Lone Candle
Champion of Truth
Trump’s EU trade deal is only a win if a 15% tax on imports from Europe is a win. Things from Europe being more expensive, and importing companies making less money, are bad for the economy and the people in it.
https://www.youtube.com/watch?v=T6htfcWxknU
Existing economic theories are based on scarcity, but a lot of scarcity of key needs are imposed by powerful actors and are not an inherent part of the world. There’s enough food for everyone. There’s enough healthcare resources and home-builders to provide for everyone. But, these goods are based on profits and profits are best maximized not by providing for everyone, but by tailoring services to those with money.
https://www.youtube.com/watch?v=YR2FcHoQLlU
“The law transferred wealth from workers who lost their jobs to those who didn’t.”
https://reason.com/2025/07/16/californias-minimum-wage-hike-cost-18000-fast-food-jobs-as-employment-ticked-up-in-other-states/
“The revenue undoubtedly came from a surge in imports to the U.S., which led to payments that filled federal coffers. It would seem to be a win for an administration that has staked an awful lot on waging a trade war with the entire planet to (take your pick) redress wrongs done to America, raise revenue for the government, and encourage domestic manufacturing and employment. But that victory lap comes too soon; the tariff windfall more likely represents efforts by U.S. firms to accumulate inventory before tariff rates rise even higher.”
https://reason.com/2025/07/18/scott-bessent-takes-premature-victory-lap-on-tariff-revenues/
The U.S., being the more innovative and intellectual property driven country, gets more value in trade from many countries even when we have a trade deficit. Trump trying to mess with such relationships is foolish. China really was/is a bad actor and needs to be dealt with strategically.
https://www.youtube.com/watch?v=vHL7Kqz9tSM
The items driving inflation are those that are subject to tariffs.
https://www.youtube.com/watch?v=ffxhsNxvrOo
Trump’s tariffs have actually retarded U.S. manufacturing rather than bolstered it due to uncertainty and tariffs raising the cost of manufacturing inputs. From the Trump tariffs already put into effect, we haven’t seen huge price jumps as companies frontloaded their inputs to buy time and haven’t yet made pricing decisions.
https://www.youtube.com/watch?v=USjlhMDX90w
Two percent of working Americans get tips. If you are a waiter who gets tips, you get a tax cut, but if you are a dishwasher who doesn’t get tips, you don’t get a tax cut. If you are getting tips and stay within the bill’s 25k limit, you aren’t paying much taxes to begin with.
https://www.youtube.com/watch?v=ZNjSrXnMY4Y
“One of the supposed goals of the Trump administration’s trade policies is to protect and promote American-made products.
Greg Shugar, who owns a business that does make things right here in America, has a hard time seeing it that way.
“I’m charging more and I’m making less,” says Shugar, owner of Beau Ties of Vermont, which manufactures neckties, socks, pocket squares, and other fashion accoutrements.
While the vast majority of American clothes and accessories are imported these days, Shugar’s company, which employs 18 people, is one of the few that are cutting and sewing those products here in the United States. He told Reason last week that the tariffs have not been a boost for his business. Quite the opposite, in fact, since his products depend on silk jacquard and other materials that are imported from overseas—mostly from China but also from Italy.
Silk jacquard, Shugar explained, is made “from a very specific type of looming machine where they weave silk and it creates more of a stiffer silk, which is what you wear on your ties.”
…
Shugar’s business is a lot like many other American-based manufacturers. More than half the imports to the U.S. are raw materials, intermediate parts, or equipment—the stuff that manufacturing firms need to make things, including the silk jacquard that goes into Shugar’s ties—rather than finished goods. Tariffs are making those imports more expensive, which in turn makes manufacturing anything in the United States more expensive.”
https://reason.com/2025/07/08/the-only-winner-is-the-government-says-american-bow-tie-ceo-facing-higher-tariff-costs/
“A couple years ago, the Teamsters demanded more pay from UPS. It seemed like UPS could easily afford it. The company made almost $13 billion in 2021.
UPS used some of that money to hire more union workers. Then it offered them raises.
But Teamster boss Sean O’Brien wanted more. He threatened a strike.
UPS gave in…
Today, full-time drivers make $170,000 a year.
Good for them—for those who still have jobs.
But paying for the new Teamster contract meant UPS wasn’t as competitive as before. It raised some prices and lost business to other shippers.
Profit dropped.
In 2024, UPS laid off 12,000 workers. The next year, 20,000.
It wasn’t just the wage hikes; it’s also the work rules.
The Teamsters agreement includes hundreds of pages—limits on subcontracting, bans on employees working long hours, etc….many of which made it hard for a company to adapt and cut costs.
“These headline-grabbing union deals are delivering short-run sugar highs with long-run hangovers,” says Mercatus Center economist Liya Palagashvili. “UPS is just one example of this.”
Another was Yellow Corp—once one of the largest freight carriers in America.
Then the Teamsters threatened to strike, demanding faster payments of health care and pension benefits.
The company warned that a strike could bankrupt it.
But O’Brien kept pushing, saying, “The company has two more days to fulfill its obligations, or we will strike. Teamsters at Yellow are furious and ready to act!”
Yellow gave in. The strike was averted.
Days later, the trucking company shut down for good.
Thirty thousand people lost their jobs.
…” [Yellow Corp] was having a lot of financial issues. But if you’re on the verge of collapse, the last thing you need is a Teamsters Labor Union contract that says you have to increase labor costs.”
…
“The same year Yellow went bankrupt, United Auto Workers went on strike against Stellantis, the company that owns Chrysler. Stellantis gave in, giving the UAW a pay raise and promising to open a new plant.
But then Stellantis started laying off workers: 1,340 during the strike and 2,450 more the next year.
In 2024, the International Association of Machinists and Aerospace Workers walked off the job demanding better pay from Boeing. Boeing gave in.
One month later, Boeing announced a 10 percent work force cut.”
…
“Palagashvili says, “It wasn’t trade that killed the Rust Belt. It was labor unions. Unions in the Rust Belt were striking. Companies said, ‘Higher labor costs, tons of strikes, productivity isn’t going up, we’re going to relocate,’ and they did.”
Unions help some workers. But they hurt many more.”
https://reason.com/2025/07/09/how-the-teamsters-cost-30000-people-their-jobs/