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by etherealmachine
2000 days ago
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Just want to point out that US states aren't allowed to run a deficit, while countries are, so I mostly agree with this but this hamstrings states like Oregon who aren't allowed to provide relief for strict measures through debt. Also Oregonians would have to still contribute to the Federal government via taxes, essentially stealing more money from this plan. |
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NZ is not a state, but instead has a precarious relationship with the USA and other countries, which can ban-hammer us for things it really shouldn’t have any say in.
A better example: “Since Canberra pointedly demanded an investigation into the origins and spread of the coronavirus, the number of Aussie businesses being squeezed in China has exploded. Crates of Australian rock lobsters have been left to rot at a Chinese airport, and mountains of coal have been stuck in Chinese ports. Beijing turned the screw again, hitting Australian wine exports with punitive tariffs of up to 212 percent, essentially closing off a US$1 billion market.” “Australia's virus-weakened economy is being targeted for political retribution and the two countries may be sliding into a shadow trade war.”