General > General Technical Chat

I have the feeling that the whole trade war starts from a pile of nonsense.

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maginnovision:

--- Quote from: thm_w on May 24, 2019, 09:30:17 pm ---
--- Quote from: rstofer on May 23, 2019, 10:45:19 pm ---Which is paid for out of the $50B tariff.  Who cares?  From China's point of view, importing farm goods isn't all that important. The part that's outrageous is that we only sell China about $23B worth of produce.  How can farmers possibly lose $16B on $23B worth of business with only a 25% tariff.

With Brazil and Argentina picking up the slack in soybeans, American farmers better change crops.  They will never again be selling soybeans to China regardless of the trade situation.  Now if we could just get China to block almonds.  That would really help California!

fauxbusiness.com/markets/trump-second-round-farmer-aid-us-china-trade

--- End quote ---

So now you are realizing something fishy is going on?


--- Quote ---According to the Environmental Working Group, in the first round of bailout payments made at the end of October, 68% of the checks went to the top 10% of farm households. Perhaps more concerning, 1,000 of the current recipients didn’t even live on a farm. They are distant big city residents who never drive a tractor and are often absentee farm owners.

Forcing American taxpayers to subsidize billionaires is nothing new. Small farms make up 90 percent of all farms, yet in 2016 they only received 27 percent of the commodity payments. They only received 17 percent of crop-insurance protection payments. Since 1995, nearly 75 percent of all farm payments have gone to the richest and largest 10 percent. Farm programs shouldn’t be manipulated to transfer taxpayer money to make millionaires and billionaires richer.  Trump’s current farm bailout is a continuation of this travesty.
--- End quote ---

https://iowastartingline.com/2018/12/05/68-of-trumps-farm-bailout-goes-to-richest-10/
https://seekingalpha.com/article/4162033-u-s-soybean-exports-fungible

--- End quote ---

I didn't see anything about specific output vs payments just no. Farms vs payments. That's at best a useless metric. If one farm grows 100 carrots and another farm does 100M I'm not gonna be surprised he gets more.

windsmurf:
On China, Trump Leads a Coalition of the Unwilling (PDF below)

rstofer:
Guys, this tariff business just got serious.  It turns out that 95% of the fireworks we use for the 4th of July celebration come from China and tariffs are set to kick in some time in June.  Wholesalers and retailers are complaining that they can't absorb the costs.

Maybe they should just pass them along like every other business is going to do.  And add overhead and profit to the increased cost at both the wholesale and retail level.  In other words, double the cost of fireworks!

I live in an area outside the city limits.  In our area fireworks are illegal.  A mile away they are legal and somehow the fireworks themselves can't figure out where the limits are located.  For years the city outlawed fireworks but the retailers came up with a scam where some percentage of the profits were donated to charities.  All of a sudden, fireworks were just fine.

Fireworks terrorize my dogs so if we don't have any on sale, it works for me!

There are always a number of residential fires caused by fireworks as well as a bunch of people heading to the emergency room with blown off fingers and such.

Then there is the use of fireworks to mask the sound of gunfire.  There's a lot of shooting into the air.  Bullets come down somewhere...


BravoV:
For youngsters, all this stunt is not new ...

-> Plaza Accord

Interesting timing, CNN just posted this -> The US won a trade war against Japan. But China is a whole new ball game


Get the bottom line your self, its not too hard.  >:D

rstofer:

--- Quote from: Marco on May 24, 2019, 07:07:56 pm ---
--- Quote from: technix on May 24, 2019, 05:15:45 pm ---Where did "innocent until proven guilty" go?

--- End quote ---

People suspected of a crime are obviously detained before being proven guilty in court all the time, presumption of innocence does not preclude it ... and illegally crossing the border is a crime.

--- End quote ---

We used to release the illegal immigrants on their promise to appear at their deportation hearing.  Surprisingly, not all of them showed up.

If we were talking about a few hundred illegals, no big deal.  The thing is, we're talking about 11 MILLION+ with tens of thousands charging the border today.

We need farm workers, no debate.  But what we need is a guest worker program similar to the H1B that covers the farming seasons.  What we don't need is the entire family getting free public housing, free medical care, free education and free everything else.  If it was a few hundred, no big deal.  But it's MILLIONS.

Farming is a big industry and to some extent, we feed the world.  There are conflicting opinions on this because WHAT we export may not be the most healthy things for a diet but it's not an argument I care about.  We export about $140B in farm products.

I'm not going to do it here but, for giggles, I took 11 MILLION people and assumed how many are kids.  Then I divided by class size and came up with how many extra schools, teachers, administrators and retirement accounts the taxpayers had to fund.  Pretty interesting calculation.

This subject never gets far in congress.

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