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Message

re: But tariffs don’t work….

Posted on 3/26/25 at 12:00 am to
Posted by Taxing Authority
Houston
Member since Feb 2010
63085 posts
Posted on 3/26/25 at 12:00 am to
quote:

An example that tells us what?
That opportunity costs exist, and productivity relative to expnse is important. How is that a question?

quote:

I just listed a whole lot that you ignored (non-federal taxes, secondary jobs lost related to manufacturing, increased stress on social welfare programs, potential effects on lower birth rates, crime rates, and mental health issues, .
I'm not sure what you want from me. All those increase COGS and make US production less competitive. Did you not know that?

quote:

not having many of those dollars spent recirculating within our own economy, etc.)
"recirculating" dollars does not create wealth. If it did, we could become "rich" by breaking windows. We could pay half the country to dig holes, and the other half to fil lhem up. Tax each group at 50% and "recirculate" every dollar in the economy. Would be be gain wealth that way?
quote:

"Foreign companies don't make profits."
Who said that?

quote:

Another example that needs an explanation...
LINK watch this. It's short.
Posted by Taxing Authority
Houston
Member since Feb 2010
63085 posts
Posted on 3/26/25 at 12:02 am to
quote:

I see you can't answer that.
Like I said earlier in this thread. I don't try teaching my dog calculus. If you think that makes me stupid, not the dog, so be it.
Posted by Taxing Authority
Houston
Member since Feb 2010
63085 posts
Posted on 3/26/25 at 12:03 am to
quote:

Does domestic production have value beyond what market prices reflect?
Would you pay $240 for a pair of underwear?
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/26/25 at 12:03 am to
quote:

Like I said earlier in this thread. I don't try teaching my dog calculus. If you think that makes me stupid, not the dog, so be it.


You're going to get situationally ignored if you keep talking to him like that.
Posted by BCreed1
Alabama
Member since Jan 2024
6941 posts
Posted on 3/26/25 at 12:04 am to
quote:

Like I said earlier in this thread.


You haven't said anything because you ignore anything you can't answer.


Does domestic production have value beyond what market prices reflect?
Posted by BCreed1
Alabama
Member since Jan 2024
6941 posts
Posted on 3/26/25 at 12:05 am to
So again, you can not answer the question. Is it because you don't know or what?
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/26/25 at 12:05 am to
quote:

you ignore anything you can't answer


Posted by Taxing Authority
Houston
Member since Feb 2010
63085 posts
Posted on 3/26/25 at 12:09 am to
quote:

You haven't said anything because you ignore anything you can't answer.
Woof. Sit boy. Roll over.
Posted by Azkiger
Member since Nov 2016
27689 posts
Posted on 3/26/25 at 12:10 am to
quote:

and productivity relative to expnse is important.


Yeah, but you'd have to compare the productivity costs, not the value created cost to one of the two productivity costs being compared.

quote:

All those increase COGS


But they weren't included in the original assessment. The only tariff benefit counted was federal income tax differentials. And that's not even the larger piece of the pie (payroll taxes are).

A proper comparison would need to stack up all the benefits. This is simple stuff.

quote:

"recirculating" dollars does not create wealth.


Who said it did? Creating wealth and preventing wealth from leaving are two different things.

quote:

Who said that?


You did.

I said: Also, you're sending a lot more than 3 dollars an hour overseas.

You said: No. You really aren't. In fact, you're getting goods back for that $3 so it's less.

How do you think that's counting foreign producers profits?

quote:

LINK watch this. It's short.


