I am pro-tariff. Asian countries, without exception, have lower cost of doing business and lower cost of living (lower labor rates). If they didn't, we wouldn't be importing anything but durian fruit from them. Governments need to protect the citizens they represent with tariffs while removing government imposed costs and barriers at home. Tariffs + DOGE. It will be difficult to listen to liberal morons whine while Trump makes America significantly better than it has been under swamp rule.
you don't quite seem to understand that tariffs are a band aid. You can't protect bad companies for very long.
Didn’t read beyond the first thing I disagree with. They are not bad companies. The companies are fine. There are lower ability local people who need to be protected.
Tariffs have been around for millennia and are just a form of wealth redistribution locally. There isn’t a fundamental reason why they can’t work long term for a rich country that keeps getting richer.
tariffs mean the US companies are paying higher taxes to the US government. Just a passage of money from one american hand to another american hand..
it's not a net gain.
It is a net gain. I’ve explicitly said “US as a whole” or “total wealth of the US”. One measure is GDP, another is gross national wealth.
You can’t seriously think that tariffs have no effect on foreign company revenue and foreign country tax income. Tariffs divert some fraction of the money going out inward instead. I’ve said multiple times that that is not inconsistent with increased taxes or increased prices for some American entities or people.
heck, you called them dumb. You were a lot meaner than I was.
Yes, they have lower general intelligence. That’s just the truth. I don’t care if you think that’s mean. Every population has them. I do care about taking care of them unlike you.
Btw, the only other alternative is American exceptionalism, aka racism. It’s either that or you accept that we have a fair fraction of our own dumb people.
The difference is we are way wealthier as a whole.
Didn’t read beyond the first thing I disagree with. They are not bad companies. The companies are fine. There are lower ability local people who need to be protected.
Tariffs have been around for millennia and are just a form of wealth redistribution locally. There isn’t a fundamental reason why they can’t work long term for a rich country that keeps getting richer.
If the whole point is to support people with low-income jobs, there are much better ways to do it (in terms of bangs for the bucks), like providing free pre-K, public health care, subsidized housing etc... It would cost much less and provide much greater benefits.
Favorable trade is one of the reasons the US is now the richest country in the world. Should we have strong industrial policy to make sure crucial domestic industries are supported? Yes!!
Should we think carefully about tariffs which pass costs directly to average citizens (who generally hate inflation).. yes
you don't quite seem to understand that tariffs are a band aid. You can't protect bad companies for very long.
Didn’t read beyond the first thing I disagree with. They are not bad companies. The companies are fine. There are lower ability local people who need to be protected.
Tariffs have been around for millennia and are just a form of wealth redistribution locally. There isn’t a fundamental reason why they can’t work long term for a rich country that keeps getting richer.
They way to protect low ability people is national wealth and abundance. This raises wages and allows for generous social programs.
Blanket tariffs are just friction to trade with incredibly regressive effects -- poor people pay the price first and maximally.
Didn’t read beyond the first thing I disagree with. They are not bad companies. The companies are fine. There are lower ability local people who need to be protected.
Tariffs have been around for millennia and are just a form of wealth redistribution locally. There isn’t a fundamental reason why they can’t work long term for a rich country that keeps getting richer.
If the whole point is to support people with low-income jobs, there are much better ways to do it (in terms of bangs for the bucks), like providing free pre-K, public health care, subsidized housing etc... It would cost much less and provide much greater benefits.
Yes please, public health care sounds great. It’s one aspect of politics I actually care about, not the usual blue/red squabbles.
Unfortunately it would be the largest budget item ever and isn’t happening in America. Same with public higher ed to train people with low skills.
Your concept of being "in or out" is applicable and counterintuitive to the Republican core philosophy of LEAVE BIG GOVERNMENT OUT. If Republicans truly follow that then why do they want government to step in and impose tariffs? What ever happened to letting the free market decide. Sounds more like Democrats asking government for help.
But Democrats cannot impose ridiculous high taxes on businesses to be uncompetitive. Spending needs to looked at but not to the extent of shutting down entire branches of Gov.
Bottom line is inflation today is about 4% and corporations are making huge profits. With the 30% tax cuts corporations will be making even more ridiculous profits. The lower wage worker will again get screwed.
Its the French Revolution all over again.
Trump is a Casino con man good at the art of deception and skillfully playing people.
Hats off to the Mercer family and Steven Bannon finding their "barker".
inflation is 3%, not 4%.
2.7% by PCE, which is the Fed's favored measure.
Thanks for the 1% and 1.3% down correction for Biden " economics". Albeit Republicans claim worst inflation in USA history. I do remember 1974 and 1980.
Bottom line is the hard math data adding Trump "economy'" 60% tariff or 200% on a John Deere is true inflation a farmer in Iowa can't possibly buy.
If Republicans think, yes the farmer can afford it, explain to me how when Ag commodities are subsidised already. Which I point out above, Republicans don't want big government in the free market. If Republicans do want government in market, then they are communist like China.
We need common sense and work together. Otherwise, we will end up like Russia, Venezuela and N.Korea. Or even worst Middle East. Trump is already planting the seeds with his daughter-in-law heading up RNC and "Barron 2052" after the two other half brother dimwits.
tariffs mean the US companies are paying higher taxes to the US government. Just a passage of money from one american hand to another american hand..
it's not a net gain.
It is a net gain. I’ve explicitly said “US as a whole” or “total wealth of the US”. One measure is GDP, another is gross national wealth.
You can’t seriously think that tariffs have no effect on foreign company revenue and foreign country tax income. Tariffs divert some fraction of the money going out inward instead. I’ve said multiple times that that is not inconsistent with increased taxes or increased prices for some American entities or people.
so put 100% tariffs on everything and that would solve our national debt problem? We'd all be rich if we put 200% tariffs on everything? Let's fing go!
seriously - take your argument to its absurd ending and see if it makes any sense
Also, a country dependent on protectionism will not be a wealthy country for long. So even if there is a short term gain, long term protectionism will degrade the country and reduce its wealth and national income.
The US has absolutely thrived during the postwar opening of global markets. We vanquished europe, japan and now china. Our economy has never been this globally dominant.
Don't kill the competitive golden goose that is the American economy.
First, the incidence of a tariff is not entirely on the domestic consumer and not entirely on the foreign exporter. That depends on the word-wide price elasticities of supply and demand. Second, the theory of trade and comparative advantage (of David Ricardo) as exposited in your economics class assumes that trade is balanced (value of imports = value of exports) and does not consider the long term implications of trade that is unbalanced over decades. At some point the country enjoying a huge trade deficit will find itself paying the piper as its currency depreciates and its standard of living craters (the best example if this is once prosperous and rich Argentina).
Shaddup Mordecai. Look at the tarrifs some countries hang around the necks of US manufacturers. You’re all the same, America last and your (fake) homeland(s) first.
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