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re: Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs/ cut taxes 25%

Posted on 9/6/22 at 8:38 am to
Posted by Eurocat
Member since Apr 2004
15090 posts
Posted on 9/6/22 at 8:38 am to
This message board surprises me.

We have someone arguing the following.

quote:

How about this; Eliminate corp taxes and end the regulatory state. Make it so that that doing business here is less costly than other developed nations.


And then we have others saying the biggest threat to the USA today is both 1) Big Government but also 2) Big Corporations.

I first saw a link to this website called "cancel this company" here.

LINK

And the funny thing is people don't seem to realize they are arguing against themselves.

What is it now?

Let's help corporations become even bigger and stronger with tax cuts....so we can crush them?

We should do what we can to help corporations...because they are run by woke liberals?

Tax cuts now! More money for Democratic board members and liberal priorities?

I don't get it.
Posted by llfshoals
Member since Nov 2010
15613 posts
Posted on 9/6/22 at 8:53 am to
quote:

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.
I’m telling you to look at the numbers instead of “feeling” almost half our total (might be over half now) of our trade deficit is in one place, China.

Every country looks to its own interests (or should anyway). The question I’m trying to get you to look at, is does a tariff help you more, or hurt you more. In most cases you’ll find it hurts you more.

There are instances (China) where it will hurt a lot initially, but benefit you in the long term. Good luck getting a tariff through given they completely own a significant slice of our government.
Posted by Eurocat
Member since Apr 2004
15090 posts
Posted on 9/6/22 at 9:06 am to
What about the argument that a trade balance is nothing more than an asset allocation.

As John Stossell of ABC said one time -

"I run a trade deficit with my grocery store every week, but I am glad they are there because I don't want to raise my own vegetables and cattle".
Posted by umrebel2009
Member since Feb 2010
7306 posts
Posted on 9/6/22 at 9:13 am to
OK so we know for sure they won't do this because there's too many positives, any other ideas?
Posted by GumboPot
Member since Mar 2009
119559 posts
Posted on 9/6/22 at 9:19 am to
quote:

So raising taxes (tariffs) are going to lower taxes? Interesting. Let’s see the math on that.



All taxes are bad.

Income taxes with marginal tax rates ARE THE WORST. MUCH worse than tariffs. Much worse.

They are designed to keep the productive class on the treadmill. The more you make the more you pay in taxes and progressively so. Income taxes are designed to keep the Federal Reserve monetary policy and parallel congressional fiscal policy afloat.

When will people realize income taxes are the worst kind of tax slavery?
Posted by Cuz413
Member since Nov 2007
7573 posts
Posted on 9/6/22 at 9:20 am to
quote:

This is how our country generated funds before they decided to start taking it from the people.


It truly is a shame that people my age have no clue how the govt read funded before they started taking from us.

Yet they'll post some shite about how we're not teaching the real history of slavery.
Posted by GumboPot
Member since Mar 2009
119559 posts
Posted on 9/6/22 at 9:21 am to
quote:

"I run a trade deficit with my grocery store every week, but I am glad they are there because I don't want to raise my own vegetables and cattle".



Bad argument because in America we have the resources to make almost anything.
Posted by mooseofterror
USA
Member since Dec 2012
1340 posts
Posted on 9/6/22 at 9:30 am to
In other words, back to before the federal reserve was established?



You can also see the point that the gold standard was abandoned.
This post was edited on 9/6/22 at 9:33 am
Posted by Eurocat
Member since Apr 2004
15090 posts
Posted on 9/6/22 at 9:32 am to
And I have the ability to do just about anything one man can do as well.

But as I remember my sociology professor in college saying "What is a salary, what is a wage, a wage is paying someone for something you simply cannot do - for example, heart surgery, or something you do not want to do - for example, paying a maid to clean your room or so far as paying Ford to build your car or a famer to "build" your food).

So since I am willing to pay for a maid (actually I do fine without one - that is just a made up example) why can't we as a country say "Okay, Domincan Republic, tell ya what - YOU make the bannanas for us here in the USA, and we'll give you some dollars, deal?"
This post was edited on 9/6/22 at 9:40 am
Posted by Sip_Tyga
Member since Nov 2016
232 posts
Posted on 9/6/22 at 9:38 am to
The defeat for your dilemma is corporate tax cuts and deregulation remove protections for the larger corporations. One could say those things aren’t to make established ones more powerful but to keep such things from stifling competitors.
Posted by Clames
Member since Oct 2010
16733 posts
Posted on 9/6/22 at 9:43 am to
quote:

Get rid of TONS of regulations and hidden taxation, and business will flourish here without imposing even more costs on society.


