Show thread history
freemymind 🇨ðŸ‡
3d ago
I only read some parts of the wikipedia article of the triffins dilemma. But I did not get why this puts pressure on the middle class. Isn't the current middle class mostly drained by the taxes, because the rich are not paying their fair share in the US?
See translation
1
0
0
0
0
Replies
satoshi jr
@satoshi jr
3d ago
Because dollars have to be exported and there's a demand for dollars outside the us the price of the dollar is always artificially high. So manufacturing which was a large source of middle class wealth was pushed out.
In contrast asset holders got to have their assets inflated as people couldn't save in dollars.
Not sure how you're defining fair share.
In contrast asset holders got to have their assets inflated as people couldn't save in dollars.
Not sure how you're defining fair share.
See translation
1
0
0
0
0
freemymind 🇨ðŸ‡
@freemymind 🇨ðŸ‡
2d ago
I do not believe in triffins dilemma. I beleave every kind of work delivers a certain value. And most productive work has so much competition today, that its price is very low. Therefore most wealthy countries request production from uprising countries, which are ok with the current market price.
For me fair share is, when the biggest profiteurs of taxes also pay the biggest part of the taxes. Very liberal.
For me fair share is, when the biggest profiteurs of taxes also pay the biggest part of the taxes. Very liberal.
See translation
1
0
0
0
0
satoshi jr
@satoshi jr
2d ago
Comparative advantage is not the same thing.
Triffins dillema is about what happens when you use a nations currency as the global reserve currency. Everyone needs dollars to trade so the dollar value goes up. Means the us manufactured goods are artificially expensive (than what would be in a pure comparative advantage) while everyone else's goods are cheap
Its not really an opinion.
Triffins dillema is about what happens when you use a nations currency as the global reserve currency. Everyone needs dollars to trade so the dollar value goes up. Means the us manufactured goods are artificially expensive (than what would be in a pure comparative advantage) while everyone else's goods are cheap
Its not really an opinion.
See translation
0
0
0
0
0