What you're actually saying then, you'd increase the rate of tax.
AH my dog, finally he's got it. I have explained a few times. Specific taxes yes. What Rache did was for political reasons (votes) not economic ones, or for the good of the country. They are counterproductive.
Suddenly some of his views started to make more sense.
Some of his views certainly do - like EU not using Russion oil!
He also points out that EU VAT is rather like a 20% tariff - he's right.
China factory Labour cost $5.50 per hour
America factory cost $27.00 per hour
There was a similar comparison for VW German workers $62 an hour, Bulgarians across the border, same car, $26.
Germans wanted more money so VW said they'd close some factories, gott in himmel mit blitzen usw.
Apparently UK industry is paying 4 times more for leccy than US industry
That's cos we're all paying a fortune in extra money, to HMG and foreign producers, with the energy payment.
You are a Trump supporter
You like the over-simple, it suits you. Just because someone agrees with some things does not make them a XXX supporter.
Provided that US workers in US factories are prepared to work for Chinese level wages, under Chinese standard conditions, and the US government is willing to offer soft loans to the factory owners
No, that's the point, the tariffs make the Chinese ones so much more expensive that ...... - oh you're just troling again.
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So far we've see that what Trump says and does are different.
He wants a tariff on Canadian oil. But the US does not have some of the high MWt grades Canada has. Canada could sell that elsewhere along with the rest, as a pushback. WHat then?
I give it a year before China is producing the same 1nm size semiconductor chips as Taiwan Semiconductor makes for NVIDIA etc ( Apple, Meta, Msoft, Amazon) now using the Dutch ASML machines. They already can, but not efficiently. The American chips are ridiculously expensive, Chinese will probably be 5% of the cost. That's going to be overwhelming. Amazon can put cloud computing plant in, say, Canada. Oops.
Nobody claims to understand what'll happen.
China has many of the ASML machines already. They just haven't perfected copying. Nikon tried and gave up, too.
As has been proven, AI isn't all about the hardware either. The software and data are immense, and you CAN copy those if you know how, which can be made hard, instead of the current open-source nonsense. I expect an Einstein character may come up with ways of doing things which boggle everyone else, and that'll trump the hardware (chips).
WIthin a handful of years, the global spend on AI is projected to exceed the total GDP of the whole of Europe, and contnue growing at around 40% Compound Annual Growth Rate.
www.bbc.co.uk
