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re: Someone explain the tariffs thing to me
Posted on 2/21/25 at 12:33 pm to notsince98
Posted on 2/21/25 at 12:33 pm to notsince98
quote:
I think there are two different tariff discussions:
1) Reciprocal tariffs: This is a no brainer conversation. If someone is putting a tariff on our products we should implement the same standard of tariff on theirs.
2) Tariffs to replace income taxes: I'm pretty sure this would require new tariffs independent of whatever reciprocating tariffs are in place but we essentially create a consumption tax on foreign goods only.
We have allowed other countries to take advantage of us so badly that the new reciprocal tariffs to just level the playing field will be sufficient to replace the income taxes on their own.
There may be some other tariffs beyond reciprocal to protect critical industries such as steel and aluminum but they aren’t put in place to generate enough funds to replace our income tax, but rather to protect industries vital to our national security.
Another effect of this is there will be a tremendous surge in manufacturing back here at home which will generate jobs, and supercharge our economy generating revenue through corporate taxes.
This post was edited on 2/21/25 at 12:41 pm
2
Posted on 2/21/25 at 12:34 pm to LordSnow
for people defending the tariffs what is the end game? when will it start to be a positive policy? because right now all its doing is hurting my business the markets keep getting worse and I am in the technology field and ALL of my vendors have already contacted me about price increases due to tariffs. If no taxes anymore is the goal when or if will that happen? all i know its costing me a lot of money right now.
Posted on 2/21/25 at 12:40 pm to Bjorn Cyborg
quote:
Tariff revenue for the United States. Loss of profits for the foreign competitor, which weakens them.
I know the government benefits because it gets more money but that's not the question I asked. If I sell widgets for $2 and IBChinaman sells them for $1.50 before the tariff and he still sells them for $1.50 after the tariff, how does that help me?
Posted on 2/21/25 at 12:40 pm to Kjnstkmn
quote:
We have allowed other countries to take advantage of us so badly that the new reciprocal tariffs to just level the playing field will be sufficient to replace the income taxes on their own.
That would be great but not really secure since other nations could then remove the tariffs and we'd have no federal funding source. Something would have to be established outside of reciprocal tariffs to insure revenue.
Posted on 2/21/25 at 12:41 pm to Robcrzy
for people defending the tariffs what is the end game?
Permanent corporate subsides.
Theyre just not evolved enough to understand that yet.
Wealthier nations will have trade deficits. Its a byproduct of wealth.
Posted on 2/21/25 at 12:42 pm to notsince98
It worked for over 100 years just fine. Income taxes weren’t put into place because the tariffs weren’t working, they were put in place to rob us blind by greedy usurpers in government.
Also our federal government will become a shadow of its former self and will not need as much funding- which is a great thing.
Also our federal government will become a shadow of its former self and will not need as much funding- which is a great thing.
This post was edited on 2/21/25 at 12:44 pm
Posted on 2/21/25 at 12:43 pm to RogerTheShrubber
quote:Are you asking for the stated end game or the one that may result?
for people defending the tariffs what is the end game? Permanent corporate subsides. Theyre just not evolved enough to understand that yet. Wealthier nations will have trade deficits. It’s a byproduct of wealth.
Posted on 2/21/25 at 12:45 pm to AllbyMyRelf
quote:
Are you asking for the stated end game or the one that may result?
this will be the result, permanent subsidies.
Companies are not relocating back to the USA for two years of tariffs.
This post was edited on 2/21/25 at 12:46 pm
Posted on 2/21/25 at 12:50 pm to RogerTheShrubber
quote:Ok, then I think your question is disingenuous.
this will be the result, permanent subsidies. Companies are not relocating back to the USA for two years of tariffs.
The stated end-game, policy objective, is to have the EU tariffs removed and VATs reduced. That’s what the pro-tariff people are defending. I think bringing foreign operations back the US is not the primary objective.
For you to say they’re supporting corporate subsidies is incorrect. While it’s possible for deep state swampers to mess stuff up, that would be a frustration of the policy objective, not the goal.
Posted on 2/21/25 at 12:51 pm to Kjnstkmn
quote:
It worked for over 100 years just fine.
Correct but those were not reciprocal tariffs. Those were just standard, independent tariffs not tied to other countries. Just using stand alone tariffs on our imports is a great way to fund the federal gov. Just using reciprocated tariffs would not work.
Posted on 2/21/25 at 12:52 pm to AllbyMyRelf
quote:
Ok, then I think your question is disingenuous.
Of course you would, it doesnt align with the shite Donny is selling you.
quote:
For you to say they’re supporting corporate subsidies is incorrect.
Its literally a gift to BigCorp and crushes small business.
Tell me this. Why did our nations original tariffs ONLY include finished items and not raw materials?
Since MAGA keeps pointing to our founders supporting tariffs.
Why were raw materials and components excluded?
Posted on 2/21/25 at 12:54 pm to RogerTheShrubber
quote:
Of course you would, it doesnt align with the shite Donny is selling you.
What exactly, provide quotes if you can, is donny selling?
Posted on 2/21/25 at 12:56 pm to RogerTheShrubber
To support emerging US industry as part of Hamilton’s infant industry argument.
That’s a different policy objective than the current policy objective.
That’s a different policy objective than the current policy objective.
Posted on 2/21/25 at 12:56 pm to notsince98
quote:
What exactly, provide quotes if you can, is donny selling?
Tariffs as a the savior of trumps economy.
The dumbass wants to replace income tax with tariffs. He's bat shite insane.
Posted on 2/21/25 at 12:57 pm to RogerTheShrubber
quote:
He's bat shite insane.
Terminal TDS. You ignore his actual proposal and opt to be Roger the prognosticator. That Roger is consistently 100 percent wrong.
This post was edited on 2/21/25 at 12:58 pm
Posted on 2/21/25 at 12:58 pm to AllbyMyRelf
quote:
To support emerging US industry as part of Hamilton’s infant industry argument.
Small business.
Which Trumps policy will absolutely crush.
Small businesses by foreign components because they cant compete with BigCorps "economy of scale."
They add value, create wealth. It helps everyone involved. You take that away and the only people left will be your massive corporations.
Posted on 2/21/25 at 12:58 pm to BBONDS25
quote:
You ignore his actual proposal
ts populist retardation.
And will never ever work.
Posted on 2/21/25 at 12:58 pm to RogerTheShrubber
quote:
Tariffs as a the savior of trumps economy.
The dumbass wants to replace income tax with tariffs. He's bat shite insane.
You didn't answer the question nor provide any supporting evidence for your claim.
Posted on 2/21/25 at 1:01 pm to notsince98
quote:
You didn't answer the question
I did.
quote:
nor provide any supporting evidence for your claim.
Has already been provided.
quote:
“Donald Trump announced the External Revenue Service, and his goal is very simple: to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick said on Fox News Wednesday night.
The ideology of a child. Trumps tariffs will not create enough taxes in 10 years to cover one-two year of income taxe.
This post was edited on 2/21/25 at 1:02 pm
Posted on 2/21/25 at 1:01 pm to RogerTheShrubber
From what I see, the average for small business startups grew under Trumps 1st term. He had tariffs then too.
They went sky high after Covid though. I'm guessing a lot of LLCs trying to get those PPP loans? lol
They went sky high after Covid though. I'm guessing a lot of LLCs trying to get those PPP loans? lol
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