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re: Trump said he's prepared to raise tariffs as trade war with China heats up

Posted on 7/20/18 at 3:46 pm to
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29190 posts
Posted on 7/20/18 at 3:46 pm to
Somebody edited my thread title
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 3:47 pm to
quote:

Somebody edited my thread title

lmao

well don't use those hurtful words next tiem
Posted by cas4t
Member since Jan 2010
70922 posts
Posted on 7/20/18 at 3:48 pm to
quote:

Somebody edited my thread title





Posted by DavidTheGnome
Monroe
Member since Apr 2015
29190 posts
Posted on 7/20/18 at 3:50 pm to
I think it brought to light the majority of the board's true economic principles and beliefs. They are willing to play mind games with themselves so long as a certain word isn't used, when in reality they are for these taxes.
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 3:53 pm to
quote:

It’s not that simple, income for the producers doesn’t just disappear into a black hole, it affects the entire economy as they spend their additional income.
But it’s time and time again show that the additional income is offset and usually outweighed by the loss of income by the consumers and the downstream industries. It benefits the few and harms the many.
quote:

The purpose of Trump’s tariffs isn’t to just arbitrarily raise prices, it’s to force other countries to reduce their taxes on our goods so we can actually have free and fair trade.
That’s been the argument for years, even when he was a primary candidate. It just seems like a poor tactic if the other side knows it and the risk is implementing harmful policies.
quote:

They need to sell to our consumers much more than our consumers need to buy from them.
Which is why we should naturally have an imbalance, why the imbalance grows when our economy grows, and why we have 35% or the total stock market capitalization. Everybody, foreign and domestic, wants to deal with the US more than anywhere else whether to sell something or invest their capital.
This post was edited on 7/20/18 at 4:10 pm
Posted by cas4t
Member since Jan 2010
70922 posts
Posted on 7/20/18 at 3:53 pm to
I can't believe we are having to debate if tariffs=taxes. Louisiana education can't be this fricking bad.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 3:55 pm to
quote:

I think it brought to light the majority of the board's true economic principles and beliefs. They are willing to play mind games with themselves so long as a certain word isn't used, when in reality they are for these taxes.

and that self-delusion is apparently coddled here, officially
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63137 posts
Posted on 7/20/18 at 3:59 pm to
Sorry your title is now more informational and clear, young upstanding tariff paying citizen.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
35507 posts
Posted on 7/20/18 at 4:02 pm to
quote:

Somebody edited my thread title

This board sometimes. Half of Jdoc's thread titles are made up out of thin air and he's never edited.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 4:03 pm to
i wonder how many lil cupcakes RA'd because of thread title butthurt
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 4:04 pm to
quote:

Half of Jdoc's thread titles are made up out of thin air and he's never

maybe he has dat premium account
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124065 posts
Posted on 7/20/18 at 4:07 pm to
quote:

trump's not levying VATs
Correct. Thanks for making my point.
He is levying tariffs to counteract them. Would you prefer he push a VAT and tariffs instead?
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124065 posts
Posted on 7/20/18 at 4:08 pm to
quote:

I think it brought to light the majority of the board's true economic principles and beliefs.
Do you?
Then you're a mess.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63137 posts
Posted on 7/20/18 at 4:09 pm to
Probably the same amount as those who HATE HATE HATE being told a tariff is a tax.

So like 2 or 3.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 4:10 pm to
quote:

He is levying tariffs to counteract them.

no such thing as counteracting a foreign tariff via a domestic tariff. that would fail to un-tax the foreign consumer

i suppose he could do something like counteracting a foreign tariff by subsidizing particular exports, but that would be crony AF

eta: regardless, this has zero bearing on whether raising tariffs can fairly be called raising taxes in a thread title
This post was edited on 7/20/18 at 4:13 pm
Posted by RIPMachoMan
Member since Jun 2011
5943 posts
Posted on 7/20/18 at 4:10 pm to
You sound surprised

Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 7/20/18 at 4:21 pm to
quote:

Somebody edited my thread title
rofl

More and more, turning into a safe space
This post was edited on 7/20/18 at 4:23 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124065 posts
Posted on 7/20/18 at 4:22 pm to
quote:

no such thing as counteracting a foreign tariff via a domestic tariff.
Well nitwit, that's where you and I will once again disagree.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124065 posts
Posted on 7/20/18 at 4:23 pm to
quote:

Somebody edited my thread title
Perhaps you should change it back and see what happens
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 4:28 pm to
quote:

Well nitwit, that's where you and I will once again disagree.

Wow, touchy.

Disagree with my statement all you like, but you're not standing on any solid ground if you do so.

Domestic protectionism like a tariff cannot strictly counteract a foreign tariff. There is no actual economic theory that even suggests otherwise.
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