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Started By
Message
Tariffs are bad
Posted on 4/17/24 at 12:21 pm
Posted on 4/17/24 at 12:21 pm
Or at least they were. Maybe they are good now? It is very confusing.
Posted on 4/17/24 at 12:25 pm to wheelr
Rogerthecucker will now say tariffs good
Posted on 4/17/24 at 12:30 pm to SDVTiger
Yeah I don't even pay close attention this board but remember quite a few were very outspoken against them. I know that IBsomething guy will be very upset.
Posted on 4/17/24 at 12:30 pm to wheelr
IBChinaman: Trump tariffs bad. Same Biden tariffs good.
Posted on 4/17/24 at 12:30 pm to wheelr
Tariffs are bad for the consumer
Make the govt feel good about themselves.
Protect or increase profit margins for domestic producers.
Only the Govt and Producers benefit from tariffs.
Make the govt feel good about themselves.
Protect or increase profit margins for domestic producers.
Only the Govt and Producers benefit from tariffs.
Posted on 4/17/24 at 12:33 pm to wheelr
Tariffs are bad.
How about you? Good?
How about you? Good?
Posted on 4/17/24 at 12:37 pm to wheelr
quote:
Tariffs are bad
All taxes are bad.
But if I had to rank them tariffs might be the lease insidious of all taxes.
Tariffs are a consumption tax on specific imported good. They only made up $80 billion in the $5 trillion federal tax revenue. Tariffs are miniscule compared to other taxes.
Income taxes are probably the most insidious. They are marginal in terms of your level of income and they are targeted. That is, certain demographic get favors under income taxes based on physical traits, what you own, education level, etc.
Posted on 4/17/24 at 12:38 pm to cwill
I don't know enough about tariffs and how they affect large complicated economies to debate them.
But I do recognize double standards when I see them.
But I do recognize double standards when I see them.
Posted on 4/17/24 at 12:38 pm to td1
quote:
Producers benefit from tariffs.
i work for a producer so i'm feeling giddy.
Posted on 4/17/24 at 12:39 pm to td1
quote:
Only the Govt and Producers benefit from tariffs.
Democrats hate tariffs because they would rather see the demise of domestic industry and put those employees on the welfare roles to grow government and make sure those employees are dependent upon government. That's a Democrat vote for life.
Posted on 4/17/24 at 12:41 pm to wheelr
quote:
But I do recognize double standards when I see them.
Biden loves tariffs. Trump loves tariffs.
Where is the double standard?
Posted on 4/17/24 at 12:41 pm to td1
quote:
Only the Govt and Producers benefit from tariffs.
And when you are trying to save domestic production, rather than Chinese companies, those benefits are pretty damned good.
Posted on 4/17/24 at 12:49 pm to wheelr
Seriously, the appropriate level of tariffs can be put on imports that impact national security.
For example, tariffs on Chinese steel and aluminum is a good idea. The debate should be over the level of tariff. In times of war we don't want to depend on China for steel to build our ships and aluminum to build our air force.
I would consider tariffs on pharmaceuticals too. China has us by the balls when in comes to pharmaceuticals. And pharma is extremely automated. It's not like you would be saving that many U.S. jobs. The goal here would be to enhance national security on the medical front.
Another industry that needs some from of protection is semi conductors. As it stands now we have to defend Taiwan because they control the majority of semiconductor production. So we either pay on the defense side or the tariff side. Regardless, we pay.
For example, tariffs on Chinese steel and aluminum is a good idea. The debate should be over the level of tariff. In times of war we don't want to depend on China for steel to build our ships and aluminum to build our air force.
I would consider tariffs on pharmaceuticals too. China has us by the balls when in comes to pharmaceuticals. And pharma is extremely automated. It's not like you would be saving that many U.S. jobs. The goal here would be to enhance national security on the medical front.
Another industry that needs some from of protection is semi conductors. As it stands now we have to defend Taiwan because they control the majority of semiconductor production. So we either pay on the defense side or the tariff side. Regardless, we pay.
This post was edited on 4/17/24 at 12:59 pm
Posted on 4/17/24 at 12:57 pm to frogtown
quote:
Where is the double standard?
Right. The debate in the current election is over whether or not expand tariffs and the two candidates are quite at odds on that question. I don't think OP is really much of a gotcha because the electoral politics and the macroeconomics of adding tariffs and those of removing them aren't really the same.
Posted on 4/17/24 at 1:06 pm to TigerDoc
Look at the screenshot. Post up when CNN says Biden is going to cause economic destruction.
I remember Biden criticizing Trump on this topic during the 2020 campaign. The media has been all over the place too.
https://www.forbes.com/sites/stuartanderson/2020/08/06/biden-says-he-will-end-trumps-tariffs-on-chinese-made-goods/?sh=3efbe142523a
I remember Biden criticizing Trump on this topic during the 2020 campaign. The media has been all over the place too.
https://www.forbes.com/sites/stuartanderson/2020/08/06/biden-says-he-will-end-trumps-tariffs-on-chinese-made-goods/?sh=3efbe142523a
Posted on 4/17/24 at 1:09 pm to SDVTiger
quote:
Rogerthecucker will now say tariffs good
You'll now say they are bad.
Theyre bad regardless of which liberal installs them.
Posted on 4/17/24 at 1:13 pm to td1
quote:
Tariffs are bad for the consumer
Make the govt feel good about themselves.
They give the government an enormous power, so of course they feel good about themselves.
Posted on 4/17/24 at 1:14 pm to frogtown
quote:
Where is the double standard?
Media says when Biden does it its great. Did you read the OP?
Posted on 4/17/24 at 1:14 pm to wheelr
As a politician, the problem with taking tariffs off the negotiation table from the get-go because the Cato Institute and the U.S. Chamber of Commerce paid you to be ideologically against tariffs is, you are removing a trade negotiating tool from your negotiating toolbox.
Anyone that is ideologically against tariffs will likely get rolled by China or any European country on trade deals screwing over the American people but probably making U.S. Chamber of Commerce multinational corporate members really happy.
Anyone that is ideologically against tariffs will likely get rolled by China or any European country on trade deals screwing over the American people but probably making U.S. Chamber of Commerce multinational corporate members really happy.
Posted on 4/17/24 at 1:16 pm to Flats
quote:
They give the government an enormous power, so of course they feel good about themselves.
They contribute about 1.6% to the size of government.
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