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re: But tariffs don’t work….
Posted on 3/24/25 at 9:06 pm to Taxing Authority
Posted on 3/24/25 at 9:06 pm to Taxing Authority
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.
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 on 3/24/25 at 9:09 pm to roadGator
quote:We don't deserve them.
It’s hilarious because the dumb smart mother fricker will do anything for the right treat at his age.
quote:You should teach him to sit when he hears "tariff".
Platz means if I do what I love to do the stupid fricker is going to feed my fatass.
Posted on 3/24/25 at 9:09 pm to DisplacedBuckeye
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 on 3/24/25 at 9:11 pm to SlowFlowPro
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 on 3/24/25 at 9:11 pm to roadGator
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 on 3/24/25 at 9:13 pm to dafif
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 on 3/24/25 at 9:14 pm to Taxing Authority
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 on 3/24/25 at 9:49 pm to Jjdoc
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 on 3/24/25 at 9:52 pm to Jjdoc
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 on 3/24/25 at 9:55 pm to FlexDawg
Does this mean that the Tesla terrorist will shift their efforts towards Rolls-Royce?
Posted on 3/24/25 at 10:05 pm to SDVTiger
quote: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?
We are talking math. You would figure a genius like yourself could explain how much more we will be paying from tariffs
quote: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.
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
quote:
Its why you havent said anything of substance in 6pgs
This post was edited on 3/24/25 at 10:06 pm
Posted on 3/24/25 at 10:11 pm to wackatimesthree
quote: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.
That's off by over an order of magnitude.
quote: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.
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
Posted on 3/24/25 at 10:18 pm to SlowFlowPro
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 on 3/24/25 at 10:19 pm to Taxing Authority
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 on 3/24/25 at 10:23 pm to Taxing Authority
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 on 3/24/25 at 11:09 pm to Flats
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 on 3/24/25 at 11:34 pm to Gee Grenouille
quote:Should someone draw a picture for this guy?quote: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.
Like Thomas Sowell and Milton Friedman?
Posted on 3/25/25 at 12:05 am to SlowFlowPro
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
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 on 3/25/25 at 12:38 am to Jjdoc
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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