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Started By
Message
re: If Tariffs Are Put in Place People Won't Be Able to Afford Cars
Posted on 11/9/24 at 8:49 am to RogerTheShrubber
Posted on 11/9/24 at 8:49 am to RogerTheShrubber
quote:
You ONLY support them because Donny likes them.
I've told you why I support them
1
Posted on 11/9/24 at 8:49 am to PurpleandGold Motown
A huge chunk of the inflation seen in new automobiles is due to government regulations, particularly emissions and fuel efficiency regulations. Here’s what I mean. From your post…
Here is an example of what was under the hood of the average vehicle in 1970…
Here’s an example of what is under the hood of an average auto today…
A lot of what you’re seeing there is due to government regulations.
quote:
1970: Less than 36% of a family's annual income was needed to buy a new car
Here is an example of what was under the hood of the average vehicle in 1970…
quote:
Today an F 150 Lariat costs about $65k before extras. THE MEDIAN SALARY IS $53K. It costs more than the
Here’s an example of what is under the hood of an average auto today…
A lot of what you’re seeing there is due to government regulations.
Posted on 11/9/24 at 8:55 am to PurpleandGold Motown
There’s a lot of reasons for the inflated cost of vehicles right now. Mandates for building and producing electric vehicles the public didn’t want in the numbers they were required to produce along with the cost of shifting their business models and manufacturing to meet the government mandate to eliminate gas vehicles by 2035 played no small road in price jumps. Manufacturers were basically expected to build and sell electric vehicles at a loss and had to recoup some of that loss in the price of other vehicles.
Supply & demand played a huge role, as well. With the dealerships receiving fewer of the popular cars with much fewer incentives offer from manufacturers, dealerships had fewer to sell and less incentives to offer the customer. When 5 people want to purchase the same vehicle, it won’t be discounted.
Nissan layoffs had nothing to do with the price of their vehicles and everything to do with a woefully mismanaged company that has been in trouble since their CEO was arrested in 2018.
Entire theses have been written and published regarding the high prices of vehicles and I can’t begin to list them all here. I can say that eliminating the overly burdensome regulations implemented by the Biden administration will be a very good first step in lowering costs.
Supply & demand played a huge role, as well. With the dealerships receiving fewer of the popular cars with much fewer incentives offer from manufacturers, dealerships had fewer to sell and less incentives to offer the customer. When 5 people want to purchase the same vehicle, it won’t be discounted.
Nissan layoffs had nothing to do with the price of their vehicles and everything to do with a woefully mismanaged company that has been in trouble since their CEO was arrested in 2018.
Entire theses have been written and published regarding the high prices of vehicles and I can’t begin to list them all here. I can say that eliminating the overly burdensome regulations implemented by the Biden administration will be a very good first step in lowering costs.
Posted on 11/9/24 at 8:55 am to Darth_Vader
quote:
A lot of what you’re seeing there is due to government regulations.
I could have saved some time and just said this, too.
Posted on 11/9/24 at 8:56 am to NC_Tigah
quote:
I've told you why I support them
Joe Biden agreed with you.
Most Democrats will.
Posted on 11/9/24 at 8:57 am to Squirrelmeister
quote:
You are the dumbest person on this site.
And you crave the nanny state.
I got news for you Gomer, those mfg jobs you want arent coming back.
Funny thing, cheap imports have helped the lives of poor Americans more than government.
This post was edited on 11/9/24 at 9:01 am
Posted on 11/9/24 at 8:58 am to NC_Tigah
quote:
Except that there is no international offset for domestic tax.
Its a tax solely borne on the back of American consumers.
For "wrongthink."
Posted on 11/9/24 at 9:18 am to RogerTheShrubber
quote:Good?
Joe Biden agreed with you
He similarly agreed with most of Trump tax policy.
Is that supposed to be some sort of slam?
Posted on 11/9/24 at 9:21 am to RogerTheShrubber
quote:No. That is simply false. As much as you'd like it not to be, it is false. No matter how many times you repeat it, it will remain false.
Its a tax solely borne on the back of American consumers.
Posted on 11/9/24 at 9:22 am to NC_Tigah
quote:
Is that supposed to be some sort of slam?
