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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 2:51 pm to DavidTheGnome
Posted on 7/20/18 at 2:51 pm to DavidTheGnome
This thread is incredibly fricking stupid.
Posted on 7/20/18 at 2:53 pm to GumboPot
quote:Intention is irrelevant and impossible to truly know anyways. It’s not a tax because of intentions, it’s a tax because it’s a tax. Although it’s good to know that you’re not only embracing a Bernie Sanders economic policy, you’re embracing his emotional justifications as well.
But saying "tax" belies Trump's intention.
This post was edited on 7/20/18 at 2:57 pm
Posted on 7/20/18 at 2:57 pm to buckeye_vol
quote:
Intention is irrelevant and impossible to truly know anyways. It’s not a tax because of intentions, although it’s good to know that you’re not only embracing a Bernie Sanders is economic policy, you’re embracing his emotional justifications as well.
Did you miss this part of my post you responded to?
quote:
I just don't see how you guys are missing his negotiation style. It's baffling. I mean it's right there in the open.
All Trump is doing is placing EVERYTHING on the negotiation table. Previous administration have removed tariffs from the negotiation table.
"How about we don't have tariffs for both countries?"
Posted on 7/20/18 at 2:58 pm to SDVTiger
As long as you know they’re made in China.
Posted on 7/20/18 at 3:00 pm to buckeye_vol
It’s Tariff Time: What Can Adam Smith Teach Us About Trade Policy Today?
In regards to retaliatory tarrifs:
In regards to retaliatory tarrifs:
quote:Although maybe you “not a tax” people are getting your economic views from Karl Marx instead.
When there is no probability that any such repeal [of a tariff in a foreign country] can be procured, it seems a bad method of compensating the injury done to certain classes of our people to do another injury ourselves, not only to those classes, but to almost all the other classes of them. When our neighbours prohibit some manufacture of ours, we generally prohibit, not only the same, for that alone would seldom affect them considerably, but some other manufacture of theirs. This may no doubt give encouragement to some particular class of workmen among ourselves, and by excluding some of their rivals, may enable them to raise their price in the home-market. Those workmen, however, who suffered by our neighbours prohibition will not be benefited by ours. On the contrary, they and almost all the other classes of our citizens will thereby be obliged to pay dearer than before for certain goods. Every such law, therefore, imposes a real tax upon the whole country, not in favour of that particular class of workmen who were injured by our neighbours prohibition, but of some other class.
This post was edited on 7/20/18 at 3:01 pm
Posted on 7/20/18 at 3:03 pm to GumboPot
quote:And it’s irrelevant to whether it’s a tax or not. And you’ve been arguing this negotiation tactic for years, and yet it seems pretty pointless if the other side knows the tactic. Plus it’s apparently escalating due to the ineffectiveness in the first place if we’re now resorting to take it to the maximum possible threat level.
Did you miss this part of my post you responded to?
This post was edited on 7/20/18 at 3:04 pm
Posted on 7/20/18 at 3:09 pm to DavidTheGnome
What are your thoughts on all the taxes we have to pay to other countries to sell our stuff over there?
Posted on 7/20/18 at 3:11 pm to Jack Bauers HnK
quote:Sucks for their citizens who have to pay higher prices because of the tax that is levied on the goods that they are or would have been buying otherwise.
What are your thoughts on all the taxes we have to pay to other countries to sell our stuff over there?
Posted on 7/20/18 at 3:12 pm to 90proofprofessional
quote:In an environment where taxes have been cut and referred to by the common nomenclature "taxes", and tariffs have been raised and referred to by the common nomenclature "tariffs", juxtaposition of the two terms is confusing.
are you implying, as the rest are, that the existence of the word "tariff" somehow implies that a tariff is not a tax?
In the same vein, I might say Michael Avenatti and Stormy Daniels were surreptitiously filmed engaged in intercourse. The reader would be misled into assuming the reference was to a sex act rather than a conversation.
That was the problem with the OP.
Posted on 7/20/18 at 3:13 pm to buckeye_vol
quote:
Sucks for their citizens
i feel for them.
we should definitely get moving on a multilateral deal where they lower their taxes on their people/businesses and we do the same.
third-party adjudication/enforcement mechanism to minimize likelihood of defection, please.
Posted on 7/20/18 at 3:14 pm to buckeye_vol
quote:
What are your thoughts on all the taxes we have to pay to other countries to sell our stuff over there?
quote:
Sucks for their citizens who have to pay higher prices because of the tax that is levied on the goods that they are or would have been buying otherwise.
It also sucks for our producers because they won’t sell those goods that foreign citizens would have otherwise bought but opted to buy from their local producers because of their taxes.
Posted on 7/20/18 at 3:15 pm to 90proofprofessional
quote:
because op clearly realized that many of y'all HATE HATE HATE hearing that
Why do you keep saying this? Who hates it? Why do they hate it? Who even argues a tariff isn't a form of tax? Again, you're destroying an argument not being made. I'll let you tell me what that is called as a way to answer your other question.
Posted on 7/20/18 at 3:17 pm to 90proofprofessional
quote:The additional sloppiness in not separating terms "tax" and "tariff" lies with VAT as a separate and distinct trade assessment from Tariff
we should definitely get moving on a multilateral deal where they lower their taxes on their people/businesses and we do the same.
Posted on 7/20/18 at 3:17 pm to Jack Bauers HnK
quote:Sure. But the solution shouldn’t be to then raise the costs of goods on all 325 million to benefit a small portion of those who may benefit, unless you’re Bernie Sanders and the far left—the most ignorant group regarding economic policy—which has been their go to solution for years.
It also sucks for our producers because they won’t sell those goods that foreign citizens would have otherwise bought but opted to buy from their local producers because of their taxes.
Posted on 7/20/18 at 3:23 pm to GRTiger
quote:
Who even argues a tariff isn't a form of tax? Again, you're destroying an argument not being made.
first of all, several people called the op an out-and-out liar. even though what he said is objectively true.
further, the (exceptionally weak) argument that "tariff" is materially different from "tax" such that it shouldn't be called "tax" has been made, and by multiple posters. usually attempted on some poorly-thought-out basis of whether it's compulsory/non-compulsory. the argument has been quickly-dispatched each time, but it was certainly made.
HTH
Posted on 7/20/18 at 3:25 pm to NC_Tigah
quote:
sloppiness in not separating terms "tax" and "tariff" lies with VAT as a separate and distinct trade assessment from Tariff
trump's not levying VATs, and to my knowledge hasn't announced that he's considering any. so what would the confusion be here
Posted on 7/20/18 at 3:38 pm to buckeye_vol
quote:
Sure. But the solution shouldn’t be to then raise the costs of goods on all 325 million to benefit a small portion of those who may benefit
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. 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. They need to sell to our consumers much more than our consumers need to buy from them.
Posted on 7/20/18 at 3:40 pm to DavidTheGnome
quote:
Trump said he's prepared to raise taxes
Posted on 7/20/18 at 3:40 pm to SDVTiger
quote:
No like KAG hats
No, like actually MAGA hats
Posted on 7/20/18 at 3:41 pm to GumboPot
quote:
However it's disingenuous because tax implies income tax.
wtf? Maybe if you skipped all of freshman level economics.
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