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Back to episode — Episode 2589 CWSA 09/06/24

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eas or bad ideas? Well in the political realm we deal with tariffs the way we deal with people, stupidly. Let me give you an example. There was a Democrat once who did some bad things and therefore all Democrats are bad. That's how we look at tariffs. Well there's one situation I could think of where a tariff would be bad which would be a tariff on a good that we couldn't get anywhere else and so…

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t the taxes should be modified to get you the optimum growth number. So if you're not looking at the total benefits of the growth over time, looking at like a 10-year period, then you haven't even done the math yet. If the only thing you're looking at is the direct tax change you're looking at a publication that's either selling you propaganda or they don't know how to do their job because the growth part's the important part. You just leave that out.

Trump isn't saying cut your taxes just to make them less. He's saying cut them so you spur the economy in all these variety of ways. You've got to measure the spurred economy. Now if you say it won't move at all, I mean I'd have to hear that argument but if you think it wouldn't change the economy at all I mean that's hard to believe. But if you believe that I suppose you should state that.

Harris has a plan of some kind of price gouging control on food and maybe meds. And of course nobody thinks that the price gouging thing is a good idea. Now I well let me modify that. If there's real price gouging then I think we'd all be in favor of doing something about it but I don't think they're going to find evidence that in the food business you might find that there was a little bit during the pandemic but I think the free market keeps their margins to a relatively reasonable level.

She wants to do stuff for housing, giving $25,000 in down payment assistance and blah blah for starter homes. That might be good. Again there's a tendency to just look what it costs and not a tendency to look at the economic benefit of it. She wants to put a cap on insulin prices. That's probably not too different than what Trump was doing. Child care credits, she wants to improve those so it makes it look like she wants to do more for child care. I mean at the very least she'd increase the tax credits. Tax policies: increase the corporate tax to 28 from 21. That would make your stock market fall in value which make you feel less wealthy which would make you spend less so you've got to calculate that which they don't of course. Then some kind of a tax deduction for startup businesses so they'd get a $50,000 write-off as long as they made money eventually. I like it in concept. I don't know if a lot of people would change their behavior because of it but you know my philosophy is if you need to solve a problem and we do, you know how to grow faster, if you've got an idea that could work well let's try it. The downside isn't death so maybe this would make a difference. So I'd be willing to try it. It wouldn't matter who suggested it. If it doesn't work pull it back. You'll know in a year. Is it worth a year of this? Probably. It might be worth a year. There's going to be cheating and graft and all that stuff, corruption, but you'll know in a year.

And then she's got to figure out how to be different from Biden I guess. That's important.

All right ladies and gentlemen the most important thing you need to know is if you get the Dilbert 2025 calendar, the desk calendar which is available now, there would be no tariff because it's made in the United States. Yeah no tariff, made in the United States. For the first time. And because it's more expensive to make it in the United States I had to cut out the publisher and cut out Amazon.com and cut out the bookstores. Now you can only get it from one website and if you go to Dilbert.com you can find the link to buy. It's right at the top. And we're not going to make a wall calendar this year. There wasn't as much demand for those. I know some of you will miss it but it'll just be the daily. And to make it even better there are comics on both sides of each day. Double the comics you've ever seen in a Dilbert comic. And if you pay a little more for shipping maybe that should take this thing out of it and I say if you're going to buy more than one it'll make

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your shipping cost look a lot more affordable. So that's happening. That's all I got for you today and I'm going to talk to Locals people privately. Hope you learned something. Did everybody learn anything about economics today? Let me ask you this question before I go. Was there anything I said about their tariffs or anything else that you said oh I never saw it that way before? Salt mines in t…

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