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Message
re: Tariffs are simply taxes
Posted on 2/1/25 at 8:11 pm to NC_Tigah
Posted on 2/1/25 at 8:11 pm to NC_Tigah
quote:
but the raw deal were are getting is sending $1T in taxable revenue abroad every year w/o collecting taxes on it ourselves. We are pissing away $100B in annual revenue in a tax scenario where foreign governments would often cover some of those costs
It’s telling that your default setting here is what revenue comes to the federal government.
Not that maybe an American company or individual was able to purchase a good for a cheaper price, which ultimately frees up other capital to do other things. But to you, that needs to be punished. Oh, my bad not punished, just a taxable event.
This post was edited on 2/1/25 at 8:12 pm
1
Posted on 2/1/25 at 8:12 pm to Colonel Flagg
quote:If you had the choice of a Guatamalan tee shirt for $10 or the same shirt made in America for $240 whcih one would you buy?
So you are cool with taking advantage of people of other countries to make things cheaper for you to buy at the store?
Posted on 2/1/25 at 8:15 pm to Taxing Authority
quote:
If you had the choice of a Guatamalan tee shirt for $10 or the same shirt made in America for $240 whcih one would you buy?
Hyperbole is not helping your argument. Rather, it makes you look foolish and less likely to be taken seriously.
Posted on 2/1/25 at 8:15 pm to Ten Bears
quote:Yet, in your ridiculous terms here, you apparently had no clue that the purpose of your entrepreneurialism was to fill government coffers. Welcome to the real world TB.
I’m familiar with both because they are one and the same for me.
But as long as you and I are "filling the government coffers," what's the objection to China, Japan, the EU, etc pitching in a bit to do the same?
Posted on 2/1/25 at 8:16 pm to NC_Tigah
quote:One where tariffs were "successful" and we had to buy domestically produced TVs made from domestiacally sourced parts.
Under what circumstance would that happen?
quote:I don't see how you can ignore that the strong dollar buys more from foreign sources than it does domestically then simply say it's irrelevant. Under what condition would you expect the storngest currency nation on the planet to run a trade surplus? How do you propose that would happen?
Regarding the trade deficit, you want to discuss why it exists, which again is fine.
But the relevance, in terms of tariff economics, is that it exists at all.
That's why the peripheral stuff is, as I said, irrelevant.
quote:Indeed. Thnk it through. It's a clue. You're almost there.
If the dollar nosedives, or the US develops some massively exportable product, etc., and the trade deficit vaporizes, so too will any economic rationale for tariffs.
This post was edited on 2/1/25 at 8:17 pm
Posted on 2/1/25 at 8:21 pm to BuckyCheese
quote:Unfortunately it's not hyperbolic. A 24x COGS exists in lots of industries today. People seem to have no idea how expensive it is to produce in the US.
Hyperbole is not helping your argument. Rather, it makes you look foolish and less likely to be taken seriously.
But... even if you want to ignore that... given the choice... Americans wouldn't pay $2 more for shirts for the "Made in America" tag in it.. There's a reason WalMart dropped their American first marketing and products. Consuemrs. Do. Not. Care.
Posted on 2/1/25 at 8:21 pm to RogerTheShrubber
quote:
Funny watching a union lackey try to job shame someone else and having to lie in the process.
.
You would probably make more money as a tour bus driver that what youre doing now.
To you, Merit is a curse word.
Gonna be a fun 4 years with you melting the whole time.
Posted on 2/1/25 at 8:22 pm to Taxing Authority
quote:
you had the choice of a Guatamalan tee shirt for $10 or the same shirt made in America for $240 whcih one would you buy?
My union local just had t-shirts made that were American and I thi j they came out to $10 a pop.
This was in bulk of course
This post was edited on 2/1/25 at 8:23 pm
Posted on 2/1/25 at 8:25 pm to Taxing Authority
quote:
There's a reason WalMart dropped their American first marketing and products. Consuemrs. Do. Not. Care.
Got a set of Nordic Ware frying pans recently. The set was $90 and I mostly got it over the Chinese Hexclad ones even though it was like $20 more. I go out of my way to buy American every chance I get. And if I can't buy American I try my best to not buy Chinese.
And those pans were totally worth dropping $90 on
This post was edited on 2/1/25 at 8:27 pm
Posted on 2/1/25 at 8:29 pm to Taxing Authority
quote:
Unfortunately it's not hyperbolic.
Yes, it is.
If you said double, fine because there are examples of that. I seem to recall American Apparel having pretty nice mainstream shirts made in the US.
24x is comparing a shirt made in Guatemala to a Palm Angels shirt.
Both shirts. Not the same market.
