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Started By
Message
re: Tariffs I urge caution
Posted on 9/26/24 at 6:17 am to SlowFlowPro
Posted on 9/26/24 at 6:17 am to SlowFlowPro
quote:before free trade this was the working class
the unemployable lower class
1
Posted on 9/26/24 at 6:24 am to Gaggle
quote:
before free trade this was the working class
And our economy has kept advancing and our SOL has with it.
These people refused to adapt.
We still have a working class, and the barriers to entry are not that high. Our working class even has a huge demand for skilled labor. This population refuses to take that step.
You can make a good living in the trades, but you have to learn a skill, develop, be reliable (not even THAT reliable often), etc. This population refuses to take that step.
Posted on 9/26/24 at 6:32 am to Aubie Spr96
quote:
Tariffs are taxes on consumers. Nothing more.
So are regular taxes.
At least tariffs promote domestic jobs. What do taxes promote?
Posted on 9/26/24 at 6:37 am to OWLFAN86
quote:
Or it's you just want to know if I'm also critical of Harris or her campaign?
So Harris and Biden didn’t remove tariffs. And she wants to raise taxes.
You are going to get both under her.
So am I marking you down as a white guy for Harris?
And I’m calling you out for being a moron who only passed third grade geography. It was just funny. You went on a tirade because someone posted a video of Asians supporting trump. It got you mad for some reason.
This post was edited on 9/26/24 at 6:39 am
Posted on 9/26/24 at 6:38 am to SlowFlowPro
Luckily it doesn't matter if a Mexican or Chinese person refuses to take that step
Posted on 9/26/24 at 6:40 am to Azkiger
quote:
At least tariffs promote domestic jobs. What do taxes promote?
They're both redistributive.
I doubt many of the people on here arguing against tariffs support our tax rates and I seriously doubt any of that population wants to raise taxes.
That moves into a discussion of the real problem (spending), which isn't really applicable to a discussion about tariffs, because we can't create a taxation system based on tariffs that can address our current spending. We would collapse economically and die.
Posted on 9/26/24 at 6:44 am to SlowFlowPro
quote:
I doubt many of the people on here arguing against tariffs support our tax rates
I've seen lots of threads about tariffs over the last week or two (I suspect because progs have sent out their marching orders). I haven't seen one bitching about the current tax rate.
Posted on 9/26/24 at 6:57 am to Azkiger
quote:
I've seen lots of threads about tariffs over the last week or two (I suspect because progs have sent out their marching orders). I haven't seen one bitching about the current tax rate.
Only one is a current policy topic of debate in 2024.
ETA: why would you assume some of the only posters still arguing for small government, free market, libertarian style policies be for increased taxes?
This post was edited on 9/26/24 at 6:59 am
Posted on 9/26/24 at 7:09 am to OWLFAN86
I doubt it’s any more dangerous than spending your way out of inflation, or not having any plan at all.
But whatever your quoting was nevertheless unconvincing. Obviously, times have changed. As would tariffs. The 19th century did not have China as the manufacturing powerhouse that it is, and Trump is pretty specific about targeting them with tariffs. An argument can certainly be made that this would be as much about competitive advantage as it is about revenue.
But whatever your quoting was nevertheless unconvincing. Obviously, times have changed. As would tariffs. The 19th century did not have China as the manufacturing powerhouse that it is, and Trump is pretty specific about targeting them with tariffs. An argument can certainly be made that this would be as much about competitive advantage as it is about revenue.
Posted on 9/26/24 at 7:19 am to dgnx6
quote:
So Harris and Biden didn’t remove tariffs.
Tariffs are traditional Democrat/Union payoffs.
Posted on 9/26/24 at 7:34 am to SlowFlowPro
quote:
Only one is a current policy topic of debate in 2024.
Uh which one? Because there will absolutely need to be new tax legislation during this presidential term. Most of TCJA is sunsetting, and what’s leftover isn’t particularly good for anyone
Posted on 9/26/24 at 7:36 am to OceanMan
Long term tariffs are inflationary.