Ok moron, how would that help when China can, and has been, dump millions of tons of cheap steel onto the global market? Any ideas on what else could be done to combat that? Oh, and before you spout off that we could just expand domestic production, China has around 20 billion tons in iron ore reserves and they are so deep into Brazil's arse they can pretty much claim that 30 billion tons too. The US is not even close to having that much iron available unless we start importing it from allied nations like Canada and Australia.
Posted by GumboPot
Member since Mar 2009
119559 posts
Posted on 9/6/22 at 9:44 am to
quote:

And I have the ability to do just about anything one man can do as well.

But as I remember my sociology professor in college saying "What is a salary, what is a wage, a wage is paying someone for something you simply cannot do - for example, heart surgery, or something you do not want to do - for example, paying a maid to clean your room or so far as paying Ford to build your car or a famer to "build" your food).

So since I am willing to pay for a maid (actually I do fine without one - that is just a made up example) why can't we as a country say "Okay, Domincan Republic, tell ya what - YOU make the bannanas for us here in the USA, and we'll give you some dollars, deal?"





I'm fine with trade.

Are you okay with fair trade deals? Or does it entail trade giveaways under the guise of "free trade". In other words are you okay with free trade both ways? And if the trading partner is not okay with free trade both ways are you okay with reciprocity on trade barriers?
Posted by bird35
Georgia
Member since Sep 2012
12373 posts
Posted on 9/6/22 at 9:46 am to
I agree with the study that Tariffs on foreign goods would help America.

Sadly, our politicians care more about payoffs from other Nations than helping American citizens.


Posted by Sip_Tyga
Member since Nov 2016
232 posts
Posted on 9/6/22 at 9:58 am to
I’d prefer tariffs for revenue to income taxes, but I’m not very interested in stacking tariffs on top of income taxes. Also have to be careful that tariffs for government revenue don’t become a means to protect sectors from foreign competition no matter what, as that’s just some Americans living at the expense of others.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
263331 posts
Posted on 9/6/22 at 10:04 am to
quote:

would help America.


Will it help American's though? It will cause inflation.
Posted by Flats
Member since Jul 2019
22209 posts
Posted on 9/6/22 at 10:06 am to
quote:

When will people realize income taxes are the worst kind of tax slavery?



Only a slight disagreement; property taxes are the worst. Income taxes are a very close second.
Posted by llfshoals
Member since Nov 2010
15613 posts
Posted on 9/6/22 at 10:09 am to
quote:

What about the argument that a trade balance is nothing more than an asset allocation. As John Stossell of ABC said one time - "I run a trade deficit with my grocery store every week, but I am glad they are there because I don't want to raise my own vegetables and cattle".
It takes a real moron to conflate the two. Which I’d say perfectly describes John Stossel
Posted by Jjdoc
Cali
Member since Mar 2016
53623 posts
Posted on 9/6/22 at 10:15 am to
quote:

Will it help American's though? It will cause inflation.



No... NO it won't.

Posted by llfshoals
Member since Nov 2010
15613 posts
Posted on 9/6/22 at 10:16 am to
quote:

But as I remember my sociology professor in college saying "What is a salary, what is a wage, a wage is paying someone for something you simply cannot do
Your sociology professor was an idiot. If you agree with that statement you’re an idiot.

A wage is a value you put on that person’s time to do a job you’re willing to pay them for. Nothing more, nothing less. It is an agreed upon price for that service by all parties.
Posted by TigerFan55555
Tomball, TX
Member since Nov 2008
9605 posts
Posted on 9/6/22 at 10:38 am to
quote:

How about this; Eliminate corp taxes and end the regulatory state. Make it so that that doing business here is less costly than other developed nations.



the problem is Dems use our own ideals against us, we're in a monopolistic system now. the monopolies need to be broken up so that the wealth can go to the middle class and not the board rooms or blackrock/wall street... the wealth gap is real. I dont care what anyone says. I dont trust CEO's to start paying their workers more anymore. Theyre keeping that money and its not "trickling down" yes, i know that sounds like a democrat but its actually the truth... incentivize companies through the tax code to pay their workers more.
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