marxist.
>make you seem smart
I'm not smart, you all are just dumb, apparently.

>>11446010
study economics and then come back to me because you have not made one educated point.
I have a degree in economics, and have learned more from youtube and other services than I have from school.
What experience do you have in economic theory?

>>11445995
What about the rest of the post? Cherry picking the self dedicating part only isn't helping us dummies kek

>>11445886
dude I have gay dreams about marx, I don't know where the fuck you stand politically but what the other guy was saying about a tax on the poor being a regressive tax is 100% right

>>11446055
Flex your knowledge then. Tell me where I'm wrong.
>>11446072
Tax cuts means more money is kept. More money generally means more spending/investment. More spending/investment means expansion of economy (bigger/more businesses). Expansion of economy means higher demand for workers. Higher demand for workers means workers are paid more (assuming labor pool isn't flooded to match the increase in demand).
The part of "trickle down" that doesn't make sense is not the tax cuts, it's the non-economics part that claims rich people will do things out of good will, rather than because they have to, else lose out. If you give tax cuts to the rich and it does nothing for the little guy, it doesn't mean rich people "broke" their promise or some gay shit. It just means something in the chain didn't turn out right.
>>11446078
>dude I have gay dreams about marx
Thanks I didn't ask, and didn't want to know.
>being a regressive tax is 100% right
No, it's hyperbole. Answer me this, are any government caused increases on the cost of goods for the poor (such as workplace safety requirements, or border control), a regressive tax on the poor?

>>11445104
Kek did they cut your funding again?

Pretty weak showing from you guys despite that big blue wave that's supposed to be on its way

Tariffs are not about trade, but about stopping the made in 2025 plan from being successful. Just fyi not that i expect any of you brainlets to pick up on this.

>>11446432
>Tax cuts means more money is kept. More money generally means more spending/investment. More spending/investment means expansion of economy (bigger/more businesses). Expansion of economy means higher demand for workers. Higher demand for workers means workers are paid more (assuming labor pool isn't flooded to match the increase in demand)
You just explained why trickle economics works. Its not about rich people doing good things out of the goodness of the heart. Its about rich people wanting to make more money by being able to invest more of their money into the economy so they can hire more people.

>>11446432
point was i'm far from a "trickle down poster"
>Answer me this, are any government caused increases on the cost of goods for the poor (such as workplace safety requirements, or border control), a regressive tax on the poor?
not sure how that is a tax. Also, it wouldn't matter, because you can have some forces that disproportionately affect the poor, but the more you add, the worse it gets. There's balance in everything.

>>11446682
I'm not against tax cuts for high earners. I'm against calling it "trickle down economics", because it implies that it's a whole package when in reality it's just tax cuts. It's a meme buzzword. You shouldn't be giving people a label to demonize like they do. There's a reason why "trickle down" mostly posted by people against tax cuts for the rich, not for them.
>>11446697
You're a trickle down poster because you use the term to attack tax cuts.
>not sure how that is a tax.
If tariffs make foreign products too expensive, requiring people to buy American-made stuff, then how are tariffs a tax?
> There's balance in everything.
Copout.

>>11446797
You can call it whatever you want. Trickle economics is just a buzz word. The main point is that its bad for the economy when the government takes money from the highly productive people and redistribute it to low productive people. The government is very wasteful and inefficient in allocating resources and tend to be wasteful. The governments only goal is to become bigger and bigger and interconnect everything in bureaucracy.

>>11444238
If you think only "libtards" hate this orange retard, you're even dumber than the orange buffoon.

>>11446797
>If tariffs make foreign products too expensive, requiring people to buy American-made stuff, then how are tariffs a tax?
I am trying to give you the benefit of the doubt, but somethings you are saying are incredibly stupid.
Forcing people to buy more expensive american products means that products are more expensive. That means that consumers have to spend more money on products in their daily life. Meaning they have less money just like a tax.
Are you a troll?

>>11447186
Don't enter into another conversation when you've barely participated in the one that was for you.
>Shit dude, do you consider Health and Safety regulations to be a regressive tax on the poor? How about border control? We could open our borders to every third world country and flood the labor supply. We could require no obligations from workplaces to not end up with dead workers after every shift.
Answer this.
>Are you a troll?
You call me a troll, but I'm starting to think you might either be a woman, or some old dumbfuck. All you do is avoid addressing anything I say to you, appeal to authority, or repeat things as if you're reciting things from memory. You CLEARLY don't have an intuitive understand of economics, which is why I think you might be a woman or an old man.

>>11447260
Man I have answered everyone of your points and been in the conversation since the beginning so idk what youre talking about there.
>We could open our borders to every third world country and flood the labor supply.
Nothing wrong with that as long as the us gets rid of the welfare system.
>Safety regulations to be a regressive tax on the poor
>We could require no obligations from workplaces to not end up with dead workers after every shift.
Do you know that prior all these regulations the work place were self imposing these standards, and improving working hours.
That is because the free market fixes these issues on its own.
As an employee you can choose to work for or not work for an employer. You can choose to work somewhere else. The employee marketplace is subject to the market forces of competition to you know.
Lets say for example you are an employee that wants to work in a show factory. For simplicity sake there are two factories that you can work at. One of these factories has unsafe working conditions and works there employees for too many hours. The other factory has self imposed safety standards and has a 40 hours work week with both paying similar wages. Where would you decide to work at?

>>11447260
employers need to be able to attract employees the same as employers need to attract customers. The law of supply and demand is very relevent to this scenario. Without so much tax and regulation stifling business there would be a lot more small and big businesses being able to compete in the market place, and therefore more jobs and employees would be able to negotiate their terms based on their skill levels they can offer to their employer.

>>11444809
>It only went up because of obamas policies

Yes, the legal gay marriage in every state policy is finally paying off.

>>11444411
based double-triple-double get of truth.

>>11445602
>implying average americans want to work for 8 dollars and hour at some mom n’ pop store
illegal immigration is the only thing propping up small time business and keeping them profitable. trumpanzees are so fucking clueless about the actual market of things. Most trump voters don’t even bother to support local businesses and buy difectly from walmart or other retailers that buy chinese goods anyways. go pour some dogshit into your skull, you might actually have some biomass in that empty head of yours.

>>11446682
>trickle economics

Never worked. We have 40 years of data on this bitch, its was a scam that blew up the deficit Thanks republicans

>>11445325
>>11445770
>>11445995
>>11446432
Imagine preaching to others about reading only to spout some intro to supply side garbage lmao

>>11444411
Checked, based and redpilled.

>>11444834
>Imagine actually believing this when a smiple Google search instantly proves it wrong.

>>11445128
This.

>>11445309
No. Literally everyone wishes low IQ losers like you would kys. You have zero grasp of the real world and a loud mouth. Unironically the new plague to society.

>>11444834
oh wow

>>11444411
Check'd

>>11445846
The point of tariffs is to incentivize American made products. They would then be cheaper than Chinese imported good. But it's not an overnight thing. It takes time for business to commit to setting up factories in america.

>>11450743
>They would then be cheaper than Chinese imported good
By slapping a 25% tax on them ? Are you fucking stupid ?
Try a 300% tariff or a 30% VAT.

>>11450743
>They would then be cheaper than Chinese imported good.
Have you ever stopped for a while and thought about why the big companies are outsourcing production to China?
Jesus, trumptards are so retarded.

>>11444180
lol lefty lefty