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re: But tariffs don’t work….

Posted on 3/24/25 at 9:06 pm to
Posted by roadGator
Member since Feb 2009
156983 posts
Posted on 3/24/25 at 9:06 pm to
It’s hilarious because the dumb smart mother fricker will do anything for the right treat at his age.


Platz means if I do what I love to do the stupid fricker is going to feed my fatass.

I wish labs could speak English.
Posted by Taxing Authority
Houston
Member since Feb 2010
63131 posts
Posted on 3/24/25 at 9:09 pm to
quote:

It’s hilarious because the dumb smart mother fricker will do anything for the right treat at his age.
We don't deserve them.

quote:

Platz means if I do what I love to do the stupid fricker is going to feed my fatass.
You should teach him to sit when he hears "tariff".
Posted by SlayTime
Member since Jan 2025
3738 posts
Posted on 3/24/25 at 9:09 pm to
quote:

Australia and the UK don't have gun crime!"


The 3rd worlders are just getting their sea legs under them in Australia but give them time.

UK will be under Sharia in under 25 years. Babies named Mohammed grow up fast.

If minorities and mentallly ill troons didn’t own guns US would be fine. But those demos have them, so I’m keeping mine.
Posted by roadGator
Member since Feb 2009
156983 posts
Posted on 3/24/25 at 9:10 pm to
Posted by dafif
Member since Jan 2019
8298 posts
Posted on 3/24/25 at 9:11 pm to
quote:

For understanding (and not rejecting) the scholarship of Thomas Sowell and Milton Friedman?


You really are not smart - which makes it interesting how much you like big words and pieces of information

Can you show me in any book on trade where one country has a 300% tariff or other taxes on goods that limit production and profit in the US?

Of course having a defector or surplus in feee trade is never a bad thing just economics as you point out but your insidious bs of choosing something and arguing is so tiring and tedious.

The tariffs against the us are not the same as a definition or surplus. They affect production in the US which costs jobs and revenue
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
473851 posts
Posted on 3/24/25 at 9:11 pm to
quote:

I’m not a SFP fan because he has a savior complex but what are you talking about when you say race in this context. I may have missed a key post.


quote:

I'm making the exact same arguments used in the past by (now) Trump supporters on here about black people, when black people bitched about institutional boogeymen (this is the globalism one for MAGA) while ignoring the bad decisions that put them in an economic hole (the stuff that MAGA was OK with saying for black people but melts like you are right now when we discuss it with white people).

I apply it all all people, regardless of race, ethnicity, age, economic status, etc. That's intellectual consistency.


It's just a simple hypocrisy thing
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
473851 posts
Posted on 3/24/25 at 9:13 pm to
quote:

but your insidious bs of choosing something and arguing is so tiring and tedious.

I've been making the same arguments on the side of freedom/capitalism for going on 20 years here.

The MAGA crowd was on board with that philosophy until 2016. They changed. I've kept the same arguments.

quote:

The tariffs against the us

Nobody is talking about that ITT.

quote:

You really are not smart

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96973 posts
Posted on 3/24/25 at 9:14 pm to
quote:

I have no idea what you're talking about


We are talking math. You would figure a genius like yourself could explain how much more we will be paying from tariffs

You will make an excuse about your dog. You and the other leftwing tards will call others names all because you dont have any idea what you are talking about other than what MSNBC told you

Its why you havent said anything of substance in 6pgs



Posted by Flats
Member since Jul 2019
27838 posts
Posted on 3/24/25 at 9:49 pm to
quote:

Who thinks it's a free lunch?


You do, if you believe what you just wrote.

quote:

What if we understand it to mean any cost increase will be more than offset by jobs and wage growth which lessens the tax burden.
Posted by wackatimesthree
Member since Oct 2019
12724 posts
Posted on 3/24/25 at 9:52 pm to
quote:

What if we understand it to mean any cost increase will be more than offset by jobs and wage growth which lessens the tax burden.


Like he said, they do not work the way y'all think they work.

If we got back all the jobs we "lost" overseas and then doubled it, we'd be talking about maybe 20 million Americans. Out of 340 million. Roughly 6%.

And that's if we double it just for good measure.

If you search for the average factory worker salary in the US, you'll get around $17 an hour. if you search for average manufacturing job salary in the US, you'll get almost $24.50 an hour.

Not sure why the difference (maybe the latter takes management jobs into account and the former doesn't?), but let's use the higher number.

That's a little under $51,000 a year for 20 million people.

That doesn't mean that 20 million people who were unemployed suddenly make $51,000 a year, it probably mostly means that someone who was making $15-$20 an hour is now making $24.50 an hour and the unemployed people are filling in the $15-$20 an hour jobs.

$51,000 a year is going to pay roughly $6,000 in taxes. That IS significantly higher by percentage than when the person was making $18 an hour who will pay maybe $1,500 in federal taxes. The difference being $4,500 times 20 million, which is $90 billion in additional tax revenues.

However, if the average manufacturing worker here makes $24.50, that's four times as much as the average Chinese manufacturing worker makes. Obviously prices have to go up to deal with that.

Let's say prices go up in those industries by 20%. It's probably going to be more than that, but we'll be conservative.

Now, in 2023, we still had almost 13 million manufacturing jobs going in the US and those jobs produced $2.3 Trillion in revenue.

Using that math, an additional 20 million jobs would add another $4.3 Trillion, without accounting for the 20% price increase.

