Replacing taxes with tariffs

[initforme]

How do social security and medicare survive this? If the plan is to end those then the plan is to keep people working longer as someone has to do the lower wage work so the uppers can make their profits. People working and producing longer weakens the whole nation. It would be horrific.

 

[Dismantle this Country]

Good idea, but then all those other things come up. It's expressed in phrases like The devil is in the details. Or, Good idea, poor execution.

Most in legislatures are addicts. They are addicted to spending. They are addicted to status and power, so they want to be re-elected. This means sucking up to your constituents by giving them stuff.

The real solution is to cut cut cut cut and cut some more. But it won't happen voluntarily. Things will have to crash hard before something significant happens. Always does.

 

[pknopp]

The price of everything you buy has been raised for 4 years, didn't you notice?

It's been raised for decades.

 

[White 6]

The price of everything you buy has been raised for 4 years, didn't you notice?

Not noticed much, as my income streams also rose. as well as my wife's. neither of us have a daily commute and buy our fuel discounted between 40 cents and 80 cents per gallon when I do have to fill. No car loans, House note, construction loan, and keep the one credit card used for shopping online or out of town paid off, so no interest. Did major construction using a long standing, open home equity line of credit at 2.5%, kept for big ticket expenditures but paid off within 30 days, not even paying interest on that, then saw the account we took it out of, grow to significantly more than we used, in less than a year, due to the excellent stockmarket returns, making it free. So, no, overall have not had to noticed much, except when traveling. Nothing special about us at our age. I imagine most people planning ahead for retirement, set themselves up similarly or better, and exercise similar conservative financial management.

 

[hadit]

Nope. Wrote plenty of significant checks in my time, but on the years I did, I didn't really mind much as it marked me having a good year. I am not writing significant checks, but if you raise the price of everything I buy, so people that make a lot pay no taxes, I will not be amused.

Wouldn't you like to see a tax enacted that the rich couldn't dodge like they can now?

 

[jbrownson0831]

Not noticed much, as my income streams also rose. as well as my wife's. neither of us have a daily commute and buy our fuel discounted between 40 cents and 80 cents per gallon when I do have to fill. No car loans, House note, construction loan, and keep the one credit card used for shopping online or out of town paid off, so no interest. Did major construction using a long standing, open home equity line of credit at 2.5%, kept for big ticket expenditures but paid off within 30 days, not even paying interest on that, then saw the account we took it out of, grow to significantly more than we used, in less than a year, due to the excellent stockmarket returns, making it free. So, no, overall have not had to noticed much, except when traveling. Nothing special about us at our age. I imagine most people planning ahead for retirement, set themselves up similarly or better, and exercise similar conservative financial management.

I forgot, ShangriLa.

 

[Edgetho]

Yes, but at the time we did not have a gargantuan national debt, out of control entitlements, nor were we the policeman of the world.

dimocrap scum gave us all that and more

 

[Edgetho]

Wouldn't you like to see a tax enacted that the rich couldn't dodge like they can now?

The reason they're rich is simple -- They're smarter than you. By a wide margin. And that is the same reason why they don't pay taxes.

You could nail them down I suppose, but then you'd have an economy like North Korea's. Unless -- That's what you want

 

[Edgetho]

How do social security and medicare survive this? If the plan is to end those then the plan is to keep people working longer as someone has to do the lower wage work so the uppers can make their profits. People working and producing longer weakens the whole nation. It would be horrific.

WTF does that have to do with the price of pussy in Peking?

INCOME TAX. GET IT?? INCOME TAX. Write it on your wrist in ink -- Income Tax. Repeat that to yourself twenty times then come back with another useless post.... As usual

 

[hadit]

The reason they're rich is simple -- They're smarter than you. By a wide margin. And that is the same reason why they don't pay taxes.

You could nail them down I suppose, but then you'd have an economy like North Korea's. Unless -- That's what you want

That makes zero sense. First, you tried to make it about me instead of the topic at hand, which is a classic blunder from the less mature set and quickly shot down. Second, it's stupid, because a tariff clearly would hit all customers equally and would be a tax that the wealthy could not avoid, which is the point of what I said. As it is now, the wealthy can move their income around to minimize what the IRS confiscates.

 

[Edgetho]

That makes zero sense. First, you tried to make it about me instead of the topic at hand, which is a classic blunder from the less mature set and quickly shot down. Second, it's stupid, because a tariff clearly would hit all customers equally and would be a tax that the wealthy could not avoid, which is the point of what I said. As it is now, the wealthy can move their income around to minimize what the IRS confiscates.

