hmlongco

About

Username
hmlongco
Joined
Visits
98
Last Active
Roles
member
Points
2,409
Badges
1
Posts
653

Reactions

1.9KLike29Dislike100Informative

  • iPhone 17 Pro predicted to cost over $2000 because of Trump tariffs

    hmlongcohmlongco
    HiramAbif said:
    You go from "it seems like you are the one that doesn't understand how tariffs work" to writing false statements of tariffs creating the great depression and alluding to them only being tried in the 1930s.  

    The great depression was NOT caused by tariffs, and in fact tariffs have been utilized since the country's founding, and accounted for up to 95% of the revenue to the government up until the income tax was created in the early 20th century. 
    The Depression was sparked by the market crash of 1929, but the Smoot-Hawley Tariff Act basically poured gasoline on the resulting fire and what made that depression truly "Great".

    And how will tariffs generate trillions in income... when they're designed to stop people from buying imported goods?

    If we buy American... then there's no tariff income. Kind of the whole point, no?

    Nor will we be able to sell to other countries. Retaliatory tariffs and anti-American consumer backlash will see to that. See Canada for a prime example. Nor will tourists spend their dollars here. Flight and reservation bookings are down 70%.

    Result? Spiraling inflation, no income, and an extremely high likelihood of a worldwide recession.

    Finally, I hate to break it to you, but companies in a recession layoff workers. They're not building new plants and supply chains.

    So that whole "strengthen the economy" and "make America wealthy" BS?

    Yeah. It's that.
    ITGUYINSDthtmuthuk_vanalingam12StrangerstrblzrbaconstangradarthekatFileMakerFeller

  • Trump's 'Liberation Day' tariffs hit every one of Apple's international manufacturing part...

    hmlongcohmlongco
    It will take between 7 - 15 years to see factories Stateside.  

    I hate to break it to you, but companies in a recession layoff workers. They consolidate. They're not expanding and they're not building new plants and supply chains.

    So that whole "strengthen the economy" and "make America wealthy" BS?

    Yeah. It's that.
    ronnroundaboutnowwatto_cobra

  • Trump's 'Liberation Day' tariffs hit every one of Apple's international manufacturing part...

    hmlongcohmlongco
    The President should have cracked a history book and read about the Smoot-Hawley Tariff Act and how it pretty much triggered the Great Depression.

    Then again, the Great Derision was worldwide, and the halting of free trade gave way to a ton of disaffected people with no jobs and no hope. Including a Germany that was already struggling under WWI reparations.

    And which gave rise to the Nazi party, Nazi Germany, and all of the rest.

    Hmm. Maybe he did study the history of the     Smoot-Hawley Tariff Act after all.

    But regardless of that, those tariffs were met with reciprocal tariffs from around the world. Sound familiar?

    The bottom line? Everyone got poorer.

    Not wealthier.
    DAalsethwilliamlondonramanpfaffappleinsiderusermattinozdewmebadmonkStrangeDaysglnfForumPost

  • AirPods Pro hearing aid feature took six years to develop

    hmlongcohmlongco
    People complain about the lack of innovation, but most don't have a clue as to how long some of these projects take.
    AnObserverwilliamlondongrandact73watto_cobra

  • Apple's satellite plans could be stalled by Elon Musk's Starlink

    hmlongcohmlongco
    Musk's SpaceX has urged federal regulators to try and slow down or stop Apple's satellite expansion.

    I'm sure Musk's duly appointed stooge will be able to make that happen.
    SpitbathCesar Battistini MazieroJaiOh8112Strangersfrankiecoolfactorflyingdpdanoxbadmonktiredskills