Comments by "Debany Doombringer" (@debanydoombringer1385) on "MentisWave"
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Tariffs only work when they're targeted. Japan, for example, has a 10% tarrif on the rice the US imports to them. It's to protect their own rice producers. Otherwise, the US could flood their market with cheaper rice, destroying their local rice farmers, and then jack the price up because they're now dependent on the imported good. Essentially, what China has done in the US. If the maple syrup guy in the example put their prices up to match the Canadian one, they're bad at business. The price might increase, but not to match the Canadian one because if theirs is cheaper, they'll get increased demand and make more money. Whereas if they increase to match the Canadian brand, they wouldn't make as much as they would if they kept it cheaper because they'd price out some of their consumers. As long as regulations are cut along with the tarrif, it also opens up the market for a new company to form to fill in the gap because it's created an opportunity.
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IQ is potential. Take me as an example. Heck, most of my family. We all range between 130-150 IQ. None of us have been scientists, have invented something, or done anything special. My oldest is 160+ IQ. He works in operations at an oil refinery. My IQ is 138. My contribution is being a stay at home wife and mother. We've all preferred hands-on type work. So we've all been farmers, ranchers, gardeners (I'm a master gardener and enjoy design), carpenters, etc, and very knowledgeable in those areas. When we do find something that piques our interest, we'll read everything we can find on it. Studying and learning about it like we're getting a masters degree in it. We end up with vast amounts of knowledge in various areas outside whatever we've chosen to earn money doing. We've all been creative in one way or another. Both of my sons are musically gifted and could have gone into it professionally. I'm into fabric art and crafting and work at expanding my skills in areas adjacent to that. My mother loved interior design and all forms of decoration (cakes, knicknacks, ceramics, etc). Both my grandfather and father loved woodworking and building things. Those are the skills we'd work on and master outside work. Continously improving our skills in them. That's basically what the majority of higher IQ people do because it's not about making money. It's about learning and improving our knowledge and skills in whatever area we enjoy.
Sorry for the book, but I was trying to sort of explain in detail using my own high IQ family as an example of how it typically functions in the real world.
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Owning land has always been an investment. That's why it factors into your net worth. It has intrinsic value. Nobody "convinced" anyone of this. It's been understood since Kings granted land as a reward. You're going to need to first prove that it's artificially inflated. Prices started going up during the pandemic. Not just to, but because mass migration began out of certain areas into other areas. NYC and really all major cities houses have always been more expensive because there's very limited land. Add in zoning and massive, unneeded regulations, and it skyrockets because each regulation adds expense to the building process. The migration I mentioned is still taking place. As people move from one area to another, it creates scarcity in the new area driving up prices because the need is bigger than the supply. Prices will drop as either new houses are built or the migration slows. The idea that it's everywhere is also false. My 25 year old purchased his first house last year for $70,000. It's about the size of our first home which was $50,000 20 years ago. Given inflation, that's not a huge increase.
Edit: His house also has an attached 1 car garage which increases the value by $5,000-$10,000 which ours only had a carport. So it's not really more expensive than our first house. Given inflation, it was probably even a bit cheaper. Too many people want houses that are over 1,500 square feet too which the bigger the house, the more expensive it is. Since that's what the market demands, that's what gets built. Our first home and his first home were both around 1,000 square feet and over 50 years old which decreases the value/cost.
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