Nike makes huge profits by using slave labor and exploiting the "brown people" you spend your life pretending you care about.
If you weren't a hypocrite and a fool you'd be mad at Nike not the guy trying to level the playing field. Nike's profit margin is like 40%. They make the absolute trash over at Apple look human.
Out of curiosity I took a look at the profit margins of Nike. Here's are the averages for the past 5 years:
Pretax Margin 12.4% Net Margin 10.7% Free CF Margin 9.8%
Nike is a bit above the average US corporation but they are nowhere close to 40%.
Your analysis is incomplete and not calculating into the future which 99.999% of any company does for FY 2025 and beyond.
Now add to your analysis 30% tax cut + 50-60% and easily huge profit.
4th time I've asked Republicans and have not gotten a simple yes or no. Will you buy any super shoe racing flat with the added 50%-60%a tariff costing $500-$600?
Out of curiosity I took a look at the profit margins of Nike. Here's are the averages for the past 5 years:
Pretax Margin 12.4% Net Margin 10.7% Free CF Margin 9.8%
Nike is a bit above the average US corporation but they are nowhere close to 40%.
Your analysis is incomplete and not calculating into the future which 99.999% of any company does for FY 2025 and beyond.
Now add to your analysis 30% tax cut + 50-60% and easily huge profit.
4th time I've asked Republicans and have not gotten a simple yes or no. Will you buy any super shoe racing flat with the added 50%-60%a tariff costing $500-$600?
I'm not a republican but I was pretty clear that only an idiot would pay $500-$600 for a pair of shoes.
Use tariff money to offer tax credit to US companies to make it cheaper for them to operate in the US.
This is thinking outside the box but this did not happen historically and won't happen now.
Tariffs harm the exporting countries, harm the consumers of the importing countries, and also cause retaliatory tariffs that harm producers, decreases competition, and enable further price increases by local corporations.
Many US producers get hurt, all US consumers get hurt.
Tariffs do have an initial negative cost impact when imposed. Ideally, they're meant to deter flooding the American market with cheap-substandard goods which could be manufactured in the U.S. and are taking away jobs. China is notorious for flooding countries' economies with cheap goods produced through cheap labor and subsequently strengthening their own economy. It's a form of leverage to slow down the import of substandard goods and incentivize manufacturing at home. Also, why people have an issue with corporate tax breaks I don't understand. Large corporations create a lot of jobs, if they're highly taxed, they simply pack up and move to another country or state taking the jobs they created away which in turn causes unemployment. Trump simply uses tariffs to bring countries to the negotiating table to make a deal for goods and or services. This is a classic tried and true business practice. The problem is that people don't understand that running a country is a business, and if a country wants to be a player on the world stage and not be overtaken and taken advantage of, they need to be smart and learn to play the game.
This is thinking outside the box but this did not happen historically and won't happen now.
Tariffs harm the exporting countries, harm the consumers of the importing countries, and also cause retaliatory tariffs that harm producers, decreases competition, and enable further price increases by local corporations.
Many US producers get hurt, all US consumers get hurt.
Tariffs do have an initial negative cost impact when imposed. Ideally, they're meant to deter flooding the American market with cheap-substandard goods which could be manufactured in the U.S. and are taking away jobs. China is notorious for flooding countries' economies with cheap goods produced through cheap labor and subsequently strengthening their own economy. It's a form of leverage to slow down the import of substandard goods and incentivize manufacturing at home. Also, why people have an issue with corporate tax breaks I don't understand. Large corporations create a lot of jobs, if they're highly taxed, they simply pack up and move to another country or state taking the jobs they created away which in turn causes unemployment. Trump simply uses tariffs to bring countries to the negotiating table to make a deal for goods and or services. This is a classic tried and true business practice. The problem is that people don't understand that running a country is a business, and if a country wants to be a player on the world stage and not be overtaken and taken advantage of, they need to be smart and learn to play the game.
The arguments in this thread largely driven by political preconceptions and on the liberal side in good part by TDS. The folks categorically criticizing tariffs are denying millennia of experience using them as a sound economic instrument in free markets composed of sovereign entity players.
The categorical tariff critics fundamentally don’t seem to understand the redistributive value of tariffs, aka socialism, in the local economy. Increased cost for the importing consumers or producers resulting from the tariff tax itself is seen solely as a burden, but it’s not. Tariff tax is money in the hands of the government that it can use at it pleases, including to offset deficits, offer selective corporate subsidies, bootstrap new tech industries, or broad welfare. That money has value as an investment into national wealth and is not a burden at the nation level.
