Samsung, LG may move some home-appliance manufacturing from Mexico to US

[SweetTea]

That is a mystery to me. When prices go up because of tariffs, they shriek bloody murder at the politicians who imposed the tariffs and ignore the CEOs that passed the increased cost on to the consumer. When prices go up because of corporate tax hikes, they shriek bloody murder at the CEOs for passing the increased cost on to the consumer while ignoring the politicians (even praising them for sticking it to the companies) who imposed the cost increase.

Sadly, it isn't really a mystery. Most Democrats don't think things through. Those that are capable of doing so and reach a conclusion that is counter to their teachings, resort to defiance and ultimately calling you a racist(they can not so skillfully weave this into any narrative) for backing them into a corner. Rinse and repeat for nearly every discussion with a Democrat.

 

[hadit]

Things change. People don’t like change. Politicians get elected promising to fix things that people don’t like. They fail because there’s no way to undo change. Rinse and repeat.

Haven’t you noticed this yet?

Of course, that's why I don't get incredibly depressed or elated when a president is elected. If I voted for him/her, great, I hope they will do well. If not, okay, not everyone agrees with me, and I hope they don't mess it up too bad. We have, unfortunately, become the late-stage Roman empire, where people look to government to provide for their needs, and worse, wants.

 

[SweetTea]

Tax revenues always go up. When did corporate tax receipts go up? Late 2020. It’s almost as if something else happened around that time. Hmmm. Could it have been the massive amount of cash that flooded the system at that time? No. It had to have been the tax cuts.

Youre totally brainwashed.

You are the master of spin. Tax revenue vs tax receipts. Funny stuff. Both increased since the Trump tax cuts. COVID was 5 years ago, the tax cuts are still in place and both revenue and receipts are continue to increase. Of course revenue will be a little ahead of receipts, but unless you believe that the government won't receive the taxes that are owned, I fail to see why that make any difference whatsoever.

The consumer and corporations drive the market, NOT the federal government. Raising taxes is an artificial, temporary measure to increase government tax revenues/receipts. It doesn't foster organic economic growth in the long term, which is the key to the economic success of a country. I don't really care if you don't understand. Some people are simply incapable.

 

[SweetTea]

We have, unfortunately, become the late-stage Roman empire, where people look to government to provide for their needs, and worse, wants.

Yep and this mindset is perpetuated by the calls and teachings of Democratic Socialism that many in our country embrace.

 

[Marener]

Both increased since the Trump tax cuts. COVID was 5 years ago, the tax cuts are still in place and both revenue and receipts are continue to increase

That’s because revenue and receipts always go up over a long term. Obviously.

The idea that the economy only grows because of tax cuts is pretty stupid and you’d have to be quite indoctrinated to believe that. Deficit spending is quite good for the economy and we are doing a LOT of that these days. Aren’t we.

 

[Marener]

Of course, that's why I don't get incredibly depressed or elated when a president is elected. If I voted for him/her, great, I hope they will do well. If not, okay, not everyone agrees with me, and I hope they don't mess it up too bad. We have, unfortunately, become the late-stage Roman empire, where people look to government to provide for their needs, and worse, wants.

Why do you keep voting for the people who promise you the impossible?

 

[SweetTea]

That’s because revenue and receipts always go up over a long term. Obviously.

The idea that the economy only grows because of tax cuts is pretty stupid and you’d have to be quite indoctrinated to believe that. Deficit spending is quite good for the economy and we are doing a LOT of that these days. Aren’t we.

No, actually they don't always go up as a percentage of GDP.

I didn't say our economy only grows because of tax cuts. What I said was that for healthy growth, it should be organic, not artificially inflated by government spending or tax increases. Government is, in part, a necessary evil, though not inherently virtuous. I treat it as such.

 

[Marener]

No, actually they don't always go up as a percentage of GDP.

I didn't say our economy only grows because of tax cuts. What I said was that for healthy growth, it should be organic, not artificially inflated by government spending or tax increases. Government is, in part, a necessary evil, though not inherently virtuous. I treat it as such.

