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re: Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs/ cut taxes 25%
Posted on 9/5/22 at 11:05 pm to Jjdoc
Posted on 9/5/22 at 11:05 pm to Jjdoc
All of the money we've spent in Ukraine would've more than set this country up for massive success in this regard. Forgivable loans to bring back manufacturing would've been so successful that no one would've blinked an eye at college loan forgiveness.
1
Posted on 9/5/22 at 11:09 pm to Jjdoc
This assumes there are 10M people who would show up to work.
Posted on 9/5/22 at 11:15 pm to LSUSkip
quote:
All of the money we've spent in Ukraine would've more than set this country up for massive success in this regard. Forgivable loans to bring back manufacturing would've been so successful that no one would've blinked an eye at college loan forgiveness.
We should make The Ukrainian pay us back. With interest
Posted on 9/5/22 at 11:51 pm to SaintsTiger
quote:Yes and no.
We need reciprocal tariffs.
Look at the volume of trade and the imbalance. If you’re exporting more to a country than you’re importing from it, a tariff penalizes you if they reciprocate.
Posted on 9/5/22 at 11:57 pm to Jjdoc
Check out the mass layoff statistics related to trade. You’ll be shocked.
Posted on 9/6/22 at 12:29 am to Jjdoc
How would creating jobs and cutting taxes help fight white supremacy? A lot of the tariffs would be against POC and I'm sure we could dig up a POC-owned business that is negatively impacted by not being able to import cheap Chinese slave labor goods and materials.
Private equity firms stacked. Middle class Americans fuuuckked.
Private equity firms stacked. Middle class Americans fuuuckked.
Posted on 9/6/22 at 12:44 am to Jjdoc
quote:
Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs/ cut taxes 25%
I reject your reality and substitute my own!
Orange Man is for tariffs. Orange Man is Nazi. Therefore, tariffs are Nazi tactics! And if you support Orange Man and tariffs, you are a super duper double Nazi!
Posted on 9/6/22 at 12:47 am to llfshoals
quote:
When you go protectionist, other countries do too. Exports have a multiplicative effect on dollars brought in through sales. We want them to buy our finished goods….badly. Encouraging other countries to put tariffs on our goods is bad. I’ll put one exception to that, and it’s China. We do need to rein in our dependence on their finished goods. Raw materials….no tariffs on imports….ever IMO. We have far too much dependence on finished goods coming from there.
Are you saying that other countries aren’t already manipulating the playing field to their advantage (especially China)? The US is the country not flexing enough because politicians are paid off in government.
This post was edited on 9/6/22 at 12:48 am
Posted on 9/6/22 at 5:48 am to Jjdoc
quote:
Tariffs on all foreign imports also translate to tax cuts for Americans.
So raising taxes (tariffs) are going to lower taxes? Interesting. Let’s see the math on that.
quote:
U.S. free trade policies have resulted in decades of job cuts, stagnant wages, and a collapse of heartland American communities.
So, Biden’s centrally planned green economy is a disaster. BUT, a protectionist centrally managed economy will be a huge hit?
Poli Board never disappoints.
Posted on 9/6/22 at 6:33 am to Jjdoc
quote:
U.S. free trade policies have resulted in decades of job cuts, stagnant wages, and a collapse of heartland American communities.
While true, have you considered how much items would cost if everything was produced in the United States even at minimum wages and not 10-15 dollars a hour people are clamoring for. Also, do we have enough of a skilled workforce to do all the jobs?
Posted on 9/6/22 at 6:35 am to Aubie Spr96
So we're in a "recessionary environment" with rampant inflation and your solution is to raise the cost of imported goods? The Smoot-Hawley Tarriff Act says hello... those who forget history are doomed to repeat it.
Posted on 9/6/22 at 6:42 am to Jjdoc
Trump was right again! And again and again and again.
Posted on 9/6/22 at 6:47 am to SWCBonfire
quote:
So we're in a "recessionary environment" with rampant inflation and your solution is to raise the cost of imported goods? The Smoot-Hawley Tarriff Act says hello... those who forget history are doomed to repeat it.
Especially with the currently strong dollar adding buying power for imported goods. And any reciprocal tariffs levied by other countries would further hamstring our exports.
Posted on 9/6/22 at 6:54 am to Jjdoc
So their estimates (go read the actual report) would cause a 2 trillion dollar jump in GDP off a 15% tariff across the board. So our exports are going to miraculously jump from 3.7 trillion to 6.4 trillion. At that rate, we’ll wipe out the trade deficit and become a net exporter of savings to the rest of the world.
So our exports are going to miraculously jump from 3.7 trillion to 6.4 trillion. At that rate, we’ll wipe out the trade deficit and become a net exporter of savings to the rest of the world. 
Posted on 9/6/22 at 7:06 am to Jjdoc
It makes labor union's support of Democrats all the more puzzling.
Democrats love piling regulations on America's manufacturers which makes producing here so expensive we've lost millions of jobs over the years. As if that isn't enough Biden will likely remove or reduce tariffs on Chinese goods implemented by Trump.
What is it going to take for labor unions to realize Democrats couldn't care less about them or their jobs?
Democrats love piling regulations on America's manufacturers which makes producing here so expensive we've lost millions of jobs over the years. As if that isn't enough Biden will likely remove or reduce tariffs on Chinese goods implemented by Trump.
What is it going to take for labor unions to realize Democrats couldn't care less about them or their jobs?
This post was edited on 9/6/22 at 7:07 am
Posted on 9/6/22 at 7:23 am to Jjdoc
It would lead to retaliatory tariffs, which means the market for US goods would shrink, which means we'd get into a rather substantial recession, maybe depression, until we right-size our economy.
And since there would be a smaller market for US goods, unemployment would be higher.
And since labor unions inflate the price of labor (and would since they would have a TON more power all of a sudden), it would mean large inflation on goods we produce domestically.
We blew our chance at a tariff based economy when grand Democrat Woodrow Wilson gave us the income tax. Can't put the toothpaste back in the tube.
And since there would be a smaller market for US goods, unemployment would be higher.
And since labor unions inflate the price of labor (and would since they would have a TON more power all of a sudden), it would mean large inflation on goods we produce domestically.
We blew our chance at a tariff based economy when grand Democrat Woodrow Wilson gave us the income tax. Can't put the toothpaste back in the tube.
Posted on 9/6/22 at 7:46 am to Jjdoc
And products for Americans more expensive
Posted on 9/6/22 at 7:49 am to Jjdoc
Do we not remember what happened during the Great Depression era?
This “lofty notion” only works until other nations predictably raise their tariffs on our goods.
This is stupid. Focus on core principles such as stop subsidizing bad economic decisions with money we don’t have, and funding that new give away by printing more money.
This “lofty notion” only works until other nations predictably raise their tariffs on our goods.
This is stupid. Focus on core principles such as stop subsidizing bad economic decisions with money we don’t have, and funding that new give away by printing more money.
Posted on 9/6/22 at 7:51 am to Jjdoc
IBaChinaMan won’t like this…
Posted on 9/6/22 at 8:26 am to Jjdoc
Yeah but the clowns on here said washing machines will go up 30 dollars cause of this
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