Trump can promote socialist policies because Nixon can go to China.
You Republicans have NOT answered the question. Will you pay $500-600 for supper race shoes due to the 50%-60% added tariffs on ALL shoes.
No one on this forum needs super race shoes.
Why are we pretending that the point of the tariff is the tariff itself?
this is an excellent point
the point of the canada and mexico tariffs, as trump has told us, is punitive, in regard to illegal immigration and drug transport over the borders. Nothing economic.
This post was edited 19 seconds after it was posted.
Out of curiosity I took a look at the profit margins of Nike. Here's are the averages for the past 5 years:
Pretax Margin 12.4% Net Margin 10.7% Free CF Margin 9.8%
Nike is a bit above the average US corporation but they are nowhere close to 40%.
Your analysis is incomplete and not calculating into the future which 99.999% of any company does for FY 2025 and beyond.
Now add to your analysis 30% tax cut + 50-60% and easily huge profit.
4th time I've asked Republicans and have not gotten a simple yes or no. Will you buy any super shoe racing flat with the added 50%-60%a tariff costing $500-$600?
I'm not affiliated with any party. That response was not towards you and I would not call it an analysis. Don't know the last time I bought a pair of Nikes. But to your question, I would not pay that much for racing shoes.
As a matter of economics, I agree with those that say tariffs are counterproductive. As a matter of politics, it's a shame people are misled to think foreign countries or foreign corporations pay tariffs in some way, shape, or form. As a consumer, hopefully it's obvious but I really dislike paying more for the same exact thing.
It's very clear that Trump lowers taxes for corporations but increases taxes for the consumer.
Tariffs do have an initial negative cost impact when imposed. Ideally, they're meant to deter flooding the American market with cheap-substandard goods which could be manufactured in the U.S. and are taking away jobs. China is notorious for flooding countries' economies with cheap goods produced through cheap labor and subsequently strengthening their own economy. It's a form of leverage to slow down the import of substandard goods and incentivize manufacturing at home. Also, why people have an issue with corporate tax breaks I don't understand. Large corporations create a lot of jobs, if they're highly taxed, they simply pack up and move to another country or state taking the jobs they created away which in turn causes unemployment. Trump simply uses tariffs to bring countries to the negotiating table to make a deal for goods and or services. This is a classic tried and true business practice. The problem is that people don't understand that running a country is a business, and if a country wants to be a player on the world stage and not be overtaken and taken advantage of, they need to be smart and learn to play the game.
The arguments in this thread largely driven by political preconceptions and on the liberal side in good part by TDS. The folks categorically criticizing tariffs are denying millennia of experience using them as a sound economic instrument in free markets composed of sovereign entity players.
The categorical tariff critics fundamentally don’t seem to understand the redistributive value of tariffs, aka socialism, in the local economy. Increased cost for the importing consumers or producers resulting from the tariff tax itself is seen solely as a burden, but it’s not. Tariff tax is money in the hands of the government that it can use at it pleases, including to offset deficits, offer selective corporate subsidies, bootstrap new tech industries, or broad welfare. That money has value as an investment into national wealth and is not a burden at the nation level.
Trump can promote socialist policies because Nixon can go to China.
I kind of like what you are doing here - forcing the former conservatives who voted for the Republicans to admit that they have switched ideologies. The 'right wingers' are now pursuing a socialist (rather than conservative) economic policy.
They must have some serious cognitive dissonance as they vote for all this big government.
Carry on.
This post was edited 43 seconds after it was posted.
The arguments in this thread largely driven by political preconceptions and on the liberal side in good part by TDS. The folks categorically criticizing tariffs are denying millennia of experience using them as a sound economic instrument in free markets composed of sovereign entity players.
The categorical tariff critics fundamentally don’t seem to understand the redistributive value of tariffs, aka socialism, in the local economy. Increased cost for the importing consumers or producers resulting from the tariff tax itself is seen solely as a burden, but it’s not. Tariff tax is money in the hands of the government that it can use at it pleases, including to offset deficits, offer selective corporate subsidies, bootstrap new tech industries, or broad welfare. That money has value as an investment into national wealth and is not a burden at the nation level.
Trump can promote socialist policies because Nixon can go to China.
I kind of like what you are doing here - forcing the former conservatives who voted for the Republicans to admit that they have switched ideologies. The 'right wingers' are now pursuing a socialist (rather than conservative) economic policy.