Theyre objectively bad economics. Objectively
Theyre objectively bad economics. Objectively
Posted on 9/26/24 at 7:36 am to lake chuck fan
we would still have 0% tariffs on foreign vehicles because they're actually made in america. BMW makes all their SUVs in south carolina. toyota has six giant car factories all across the south. Hyundai, Honda, Kia, Mazda, etc. all have plants in the US because shipping cars across oceans freaking sucks.
and thank god because i couldn't imagine driving an explorer over a highlander. US manufacturers need to focus on not sucking before we start making everyone else's shite more expensive.
and thank god because i couldn't imagine driving an explorer over a highlander. US manufacturers need to focus on not sucking before we start making everyone else's shite more expensive.
Posted on 9/26/24 at 7:38 am to OceanMan
quote:
Uh which one?
Tariffs
Trump's only real tax policies are silly stuff like no tax on tips/overtime.
Neither have offered any clearly defined tax policies this election season.
Now, do I think Trump will support renewing the GOPE tax cuts from his first term? Yes.
Posted on 9/26/24 at 7:39 am to OWLFAN86
The American president needs to get back to the head of the table. The USA is the largest economy in the world and our president needs to stop it from being exploiting by the rest of the world. At the same time we let them use our military for protection. It’s about time they are sat down and told how it’s going to happen rather than getting along to get along. Put all this globalism and global warming bullshite in the trash can where it belongs.
Posted on 9/26/24 at 7:43 am to DaveyJones12
quote:
toyota has six giant car factories all across the south. Hyundai, Honda, Kia, Mazda, etc
The cynic in me wonders if the decline of Japanese reliability is related.
quote:
because shipping cars across oceans freaking sucks.
Our Mazda was built in Japan, but like you I don't see how that's cost effective.
Posted on 9/26/24 at 8:22 am to i am dan
quote:
quote:Tariffs are taxes on consumers. Nothing more.
So are raised corporate taxes.
So is inflation.
Posted on 9/27/24 at 12:02 am to RogerTheShrubber
We are not jumping up and down with joy to buy shite made by slave labor. We have no other choice if we want to buy pretty much any consumer goods. This is a bad thing. People outside of the US are being exploited to produce the goods we could easily make ourselves while people in the US are paid to produce nothing at all.
Having countries that hate us make all of our shite will bite us in the arse one day. My money is on sooner rather than later.
Having countries that hate us make all of our shite will bite us in the arse one day. My money is on sooner rather than later.
Posted on 9/27/24 at 7:13 am to SlowFlowPro
quote:Goodness.
When will receipts be right at 20% of GDP?
---
Always.
I missed this response.
Income tax does not remotely approach 20% of GDP.
In 2022 (correlating to 2023 income tax) GDP was $25.46 trillion. Income tax revenue was $2.18 trillion or ~8.5% of '22 GDP. Coupled with corporate tax revenue, the grand total is $2.62 trillion, or 10.3% of '22 GDP. Hauser's reference is to ALL taxes, not just corporate and IT.
For 2023, the sum total of all taxes was $4.47 trillion, or 17.5% of GDP, not 20%.
Posted on 9/27/24 at 7:25 am to NC_Tigah
quote:
Income tax does not remotely approach 20% of GDP.
You're changing the discussion. I didn't say "income tax receipts". This is what I said
quote:
Tax receipts will be right at 20% of GDP.
And I even quoted the law's summary
quote:
Hauser's law is the empirical observation that, in the United States, federal tax revenues since World War II have always been approximately equal to 19.5% of GDP,
quote:
For 2023, the sum total of all taxes was $4.47 trillion, or 17.5% of GDP, not 20%.
You didn't read the link. First paragraph:
quote:
Historically, since the end of World War II, federal tax receipts as a percentage of gross domestic product averaged 17.9%, with a range from 14.4% to 20.9% between 1946 and 2007.[2]
Note: Hauser's Law has never been rejected in my 2 decades on this board. It was a widely-accepted standard during that entire time. However, the prior context was in response to Leftist aims to increase taxes (assuming that tax receipts would increase).
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