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Message
re: Tariffs I urge caution
Posted on 9/24/24 at 2:46 pm to Taxing Authority
Posted on 9/24/24 at 2:46 pm to Taxing Authority
quote:
Whats the point of “protecting murican jerbs” if you have to import an entire new workforce to fill them?
I've asked them many many times and they cant answer.
All they've done is created new jobs for immigrants.
0
Posted on 9/24/24 at 2:53 pm to Taxing Authority
quote:SS is in surplus. It will be for another 8-10yrs. It was just gifted the largest COLA in over 40yrs. Reality is that at current revenue levels and structure, SS will run at a 20% deficit for the next century.
then you aren’t reducing spending by any impactful level.
20% ... so let's see.
For 2023, the COLA was 8.7%.
For 2022, the COLA was 5.9%
For 2021, the COLA was 1.3%.
For 2020, the COLA was 1.6%
There's 17.5% toward the 20% in just 4 years.
Posted on 9/24/24 at 2:54 pm to OWLFAN86
As a country that imports FAR more than we export, we completely rebuilt post-WW2 Europe and Asia on the back of the U.S. market. We did it to keep our Bretton Woods partners happy during the Cold War because we needed them strategically. We don't now. I'm not saying that we should never import things, but too many countries, particularly China, have been taking advantage of our generosity for decades.
Posted on 9/24/24 at 2:55 pm to NC_Tigah
quote:Thats not the issue. The issue is it plus media are such a huge share of the total spending that exempting doesn’t actually cut that much.
SS is in surplus.
This is like saying w”I have no money for my electric bill but it’s OK because I still have money for my credit card bill.
The game of pretending that government funding isn’t fungible is over. We’ll, it should be.
This post was edited on 9/24/24 at 2:57 pm
Posted on 9/24/24 at 2:59 pm to Taxing Authority
quote:As opposed to cheaper imports from non-tax contributory domiciles, which stymie GDP expansion, which in turn reduces revenue, and are applied to a consumer base more heavily taxed to make up the difference?
no one wants to risk the capital to import a bunch of goods no one can afford.
Posted on 9/24/24 at 3:00 pm to OWLFAN86
quote:
Tariffs I urge caution
Anywhere in this wall of text, a opposing solution? Cause shite needs to get fixed, so saying one thing won't work with an actual solution is a pointless read.
And no, importing more 3rd world fricks to take both blue and white collar jobs isnt the solution.
Posted on 9/24/24 at 3:00 pm to OWLFAN86
Tiny hats
Posted on 9/24/24 at 3:06 pm to Taxing Authority
quote:
Whats the point of “protecting murican jerbs” if you have to import an entire new workforce to fill them?
quote:kind of a dead give away of your approach and intellectual dishonesty there. But anyway...
murican jerbs
What's the point of NOT protecting the US economy and importing labor in which you shift a significant portion of the costs away from employers onto the American taxpayer when that labor, because they are illegal, will not contribute to tax inputs and likely send remittances back home and not spend a portion here all the while enriching criminal organizations (domestic and foreign)?
See, you have it backwards. As our manufacturing base shrinks cheap labor, at the cost to the taxpayer, is entering. You are presupposing that they are being imported (they are not, they are invading) for jobs (with our lowest labor participation rate since 1978).
We're not importing cheap labor for a ever growing need. We're allowing illegal entry just as need shrinks.
Posted on 9/24/24 at 3:10 pm to Aubie Spr96
quote:
Tariffs are taxes on consumers. Nothing more.
Or it’s a threat to be used as leverage against a company or country
Posted on 9/24/24 at 3:15 pm to Tasseo
quote:The discussion is evolving in the thread
Anywhere in this wall of text, a opposing solution? Cause shite needs to get fixed, so saying one thing won't work with an actual solution is a pointless read.
Ive shared my thoughts
Posted on 9/24/24 at 3:16 pm to OWLFAN86
quote:
This claim isn’t just wrong; it’s dangerous.
Yet we've witnessed what doing away with Trumps tariffs have done the last few years to the American economy.
Get off the poliboard. You are clueless
Posted on 9/24/24 at 3:21 pm to RobbBobb
quote:So because of the words the writer of the article used to close the article
Yet we've witnessed what doing away with Trumps tariffs have done the last few years to the American economy.
Get off the poliboard. You are clueless
ignoring the parts highlighted
and despite the fact that I've pointed out the exceptions I take with the article you're gonna act all hard arse
no,, I'll stay
Posted on 9/24/24 at 3:24 pm to Taxing Authority
quote:In fairness I said "technically." I get the SS funds are horses that left the barn. But negating the associated debt obligation would represent a 12 digit wealth transfer
Thats not the issue.
Posted on 9/24/24 at 3:36 pm to OWLFAN86
quote:
So because of the words the writer of the article used to close the article
ignoring the parts highlighted
and despite the fact that I've pointed out the exceptions I take with the article you're gonna act all hard arse
no,, I'll stay
Then, how can you start this thread after the past 4 years, with the previous years under Trumps tariffs so much more productive?
You can go now
This post was edited on 9/24/24 at 3:38 pm
Posted on 9/24/24 at 3:51 pm to RobbBobb
quote:
with the previous years under Trumps tariffs so much more productive?
Why did Trump push for QE and more spending in 2019?
Posted on 9/24/24 at 3:54 pm to ItNeverRains
quote:
Myopic may have been too generous.
I trust actual economists over MAGAts posting on the poli board.
Posted on 9/24/24 at 3:57 pm to NC_Tigah
quote:I suppose if you want to go with the argument that the means of production exist to fund the government we can. But there’s a word for that.
As opposed to cheaper imports from non-tax contributory domiciles, which stymie GDP expansion, which in turn reduces revenue, and are applied to a consumer base more heavily taxed to make up the difference?
Your idea of taxing imports out existence, so we can generate wealth domestically is a variant of the the socialist full employment argument that we can hire half of the unemployed to dig holes and the other half to fill them up. Tax each at 50% and use the taxes from each to pay the other. *BAM* ever has a job and our GDP will soar!
Inflating the cost of goods above their economic value doesn’t generate wealth. Quite the opposite. Because the opportunity has to more effectively apply capital is lost. You even broken window fallacy, bro?
As far as revenue generation… you don’t collect a dime on items that don’t get imported because there is no market for them.
And unless you have some magic way of getting US workers to accept $5/hr, we either going to end up with $1 for $1 inflation:tariff collected, or a shortage of goods. But at least we’ll be sticking to the man!
This post was edited on 9/24/24 at 4:08 pm
Posted on 9/24/24 at 4:00 pm to I20goon
quote:I know we aren’t. But that’s the only way a protective tariff wouldn’t be inflationary—is if we can produce domestically at a similar cost basis for high-unskilled labor. Of course we cannot do that. We haven been able to do that for since the 60’s.
We're not importing cheap labor for a ever growing need. We're allowing illegal entry just as need shrinks.
Posted on 9/24/24 at 4:02 pm to RobbBobb
quote:Ondeed! Trump delayed one of his threatened tariffs “so people could have a nice christmas”. Why would he do such a thing if it wasn’t an inflationary cost to consumers?
Yet we've witnessed what doing away with Trumps tariffs have done the last few years to the American economy.
Posted on 9/24/24 at 4:05 pm to NC_Tigah
quote:
In fairness I said "technically."
quote:The wealth was transferred when the government took it. We’re $35 trillion in debt. Just like going bankrupt, all the assists go down with it.
I get the SS funds are horses that left the barn. But negating the associated debt obligation would represent a 12 digit wealth transfer
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