Taxes as a percent of GDP is mostly defined by tax law. Since we were talking about tax revenues and receipts, your switching metrics.

As for this:

should be organic, not artificially inflated by government spending or tax increases

No one thinks tax increases artificially inflate economic growth. Thats stupid. Tax cuts can artificially inflate economic growth when they result in (or merely are accompanied by) higher deficits, which is what almost always happens when Republicans cut taxes.

You really are indoctrinated because you believe some very strange things in order to make your narrative cohesive.

 

[hadit]

Why do you keep voting for the people who promise you the impossible?

If I didn't do that, I wouldn't be voting at all, now would I?

 

[SweetTea]

Tax cuts can artificially inflate economic growth when they result in (or merely are accompanied by) higher deficits, which is what almost always happens when Republicans cut taxes.

You are completely lost.

You are conflating tax revenues and spending. We have higher deficits because spending is typically increased. Just another reason why not to fund the government with higher taxes which they can in turn around and spend it, as opposed to allowing people to keep more of their money and spending as they see fit.

Tax cuts increase tax revenue in the long run. Period. End of of story. Spin away, but those are the facts.

 

[ColonelAngus]

Taxes as a percent of GDP is mostly defined by tax law. Since we were talking about tax revenues and receipts, your switching metrics.

As for this:

No one thinks tax increases artificially inflate economic growth. Thats stupid. Tax cuts can artificially inflate economic growth when they result in (or merely are accompanied by) higher deficits, which is what almost always happens when Republicans cut taxes.

You really are indoctrinated because you believe some very strange things in order to make your narrative cohesive.

We have a spending problem, not a tax problem.

A $7,000,000,000,000/year budget is ******* ridiculous.

 

[Marener]

You are conflating tax revenues and spending. We have higher deficits because spending is typically increased.

Not at all. Just pointing out that deficits stimulate the economy and whether you like it or not, deficits basically always increase after we cut taxes. Whether you ascribe they to the tax cuts or spending is irrelevant. Cutting taxes can be stimulatory for sure. Increasing government spending can also be stimulatory. Cutting spending at the same time as decreasing taxes is going to suppress that stimulus.

The main point here is that you bizarrely claimed that tax increases artificially inflate the economy which is so wrong it’s bonkers.

Just another reason why not to fund the government with higher taxes which they can in turn around and spend it, as opposed to allowing people to keep more of their money and spending as they see fit.

Sure. Good luck. Republicans have been promising this for decades and never did jack squat. A real adult would recognize you need to cut spending and increase taxes. It’s going to suck but the current generation of leadership doesn’t care because they all know the boomers decide who runs government.

Tax cuts increase tax revenue in the long run. Period. End of of story. Spin away, but those are the facts.

Know what else results in higher revenue in the long run? Tax increases. Know what else results in higher revenue in the long run? Not changing anything.

Your basis of comparison is wrong.

Youre demonstrating your indoctrination by just stamping your feet and refusing to consider anything other than your dogma.

 

[SweetTea]

Not at all. Just pointing out that deficits stimulate the economy and whether you like it or not, deficits basically always increase after we cut taxes. Whether you ascribe they to the tax cuts or spending is irrelevant. Cutting taxes can be stimulatory for sure. Increasing government spending can also be stimulatory. Cutting spending at the same time as decreasing taxes is going to suppress that stimulus.

The main point here is that you bizarrely claimed that tax increases artificially inflate the economy which is so wrong it’s bonkers.

Sure. Good luck. Republicans have been promising this for decades and never did jack squat. A real adult would recognize you need to cut spending and increase taxes. It’s going to suck but the current generation of leadership doesn’t care because they all know the boomers decide who runs government.

Know what else results in higher revenue in the long run? Tax increases. Know what else results in higher revenue in the long run? Not changing anything.

Your basis of comparison is wrong.

Youre demonstrating your indoctrination by just stamping your feet and refusing to consider anything other than your dogma.

