The trpf is taxes. The trpf began when they began enforcing property taxes on huge land grants to railroads.
America is 2 billion acres. Improved land in 1900 was $50 so $1 taxes. 1900 gdp was 600 billion real and 30 billion nominal. So these taxes were up to 10% of all gdp.
Enron alone was the entire trpf in 2000. Collapse of the steel industry was the rest.
Trpf is meaningless because peak oil. Healthcare will collapse. Hydro will be more profitable because of shortages. Tech industry is already collapsing. Consumer staples will collapse with ag subsidies.
Consumer discretionary will collapse from military orders. Industrials will slowly decline. Materials and energy are the oil industry and will collapse.
I have posted this lots yet his is retarded and still gets baited.
The trpf reflects a small number of unrelated factors. One is resource depletion. The trpf in the 19th century was meaningless as they didn't have taxes. There was a period 1900 to 1970 nothing happened. This was because taxes were done.
After 1970 cuts in Medicare part a, commodities, and so forth. Market economcis is retarded so price increase didn't offset the loss. So profit fell in materials and material revenue also fell.
Profit in other seconds was the same. Banking did fine so Marxism is wrong. banking profit never fell and that's a major reason Marxism failed.
Adam Smith was about resource depletion. He said nothing about markets and there are literally no quotes by Adam Smith on market economcis. The invisible hand was about resource depletion and retards said it was market economcis. The invisible hand is his horror that capitalism continues functioning by NPCs even after all else fails.
America is 2 billion acres. Improved land in 1900 was $50 so $1 taxes. 1900 gdp was 600 billion real and 30 billion nominal. So these taxes were up to 10% of all gdp.
Enron alone was the entire trpf in 2000. Collapse of the steel industry was the rest.
Trpf is meaningless because peak oil. Healthcare will collapse. Hydro will be more profitable because of shortages. Tech industry is already collapsing. Consumer staples will collapse with ag subsidies.
Consumer discretionary will collapse from military orders. Industrials will slowly decline. Materials and energy are the oil industry and will collapse.
I have posted this lots yet his is retarded and still gets baited.
The trpf reflects a small number of unrelated factors. One is resource depletion. The trpf in the 19th century was meaningless as they didn't have taxes. There was a period 1900 to 1970 nothing happened. This was because taxes were done.
After 1970 cuts in Medicare part a, commodities, and so forth. Market economcis is retarded so price increase didn't offset the loss. So profit fell in materials and material revenue also fell.
Profit in other seconds was the same. Banking did fine so Marxism is wrong. banking profit never fell and that's a major reason Marxism failed.
Adam Smith was about resource depletion. He said nothing about markets and there are literally no quotes by Adam Smith on market economcis. The invisible hand was about resource depletion and retards said it was market economcis. The invisible hand is his horror that capitalism continues functioning by NPCs even after all else fails.
