- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Tariffs are simply taxes
Posted on 2/1/25 at 4:55 pm to cornerstore
Posted on 2/1/25 at 4:55 pm to cornerstore
quote:
Trade wars are ok if you’re the only real consumer market
Unfortunately this ain't the case here ..
Our exporters will be hurting.
0
Posted on 2/1/25 at 4:55 pm to Seldom Seen
quote:
Tariffs are simply taxes
Yes.. BUT… tariffs let ME decided which ones I will pay and which ones I will not.
I can choose not to buy a Honda and instead buy a Ford.
I have no choice with an income tax.
Posted on 2/1/25 at 4:55 pm to SlowFlowPro
people in government that have no idea how it actually works. thanks reality TV show dipshit Trump.
Posted on 2/1/25 at 4:56 pm to SlowFlowPro
quote:
Where are libertarians advocating for the high spending?
The village idiot has arrived in the thread. Please everyone do not respond to him. Keep your conversations limited to everyone else.
Posted on 2/1/25 at 4:57 pm to Guntoter1
quote:
Yes.. BUT… tariffs let ME decided which ones I will pay and which ones I will not.
If we are projecting similar revenue, you're likely to end up paying similar taxes.
They're simply is not enough money earned by the poor to pay the tax burden. This myth that our tax burden as individuals who pay taxes now is going to get lower with tariffs does not work with basic math. There may be some insignificant, marginal decrease, but ultimately there is a hard limit on how much of the tax burden can be shifted to the lower and lower middle class
Posted on 2/1/25 at 4:58 pm to imjustafatkid
quote:
The village idiot has arrived in the thread. Please everyone do not respond to him. Keep your conversations limited to everyone else.
Translated
I don't want to answer the question and I want to ignore the increased spending and protected huge spending of Tlrump
Posted on 2/1/25 at 5:05 pm to tide06
quote:
hat would help but market forces dictate that absent intervention it’s cheaper to manufacture offshore.
Cheaper isn't the goal, it's profit and profit margins.
If you have a more productive workforce, which we used to have, then you can pay 3 or 4 times what the other labor costs are in those other countries and earn way more in profits.
Country A; Worker makes 5 widgets per hour. Each widget has a sale price of 10 bucks. Worker is paid 10 bucks an hour. Profit of 40 bucks an hour.
Country B; Worker makes 10 widgets per hour. each widget sells for ten bucks. Worker is paid 50 dollars an hour. Profit of 50 bucks an hour, even though they paid thier workers 5x more.
Of course there's a ton more that goes into it, but the real hurdles stopping manufacturing flooding into America are mostly because of our own stupid local, state, and federal regulations.
We're having a real time example of how lifting tariffs, or at least lowering them is helping the country that's doing it; Argentina. Is anyone in here really going to say Milei doesn't understand how economies work?
Posted on 2/1/25 at 5:07 pm to stuntman
quote:
If you have a more productive workforce, which we used to have, then you can pay 3 or 4 times what the other labor costs are in those other countries and earn way more in profits.
This is what we have today, and why we have such an insanely huge manufacturing output today.
This doesn't work with lower-level manufacturing where this scaling of effort/output doesn't exist. It's just about how many workers you can throw at these simple tasks, which is why the dumbest and least developed countries can step in and perform.
Posted on 2/1/25 at 5:11 pm to stuntman
quote:
Of course there's a ton more that goes into it, but the real hurdles stopping manufacturing flooding into America are mostly because of our own stupid local, state, and federal regulations.
Yep.
I know of a small scale manufacturer that injection molds all of his parts here in the US. (The molds are made here as well. Not China) He sends those parts to China for painting due to the regulatory costs of installing and operating a painting booth/line here.
Posted on 2/1/25 at 5:12 pm to BuckyCheese
Decreasing regulations are a +EV move for sure. Tariffs are not.
Posted on 2/1/25 at 5:12 pm to Seldom Seen
quote:Yes and no.
Tariffs are simply taxes
The trade deficit is the differential. Additionally, countries who enjoy a trade surplus are oft motivated to offset some or all tariff costs to assist their own economies.
Further, the nature of the trade deficit means untariffed trade exchange money, passed out of this country to purchase foreign goods, is untaxed here, and taxed there. Given the fact our trade deficit is nearly $1 Trillion. The uncaptured tax portion simply means, at best, American individuals and corporations have to make up the $1000-2000/hh difference.
