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Posted on 2/1/25 at 6:09 pm to The Boat
You think China ate all those costs?
Look, I voted for Trump 3 times, but that doesn't mean I have to like the tariffs, bump stock ban, keeping Fauci on board, the spending, the subsidies....
It's been known forever that putting up barriers to trade hurts the country that putting up the barriers. Doesn't mean a depression is going to happen, but it does mean things are worse price wise than they'd otherwise be.
Every one of you who support these tariffs must think Milei is an idiot.
Look, I voted for Trump 3 times, but that doesn't mean I have to like the tariffs, bump stock ban, keeping Fauci on board, the spending, the subsidies....
It's been known forever that putting up barriers to trade hurts the country that putting up the barriers. Doesn't mean a depression is going to happen, but it does mean things are worse price wise than they'd otherwise be.
Every one of you who support these tariffs must think Milei is an idiot.
Posted on 2/1/25 at 6:11 pm to stuntman
quote:They ate a significant % of them during Trump's tenure.
You think China ate all those costs?
Posted on 2/1/25 at 6:12 pm to Jaydeaux
quote:
So small minded of you. Tariffs/ Spend tax allow you to choose where your money is spent.
That's a good point. All the people against the tariffs truly are myopic. They think tariffs exist in a vacuum. Their little brains can't comprehend more than 1 variable. Their arguments are devoid of any concept of increased wages, purchasing power, alternative products, manufacturing power, national security.
Switching to tariffs also ensures everyone pays in, unlike the income tax system, which these same people are always complaining about, that allows half the country to pay nothing.
Add in being able to direct your taxes and using tariffs as power to wield over other countries as mentioned, and you'd have to be pretty dim to stick with a blanket argument of "tariffs bad."
Posted on 2/1/25 at 6:13 pm to stuntman
quote:A thesis applied with an absurdly broad brush using very cheap paint.
It's been known forever that putting up barriers to trade hurts the country that putting up the barriers.
Posted on 2/1/25 at 6:14 pm to NC_Tigah
Do we have a number on the "significant" amount?
And how did it help everyone here? I'm not talking about special interest groups, I'm talking about the overall purchasing power of Americans.
I know, that's a tough stat to get, because of all the variables involved, but I just cannot comprehend how people aren't grasping that our own regulations here are what's stopping tons more better paying jobs to be created.
Isn't that what we want?
And how did it help everyone here? I'm not talking about special interest groups, I'm talking about the overall purchasing power of Americans.
I know, that's a tough stat to get, because of all the variables involved, but I just cannot comprehend how people aren't grasping that our own regulations here are what's stopping tons more better paying jobs to be created.
Isn't that what we want?
Posted on 2/1/25 at 6:17 pm to stuntman
quote:>75%
Do we have a number on the "significant" amount?
Posted on 2/1/25 at 6:17 pm to stuntman
quote:
I'm talking about the overall purchasing power of Americans.
It went up under Trump. Inflation was barely over 2% and for the first time in decades, we had real wage growth. You guys forget that we've done this before and it's only been four years.
Posted on 2/1/25 at 6:19 pm to NC_Tigah
How'd they come up w/ that number? Is that just first order effects, or did they account for all the costs being risen down the line until it gets to the person who bought the product?
Legit interested. If you have a link I can check out, that would be great.
Legit interested. If you have a link I can check out, that would be great.
Posted on 2/1/25 at 6:19 pm to NC_Tigah
quote:
Do we have a number on the "significant" amount?
>75%
Says who? Where is that number coming from?
Posted on 2/1/25 at 6:21 pm to Seldom Seen
This is akin to "free shipping" with Amazon.
Posted on 2/1/25 at 6:21 pm to SmackoverHawg
And do you think that was in spite of or because of the tariffs? Or is it that tariffs all of a sudden do not impose costs on the country charging the tariffs?
BTW, you should bring back that original pic you had as your avatar.
BTW, you should bring back that original pic you had as your avatar.
Posted on 2/1/25 at 6:26 pm to stuntman
quote:
And do you think that was in spite of or because of the tariffs?
Honestly, I don't know, but I do know that we had the minimum inflation needed to keep the economy running.
I have a feeling that the domestic spending side of the equation is shrinking every day as people are being deported/self deported and funds are being cut off.
My old avatar pic got banned because of the rebel flag bikini top. I may have to make a new one, but those things are 13 years older now. Still look good though.
Posted on 2/1/25 at 6:30 pm to SmackoverHawg
Chicken is a communist, huh?
Posted on 2/1/25 at 6:31 pm to Seldom Seen
It's really no way around taxes it really is just a matter of which tax system is the least burdensome and get you the revenue that is required.
A sales tax is obviously the least burdensome.
You collect the money at the point of sale while the taxpayer has the money and not months later when they're broke.
Posted on 2/1/25 at 6:33 pm to NC_Tigah
quote:
But for example, if applied to the US corporate tax, we could be talking a 50% reduction, or more, which would render the US even more attractive to foreign and domestic investment. If applied to income tax, the reductions would constitute a lower percentage of the pie.
We imported roughly $3.3 trillion in 2022. That same year, we collected roughly $2.3 trillion in personal income taxes and approximately $425 billion in corporate taxes.
So to replace income taxes, we are looking at tarrifs in alll imports of 60-80%.
To replace corporate taxes, we would require tariffs of 12-18%.
The issue here is what happens when we impose tariffs at 60-80%? Do we honestly think 1) trade would stay at the same or elevated levels? 2) the overall economy would be healthy? It would be economic suicide to impose tarrifs at that level.
And if we want to use tarrifs to replace the corporate income tax? Why not just eliminate corporate income taxes altogether. It would be easier. And they really don’t contribute much to the federal treasury.
Posted on 2/1/25 at 6:39 pm to Seldom Seen
Posted on 2/1/25 at 6:42 pm to Seldom Seen
Rand is correct tariffs are taxes. So let’s offset these tariffs by lowering more insidious income taxes which raise the price of all goods, not just imports from a few countries.
Posted on 2/1/25 at 6:57 pm to GumboPot
quote:
Rand is correct tariffs are taxes. So let’s offset these tariffs by lowering more insidious income taxes which raise the price of all goods, not just imports from a few countries.
Just spitballing… why don’t we just reduce taxes and not have tarrifs?
Posted on 2/1/25 at 6:58 pm to stuntman
quote:
Then just deregulate the shite out of everything
Im a huge proponent of deregulation. But to think we can deregulate to the point that china and india are at (or that we should) is ludicrous. We cant have American children working in sweatshops.
And the consumer simply doesnt care enough to vote on those things with their wallets.
I agree that tariffs are a kind of tax. But they are excise taxes and a quasi-sin tax...which ultimately are the two most acceptable forms of taxes.
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