Posted on 2/1/25 at 8:30 pm to Ten Bears
quote:Before you step in it further, like you, I am keenly experienced in corporate ownership.
Not that maybe an American company or individual was able to purchase a good for a cheaper price, which ultimately frees up other capital to do other things. But to you, that needs to be punished. Oh, my bad not punished, just a taxable event.
So, in the worse case scenario, the one you are forwarding, with 100% US consumer exposure to tariff expense (something btw we've not come close to seeing from the likes of China), the impact of tariffs would be identical to a sales tax. At that point a corporate purchaser would need to look at other sources.
If, hypothetically, Chinese goods + tariff exceeded the cost of identical Mexican goods, the company might choose to rethink its sourcing. When that occurred across the market, China would likely find a way to subsidize its exporters to preserve market share, eating some of the cost of tariffs in the process.
Posted on 2/1/25 at 8:34 pm to NC_Tigah
Posted on 2/1/25 at 8:37 pm to Seldom Seen
quote:
Tariffs are simply taxes
No they aren't. Only an idiot think that tariffs are "simply taxes"
Posted on 2/1/25 at 8:37 pm to TigersHuskers
quote:That doesn't make you a majority of consumers.
I go out of my way to buy American every chance I get.
Posted on 2/1/25 at 8:42 pm to BuckyCheese
quote:Pretend all you like. But I help companies make decisions on stuff like this all the time.
Yes, it is.
quote:You're comparing price. Not cost.
24x is comparing a shirt made in Guatemala to a Palm Angels shirt.
quote:Ok. We can pretend that's accurate, and my point will still stand. It will stand at 10 or 20%.
If you said double, fine because there are examples of that.
American consuerms are known for buying on price rather than quality. I remember in the 90s I bought some really, really nice Sony electronics in Taiwan, because we couldn't get them in the US. They sold the cheap junk in America like hotcakes.
It odd. Earlier in this thread someoen was complaining that American consurmer purchasing power has been reduced. What happens if the price of things double (your number)?
This post was edited on 2/1/25 at 8:44 pm
Posted on 2/1/25 at 8:46 pm to NC_Tigah
quote:Or the Mexicans would start improting Chinese goods to import tariff free.
If, hypothetically, Chinese goods + tariff exceeded the cost of identical Mexican goods, the company might choose to rethink its sourcing.
Posted on 2/1/25 at 8:53 pm to Seldom Seen
Fine, I wont buy foreign products...I pay no extra taxes
Oh wait...there are whole industries where no products are made in our huge country with tons of land and people to work and I must buy foreign products???
Yeah Rand, sorry but doing the "same ol same ol" drove away all the manufacturing here in the US.
Maybe the "tariffs are the worst" people are right...but I know their plan sucks. Give me an alternative to tariffs and ill listen. If you are just gonna throw stones from the peanut gallery, I have no time for that. Im riding with Trump
Oh wait...there are whole industries where no products are made in our huge country with tons of land and people to work and I must buy foreign products???
Yeah Rand, sorry but doing the "same ol same ol" drove away all the manufacturing here in the US.
Maybe the "tariffs are the worst" people are right...but I know their plan sucks. Give me an alternative to tariffs and ill listen. If you are just gonna throw stones from the peanut gallery, I have no time for that. Im riding with Trump
This post was edited on 2/1/25 at 8:54 pm
Posted on 2/1/25 at 8:56 pm to Taxing Authority
I was simply pointing out that your use of hyperbole does not help your argument. If you want to ignore that, continue. I just won't put any stock in the numbers you throw out.
Pretty simple.
I'm in an industry that is around 90% imports, so I have a pretty good idea what the numbers are in my niche.
Pretty simple.
I'm in an industry that is around 90% imports, so I have a pretty good idea what the numbers are in my niche.
Posted on 2/1/25 at 8:59 pm to BuckyCheese
quote:I didn't ignore it. I've directly addressed it. And have a look at the numbers in the post I was responding to. $10/day vs $30/hr. That's a 24x multiple, you call hyperbolic. Except it isn't.
I was simply pointing out that your use of hyperbole does not help your argument. If you want to ignore that, continue
quote:LIke the guy willing ot pay more for some pans... it doesn't make you an entire economy. But even you're talikng double the cost.. you're going to need a >100% tariff just to match price. That's... unlikely.
I'm in an industry that is around 90% imports, so I have a pretty good idea what the numbers are in my niche.
This post was edited on 2/1/25 at 9:05 pm
Posted on 2/1/25 at 9:16 pm to Taxing Authority
quote:Seems like you've had a head start
Indeed. Thnk it through. It's a clue. You're almost there.
Cheers.
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