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>> We absolutely need to fund more semiconductor manufacturing. Losing that ability to China/Taiwan was just a terrible strategic mistake. The correct solution
by phkahler 4y ago
>> We absolutely need to fund more semiconductor manufacturing. Losing that ability to China/Taiwan was just a terrible strategic mistake.
The correct solution to that is tariffs. That would hurt us short term and should have been done long ago before it would have been a problem. This will add to the debt pile, so it will be with us for a long time.
- jen20 4y agoWho do you think pays the cost of tariffs?
- phkahler 4y agoPeople who buy the products. Not the entire population.
- pclmulqdq 4y agoThe debt pile won't notice an extra $50 billion. To make a meaningful dent in it, spending on entitlements needs to get cut or taxes on the middle class need to dramatically increase. Neither of those things are going to happen.
- cudgy 4y agoYes. Entitlements like this one are what needs to be eliminated. Sweet handouts to corporations so they can pump up their stock price by buying back shares is basically what this will accomplish. I wonder how many tech companies are about to pivot to chips in order to take advantage of some of this free money from taxpayers.