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Message
re: So Trump was right again?? Re: Chinese tariffs.
Posted on 5/14/24 at 8:35 am to Turbeauxdog
Posted on 5/14/24 at 8:35 am to Turbeauxdog
quote:I can. It's true. We often say "corporations dont' pay taxes" because they just pass them through to customers. (true). What do you think importers do when they are taxed? Trump has proposed a 10% across the board tariff on all imported goods. What do you think will happen to the price of imported goods? I believe in you man. You can figure it out.
I can't believe people still believe this.
This post was edited on 5/14/24 at 8:36 am
2
Posted on 5/14/24 at 8:37 am to Taxing Authority
quote:
I can. It's true. We often say "corporations dont' pay taxes" because they just pass them through to customers. (true). What do you think importers do when they are taxed? Trump has proposed a 10% across the board tariff on all imported goods. What do you think will happen to the price of imported goods? I believe in you man. You can figure it out.
So I guess we just ignore the cost of living under Trump vs our current cost of living to buy your bullshite
Posted on 5/14/24 at 8:38 am to RogerTheShrubber
quote:
MAGA loves to tax the working guy.
If Trump doesn’t win, our taxes will go up about 3%.
Posted on 5/14/24 at 8:52 am to LNCHBOX
quote:Ye. You can safely do that because very few of Trump threatened tarriffs were actually enacted. Remember when Trump suspended implementation of the Chinese import tarriff "so Americans could have a nice Christmas"?
So I guess we just ignore the cost of living under Trump vs our current cost of living to buy your bullshite
Even Trump knows tarriffs are inflationary. Posted on 5/14/24 at 8:52 am to stout
quote:
IB Freeman is currently running a hose
I(D) Freeman loves him some Biden tariffs.
Posted on 5/14/24 at 8:53 am to TrueTiger
quote:
Biden continues to float Trump policy as solutions.
Bill Clinton's entire '96 platform was a a rebranded "Contract With America" that he and his ilk referred to as "Contract On America."
Posted on 5/14/24 at 9:07 am to Taxing Authority
quote:
I can. It's true. We often say "corporations dont' pay taxes" because they just pass them through to customers. (true). What do you think importers do when they are taxed? Trump has proposed a 10% across the board tariff on all imported goods. What do you think will happen to the price of imported goods? I believe in you man. You can figure it out.
They would go up.
But that's not what Trump did.
Trump imposed tariffs where China engages in nationalistic mercantilism specifically targeted at eroding certain industries through dumping which is a violation of our free trade agreements.
China steals market share through these practices and permanently discourages investment where even if they raised prices no one would invest because they'll just dump again.
That's why dumping is a violation of free trade agreements.
So over the long term the effect, if you don't punish China, is you have eroded your middle class and their earning power and you'll have high prices when there isn't competition.
This isn't even all that complicated. All these basic economic principles that the simpletons on this board, like sfp, drone on and on about have a built in assumption that they perpetually ignore.
ORDERLY MARKETS
China's activities don't qualify, so that assumption doesn't hold, so neither do your simplistic economic conclusions based on that assumption.
It's not like we don't already know the answer. Real wages rose and inflation was stable and low during the application of these tariffs
Posted on 5/14/24 at 9:10 am to Taxing Authority
quote:
Ye. You can safely do that because very few of Trump threatened tarriffs were actually enacted. Remember when Trump suspended implementation of the Chinese import tarriff "so Americans could have a nice Christmas"? Even Trump knows tarriffs are inflationary.
Wait, just a post ago you were saying we were being taxed due to his policies. You can't even keep your story straight. TDS is amazing
Posted on 5/14/24 at 9:23 am to Bass Tiger
quote:
quote:
Biden continues to float Trump policy as solutions. He just hopes we forget.
When Trump economic adviser Peter Navarro was constructing the tariff policies against the CCP and Mexico many on the left and a lot of the Anti Trump Consortium were apoplectic over such restrictive trade policies..
Yeah. It's called TDS.
Posted on 5/14/24 at 9:24 am to RogerTheShrubber
quote:
MAGA loves to tax the working guy.
