Trump pushing price controls now w/cap for credit cards

Definition of socialism is an economic system in which the state maintains ownership of capital with the stated goal being the benefit of the people (compared to Fascism in which the goal is the furthering of the state itself). Ownership is a far more interesting concept. What constitutes ownership? Decision rights? Personal benefit from asset performance?

Regardless, you love to throw the phrase around when convenient. It is funny how loosely you appear to define it when it is a Democrat proposing something vs. the basically impossibility of anything, even relatively obvious socialist policies including industry ownership, of being either socialist or communist if Trump proposes it.

 

Lol... yeah, and when is corporate greed, and price gouging, something that the federal government has the right to interfere in? Does our government have the right to interfere with prices in any way shape or form?

Can our government legally, without being socialists, interfere with the price of food or energy? Tell us what give the government the right to even put regulations of trade or any commerce? Is that socialist?

 

When is China planning on doing that? Have they ever done it?

NAFTA produces less than 10% of worldwide steel. China produces about 35%, so, if your bizarre hypothetical ever comes to pass, umm, maybe buy from the countries that currently produce the majority of the world's steel?

If steel is so critical, it seems we should discourage domestic production & suck up others' supply.

 

When China decides it wants Taiwan, do we help them fight back? Did China cut exports of REM? Are you honestly saying that the US should be dependent on China for critical industries? We tried that with enriched uranium from Russia and now we are struggling to find fuel to develop nexgen nuclear facilities

 

https://www.reuters.com/markets/com...s-further-protect-domestic-supply-2024-06-29/

China prepares to choke off America's rare metal supply

 

Yeah, we need to get those greedy land owners, factory owners, etc. Welcome to the pitch of every communist takeover of a government.

Communism and socialism aren't just people you don't like. It is a philosophy. One you appear comfortable with if the people implementing it are people with whom you identify.

 

US is dismantling nuclear warheads to power next generation of reactors

 

Can you show a post of mine where I said that we should be dependent on China for critical industries. Just 1.

80% of our imported steel comes from Canada, Mexico, Brazil, S. Korea & Japan. What are talking about?

 

Nope, Trump is NOT taking my Constitutional rights from me... Kamala, on the other hand, has promised to take those rights...

 

Nothing but framing. A credit card company and an individual have the right to agree to an interest rate. He wants to take that right away.

 

So if we lose our domestic production capabilities and we lose 20% of our imports, what disadvantages dies that create if/when we have to square off with China? Do Brazil and Mexico yield to political pressure from China if we are in conflict?

 

Long time listener, first time caller here. This is honestly one to sit out if you either a Trump supporter or a fiscal conservative. Even a Trump supporter will acknowledge that he wings it sometimes - and that leads to situations like this, where he suggests the government (deep state, swamp, etc..) should involve itself in what privately or publicly owned companies do. That's AT BEST how a Trump supporter could rationalize it. He was winging it and simply said something that doesn't add up for the type of voter he proports to represent.

 

Historically, the pentagon has bought sig less than 1% of the US steel industries output. The steel that is strategically important is produced by 2 Penn plants. These plants are protected by the Defense Production Act to ensure they stay in bidness. So, what are talking about?

 

Credit card companies have been price gouging Americans since the inception of credit cards. It's past time they slowed their roll. I see nothing wrong with putting a limited-time regulation on the excess interests rates that these corporations put on their credit cards.

 

I havent seen something carry water like this since the Roman Aquaducts.

 

Define gouging in a non-socialist way.

 

Thy are gouging people...

 

Wow, people can't choose not to buy a credit card?