Posted on 2/1/25 at 5:13 pm to Seldom Seen
Hopefully it’s a revenue stream used to replace the income tax revenue stream.
Posted on 2/1/25 at 5:22 pm to Marquesa
quote:
It's deeper than that. It's a revenue generating mechanism that forces foreign companies to open factories in the US. This creates jobs and prosperty if applied within reason
It’s deeper than that. It sparks trade wars with retaliatory tariffs that will gut the US export market. Resulting in fewer jobs and less prosperity, all the while everything becoming more expensive.
Posted on 2/1/25 at 5:29 pm to Marquesa
quote:
This creates jobs and prosperty if applied within reason
Nope.
If you look up how many manufacturing jobs the US has lost over the past 30 years or so, the numbers range around 7-8 million jobs.
Even if we got three times that many back, you're talking about roughly 25 million Americans who will be making more money than they otherwise would due to the jobs.
But all 340 million Americans will pay higher prices for goods.
Why do y'all not understand this? The cost of the labor is why those jobs were outsourced in the first place.
An American will cost the company $30 an hour for labor that a Guatemalan worker will do for $10 a day.
There's no way that the company can just absorb that kind of cost increase. It has to be passed along to the consumer. These jobs coming back to America would pretty much be the worst case scenario.
Seriously.
Why do y'all not understand this?
This post was edited on 2/1/25 at 5:34 pm
Posted on 2/1/25 at 5:33 pm to stuntman
quote:
Country A; Worker makes 5 widgets per hour. Each widget has a sale price of 10 bucks. Worker is paid 10 bucks an hour. Profit of 40 bucks an hour.
Country B; Worker makes 10 widgets per hour. each widget sells for ten bucks. Worker is paid 50 dollars an hour. Profit of 50 bucks an hour, even though they paid thier workers 5x more.
Only that's not the real difference in wages between the two scenarios.
The average Chinese factory worker gets paid $5.51 an hour.
Posted on 2/1/25 at 5:35 pm to DavidTheGnome
quote:Simpleton logic.
It’s deeper than that. It sparks trade wars with retaliatory tariffs that will gut the US export market.
In fact, retaliatory tariffs would be suicidal for trade surplus partners. In reality, those parties will do everything they can to minimize chance of tariff escalation.
Posted on 2/1/25 at 5:41 pm to cornerstore
quote:
Yes dumbfrick. We are trying to trade income taxes for tariffs. Keep the frick up
The math doesn’t work. To fund the fed govt at current levels, you’d have to impose tariffs of 175-200%. And of course, that would assume imports would stay at their current levels, which they would not. But I’m sure you know this because your economic prowess is so obvious.
quote:
Also Milton Friedman was inherently wrong about international trade. His basic premise was that labor rates would adjust to equilibrium.
So you watched a few short YouTube videos because that wasn’t his basic premise at all.
This post was edited on 2/1/25 at 5:43 pm
Posted on 2/1/25 at 5:49 pm to back9Tiger
quote:
If I get a 30% raise because of no income tax, I’ll pay more for goods and services.
Tariffs cannot replace income tax. I have read 8 or 9 articles from all kids of economists and none of them believe that this is possible. Depending on who you believe, tariffs would have to be raised anywhere between 58-80% on all imports, and that's assuming the number of imports could be sustained, which they would not.
I would rather go to the Fair Tax plan, and eliminate all income and payroll taxes, while adding a 24-30% consumption tax on to all purchases. This makes more sense.
Posted on 2/1/25 at 5:53 pm to stuntman
quote:
I cannot believe how fast so many people all of a sudden hopped on the "tariffs are good for Americans" train.
Trump was President before and used tariffs and jack shite happened. No one would have noticed if the media wasn't crying about them. People are acting like Trump hasn't been President before.
Posted on 2/1/25 at 6:00 pm to Ten Bears
quote:
The math doesn’t work.
You mean as a 100% replacement? Of course not.
But for example, if applied to the US corporate tax, we could be talking a 50% reduction, or more, which would render the US even more attractive to foreign and domestic investment.
If applied to income tax, the reductions would constitute a lower percentage of the pie.
This post was edited on 2/1/25 at 6:09 pm
Page 3 of 8
Back to top
Follow TigerDroppings for LSU Football News