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Message
re: Tariffs on importers from China going to 25% Friday, apparently
Posted on 5/6/19 at 9:41 am to RogerTheShrubber
Posted on 5/6/19 at 9:41 am to RogerTheShrubber
“B-b-but it’s a tax on the American consumer”
We all know that maximizing GDP and corporate profits is more important than any humble consideration such as community or the health of local economies.
Let’s deindustrialize, pay Chinese serfs pennies a day, and get rid of high-wage domestic manufacturing jobs so we can shift those workers into minimum wage cashiering jobs. What a great trade off.
The supposed economic costs of protectionism are only a major issue if your entire life revolves around crass, empty consumption. It really tells you a lot about these people.
We all know that maximizing GDP and corporate profits is more important than any humble consideration such as community or the health of local economies.
Let’s deindustrialize, pay Chinese serfs pennies a day, and get rid of high-wage domestic manufacturing jobs so we can shift those workers into minimum wage cashiering jobs. What a great trade off.
The supposed economic costs of protectionism are only a major issue if your entire life revolves around crass, empty consumption. It really tells you a lot about these people.
1
Posted on 5/6/19 at 9:45 am to PickupAutist
quote:
B-b-but it’s a tax on the American consumer”
Just subsidize industry directly if you really are intent on cronyism and stop making the consumer pay for it. Stick it to the taxpayer.
Someone's paying, and it's not the Chinese.
Posted on 5/6/19 at 9:48 am to I B Freeman
quote:
Boeing off another 3% this morning.
Those multinationals that want to invest more in China are nervous.
Of course the months long grounding of the Max has nothing to do with that. You outsourcers are so predictable.
Posted on 5/6/19 at 9:51 am to I B Freeman
quote:
How would like if the government suddenly taxed your property an addition 15% Friday?
Think about importers with shipments on the water expecting a 10% tariff and now being hit with two and half times that? Trump is screwing them hard.
There are risks when you choose a business model that lays off fellow citizens and deliberately chooses to do business with an enemy nation.
Sometimes those risks don't pay off.
Posted on 5/6/19 at 9:56 am to Jjdoc
quote:
So let's put it all in perspective.. 1- More Americans have jobs that more than offset the tariff costs to them in one day of work. 2- Wage growth has offset in a days work the cost of the tariffs 3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute. 4- All the while it's not hurting the US citizen, but it is hurting China who has over extended themselves and we will win due to it... thus leveling the playing field and the economy will once again soar. Literally, all you have in your complaint is it's a tax to the American people that they don't see because they have more money in their pockets WITH THEM than they did over the past 10 years without them...
Boom
Posted on 5/6/19 at 9:57 am to 90proofprofessional
IB4China is going to be pissed
Posted on 5/6/19 at 9:59 am to jnethe1
quote:
3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute.
I know it wasn't your post, but to the poster...
Mute really?
Posted on 5/6/19 at 10:00 am to RogerTheShrubber
quote:
Someone's paying, and it's not the Chinese.
And who, ultimately, pays the cost of euthanizing the middle class?
Posted on 5/6/19 at 10:01 am to jnethe1
quote:
So let's put it all in perspective.. 1- More Americans have jobs that more than offset the tariff costs to them in one day of work. 2- Wage growth has offset in a days work the cost of the tariffs 3- Trump cut taxes that completely wipe out the cost of the Tariffs making points 1 and 2 really mute. 4- All the while it's not hurting the US citizen, but it is hurting China who has over extended themselves and we will win due to it... thus leveling the playing field and the economy will once again soar. Literally, all you have in your complaint is it's a tax to the American people that they don't see because they have more money in their pockets WITH THEM than they did over the past 10 years without them...
quote:
Boom
Yep... and the skip right over it because... Well... IB has extensive business dealing with China. What China does isn't important to him. What is important is that he has the ability to screw the workers here for cheaper products.
He over states everything due to that.
Posted on 5/6/19 at 10:03 am to Boatshoes
quote:
There are risks when you choose a business model that lays off fellow citizens and deliberately chooses to do business with an enemy nation. Sometimes those risks don't pay off.
Yup.
And comparing US business ties to communist China to a US homeowners mortgage is a stupid analogy even for Ichinaman.
Posted on 5/6/19 at 10:05 am to Boatshoes
quote:
Boeing off another 3% this morning.
I love it... ANOTHER 3%..
Laughing my arse off. I love how he worded that. He's suggesting it is Trump's fault on any loses.
But as you rightfully pointed out:
quote:
Of course the months long grounding of the Max has nothing to do with that. You outsourcers are so predictable.