If you liked Bidens economics, no. There is no hope for you then.
MAGA has the power to buy American now, but they prefer govt force them to. If you walk through the homes of every tariff supporter in this thread you'll find foreign crap everywhere.
"Make us buy American. daddy."
Posted on 11/9/24 at 9:23 am to NC_Tigah
quote:
No. That is simply false.
100% true.
Funny thing is China is in collapse already. The prudent thing economically is bring manufacturing to the Americas, South of our border
This post was edited on 11/9/24 at 9:25 am
Posted on 11/9/24 at 9:35 am to NC_Tigah
quote:
No. That is simply false. As much as you'd like it not to be, it is false. No matter how many times you repeat it, it will remain false.
At the end of the day the end consumer is who pays it. There’s just no way around that
Posted on 11/9/24 at 9:51 am to DavidTheGnome
quote:Hypothetical:
At the end of the day the end consumer is who pays it. There’s just no way around that
• Acme of China exports $100 widgets.
• Trump tariffs the Chinese widgets at a 20% rate.
• China responds by awarding Acme a $17/widget subsidy.
• With the subsidy, Acme exports its widgets at $83/widget.
• After application of the 20% tariff, the US consumer pays $100/widget as they always had.
Who's paying for the tariff?
---
Meanwhile, Brookings says the US consumer is getting ripped off because sans tariff, the consumer would only have to pay $83, not $100. It's a duplicitous argument.
Posted on 11/9/24 at 9:53 am to NC_Tigah
quote:
Plus tariffs are at least a way of capturing revenue vis-a-vis our trade deficit.
Coupled with loss of revenue from a decrease in exports. The Trump - Biden tariffs have had very little to no effect on the trade deficit. Tariffs are a poor way of trying to decrease the deficit.
Posted on 11/9/24 at 9:55 am to NC_Tigah
quote:
China responds by awarding Acme a $17/widget subsidy.
Huge assumption that’s unrealistic to base an argument on
Posted on 11/9/24 at 9:57 am to trinidadtiger
quote:
Well coming out of WW2 we had half the worlds GDP, half, now its less than 25% because we followed the aforementioned thought process. Hmmm maybe its time to go back to what made America great, just a thought
So tariffs are why we had half of the world's GDP after WWII, not the fact that England, Japan, Germany, Russia, France, China, Poland, Korea, and several more countries depended upon the US to supply food and building/industrial supplies to rebuild their countries and feed their citizens for at least a decade and a half after the war?
It wasn't that, it was the tariffs?
Good grief.
You also realize that the tax brackets looked like this in 1945, right?
1.7%
6.2%
8.9%
10%
20.1%
So the middle class was paying around 9% income tax.
These new tariffs are going to be on top of the taxes we're already paying.
Posted on 11/9/24 at 9:57 am to DavidTheGnome
quote:
At the end of the day the end consumer is who pays it. There’s just no way around that
Exactly. This was the conservative argument until 2016.
It will again become the conservative argument when Trump is gone. Its bad policy, period.
Posted on 11/9/24 at 9:59 am to DavidTheGnome
quote:It's not an "assumption" at all. China partially or fully subsidized goods to offset US tariffs.
Huge assumption that’s unrealistic to base an argument on
Posted on 11/9/24 at 10:01 am to NC_Tigah
China is collapsing without tariffs.
Y'all are chasing ghosts.
Y'all are chasing ghosts.
Posted on 11/9/24 at 10:02 am to DavidTheGnome
quote:
At the end of the day the end consumer is who pays it. There’s just no way around that
People act like Trump hasn't had tariffs in place since 2017.
The Tax Foundation (non partisan, non profit) has already analyzed the effects of the tariffs that have already been in place and they have apparently cost the consumer a significant amount of extra money, lost American industries market share, and resulted in a net loss of manufacturing jobs.
They haven't done a single they were supposed to do.
Now again, this isn't a prediction. This is what has already happened.
Why people think it's going to be different when he ramps them up even further I have no idea.
"I stuck my hand in the fire and it burned me a little."
"Well, your mistake is that you didn't hold in in there long enough. Hold it in there twice as long and you'll see...it will be different this time."
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