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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Zippy, people have no choice when it comes to paying income taxes. They have a choice, not to buy the products they think are too expensive. That means, they don't have to pay the "tariff tax" if they chose not to buy those products.
At least with tariffs, people have a choice not to pay them.
Income taxes reduce incomes so people have less income to spend on goods and services. That reduces consumption.
Sales taxes reduce consumption by raising the price the consumer has to pay.
Tariffs reduce consumption by raising the price the consumer has to pay.
All reductions in consumption hurt production. Unless people are not buying it, there is no need to produce it. So all taxes hurt production.
Tariffs also hurt production by raising the costs of their inputs to produce their goods. The steel and aluminum tariffs raised the prices of steel and aluminum for companies which use those materials in their production.
Yes, the do let the government pick winners and losers in the economy. They are the opposite of free market taxes.that protect strategic industries
The tariffs are hidden. The consumer has no clue what if any part of what they buy is covered by a tariff so they are unable to choose non- tariff goods.the consumer can avoid them by either buying American or saving the money,
Just buy the product you can afford and like the best. If it's too expensive, don't buy it.
If everything on the shelf is too expensive, it won't sell and that will be incentive for people to find a way to make it cheaper. That in turn increases jobs in this country as they start making the product in this country thus avoiding the tariff.
Last edited by Dr.3D; 11-27-2018 at 06:56 PM.
The income tax is a tax on production, you pay it whether you buy anything or not and therefore you are discouraged from producing more than with other taxes, if you buy domestic goods you can limit or avoid how much you pay in tariffs and people know when the tariffs are raised or lowered and industries can advertise that rising prices are due to tariff increases.
The government does that with any kind of tax but at least with tariffs it serves a national defense purpose.
The industries can inform people about the tariffs and the income tax is totally unfelt thanks to withholding.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
If the sardines have a tariff on them, they must be imported. Making the import more expensive through the imposition of tariffs, gives incentive for people to buy domestic products at comparable prices. This in turn helps domestic production to increase. It's defensive to the nation to promote domestic production.
Why is a trade deficit a threat to national security? Will our trading partners cut off all trade with us? That hurts them as well as us- they lose the money we were giving them in exchange for goods. It costs them jobs which could cause unrest in their country. We do buy a lot of stuff from China but they only account for about 15% of all of our imports.
There are many reasons a country may run a trade deficit. It is not necessarily weakness. Strength can cause it. If we are wealthier than our trading partners, then we may be able to afford to buy more things from them than they can afford to buy from us. Another problem strength can cause- a strong currency. A strong dollar makes things we import cheaper to buy due to the exchange rate. So we import more. It also makes things we produce more expensive for them to buy from us. So that strong dollar increases imports and decreases exports- the deficit grows.
Last edited by Zippyjuan; 11-27-2018 at 07:23 PM.
Last edited by Zippyjuan; 11-27-2018 at 07:25 PM.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Well, they already have a lot of the heavy machinery we used to have. I suspect our automobile manufacturers shipped the machinery over there so they could cut prices. In doing so, they sold away our industrial base.
I suppose we can order our defense products from them.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
And these cars can’t be sold in other nations because? Couldn’t possibly be foreign restrictions and tariffs...nevermind, that’s all good as long as it’s not the US. Nothing to see here, move along.Most of the affected factories build cars that won’t be sold in the U.S. after next year.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
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Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
It isn't about costs. It's about the fact that Americans want trucks and SUVs. The auto industry started cutting sedans out of their lines long before the tariffs went into effect.
Trump tried to roll back the CAFE standards which would have allowed them the ability to make less expensive small sedans, but they don't want to compete with themselves, so they asked him not to. Those are their words.
Last edited by Danke; 11-28-2018 at 10:31 AM.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
I don't disagree about the market changes and what you said about the CAFE standards. But the tariffs are hugely disruptive and impact the most profitable vehicles. Then there's the uncertainty surrounding them too. Perhaps they'll get worse depending on how the President is feeling on a particular day.
I feel like I'm in bizzaro world seeing tariffs defended on Ron Paul Forums.
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