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Started By
Message
re: Tariffs I urge caution
Posted on 9/24/24 at 2:14 pm to Aubie Spr96
Posted on 9/24/24 at 2:14 pm to Aubie Spr96
quote:
Tarrifs are the same as any other bailout.
Indeed.
Its a tax on the consumer for "wrongthink."
0
Posted on 9/24/24 at 2:18 pm to RogerTheShrubber
quote:
think he means one solution
One solution might hypothetically involve a true top level federal spending freeze, supplementary federal sales tax, tariffs, coupled with present policy
Posted on 9/24/24 at 2:19 pm to NC_Tigah
quote:
One solution might hypothetically involve a true top level federal spending freeze, supplementary federal sales tax, tariffs, coupled with present policy
Thats multiple solutions.
Posted on 9/24/24 at 2:23 pm to RogerTheShrubber
quote:but yet, it did achieve the desired results.
Threats are worthless without the ability and desire to implement.
Because he's using tariffs and the threat of tariffs for a broader diplomatic tool than just in the economic arena.
In this example, Mexico and their troops, which was at their cost it reduced the costs on our side in manpower and deployments which in turn was (attempted to) applied to various border initiatives including the wall.
So in that case the threat of tariffs resulting in a positive economic net by reducing costs instead of increasing intake.
Now, whether that increase of net was passed on correctly instead of resulting in more spending, which it did, is a whole other thing that both of us are in agreement on.
Posted on 9/24/24 at 2:27 pm to RogerTheShrubber
quote:So your contention is someone, anyone, is proposing a unifactorial solution? Who is doing that? If it's not being done, why strawman it?
Thats multiple solutions.
Posted on 9/24/24 at 2:28 pm to NC_Tigah
quote:
Well that's a hell of a disappointing cop out answer.
It's mathematically correct.
Tax receipts will be right at 20% of GDP.
We cannot grow GDP enough to overcome the current deficits, given this constraint.
Posted on 9/24/24 at 2:30 pm to OWLFAN86
Goddamn it, Owlie.
Say it with me,
"MASS DEPORTATION!"
Say it with me,
"MASS DEPORTATION!"
Posted on 9/24/24 at 2:32 pm to SlowFlowPro
quote:yep.
It's mathematically correct.
Tax receipts will be right at 20% of GDP.
We cannot grow GDP enough to overcome the current deficits, given this constraint.
Not doing "spending cuts", especially discretionary, especially right after the Soviets dissolved (and since) has now pushed out of the realm of "cuts" into "austerity".
If we don't do austerity measures, there's only one step left.
Posted on 9/24/24 at 2:34 pm to OWLFAN86
quote:Yup.
The idea that protective tariffs can restore America’s economic greatness, based on the interpretation that they fueled our growth in the 19th century and can do so again in the 21st century. This claim isn’t just wrong; it’s dangerous.
Posted on 9/24/24 at 2:35 pm to OWLFAN86
quote:
Trump is an avowed restrictionist on both immigration and trade. And so, if a second Trump presidency brings higher tariffs and further immigration restrictions, we won’t be as fortunate as were our 19th century forebears.
He only has four years to either Make America Great Again or screw things up. So I am not worried.
Posted on 9/24/24 at 2:36 pm to 50_Tiger
quote:Where you gonna get labor for under $5/hr?
Send the tariffs. You want to make money, do it IN AMERICA.
Posted on 9/24/24 at 2:38 pm to Y.A. Tittle
quote:Same way an unloaded gun should be carried for protection.
A realistic threat of a tariff serves essentially the same purpose as an actually implemented tariff.
Posted on 9/24/24 at 2:40 pm to Taxing Authority
quote:see, that's one issue.
Where you gonna get labor for under $5/hr?
After you provide that illegal alien with all the freebies it isn't $5/hr. anymore. It's much more than that; only it is being paid by the US taxpayer with deficit spending and not the employer.
All while probably shrinking the tax intakes and % of GDP.
Posted on 9/24/24 at 2:40 pm to RogerTheShrubber
quote:
One solution might hypothetically involve a true top level federal spending freeze, supplementary federal sales tax, tariffs, coupled with present policy
——-
Thats multiple solutions.
And it would have to include capping SS and Medi in a wildly inflationary economy. Good luck with that.
Posted on 9/24/24 at 2:41 pm to SlowFlowPro
quote:
It's mathematically correct.
Tax receipts will be right at 20% of GDP.
When will receipts be right at 20% of GDP?
Posted on 9/24/24 at 2:43 pm to RogerTheShrubber
quote:
At least one of us understands classic economics. And it aint you,.
Myopic may have been too generous. I’m guessing you’re a libertarian as well?
Posted on 9/24/24 at 2:44 pm to Taxing Authority
quote:Technically, not for a decade. COLA caps would do well in the meantime.
And it would have to include capping SS
Posted on 9/24/24 at 2:45 pm to I20goon
quote:Whats the point of “protecting murican jerbs” if you have to import an entire new workforce to fill them?
After you provide that illegal alien with all the freebies it isn't $5/hr. anymore. It's much more than that; only it is being paid by the US taxpayer with deficit spending and not the employer.
The only way tarriffs work is either US workers have to get a lot cheaper (in an inflationary economy) or we have shortages of anything imported because no one wants to risk the capital to import a bunch of goods no one can afford.
Posted on 9/24/24 at 2:46 pm to NC_Tigah
quote:
Technically, not for a decade. COLA caps would do well in the meantime.
then you aren’t reducing spending by any impactful level. 
Posted on 9/24/24 at 2:46 pm to Taxing Authority
quote:
Same way an unloaded gun should be carried for protection.
What's the realistic threat of an unloaded gun?
You gonna pistol whip me?
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