I mean seriously, you just have no idea what you're talking about. Supply side economics works. There are economists far more informed than either you or I that ascribe to this philosophy. Big government economists don't. Those would be the indoctrinated liberals that teach you the nonsense that you spew.

Democrats are not serious people. They speak on platitudes spouting unproven theories. Kamala was queen of this. Circular feel-food talks with no real point. Meanwhile, Trump talks about exactly what he wants done. Whether you agree with him or not is irrelevant to the fact that he is very pragmatic. To summarize Tom Clancy, if I need someone to paint a pretty picture that I can hang on the wall myself, I will hire a Democrat. If I want someone to build a bridge that I can drive over, I will hire a Republican.

 

[Marener]

I mean seriously, you just have no idea what you're talking about. Supply side economics works. There are economists far more informed than either you or I that ascribe to this philosophy. Big government economists don't. Those would be the indoctrinated liberals that teach you the nonsense that you spew.

Democrats are bit serious people. They speak on platitudes spouting unproven theories. Kamala was queen of this. Circular feel-food talks with no real point. Meanwhile, Trump talks about exactly what he wants done. Whether you agree with him or not is irrelevant to the fact that he is very pragmatic. To summarize Tom Clancy, if I need someone to paint a pretty picture that I can hang on the wall myself, I will hire a Democrat. If I want someone to build a bridge that I can drive over, I will hire a Republican.

Calling me ill informed is pretty hilarious given you recently said that the economy would be artificially inflated due to TAX INCREASES, which you haven’t addressed whatsoever.

We’ve had 40 years of supply side economics and it’s resulted in massive debt and a crumbling middle class. It sure as hell doesn’t look like it’s working to me.

You believe a fantasy, and the only people that accept your fantasy are fringe right wing economists who no one takes seriously. There is no free lunch. Tax cuts would have to be responsible for generating massive amounts of economic growth in order to pay for themselves, and they just don’t. Not even close. After Trump’s tax cut, GDP growth briefly hit 2.9% in 2018 and sank black to 2.5% in 2019. It’s hard to ascertain any significant change in GDP growth as a result of the bill.

As for Trump, no one really know what he’s going to do. We were told never to take him literally. He contradicts himself. He speaks in maybes and possiblys. He says we are going to look into it. He says “we’ll see”. We got a general idea of his policies, but it’s totally unclear what was hyperbole and big talk, and what is actual policy.

 

[d0gbreath]

Good point.
I'd prefer all these hard working S Koreans come over here, rather than all these criminals slithering in from the Southern border.

There are S. Koreans in the upper echelon of those companies. But all of the workers are Mexicans.

 

[initforme]

Our educational system is pretty bad, particularly in the areas of STEM. Maybe if we would stop worrying about all the fluff, woke stuff, we could catch back up. It will also help to reward students based on merit, instead of identity politics. In the short term, we do likely need to bring in educated professionals from other countries that are far more pragmatic in their approach to education. Keep in mind that the US requires more highly educated people than many other countries because we have the most successful, high tech companies in the world.

We have educated professionals here. Just pay them 2x foreigners.

 

[SweetTea]

Calling me ill informed is pretty hilarious given you recently said that the economy would be artificially inflated due to TAX INCREASES, which you haven’t addressed whatsoever.

Yes, tax increases result in artificial growth in the economy. It is artificial in the sense that government spends the money vs private activity. You are a big government, demand side guy that believes the government can stimulate the economy by taking money from the people and spending on infrastructure and various other things. You evidently believe they can do so efficiently. The problem is that our government is woefully inefficient by any measure. For every dollar we give them, they waste 10. I trust consumers and the private sector to stimulate the economy by spending the money they keep from paying less taxes, than giving it to the government to waste. Sorry, but that is just the way I see it.

The key is to cut taxes and to cut spending to reduce the deficit. That is how we reach true economic success. Granted, the cutting spending part never seems to get done. That should be a priority.

In the absence of an efficient, capable federal government, raising taxes ultimately slows economic growth. Again, you have faith in government. I have faith in the producers and I believe the private sector is light years more productive and efficient than the public sector.

