this post was submitted on 04 Apr 2025
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Today I Learned

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cross-posted from: https://lemmit.online/post/5566633

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/todayilearned by /u/MechCADdie on 2025-04-04 08:19:11+00:00.

(page 2) 50 comments
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[–] [email protected] 50 points 2 weeks ago (1 children)

Great depression, and 2/3rds drop in global trade resulted.

I present also 1828 dementia https://en.wikipedia.org/wiki/Tariff_of_Abominations which started southern secessionist movements.

Unjustifiable trade attacks like all wars are bad for unity. If California or Texas has to pay $10k more per car so metal and auto workers elsewhere get high pay, national unity fractures. Everything being super expensive with no jobs because of global trade retaliations, means that Mexicans stop being a unifying problem, and those white Michigan and Pennsylvania blue collar workers cheering for Trump are the problem. Better cars elsewhere in the world become a bigger national unity factor the more protection $ is spent on inferior cars.

[–] [email protected] 5 points 2 weeks ago* (last edited 2 weeks ago)

... Ford begins furiously colaborating with Lada.

[–] [email protected] 30 points 2 weeks ago (3 children)

Tarrifs are billionaire cash grabs, nothing more. Nobody likes those. Except billionaires of course.

[–] [email protected] 6 points 2 weeks ago

Yeah, look past the self-righteous grandstanding to see it for the big wealth transfer that it is.

[–] [email protected] 22 points 2 weeks ago (5 children)

Even the billionaires are going to lose money. It's just unjustifiably stupid.

[–] [email protected] 1 points 2 weeks ago

Some, but it does work nicely as a regressive tax to offset their tax cuts. It's really hard to see who's winning in the race to destroy the global economy, someone has to right?

[–] [email protected] 4 points 2 weeks ago

Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society

[–] [email protected] 24 points 2 weeks ago (2 children)

They have enough money to coast along to buy and hoard failing companies and collect them for whenever the economy rebounds.

Billionaires have so much money, they could spend a few thousand a day and it wouldn't hurt their bank account for decades.

[–] [email protected] 7 points 2 weeks ago

The old oil money declared war on the neuvo riche tech bros.

Its an attrition war.

The majority are peeons (sic) in this new feudal trickle down economic game.

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[–] [email protected] 17 points 2 weeks ago

Every once-in-a-lifetime economic disaster I've personally witnessed has taught me that any economic loss for billionaires is only temporary.

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