BTW...Boeing is down 1.6% now...
And Now 1.5%
But let's be clear on Boeing while we are at it..
Boeing traded at $141 the day prior to Trump getting elected. Today with that MASSIVE TRUMP MEANIE HEAD SELL OFF... Boeing is at $370.36 (as I type). That's more than DOUBLED under Trump.
Boeing, on 2/25/19 was over $440 per share making that MORE THAN TRIPPLED under the big bad meanie head Trump. Then the issues were made public on their MAX... Within a month they lost over $110 per share. Nothing to do with Trump.
This post was edited on 5/6/19 at 10:16 am
Posted on 5/6/19 at 10:11 am to I B Freeman
quote:you are CONTINUING to misunderstand the purpose for the tariffs. they are not a strategy for directly improving domestic economic wealth like a tax break or a stimulus package. they are a tool to fix a very specific trade imbalance, in this case caused by ip theft.
Tariffs cause economic inputs blah blah blah
until you unerstand this, you will continue to be wrong on this matter.
Posted on 5/6/19 at 10:13 am to I B Freeman
quote:one that recognizes they are doing PRECISELY what they are intended to do; bring chini to the table to discuss specific trade matters. once the playing field is level, we can resume normal trade relations. it's just not that difficult to understand. it's been explained to you about a million times. you are dense and obtuse
Some Trumpkins here will happy because Chinese markets are off further. What kind of logic is that?
Posted on 5/6/19 at 10:16 am to I B Freeman
quote:and i've already addressed this point about a dozen times. THERE WAS ALREADY PAIN due to the trade imbalance. we substituted a different pain in order to fix the underlying cause. so far, the process is working. is it complete? no.
How would like if the government suddenly taxed your property an addition 15% Friday?
Think about importers with shipments on the water expecting a 10% tariff and now being hit with two and half times that?
Posted on 5/6/19 at 10:22 am to 90proofprofessional
quote:trump has been explicit in his motivations. we are trying to fix a very specific problem. your sophistry doesn't change that.
they're not, as is indicated by the choice of the word crony, as in politically-connected insiders, operating against the best interests of america in general
quote:this has NOTHING to do with the trade problem and i feel certain you can't prove that these shadow people coerced trump into enacting unjustified tariffs. *looks at username of person i am responding to*. oh yeah, i'm positive you can't because you are a charlatan
otherwise they wouldn't need to get the government to try to get americans to change the things they choose to buy
quote:wait, you're citing the tpp as justification for your trade position? why am i surprised. i shouldn't be. you are ridiculous
TPP, which would have lowered tens of thousands of tariffs on right now, have already increased IP protections
Posted on 5/6/19 at 10:25 am to 90proofprofessional
quote:there's little chance you would recognize that this is a situation that will get worse before it gets better because you are so misled on the matter. it leads you to say things like look at the trade since then.
take a look at trade since then
quote:they have to come to the table in good faith, first. until then, your response is irrelevant
also note the distinct lack of deals
quote:where is this tpp crap coming from? that was put to bed 2 years ago.
including USMCA, which wasn't even as good as TPP
Posted on 5/6/19 at 10:27 am to 90proofprofessional
quote:the articles are still there to prove that you are a liar.
if you want me to stop saying "you didn't", maybe do something about the fact that you didn't and still haven't
Posted on 5/6/19 at 10:38 am to 90proofprofessional
quote:larf. tpp! tariffs bad! orange man bad! i have responded to his position multiple times and he hasn't proposed a defense. i wonder why. he also quizzically thinks that opposing tariffs is conservative. he's misapplying a domestic conservative idea to international trade. in his estimation, countries should just be allowed to do whatever they want and us businesses are free to seek out the most advantageous countries to do business with. on the surface, this might seem reasonable. but the problem is that it looks at trade narrowly. once an american business enters an agreement, foreign actors are stealing intellectual property that is hurting the country, not JUST the business.
state it precisely
quote:yes. everyone has a VERY good handle on ib.
does it resemble what the other poster claimed?
quote:aside from what i have already stated, i have asked repeatedly for ib to explain why he is using episodic instances to respond to a systemic problem. it's silly
describe that precisely, too, if you can
Posted on 5/6/19 at 10:42 am to yatesdog38
quote:sure. why not?
Do you really think this is going to stop IP theft?
quote:so you think all the experts who are not opposed to tariffs for ip theft are naive? you alone have it all figured out and they are wrong?
Are you that naive?
Posted on 5/6/19 at 10:44 am to I B Freeman
quote:why do you state this in a derogatory manner?
This entire trade war has been about protecting US companies investing in China
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