I know what it is, I'm not sure how you're applying it to my stance.
Posted by Taxing Authority
Houston
Member since Feb 2010
63085 posts
Posted on 3/26/25 at 12:21 am to
quote:

Yeah, but you'd have to compare the productivity costs, not the value created cost to one of the two productivity costs being compared.
Well, if you want to ignore opportunity costs.... no never mind. I can't even... sorry man.

quote:

But they weren't included in the original assessment.
I know. I't only makes my case stronger, tho.

quote:

Who said it did?
The very same person I quoted.

quote:

Creating wealth and preventing wealth from leaving are two different things.
How does "wealth" leave when 1/ you the strongest currency in the world 2/ you can produce more valuable goods than you can purchase 3/ you can print money. Arging that wealth is zero sum is Bernine and AOC territory.

quote:

You did.
No. No I didn't.

quote:

You said: No. You really aren't. In fact, you're getting goods back for that $3 so it's less.
So, in your miond we are just sending cash to China, Vietnam, etc and that's it? We aren't getting goods in return. Hmm... interesting take, I guess? Are you feeling OK

quote:

I know what it is, I'm not sure how you're applying it to my stance.
It's literally what you're claiming as the benefit of overpaying for goods that could be purchased cheaper. That somehow we benefit from overpaying becuase it stimulates teh economy. I've mischaracterized your position, I'm sorry, and feel free clarify.
Posted by Azkiger
Member since Nov 2016
27689 posts
Posted on 3/26/25 at 12:34 am to
quote:

Well, if you want to ignore opportunity costs


I want you to make them relevant to this conversation.

quote:

I know. I't only makes my case stronger, tho.


I honestly have no idea what your case even is. All I see is you flailing around, making random points and claims.

But no, the original poster I responded too was stacking up the increased production cost of having these manufactured items produced in America and comparing that to potential benefits.

He left out lots of potential benefits, and he didn't even select the most impactful one.

The increase costs associated with these benefits were already included in the analysis (when he was trying to estimate the increased production costs of having these manufactured items produced in America). So the exclusion of the corresponding benefits need to be accounted for.

quote:

How does "wealth" leave when 1/ you the strongest currency in the world 2/ you can produce more valuable goods than you can purchase 3/ you can print money.


Point #1 is irrelevant as you can have wealth leaving and still have the strongest currency in the world. They're not mutually exclusive.

Point #2 is irrelevant because having these manufacturing jobs back home doesn't prevent you from producing more valuable goods.

Point #3 is plum retarded. Printing money doesn't increase wealth.

quote:

So, in your miond we are just sending cash to China, Vietnam, etc and that's it? We aren't getting goods in return. Hmm... interesting take, I guess? Are you feeling OK


We are getting goods in return either way, whether Americans are producing them or a foreign economy is producing them.

If Americas are producing them, that money can be respent in our economy. Chinese workers, not so much.

quote:

It's literally what you're claiming as the benefit of overpaying for goods that could be purchased cheaper.


I'm still not following. Americans having jobs is akin to breaking windows?
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3819 posts
Posted on 3/26/25 at 6:45 am to
If we do not re-shore manufacturing back to the U.S. we will be screwed.

For our economy to be healthy long-term, it has to be based on the production of physical industry(and associated services) not government spending fueled by debt creation.

If we want to save the US dollar, this is what has to happen.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
96884 posts
Posted on 3/26/25 at 6:53 am to
quote:

Like I said earlier in this thread. I don't try teaching my dog calculus. If you think that makes me stupid, not the dog, so be it.



This is tard for i cant answer a simple question

what a fricking clown.
Posted by Cobbvol
Member since Jun 2020
252 posts
Posted on 3/26/25 at 9:25 am to
quote:

If we do not re-shore manufacturing back to the U.S. we will be screwed.

For our economy to be healthy long-term, it has to be based on the production of physical industry(and associated services) not government spending fueled by debt creation.

If we want to save the US dollar, this is what has to happen.


Agreed, pretty much says this in this article ...

LINK
Posted by RobbBobb
Member since Feb 2007
33998 posts
Posted on 3/27/25 at 12:40 am to
quote:

The USSR banned almost all imports. Look how wealthy they were!

Nice dodge. Russia is broke, because of the arms race against the US. Not trade policy. Plus sanctions

Now do Chinas wealth
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