Whoa... Now you sound like a populist, Roger.
Posted on 5/14/24 at 9:25 am to Taxing Authority
quote:
No. Still dumb. But that's our choice this go around. Dumb or dumber.
Posted on 5/14/24 at 9:29 am to TrueTiger
quote:
He just hopes we forget.
He doesnt have to. People like RonRicks and BamaAtl will simply ignore the truth and pretend it was his idea all along, and the rest of society will have the media to gaslight and lie to them about how this makes sense now (but didnt then).
Posted on 5/14/24 at 9:32 am to Turbeauxdog
quote:
They would go up.
But that's not what Trump did.
Trump imposed tariffs where China engages in nationalistic mercantilism specifically targeted at eroding certain industries through dumping which is a violation of our free trade agreements.
China steals market share through these practices and permanently discourages investment where even if they raised prices no one would invest because they'll just dump again.
That's why dumping is a violation of free trade agreements.
So over the long term the effect, if you don't punish China, is you have eroded your middle class and their earning power and you'll have high prices when there isn't competition.
This isn't even all that complicated. All these basic economic principles that the simpletons on this board, like sfp, drone on and on about have a built in assumption that they perpetually ignore.
ORDERLY MARKETS
China's activities don't qualify, so that assumption doesn't hold, so neither do your simplistic economic conclusions based on that assumption.
It's not like we don't already know the answer. Real wages rose and inflation was stable and low during the application of these tariffs
Posted on 5/14/24 at 9:36 am to RogerTheShrubber
quote:
RogerTheShrubber loves and will vote for joe biden
fixed
Posted on 5/14/24 at 9:45 am to Taxing Authority
quote:
Has Trump proposed (or have any chance) of repealing the income taxes?
No one has a chance of this.
Posted on 5/14/24 at 9:48 am to Turbeauxdog
quote:
So over the long term the effect, if you don't punish China, is you have eroded your middle class and their earning power and you'll have high prices when there isn't competition.
And you have a bigger welfare state to take care of.
Posted on 5/14/24 at 9:48 am to Turbeauxdog
quote:
They would go up.
Exactly.
quote:
But that's not what Trump did.
The rest of your post is merely a justification for why the good outweighs the bad. And maybe that's true, but you can't have an honest discussion about tariffs without talking about the positives and the negatives. Pretending the negatives don't even exist is foolish.
If you put a tariff on something, consumers will pay more for that something. It's a tax and it collects taxes from the people who buy that product and the government gets the money. Even Gumbo admits this, he just thinks it's worth it. Maybe it is, maybe it isn't, but you can't claim that tariffs aren't a tax increase on consumers.
Posted on 5/14/24 at 10:37 am to Flats
quote:
If you put a tariff on something, consumers will pay more for that something.
The whole point of my explanation was that over the long haul the consumer will pay more regardless, and they'll have less money for which to pay for it.
This was clearly and concisely laid out in my post.
Posted on 5/14/24 at 10:41 am to Turbeauxdog
quote:
This was clearly and concisely laid out in my post.
Well, you made this claim:
quote:
So over the long term the effect, if you don't punish China, is you have eroded your middle class and their earning power and you'll have high prices when there isn't competition.
That's not an argument, it's just a claim. You can justify any economic strategy this way. "Well, yeah, it's bad at first but it turns out better in the long run than your plan."
Posted on 5/14/24 at 10:56 am to Turbeauxdog
quote:Not really. Take one of his most high-profile tariffs on solar panels. The US has virtually zero solar panel manufacturing. The only facility I know of that started up, was an already obsolete plant in the NW that the owners hoped to use as good will to lobby for tarriff relief on their Mexican imports. That facility shut down a few months later when it became obvious they would get no relief. The tariff only served to raise prices.
Trump imposed tariffs where China engages in nationalistic mercantilism specifically targeted at eroding certain industries through dumping which is a violation of our free trade agreements.
Biden is proposing an even higher solar panel tariff, btw. Like I said… dumb and dumber.
quote:Nah. What discourages capex is. regulatory environment and cost of labor.
China steals market share through these practices and permanently discourages investment
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