re: Tariffs. What libertarian Economists don't grasp and more.

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Since we know that you cant/wont

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That's actually a very easy question to answer. See the link below.

2019 and 2019 Tariffs

From the article:

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Economists Pablo Fajgelbaum, Pinelopi Goldberg, Patrick Kennedy, and Amit Khandelwal examinedthe tariffs on washing machines, solar panels, aluminum, steel, and goods from the European Union and China imposed in 2018 and 2019. They found that US firms and final consumers bore the entire burden of tariffs and estimated a net loss to the US economy of $16 billion annually, including more than $114 billion in losses to firms and consumers, offset by small gains to protected producers and revenue gains to the government.

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Goods from the EU and China are extensive and include large construction equipment and construction materials (anybody notice the price of houses going up since 2018?). I use my house daily. You probably do too.

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Researchby economists Aaron Flaaen, Ali Hortaçsu, and Felix Tintelnot found washing machine prices increased by about $86 per unit in the months following tariffs—and dryer prices increased too, by $92 per unit, even though dryers were not subject to the tariffs. Other research has also supported the finding.

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I use those things daily as well.

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However, while the tariffs predominantly resulted in complete pass-through to import prices, that was not always the case for final retail prices. Economists Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang studied retail prices that final consumers faced for handbags, tires, refrigerators, and bicycles at two large retailers. In the first months following the tariffs, they observed no price changes, but over time, and as the tariffs increased from 10 percent to 25 percent, the prices of handbags and tires rose rapidly while the prices of refrigerators and bicycles did not seem to deviate from previous trends.

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I don't carry a handbag, but my wife does. Pretty much daily.

Tires, definitely use those daily.

And again, these are examples from the first round of tariffs in 2018 and 2019 and the results of those tariffs. The new tariffs are significantly more intense, so that much more likely to affect more goods. See below.

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President Trump’s recent tariff announcements target much broader classes of goods. Companies will likely have less ability to absorb the tariffs in the form of lower profit margins and will have to pass along higher costs to the consumer.

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Again, this has already happened, and we know the results.

What's going to be different this time?

I mean, there are numbers and arrows there so you don't get confused...

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AMENDMENT XVI

Passed by Congress July 2, 1909. Ratified February 3, 1913.

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

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The argument is that is says "income" and not "wages".

Apparently "income" is not defined in any statute whatsoever. Not 100% sure about that, but that's what I've read in the past.

I mean at least its an attempt but nothing you posted is daily used goods for the average joe. Who the fack is buying tires daily, construction equipment lulz Purses? Of cpurse the washer and dryers LMAO. You and your wife arent buying them daily. You are using items that would be better off claissified as a consumption tax


David_TDS is getting closer with sugar. How much from sugar and how much will It go up and whats the increase in price from products that use sugar

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Yeah you did hut moving past it.

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No I did not. Provide receipts where I specifically stated that YOU claimed Sowell was open border. Maybe you have me mixed up with someone else, or you're simply making stuff up at this point.

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It would be like me screaming that immigration control is a tax on the people.

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Holy twisted logic batman. Using your logic, allowing women or blacks to work, was what? a tax cut? Please. Make. The. Stupid. Stop.

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It depends. First term Trump had so many exceptions to his tariffs that they really were just the tip, and then COVID hit and distorted economic numbers to get a sense of how they really affected the overall economy. But one thing that trump did BEFORE he did tariffs was to get tax cuts passed.



See, we can agree.

The things that has to be looked at are all of the results. Not a segment of them. And here is what we do know

1- prices initially went up.
2- prices dropped in 2019.
3- other appliances rose at a higher rate that were not under tariffs.

Then as you stated COVID hit and distorted economic numbers . So what can we look at? We can look at the costs when inflation drops. Within a year we will know.

Next we can look at the jobs created directly and supporting jobs. Those continue to grow due to LG and Samsungs continued expansion with out the tariffs.

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This!

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income

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" from whatever source derived "

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If government was great and we all, or most, agreed it is, then funding government could be done voluntarily.

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That’s silly. Greed would prevent people from paying their fair share.

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Most of your life, the BEST parts of your life are almost entirely of an anarchistic nature.. Being w/ friends, having a family, going fishing, working on cars....whatever it is, it's most likely you making decisions for yourself w/ no politician or bureaucrat as a middleman.

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No doubt.

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David Friedman (Milton's son) does great work on showing how it would be cost prohibitive for the kind of mob rule you think would happen.

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Can David explain the career of Genghis Khan?

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the way I describe my views is like Dave Smith said it; Anarcho-capitalism is the North Star. Any steps towards that are a step in the right direction.

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Well, I agree with this and with, “That government is best which governs least.” But by “least” it is meant that we limit government to its necessary functions without which we WOULD NOT have a civil society.

Right. The problem is still the word "income". They never defined it, apparently. So, if wages aren't income, then wages shouldn't be taxed at all, since it's not "income".

I'm just telling you the arguments. I don't know 100% either way.

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Yet it never happens. Thanks for confirming

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Confirming that nobody is stupid enough to make an effort to respond to some meaningless request you made? Yeah, okay - I confirm that.

Fact is tariffs are often a burden on consumers. Not always, but often.