They must have some serious cognitive dissonance as they vote for all this big government.
Carry on.
Can’t care in the least. This point is only of interest or concern to folks like you whose heads are stuck within the confines of preconceived political biases.
Your posts are entirely kneejerk ideological. None demonstrate any depth of economics knowledge at all.
This is thinking outside the box but this did not happen historically and won't happen now.
Tariffs harm the exporting countries, harm the consumers of the importing countries, and also cause retaliatory tariffs that harm producers, decreases competition, and enable further price increases by local corporations.
Many US producers get hurt, all US consumers get hurt.
Tariffs do have an initial negative cost impact when imposed. Ideally, they're meant to deter flooding the American market with cheap-substandard goods which could be manufactured in the U.S. and are taking away jobs. China is notorious for flooding countries' economies with cheap goods produced through cheap labor and subsequently strengthening their own economy. It's a form of leverage to slow down the import of substandard goods and incentivize manufacturing at home. Also, why people have an issue with corporate tax breaks I don't understand. Large corporations create a lot of jobs, if they're highly taxed, they simply pack up and move to another country or state taking the jobs they created away which in turn causes unemployment. Trump simply uses tariffs to bring countries to the negotiating table to make a deal for goods and or services. This is a classic tried and true business practice. The problem is that people don't understand that running a country is a business, and if a country wants to be a player on the world stage and not be overtaken and taken advantage of, they need to be smart and learn to play the game.
I don't know that the negative impact is short-lived. Tariffs once put in place, tend to stay around and continue their negative impact for a long time. It also reduces competition, and reduced competition leads to other problems, complacency, more rising prices.
As a shareholder, I cannot disagree with corp tax breaks. It is peculiar however, that the drop in corp tax revenue gets propped up by imposing tariffs passed on to consumers (even if that is not deliberate).
A worker losing a job is a very unfortunate situation. But a job should go to who does it better or does the same thing cheaper. It doesn't just happen between countries, it happens domestically also, in big cities, and rural America. That's capitalism. Workers also lose jobs not just to competition, but also to technologies. Do we say stop hiring companies with earth movers, go find a company that only uses hand-held shovels because it will save jobs... We do what is efficient.
Me a libertarian: “people should be allowed to voluntarily enter employment agreements”
AdultInTheRoom, a communist: 😡😡
The libertarian that demanded 2 year olds be force injected with experimental vaccines and demanded these 2 year olds wear masks while playing outside in their own yards...
lol...
You want to tell people they cannot enter into voluntary working agreements because you think the CEO of the company is liberal. You are a crazy statist
You Republicans have NOT answered the question. Will you pay $500-600 for supper race shoes due to the 50%-60% added tariffs on ALL shoes.
No one on this forum needs super race shoes.
Why are we pretending that the point of the tariff is the tariff itself?
The point is the tariff.
2nd time again I've had to explain to you . ALL shoes will have a tariff of 50%-60%.
Therefore Republicans who voted for the candidate imposing the 50%-60% price increase on ALL shoes are OK paying for super shoes or just basic running shoes for $200-$500.
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
You don’t even know what national wealth means and have demonstrated no ability to reason quantitatively in this entire thread, so anything you say is just pulled out of your rear.
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
Depressing thought of the day: No matter HOW bad Trump does in the next 4 years, none of it will fix the stupidity of this country.
Sure, we might get a little reprieve, when America reflexively swings away from Rs in 2026 and/or 2028. But WHO will be surprised when they go back to voting for Trump Wanna Be's in 2030 and beyond? NO ONE.
America. A fairly dumb, and VERY unsophisticated country. Adults? Not many, not really.
Trumps not even in office yet and the Dimms have their panties in a wad.
Hey moran, here's what "history" is never going to get around: A president tried to stay in power after losing an election, and the country re-elected him 4 years later. A permanent stain on our history. MAYBE we'll eventually get permanently better (seems doubtful), but nothing can undo what that says and will say about the state of America RIGHT NOW.
Take your average Trumper and erase their memory from the last 10 years. Now, tell them that a president-elect named "Trump" - Yep, the same blowhard from the TV show - just nominated the existing slate of secretaries and other senior government leaders.
HOW MANY wouldn't say, emphatically, "WTF ?!?!?!"
But what do we have INSTEAD?? Cult-like compliance. Abraded knees. Zero self-respect.
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