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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
Posted by GeorgeTheGreek
Sparta, Greece
Member since Mar 2008
66448 posts
Posted on 7/20/18 at 2:51 pm to
This thread is incredibly fricking stupid.
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 2:53 pm to
quote:

But saying "tax" belies Trump's intention.
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.
This post was edited on 7/20/18 at 2:57 pm
Posted by GumboPot
Member since Mar 2009
118854 posts
Posted on 7/20/18 at 2:57 pm to
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 by FT
REDACTED
Member since Oct 2003
26925 posts
Posted on 7/20/18 at 2:58 pm to
As long as you know they’re made in China.
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 3:00 pm to
It’s Tariff Time: What Can Adam Smith Teach Us About Trade Policy Today?

In regards to retaliatory tarrifs:
quote:

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.
Although maybe you “not a tax” people are getting your economic views from Karl Marx instead.
This post was edited on 7/20/18 at 3:01 pm
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 3:03 pm to
quote:

Did you miss this part of my post you responded to?
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.
This post was edited on 7/20/18 at 3:04 pm
Posted by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5715 posts
Posted on 7/20/18 at 3:09 pm to
What are your thoughts on all the taxes we have to pay to other countries to sell our stuff over there?
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 3:11 pm to
quote:

What are your thoughts on all the taxes we have to pay to other countries to sell our stuff over there?
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.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 7/20/18 at 3:12 pm to
quote:

are you implying, as the rest are, that the existence of the word "tariff" somehow implies that a tariff is not a tax?
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.

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 by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 3:13 pm to
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 by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5715 posts
Posted on 7/20/18 at 3:14 pm to
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 by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63066 posts
Posted on 7/20/18 at 3:15 pm to
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 by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 7/20/18 at 3:17 pm to
quote:

we should definitely get moving on a multilateral deal where they lower their taxes on their people/businesses and we do the same.
The additional sloppiness in not separating terms "tax" and "tariff" lies with VAT as a separate and distinct trade assessment from Tariff
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 7/20/18 at 3:17 pm to
quote:

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.
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.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 3:23 pm to
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 by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/20/18 at 3:25 pm to
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 by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5715 posts
Posted on 7/20/18 at 3:38 pm to
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 by CptRusty
Basket of Deplorables
Member since Aug 2011
11740 posts
Posted on 7/20/18 at 3:40 pm to
quote:

Trump said he's prepared to raise taxes


Posted by cas4t
Member since Jan 2010
70922 posts
Posted on 7/20/18 at 3:40 pm to
quote:

No like KAG hats



No, like actually MAGA hats
Posted by cas4t
Member since Jan 2010
70922 posts
Posted on 7/20/18 at 3:41 pm to
quote:

However it's disingenuous because tax implies income tax.


wtf? Maybe if you skipped all of freshman level economics.
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