Do the math and those goods costs Americans (all of us, not just 6% of us) over a trillion dollars more than they would have, for a 90 billion dollar offset in federal income taxes.

That's off by almost an order of magnitude.

Now I'm sure that someone could dispute some aspect of what I have said or chime in with, "Wait, you didn't factor in XYZ," but the napkin math is too far off for anything I can reasonably think of to matter.

Bottom line, unless or until someone shows otherwise, when we "get those manufacturing jobs back," America loses. Financially, at least, which is what your claim was based on.

Tariffs will NOT cause anyone's income taxes to go down. They WILL cause prices to go up.

And another reason I know this is that Trump instituted tariffs back in 2018 and we know the effects of them. I don't need a crystal ball. All I have to do is look up the net effect of the 2018 tariffs. We lost. Net jobs, net cost, American producers lost market share, etc. That's a fact.



This post was edited on 3/24/25 at 10:26 pm
Posted by TigerVespamon
Member since Dec 2010
7490 posts
Posted on 3/24/25 at 9:55 pm to
Does this mean that the Tesla terrorist will shift their efforts towards Rolls-Royce?
Posted by Taxing Authority
Houston
Member since Feb 2010
63131 posts
Posted on 3/24/25 at 10:05 pm to
quote:

We are talking math. You would figure a genius like yourself could explain how much more we will be paying from tariffs

First you’ll have to tell me which tariffs. Trump keeps crawfishing on them so I haven’t kept up with all the “delays” and “exemptions”. Oh, where do I send my rate sheet to? You’re probably not going to be able to afford it, but who knows?

quote:

You will make an excuse about your dog. You and the other leftwing tards will call others names all because you dont have any idea what you are talking about other than what MSNBC told you
I love this. Every time you accuse me of being Leftwing it just puts you as the ignorant one. It’s beautiful in its effeciency and effectiveness. And I don’t even have to do anything.

quote:

Its why you havent said anything of substance in 6pgs


This post was edited on 3/24/25 at 10:06 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
63131 posts
Posted on 3/24/25 at 10:11 pm to
quote:

That's off by over an order of magnitude.

And you’re just using cost of labor. Adding legal, regulatory, and compliance cost and you’re up another order of magnitude. Well half of one, most likely.

quote:

Do the math and those goods costs Americans (all of us, not just 6% of us) over a trillion dollars more than they would have
They will argue, that’s a good thing, because the added income is to american businesses. It’s a take on the broken window fallacy. But they are dedicated to it.
Posted by CollegeFBRules
Member since Oct 2008
25602 posts
Posted on 3/24/25 at 10:18 pm to
quote:

Like Thomas Sowell and Milton Friedman?


Why do you do this to yourself? I argued with this entire board during Trump’s first term. I know better than to bother in the second.
Posted by Flats
Member since Jul 2019
27838 posts
Posted on 3/24/25 at 10:19 pm to
quote:

They will argue, that’s a good thing, because the added income is to american businesses.


Hazlitt's book on economics should be a HS graduation requirement.
Posted by wackatimesthree
Member since Oct 2019
12724 posts
Posted on 3/24/25 at 10:23 pm to
quote:

They will argue, that’s a good thing, because the added income is to american businesses.


But it's only paid to American businesses to pay the increased labor costs, which is already factored into the equation. (it WAS the equation, in fact.)

quote:

Adding legal, regulatory, and compliance cost and you’re up another order of magnitude.


Excellent point. The regulatory costs, the half of FICA that employers have to pay, etc. That FICA is another 15%+ right there on the labor costs that the business avoids by outsourcing overseas.

I know predicting price increases by 20% is very conservative, but I didn't want to quibble.

quote:

It’s a take on the broken window fallacy. But they are dedicated to it.


It's one thing to stubbornly deny reality when you can fall back on, "Well, they might be wrong," but as I point out to them over and over and over, THIS HAS ALREADY HAPPENED. It's not a hypothetical. We've had these tariffs since 2018 and we have financial analysis of what the effects were. We actually had a net loss of American jobs as a result the first time.

Nobody yet has told me why it's going to be different this time.
Posted by selfgen
youngsville
Member since Aug 2006
1184 posts
Posted on 3/24/25 at 11:09 pm to
If it creates American jobs, then I’m for it. I’ll gladly pay more for a product if it’s made in the USA.
Posted by AggieHank86
Texas
Member since Sep 2013
44345 posts
Posted on 3/24/25 at 11:34 pm to
quote:

quote:

Like Thomas Sowell and Milton Friedman?
Alright mother fricker I’m fine with you telling me I don’t understand economics. But if you’re gonna laugh off those two guys I’m gonna need to hear an argument.
Should someone draw a picture for this guy?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
149735 posts
Posted on 3/25/25 at 12:05 am to
You're smarter than this.


It isn't black and white on if tariffs are good or not, it's the renegotiation to level the playing field and try and slow the bleeding on our transfer of national wealth
Posted by TenWheelsForJesus
Member since Jan 2018
11073 posts
Posted on 3/25/25 at 12:38 am to
quote:

What if we understand it to mean any cost increase will be more than offset by jobs and wage growth which lessens the tax burden.


All these anti-tariff people will assure you they are economic geniuses but don't understand opportunity cost. These are the people that think buying a refrigerator for $1000 and replacing it for $1500 in 10 years is better than paying $1500 for one that lasts 20 years.

They think it's better for a family to pay $1000 and have to resort to a 40k job to get by than to pay $1500 but make 50k.

All they can see is a cheaper price tag on the shelf. They are myopic.
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