So I gotta ask, 104% tariffs on China?

[Kingnoob]

The USA was created by Oligarchs, and every government since has been captive to Oligarchs....

Concessions to working class, have been made whenever the protests got sufficiently strong to endanger the income, position and power of the Oligarchs... and then the minimum required to safely protect them was the negotiated position.

For all the authoritarianism of the USSR... at least good health care was free and universal, and base living conditions were guaranteed (at a very low level... but still).

The consequence with the USA has been that much of the USA, when analysed dispassionately, ranks as a third world country, with patches in and around major centers, ranked as 1st world.

30 years ago, I remember talking to a senior exec at a major IT company, and asking why data centers were located in the middle of nowhere.... his response was, the networks are good, so connectivity is not a problem, the major cost there is staff, and as the only recruiter locally, they can set the price (very low!!) and have a captive pool of employees that cannot switch to a competitor... They merely had to keep wages high enough to dissuade employees from migrating to areas where they could get far higher wages.

Capitalism only works for the rich. why do most jobs they create not pay enough to survive?.These new tariffs are going to make it even worse for the consumers who are not wealthy.

 

[isolar8001]

See Post #138

 

[Mikado463]

Capitalism only works for the rich. why do most jobs they create not pay enough to survive?..

care to site some examples ?

 

[isolar8001]

 

[dlaloum]

Capitalism only works for the rich. why do most jobs they create not pay enough to survive?.These new tariffs are going to make it even worse for the consumers who are not wealthy.

Capitalism can work just fine.... but as Adam Smith pointed out, it must be regulated to the benefit of society.
Left to its own devices capitalism merely reinforces itself, the rich get richer and more powerful, and society degrades and collapses.

Saying "Capitalism" and implying thereby that none of the multitude of shades and variations included in that term apply other than the extreme libertarian version, is rather similar to the US habit of saying "socialism" and by that implying Stalinism, and ignoring all the worldwide cases of other structures that are socialist (including most of Europe).

Baby / bathwater.

The best capitalist systems, are socialist ones.... and the best socialist systems tend to be capitalist ones....
And the two are not opposites!

 

[PhilCohen]

There are certain things that we have to spend money on: food,medicine,income taxes, rent(or property tax for a homeowner such as myself), Clothing(though I've got enough to last through my remaining years) and utilities(water,gas,electricity etc.), but audio and video equipment are non-essential luxury goods. I'm not going to pay double or triple the previous prices,to fund tax cuts for billionaire oligarchs.
With respect to buying Chinese electronic products, I'm going to go on hiatus for the remaining years of the Trump regime. In the years before my state became the next to last U.S. state to impose an internet sales tax, I stockpiled enough spare audio & video equipment to get me through my remaining years.(I'll be 69 years old in a few weeks) That spare equipment will only be used if the equipment in my present-day system were to fail,become obsolete or become unrepairable, My entire spare system includes a 7 channel power amp, enough speakers for a 7.1 system(+ 3 additional spare subwoofers), a turntable, Two 4K blu-ray players, an OLED 4K T.V. and an A/V processor. Until recently, I had been stockpiling two A/V processors, but I had to start using one of them when my old unit's HDMI outputs failed.
There is one piece of electronics equipment that I am presently considering purchasing, but it is made in Japan, and its' price is unlikely to change. and as for the 3 pieces of equipment that I've purchased in the past 3 years, the dealer paid the sales tax on 2 of them(as a way to give me a discount on products where the manufacturer prohibits discounting).
The obvious way to thwart the tariffs with respect to audio & video equipment,is to refuse to purchase at the unreasonably increased prices.