We’ve had 40 years of supply side economics and it’s resulted in massive debt and a crumbling middle class. It sure as hell doesn’t look like it’s working to me.

As mentioned above, government spending is the issue. That should be our first priority, starting with zero based budgeting for all federal offices.

You believe a fantasy, and the only people that accept your fantasy are fringe right wing economists who no one takes seriously. There is no free lunch. Tax cuts would have to be responsible for generating massive amounts of economic growth in order to pay for themselves, and they just don’t. Not even close. After Trump’s tax cut, GDP growth briefly hit 2.9% in 2018 and sank black to 2.5% in 2019. It’s hard to ascertain any significant change in GDP growth as a result of the bill.

See above. And around and around we go. There are plenty of very capable supply side economists out there. Many are in academia but they have to be careful to steer clear of you Keynesian folks for fear of retribution.

As for Trump, no one really know what he’s going to do. We were told never to take him literally. He contradicts himself. He speaks in maybes and possiblys. He says we are going to look into it. He says “we’ll see”. We got a general idea of his policies, but it’s totally unclear what was hyperbole and big talk, and what is actual policy.

Trump has already done more in 4 days than Biden did in years. He has acted. I don't care if you like what he did or not, he has made several moves toward his goals. For example, he has already visited NC and will be providing money for them. He is in CA today and will likely provide them money as well, hopefully with some string attached to prevent the incompetent people running the show there from spending the money on more frivolous pipe dreams.

 

[Marener]

Yes, tax increases result in artificial growth in the economy. It is artificial in the sense that government spends the money vs private activity.

You're conflating tax revenues and spending, which ironically you recently accused me of doing. Just admit you messed up, it'll be less embarassing for you.

Yes, tax increases result in artificial growth in the economy. It is artificial in the sense that government spends the money vs private activity. You are a big government, demand side guy that believes the government can stimulate the economy by taking money from the people and spending on infrastructure and various other things. You evidently believe they can do so efficiently. The problem is that our government is woefully inefficient by any measure. For every dollar we give them, they waste 10. I trust consumers and the private sector to stimulate the economy by spending the money they keep from paying less taxes, than giving it to the government to waste. Sorry, but that is just the way I see it.

I'm a normal person. I think the government should deficit spend when the economy is bad and balance the budget when the economy is good. Republicans want to cut taxes always. Cut them when the economy is bad. Sure, that makes sense. Cut them when the economy is good. Unnecessary and leads to deficits. The government is not one thing. Social Security is highly efficient. So is Medicare. Is infrastructure spending efficient? Not really but it's also something the government has to do.

As for trusting the consumer, that doesn't seem to be the case. The consumer wants to buy cheap foreign goods. Gotta get those tariffs cranked up to discourage them from doing so.

The key is to cut taxes and to cut spending to reduce the deficit. That is how we reach true economic success. Granted, the cutting spending part never seems to get done. That should be a priority.

In the absence of an efficient, capable federal government, raising taxes ultimately slows economic growth. Again, you have faith in government. I have faith in the producers and I believe the private sector is light years more productive and efficient than the public sector.

Cutting spending never gets done because Republicans are not serious people who speak on platitudes and unproven theories. They say tariffs won't raise prices. They say that budget cuts won't affect services. They say that tax cuts pay for themselves. It's all magical thinking. It's not serious.

As mentioned above, government spending is the issue. That should be our first priority, starting with zero based budgeting for all federal offices.

And yet Republicans first priority is always cut taxes. If the budget starts to run a surplus, sure cut taxes. But you guys always want to do the easy thing first and worry about the hard thing later. Eat the pizza now. We will work out tomorrow. Only you never go to the gym. You just get fatter and fatter.

See above. And around and around we go. There are plenty of very capable supply side economists out there. Many are in academia but they have to be careful to steer clear of you Keynesian folks for fear of retribution.

Sure. Except none of them have ever given any credible evidence to support your magical thinking that tax cuts pay for themselves. The Laffer curve is correct in principle, but not really able to accurately describe our situation.

