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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by tchaffee on Tuesday August 18, 2020 @08:59PM (#24206107)
They are not. In 2016 China produced about $4.566 trillion in manufactured goods. Coming in 2nd place, in 2016 the U.S produced about $3.602 trillion in manufactured goods.
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Re:Modeling a Wealth Tax by rubber_duck on Tuesday August 18, 2020 @09:12PM (#24206178)
He didn't say manufacturing output but jobs, a more relevant number for that argument would be total labor cost in the sector and it's change over time between two countries.
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Re:Modeling a Wealth Tax by tchaffee on Wednesday August 19, 2020 @04:29AM (#24208342)
That's not such a relevant number because plenty of those US jobs went to automation, not to China. There are still over 12 million manufacturing jobs in the US. About 8% of all US jobs which is a significant chunk. Easily disapproving the wild exaggeration that "all of the manufacturing jobs are in China... ".
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