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re: Tariffs are taxes on American consumers
Posted on 6/16/18 at 9:56 pm to Powerman
Posted on 6/16/18 at 9:56 pm to Powerman
quote:
Which might beg the question: if we're getting screwed this bad and have been for so long then how do we manage to have by far the world's largest economy?
Same way Bama went to two NC games with Jalen Hurts as QB, more talent and resources. But they had to change things up to win it all. Was it a risk? Was staying with Hurts the safe play? No. So there was more risk in maintaining the status quo so Saban made the move. Of course he's praised because it worked, but had it not...it still would've been the right move. Same here. And if our economy thrives, so will those of our trade partners.
I think there is more risk in staying put than in trying to reset the table just a little.
0
Posted on 6/16/18 at 9:57 pm to Colonel Flagg
quote:
Do you not think from a big picture view it is better for the US to have things like manufacturing in this country?
Of course I think we should have manufacturing. My livelihood is closely tied to such industries.
These tactics didn't work when Obama did them and he was rightly criticized for it. Why is it taboo to critique it now?
Posted on 6/16/18 at 9:57 pm to TBoy
Cry baby cry!
Posted on 6/16/18 at 9:57 pm to Powerman
They are working sir.
Posted on 6/16/18 at 9:58 pm to TBoy
quote:
Tariffs are taxes
So long as they are done by GEOTUS, they are manna from heaven.
Posted on 6/16/18 at 9:59 pm to Jjdoc
quote:
They are working sir.
There isn't any evidence to support that claim at the moment
Posted on 6/16/18 at 9:59 pm to TBoy
quote:
Why aren’t the anti tax people getting excited about this?
Because they're not. They're a way to protect the standard of living in a first world country from predation by slave labor in the third world.
Posted on 6/16/18 at 10:02 pm to Boatshoes
quote:
Because they're not. They're a way to protect the standard of living in a first world country from predation by slave labor in the third world.
And just like social safety nets can cripple an individual more than they help by creating dependency so can these policies stifle innovation which is what we really need to compete long term.
Posted on 6/16/18 at 10:03 pm to TBoy
Giving away our economy is treason.
Treason>taxes
We lost the trade war decades ago, Trump is trying to slow the leak
Eta: why do you hate American manufacturing jobs for millions of Americans?
Treason>taxes
We lost the trade war decades ago, Trump is trying to slow the leak
Eta: why do you hate American manufacturing jobs for millions of Americans?
This post was edited on 6/16/18 at 10:06 pm
Posted on 6/16/18 at 10:04 pm to asurob1
quote:Dude.... I AM ON YOUR SIDE ON THIS ISSUE
Come on Michigan...get in the game.
We end up paying the tax in form of higher prices
but we are NOT the ones writing the check to irs
Posted on 6/16/18 at 10:13 pm to Powerman
quote:
These tactics didn't work
What would be considered succeeding or failing?
Posted on 6/16/18 at 10:14 pm to Colonel Flagg
quote:
What would be considered succeeding or failing?
that's probably a question to be asked of the person willing to tax american businesses and consumers for some end
and in lieu of that, people who support said taxation
This post was edited on 6/16/18 at 10:15 pm
Posted on 6/16/18 at 10:16 pm to 90proofprofessional
quote:
we tax all kinds of stuff with high elasticities, the statement about assuming inelastic is nonsensical
If they have high elasticity, how does price affect them? If the assumption is that higher tarriffs lead to higher taxes paid by consumers, the assumption must be made that the goods will be purchased no matter what, implying price inelasticity.
If higher tarriffs didn’t lead to higher taxes, that means that the goods wouldn’t be purchased, thereby implying that they are price elastic.
Not sure why that is considered nonsensical to you.
Also consider the side effects of tarriffs, such as possibly higher domestic production and the jobs that result from it. Money stays in the US and has a multiplier effect rather than leaving the country and contributing to trade deficits.
Posted on 6/16/18 at 10:16 pm to TBoy
quote:
Tariffs are taxes on American consumers
That don't have jobs
Posted on 6/16/18 at 10:17 pm to TBoy
quote:nope
Health care costs are premiums
Posted on 6/16/18 at 10:19 pm to TerryDawg03
quote:
If they have high elasticity, how does price affect them? If the assumption is that higher tarriffs lead to higher taxes paid by consumers, the assumption must be made that the goods will be purchased no matter what
nope
if not driven by the willingness to just not buy a thing, high elasticity must be by definition driven by availability of substitutes
if a tariff results in a buyer shifting to their not-first choice, it makes them worse off. just like it is for any tax that isn't even-handed
saying that you must assume inelasticity for a tariff to be a tax is nonsensical, full stop
This post was edited on 6/16/18 at 10:22 pm
Posted on 6/16/18 at 10:23 pm to Powerman
The evidence is there. The world is changing the way they trade with the USA because they have to have our purchase power.
Posted on 6/16/18 at 10:23 pm to gthog61
quote:
WHen you make a fricking dumb shite post
This has been a productive discussion, except for this crackhead ^^^
Thanks for the discussion.
Posted on 6/16/18 at 10:23 pm to Jjdoc
quote:
The world is changing the way they trade with the USA because they have to have our purchase power.
by hitting us with retaliatory tariffs? awesome
Posted on 6/16/18 at 10:24 pm to TBoy
quote:
My payment goes to Blue Cross.
And if you choose not to have health insurance, where does your payment go, under ACA rules?
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