Trump has already done more in 4 days than Biden did in years. He has acted. I don't care if you like what he did or not, he has made several moves toward his goals. For example, he has already visited NC and will be providing money for them. He is in CA today and will likely provide them money as well, hopefully with some string attached to prevent the incompetent people running the show there from spending the money on more frivolous pipe dreams.

This is total indoctrination. The money for NC was passed by the last Congress, genius. He didn't do squat. Good God, your hero worship is just absurd. All you do is repeat the talking points without really knowing what you're saying.

 

[SweetTea]

Cutting spending never gets done because Republicans are not serious people who speak on platitudes and unproven theories. They say tariffs won't raise prices. They say that budget cuts won't affect services. They say that tax cuts pay for themselves. It's all magical thinking. It's not serious.

Democrats believe tariffs will raise prices but corporate tax hikes won't. Our government is very inefficient, therefore, cuts can be made that won't affect services. You will see this soon enough. Tax hikes without government cuts means more tax hikes in the future. Up and up we go. It doesn't make any sense.

And yet Republicans first priority is always cut taxes. If the budget starts to run a surplus, sure cut taxes.

Democrats never want to cut taxes, except potentially giving tax credits(welfare) to those that don't pay taxes in the first place.

Sure. Except none of them have ever given any credible evidence to support your magical thinking that tax cuts pay for themselves. The Laffer curve is correct in principle, but not really able to accurately describe our situation.

Obviously there is an optimal tax rate, but that rate can vary and how can we determine what that rate is? Sweden lowered their tax rates in the 90's which increased government revenue from increased economic activity. I do believe in the validity of the Laffer curve.

This is total indoctrination. The money for NC was passed by the last Congress, genius. He didn't do squat. Good God, your hero worship is just absurd. All you do is repeat the talking points without really knowing what you're saying.

What about getting us out of the Paris Climate agreement? Issuing a federal hiring freeze? Several new immigration policies. Withdrawing from the WHO? Any of those things count as something getting done?

 

[Marener]

Democrats believe tariffs will raise prices but corporate tax hikes won't. Our government is very inefficient, therefore, cuts can be made that won't affect services. You will see this soon enough. Tax hikes without government cuts means more tax hikes in the future. Up and up we go. It doesn't make any sense.

I think we’ve had this discussion before and I fully admit that raising corporate tax rates will increase prices, but not by that much. And the purpose is to fund the government, which tariffs are not very effective at doing.

Not as inefficient as you think. There’s almost no fat in social security. Administrative costs are all but nothing. Medicare too. Administrative costs are pretty minimal. The inefficiency was with Medicare advantage which is a total scam, redistributing taxpayer money to corporations, but we are stuck with it because it’s too politically unpopular to cut. These are the big ticket items. After that it’s military which is your sacred cow and can’t be touched. And Medicaid. You stand a chance at cutting Medicaid but even then the vast majority of that spending is on elderly and children so good luck with those optics.

Democrats never want to cut taxes, except potentially giving tax credits(welfare) to those that don't pay taxes in the first place.

That’s not exactly true. Dems like cutting taxes on poor people, but most Americans tax burden is already so low you can’t really tax it any further. Harris had a tax plan which like have cut for a lot of people. We never heard what Trump’s tax plan is aside from some gimmicks about overtime and tips.

Obviously there is an optimal tax rate, but that rate can vary and how can we determine what that rate is? Sweden lowered their tax rates in the 90's which increased government revenue from increased economic activity. I do believe in the validity of the Laffer curve.

It’s not that the laffer curve is invalid. It’s that you think we are on one side when we aren’t. We’ve lowered taxes repeatedly since Clinton but economic growth has consistently be below previous norms during economic expansion. If tax cuts are so great, why doesn’t GDP growth ever top 3% annually?

What about getting us out of the Paris Climate agreement? Issuing a federal hiring freeze? Several new immigration policies. Withdrawing from the WHO? Any of those things count as something getting done?

You’re going to have a hard time explaining how anyone’s affected by pulling out of the WHO, having a federal hiring freeze or pulling out of the Paris climate agreement.