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by blatantly 440 days ago
Which is like burning all the houses (including your own) so you can use your houses to buy other people's houses cheap.

This only works if you have superior manufacturing infra. To some extent the FAANGs export tech. But if FAANG is a tiny thing compared to say Toyota.
2 comments
jbverschoor 440 days ago
"Pay with digital dollar, and you don't have to pay tarifs". Problem solved. Demand for digital dollar will grow, but can also be used for normal dollar transactions. Therefore the USD will devalue, and gone is the national debt.

/s/digital dollar/bitcoin or trump coins or doge coins

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blatantly 440 days ago
This make no sense. Tariffs are paid by the supplier who is receiving money from the US customer. Are you saying if they pay the tariff in doge coins the tariff is zero doge coins?

As for other polices that "punish USD" "reward MagicCoins" ... well the market would hopefully see both currencies as crap and use Euros or Yuan. Or maybe new currency baskets will emerge to decentralise power.

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jbverschoor 440 days ago
No.. the tariffs are paid by the US importer/distributor (Target, Walmart) who is buying from the foreign supplier (Fererro from Nutella). The importer/distributor will charge the extra + margin to the US consumer. The supplier in the EU or China will pay exactly 0 buckazoids.

So basically in the US, Nutella will become only a luxury food!

My point about creating a new currency is that I wouldn't be surprised if they would allow certain transactions to bypass some regulations.

You know the US already pulled a trick on the dollar about 50 years ago, right?

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praptak 440 days ago
> To some extent the FAANGs export tech.

Speaking of FAANG - EU has been considering proper taxes on the digital economy for some time already[0]. I guess this will speed up the works on this.

[0]https://www.consilium.europa.eu/en/policies/digital-taxation...

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