It would help if you'd make yourself clearer. Then I wouldn't make false assumptions about your posts and respond based on those false assumptions.

And rich people aren't only smarter than you, they're smarter than I am, as well. Obviously, very few if anybody in here is rich.

Even with tariffs, they'll still find a way to get around it. Because.... They're smarter than you -- And me.

I don't get the fascination with the rich anyway. I spent zero time thinking about them.

 

[Concerned American]

Nope. Wrote plenty of significant checks in my time, but on the years I did, I didn't really mind much as it marked me having a good year. I am not writing significant checks, but if you raise the price of everything I buy, so people that make a lot pay no taxes, I will not be amused.

Quit buying Chinese made garbage and contributing to the national trade deficit. Voila.

 

[Doc7505]

It's been raised for decades.

Not as bad as the last 4 years at nearly 20%.

 

[MisterBeale]

dimocrap scum gave us all that and more

They were just more amiable to corruption at the time.

At times the RNC is, at other times, the global elites have used the DNC.

In fact, this issue predates both parties. It was wrangled over by the Federalists and Anti-Federalists.

The Creature From Jekyll Island (by G. Edward Griffin)​

The Creature From Jekyll Island
A Second Look at the Federal Reserve by G. Edward Griffin
Recorded: 1994

 

[Admiral Rockwell Tory]

How do social security and medicare survive this? If the plan is to end those then the plan is to keep people working longer as someone has to do the lower wage work so the uppers can make their profits. People working and producing longer weakens the whole nation. It would be horrific.

Social security and Medicare have their own tax. It is not paid with income taxes.

 

[Cougarbear]

The point of tariffs and protectionism is to protect national industry and promote growth of national self-sufficiency. They are not, and generally never have been primary revenue gathering sources.

The previous tariffs that Trump had levied, while protecting American industry, have not shown any growth. . . yet?

Folks that support tariffs want to protect American manufacturing and production, and also wish to foster the growth of domestic industry.

I have read that they haven't been very effective, but, from my PoV, it is very hard to measure what might have been if they had not been levied, and likewise, what percent of domestic production is protected and promoted. It might, in the end, all be in the mind of those who are doing the empirical analysis.

It is much more important for all of us to realize, that tariffs and protectionism are not, primarily used as a state revenue generating source.

Let us say that the tariffs ARE successful over the long run?

That would inevitably cause a decrease in revenue generated from them. This is just simple economics.

When I read your post, it appears to me you either didn't do very well in your Econ classes, or never had any TBH.

Well, there is always just having a national sales tax. We could do it that way. I think if he's suggesting using tariffs, then it pretty much will be a sales tax as prices would increase. However, lowering the price of gasoline will lower inflation and offset the increase of costs based on tariffs or sales taxes. Getting rid of many government departments will also assist quite a bit too.

 

[Cougarbear]

Tariffs are a type of tax

The article is claiming trump wants to stop one certain rule of tax, one on income (what people produce) with another tariffs, (what is consumed)

Doubt it will happen since income tax is a constitutional amendment that would need to be repealed

No it would not need to be repealed. The amendment allows the government to tax income. Doesn't mean it has to be done.

 

[Concerned American]

Well, there is always just having a national sales tax. We could do it that way. I think if he's suggesting using tariffs, then it pretty much will be a sales tax as prices would increase. However, lowering the price of gasoline will lower inflation and offset the increase of costs based on tariffs or sales taxes. Getting rid of many government departments will also assist quite a bit too.

The bottom line is tariffs are designed to discourage the purchase of particular foreign goods for specific purposes. If you don't want to pay the increased costs, don't buy those goods. The targeted products are not food and they are designed to level the playing field of American vs. Chinese made products and bring down the national trade deficit with China. Both of which are beneficial to the American public.

 

[jbrownson0831]

The bottom line is tariffs are designed to discourage the purchase of particular foreign goods for specific purposes. If you don't want to pay the increased costs, don't buy those goods. The targeted products are not food and they are designed to level the playing field of American vs. Chinese made products and bring down the national trade deficit with China. Both of which are beneficial to the American public.

Very good explanation. No wonder the Dims hate it.

 

[Cougarbear]

The bottom line is tariffs are designed to discourage the purchase of particular foreign goods for specific purposes. If you don't want to pay the increased costs, don't buy those goods. The targeted products are not food and they are designed to level the playing field of American vs. Chinese made products and bring down the national trade deficit with China. Both of which are beneficial to the American public.

There's a big picture that is lost in this. Look at everything Trump is attempting to do including better and safer products. This includes food products as well. Tariffs will be on all products including food. Good food.