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Message
re: Founding Fathers vs. Rand Paul on Tariffs
Posted on 4/4/25 at 5:49 pm to imjustafatkid
Posted on 4/4/25 at 5:49 pm to imjustafatkid
quote:
Tariffs are how this country's government was always meant to be run.
You'd have to tariff imports north of 200% to cover the budget which would kill international trade
1
Posted on 4/4/25 at 5:49 pm to RogerTheShrubber
quote:
Would never work currently, and you know thats true.
If Trump ditched income taxes for tariffs this economy would be destroyed in months.
I think he believes that foreign countries pay us a tariff to send their goods here. Thats the only explanation that makes sense.
If he realized all tariffs are paid by US companies he wouldn't believe that they arent a sales tax.
Posted on 4/4/25 at 5:49 pm to Corinthians420
quote:
Explain to me how you think a tariff isnt a sales tax? You think companies are gonna pay a tariff to import something and just hold onto it and not sell it or use it to make something else to sell?
Why, yes. I know this will happen.
You know why? Because they want to compete with the companies who are making a better product here and seling it for less than they are.
OR they will simply move manufacturing here so they can compete.
It really isn't difficult to understand if you just spend 5 seconds in reality.
Posted on 4/4/25 at 5:49 pm to Seldom Seen
Maybe we should investigate the multi millionaires in congress. Are they paying their taxes on USAID money?
Posted on 4/4/25 at 5:50 pm to JeniverJonez
Rand Paul would have disagreed with Alexander Hamilton on a whole host of issues. Paul’s philosophy has always seemed more aligned with Anti-Federalists like Thomas Jefferson.
Posted on 4/4/25 at 5:50 pm to RogerTheShrubber
quote:
If the tariffs worked and brought back mfg, where is your revenue coming from?
Great question. Let's cross that bridge when we get there.
Posted on 4/4/25 at 5:50 pm to jlnoles79
quote:
You'd have to tariff imports north of 200% to cover the budget which would kill international trade
Current spending levels are not a requirement.
Posted on 4/4/25 at 5:51 pm to imjustafatkid
quote:
You can keep saying this, but you'll always be wrong.
quote:
LINK ]Duty vs. Tariff — What’s the Difference?
The terms duty and tariff are often used interchangeably, but there are subtle differences. Both are a form of tax that is imposed by the government and payable on imports and exports.
What Is a Duty?
In basic terms, duties are indirect taxes imposed on the consumer. Governments charge duties on specific goods and services that are manufactured and sold within their country, as well as on imported goods (known as import or customs duty).
The purpose of a duty is to protect the country’s economy by regulating the flow of goods into and out of the country. Duties also serve to discourage the use of products that may have negative health or environmental consequences.
What Is a Tariff?
Tariffs are direct taxes imposed by a government on goods and services imported from or exported to a different country. The reason for imposing tariffs on imported goods is to drive up the cost of foreign-produced goods, thus protecting domestic manufacturers.
Posted on 4/4/25 at 5:52 pm to JeniverJonez
OP makes a case for Congress controlling all taxation...and then argues against it.
Perfectly Maga.
Perfectly Maga.
Posted on 4/4/25 at 5:52 pm to imjustafatkid
quote:
Current spending levels are not a requirement.
Spending will continue to climb
Posted on 4/4/25 at 5:52 pm to imjustafatkid
quote:
Why, yes. I know this will happen.
You know why? Because they want to compete with the companies who are making a better product here and seling it for less than they are.
So US companies will pay a tariff to import items to compete with companies making a better product here?
Do you not realize the tariffs are paid by the US company importing the foreign good, and not the foreign company exporting it?
Posted on 4/4/25 at 5:52 pm to Harry Boutte
You misunderstood. This is where he is wrong:
quote:
The consumer will pay it as the tariff is taxed onto the sale price.
Posted on 4/4/25 at 5:54 pm to jlnoles79
quote:
Spending will continue to climb
We already don't bring in enough revenue to cover spending, so you're making a nonsensical argument here. Obviously, spending needs to be cut. Our government will never derive enough revenue to cover spending as is or higher.
Posted on 4/4/25 at 5:55 pm to imjustafatkid
quote:
You misunderstood. This is where he is wrong:
quote:
The consumer will pay it as the tariff is taxed onto the sale price
Ok lets take a simple example. Walmart buys a shipment of Crown royal from Canada at $20 a bottle with 0% tariffs.
Walmart buys a shipment of crown royal at $20 a bottle with 20% tariffs and has to pay the us government $4 for each bottle.
Do you think walmart is gonna not add that $4 onto the sale price?
Posted on 4/4/25 at 5:56 pm to Corinthians420
quote:
So US companies will pay a tariff to import items to compete with companies making a better product here?
Do you not realize the tariffs are paid by the US company importing the foreign good, and not the foreign company exporting it?
Just keep talking in circles. When it all works out exactly as I've said, pretend it didn't.
Posted on 4/4/25 at 5:57 pm to imjustafatkid
quote:
Great question. Let's cross that bridge when we get there.
if factories returned and imports greatly decreased, we would have little revenue. It would be a disaster
Posted on 4/4/25 at 5:57 pm to Corinthians420
quote:
Ok lets take a simple example. Walmart buys a shipment of Crown royal from Canada at $20 a bottle with 0% tariffs.
Walmart buys a shipment of crown royal at $20 a bottle with 20% tariffs and has to pay the us government $4 for each bottle.
Do you think walmart is gonna not add that $4 onto the sale price?
They certainly can, and then fewer people will buy Crown Royal.
Posted on 4/4/25 at 5:57 pm to Corinthians420
quote:
I think he believes that foreign countries pay us a tariff to send their goods here. Thats the only explanation that makes sense.
A lot of people do think that because Trump has been telling them just that since 2016.
Posted on 4/4/25 at 5:58 pm to imjustafatkid
Sorry, I read that as a tax passed on to the sale price.
But that's getting lost in the weeds.
In simple terms, yes, a tariff is a tax used by the government to protect domestic production. The tax is generally paid by the importer, and the cost of which is largely passed down to the point of sale.
But that's getting lost in the weeds.
In simple terms, yes, a tariff is a tax used by the government to protect domestic production. The tax is generally paid by the importer, and the cost of which is largely passed down to the point of sale.
Posted on 4/4/25 at 5:58 pm to RogerTheShrubber
quote:
if factories returned and imports greatly decreased, we would have little revenue. It would be a disaster
Would it? I don't think most American's lives would be negatively affected by this at all.
We would be far better off with a much smaller government.
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