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Started By
Message
1
Posted on 10/26/24 at 1:06 pm to Taxing Authority
quote:Affordability is the functional issue. If take-home pay increases 20% and the price of goods increases 20%, affordability does not shift.
And everything would be more expensive.
Posted on 10/26/24 at 1:07 pm to BCreed1
quote:
The Congress shall have Power
Civic lesson incoming...
Who
makes
up
the
Congress?
Eta: Who constitutes, if you will?
This post was edited on 10/26/24 at 1:10 pm
Posted on 10/26/24 at 1:08 pm to Taxing Authority
quote:They can't. We don't allow Nikes to be manufactured with Uyghur slave labor here. Tariffs would level the difference.
If domestic good can be produce price competitive to imports, why aren’t we doing it now?
Posted on 10/26/24 at 1:09 pm to NC_Tigah
quote:The two biggest differential cost inputs comparitevly are labor and regulation compliance. So are you planning on a drastic decrease in the cost of labor or wide repeal of regulation? Neither seem likely to me. And if it’s the first… what’s the point?
That would be an incorrect assumption. The trade deficit in preponderance reflects manufacturing cost differential, not raw materials. However, if raw materials were not available domestically, they'd not be tariffed. Otherwise the domestic-shift premice would hold.
Posted on 10/26/24 at 1:09 pm to BCreed1
About 20K more a year in my bank account.
Posted on 10/26/24 at 1:10 pm to NC_Tigah
quote:What does the “P” stand for?
Productivity is not the sole component of GDP.
Posted on 10/26/24 at 1:10 pm to Taxing Authority
quote:
are you planning on a drastic decrease in the cost of labor
Posted on 10/26/24 at 1:13 pm to NC_Tigah
quote:Cool. But I only care about real (not nominal) dollar value and wealth. I’m not interests in economically destroying other countries only to make myself poorer. Maybe we have different goals?
Not relative to tariffed imports.
Posted on 10/26/24 at 1:14 pm to NC_Tigah
quote:Yep. Just like if we break the bakers windows, the glazier will be able to buy more bread and we’ll all be better off!
Affordability is the functional issue. If take-home pay increases 20% and the price of goods increases 20%, affordability does not shift.
Posted on 10/26/24 at 1:16 pm to NC_Tigah
quote:How would it “level the difference”?
They can't. We don't allow Nikes to be manufactured with Uyghur slave labor here. Tariffs would level the difference.
Posted on 10/26/24 at 1:17 pm to NC_Tigah
quote:what are you confused about?
are you planning on a drastic decrease in the cost of labor
Posted on 10/26/24 at 1:17 pm to NC_Tigah
quote:
However, if raw materials were not available domestically, they'd not be tariffed. Otherwise the domestic-shift premice would hold.
Honest question, do you think all raw materials or components we use in our manufacturing and assembly processes are going to be based in US?
Posted on 10/26/24 at 1:18 pm to Taxing Authority
quote:Silly.
What does the “P” stand for?
GDP (nominal) is calculated at current market prices, without adjusting for inflation. So, for example, when prices rise due to inflation, GDP also increases because goods and services are more expensive. For example, if inflation is high, nominal GDP may rise even if the actual output of goods and services doesn't change much.
Posted on 10/26/24 at 1:20 pm to oklahogjr
quote:Tariffs are not imposed on goods, materials, services unavailable domestically.
Honest question, do you think all raw materials or components we use in our manufacturing and assembly processes are going to be based in US?
Posted on 10/26/24 at 1:21 pm to Taxing Authority
quote:The sudden and irrelevant injection of decreased labor costs
what are you confused about?
Posted on 10/26/24 at 1:24 pm to Taxing Authority
quote:By differentially increasing the prices of slave labor manufactured products.
How would it “level the difference”?
Posted on 10/26/24 at 1:26 pm to NC_Tigah
quote:Theres the problem. But you cannot use nominal GDP to compare over time, nor with other currencies. This it’s unusable as a measure of wealth over time.
GDP (nominal) is calculated at current market prices, without adjusting for inflation.
As I said….
quote:If you only care about nominal GDP, why not just print tons of money and weaken your currency to make imports more expensive?
But I only care about real (not nominal) dollar value and wealth
This post was edited on 10/26/24 at 1:30 pm
Posted on 10/26/24 at 1:26 pm to NC_Tigah
quote:Now do cost of labor
Tariffs are not imposed on goods, materials, services unavailable domestically.
Posted on 10/26/24 at 1:28 pm to NC_Tigah
quote:Huh? I thought you were trying to equalize costs via tariffs. Labor is a huge cost—that you cannot tariff against. Sorry Ididnt explicitly spell that out.
The sudden and irrelevant injection of decreased labor costs
This post was edited on 10/26/24 at 1:29 pm
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