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Joined 1 year ago
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Cake day: June 12th, 2023

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  • More to the point though, I do wonder why he didn’t just pay the billion dollars to get out of the deal

    I don’t know that he’s not in it for the money.

    your first sentence explains he is not in it for money, if money were the concern, eating the 1b fine would be logical thing to do (i am not fact checking that 1b piece of information, i trust you on this).

    with his 270 billion net worth - which by the way includes assets not necessarily liquid cash

    that’s how it works, no one has 270 billion in cash

    I think the point is to destroy it so he doesn’t have to pay back what he borrowed to buy it.

    that doesn’t make sense, destroying twitter doesn’t absolve him of obligation to return money he borrowed.


  • it’s just that he could take big risks

    yes, that is definitely part of his success. and since this strategy got him to position of richest person in the world, it is pretty clear that “genius at losing money” is not really accurate description of situation.

    as for twitter, he clearly is not in it for the money, otherwise he wouldn’t be there to begin with. he originally hoped to buy position of cheered and admired hero and when he failed, he settled for a position of hated douchebag. infamous still means people know you, i guess 🤷‍♂️












  • You are either being silly or intentionally taking weird positions.

    oh i am? 😂

    the current prices are set by the market.

    yes. and when your competitor is not bound by the same regulations as you are, you may find that unfair, because he can achieve cheaper prices on the same market.

    increased conpetitors price while keeping your advantage.

    what? the current competitor’s price is lower than yours and you are trying to level the field. you are approaching the price from the opposite direction than you suggest, so what you are saying makes no sense.

    “at home” for a lot of companies is not the US.

    and the goal of the tariff is to change that.

    companies are driven by profit not feelings.

    exactly. that’s why they have no problem exploiting people and environment in 3rd world countries. if you change the rules of the game to make it profitable for them to come back, they will do that.

    No it’s not easy indeed

    i never said it is easy.

    And the competitive edge the companies have by staying in cheaper countries helps them be competitive in the rest of the world.

    yes, this is sort of a prisoner’s dilemma and lot of economic problem’s is like that in modern world. i don’t have a solution for that, but it is pretty clear that selfish strategy for everyone is not actually working for anyone right now.

    it worked?

    it worked, because farmers who got in trouble were compensated according to what you said. i am not american, i don’t know details about trump tariffs and i in no way defend trump or his implementation. i am just saying tariffs are not stupid idea. the specific implementation is what can make it work or not and you can fuck up there, i am sure.

    Did your stuff get cheaper?

    goal of the tariffs is not make stuff cheaper.



  • We benefit from cheap imports

    in a similar way you benefit from first few cheap heroin doses. so, not really.

    my country officials were bowing and saluting to china cargo planes carrying masks and syringes during covid and there were real fear they if they did not, the plane might not have landed. we had indeed no capability to produce syringes and masks at home.

    being dependent on china, which is euro-atlantic civilization’s geopolitical enemy number one, is not smart long term strategy.





  • What would stop the US mega corps from just raising their prices 19pct? Still cheaper and free profit.

    i honestly don’t understand the question. why should they do that? what’s stopping them now? what’s your point?

    Why would large manufacturers move to a US with all its pesky eco rules and labor protections if you can just stay in your current country where you invested in your factories and just have the US consumer eat the price hike?

    because you can now produce at home at a competitive price?

    Investing in a country due to tarrifs is risky, cause if the tarrifs ever go away you invested in an uncompetitive manufacturing plant.

    indeed, longterm stability and predictability is important. there are unpredictable factors in 3rd world countries the west civilization currently exploits as well, so the goal is to be more stable and predictable at home. i am not saying it is easy.

    Tarrifs will be met with counter tarrifs causing other sectors to implode. The last round of trump tarrifs on china needed to be spent on farmers in the US almost completely because china tariffed their products and their main customer base in china dissapeared over night.

    so… it worked?