Tariffs....they should be glad to pay them...

[Concerned American]

Yes, and they should be temporary and have a sunset date so everyone knows it.

Sure, the opposition knows that date too. The only sunset should be when the opposition government quits using unfair trade practices. They need us more than we need their junk.

 

[Concerned American]

You don't seem to care at all about how the increase in the price of imported goods impacts the poorest among us. Whether or not the low income people purchase a domestic product or not is beside my point. They are still paying more for the same thing and that is inflationary and also lowers their standard of living. Why? Because now they can no longer spend the money they saved when they bought the lower-priced imported item on something else.

Watch what happens to those same folks when our balance of payments become so out of balance that we cannot pay the service on the debt that it produces. Over half of our budget goes for service on the debt that we get NOTHING for. If you were spending over half of what you earned on interest on your debts, would you say you were in a good position financially?

 

[Moonglow]

When we tariffs 100%

Time to stop the nonsense...
Time to stop being suckers.

No, tariffs were never the sole source of tax revenue for the United States, but they were the primary source of revenue for over a century:

• Before the Civil War
  Tariffs accounted for the majority of government revenue, sometimes approaching 95%.
  
  
• After the Civil War
  Tariffs remained a major source of revenue, but excise taxes exceeded tariffs in 1865.
  
  
• Before 1913
  Tariffs were the main source of revenue for the federal government, averaging about 20% on foreign imports.
  
  
• After 1913
  The federal income tax was established, and tariffs became a declining percentage of federal tax income:
  
  • After World War II: Tariffs declined further as the U.S. joined the General Agreement on Tariffs and Trade (GATT) and emphasized trade expansion.
    
    
  • Recent years: Tariffs have made headlines again as a central tool in U.S. trade policy, especially toward China. However, tariffs have not provided a meaningful share of revenue for the US government since the early 1900s.
    

Tariffs are taxes that countries impose on imported goods when they cross the border. They have been used for a variety of reasons, including: Bringing in revenue, Protecting domestic industries from foreign competition, Cooperating or retaliating against other nations, and Generating revenue for the federal government.

 

[otto105]

They're already tariffing our stuff, we're just not tariffing theirs.
Trump knows what he's doing with this. Canada gotta pay their share, too.
When they gonna get somebody better than Castreaux in there?

Heil Shitler! has no idea what the fuck he is doing.

And you have no idea what our trade with Canada looks like fuckup.

Do you

 

[task0778]

Watch what happens to those same folks when our balance of payments become so out of balance that we cannot pay the service on the debt that it produces. Over half of our budget goes for service on the debt that we get NOTHING for. If you were spending over half of what you earned on interest on your debts, would you say you were in a good position financially?

I highly doubt that the people on the low end of the income ladder give a damn about the imbalance of trade. Why would they care, it ain't coming out of their pocket.

Explain to me how the gov't pays for whatever the negative balance of trade is, I don't think that is true. What does that imbalance have to do with the national debt? The Fed does not rise interest rates based on that imbalance, they raise rates based on inflation.

 

[justoffal]

I highly doubt that the people on the low end of the income ladder give a damn about the imbalance of trade. Why would they care, it ain't coming out of their pocket.

Explain to me how the gov't pays for whatever the negative balance of trade is, I don't think that is true. What does that imbalance have to do with the national debt? The Fed does not rise interest rates based on that imbalance, they raise rates based on inflation.

The plebians know almost nothing of the dollar erosion caused by debt and interest payment. What they interpret as rising prices is actually more due to loss of buying power caused by that dollar erosion than it is supply and demand.

 

[task0778]

The plebians know almost nothing of the dollar erosion caused by debt and interest payment. What they interpret as rising prices is actually more due to loss of buying power caused by that dollar erosion than it is supply and demand.

I think that you are right, but IMHO gov't intervention contributes to the problem of dollar erosion and a loss of buying power, and creating or raising tariffs is a form f gov't intervention because it is in effect raising the cost of goods and services without increasing domestic productivity. And that is inflationary; perhaps a small amount relative to everything else that is going on, but I believe it hurts the poorest among us. And I think the net result after considering what the retaliation will cost, is actually negligible. IOW, tariffs do not really fix the problem, instead it is a political exercise with no consequential benefit. The democrats used to do it to appease the unions that supported them, now it's Trump's turn.

 

[Toro]

Time to stop the nonsense...
Time to stop being suckers.

You want higher taxes on Americans, leftist!

 

[Toro]

People are stockpiling foreign goods before Orange Jesus increases taxes on Americans.

https://www.wsj.com/economy/tariff-price-fear-stockpile-bd418b8a?mod=hp_lead_pos4

 

[justoffal]

You want higher taxes on Americans, leftist!

Nope lower....we are paying through the nose for under quality cheap shit.

 

[The Sage of Main Street]

The problem is that if the tariffs are paid the foreign goods still enter the country. Only if the importer won't pay and stops ordering does it hurt the foreign producer. Many imported goods are only available from foreign producers, so they keep coming regardless of tariffs. Worse yet even after the tariffs are paid many imports are still cheaper than domestically produced stuff.

Tariffs Are Popular or Not According to Which Class They Benefit

We should charge enough tariff to eliminate the advantage foreigners get from cheap labor. With equal prices, American companies will have to compete based on quality alone, giving them a fair incentive to improve their products.

 

[otto105]

Sure, the opposition knows that date too. The only sunset should be when the opposition government quits using unfair trade practices. They need us more than we need their junk.

Junk? Like the 61% oil we get from Canada or the hydro power?

How about the lumber for our houses?

Just junk right fatass fuckup.

 

[justoffal]

Junk? Like the 61% oil we get from Canada or the hydro power?

How about the lumber for our houses?

Just junk right fatass fuckup.

Yeah righhhht....Canada is full of shit (just like you)....they're nearly insolvent and wouldn't be able to deny commerce for more than a couple of months...

Not worried about them at all...

 

[otto105]

Yeah righhhht....Canada is full of shit (just like you)....they're nearly insolvent and wouldn't be able to deny commerce for more than a couple of months...
Not worried about them at all...

Hilarious

Just give that trade surplus away for orange makeup.

 

[justoffal]

Tariffs Are Popular or Not According to Which Class They Benefit

We should charge enough tariff to eliminate the advantage foreigners get from cheap labor. With equal prices, American companies will have to compete based on quality alone, giving them a fair incentive to improve their products.

Never mind the cheap labor.... How about the FDA? The EPA? OSHA? ... They all add cost to the end product.

 

[justoffal]

Hilarious

Just give that trade surplus away for orange makeup.

What's surplus are you talking about idiot???
It sure as hell can't be lumber.

 

[initforme]

Everyone agrees we need higher wages to improve the economy. How do we get this across the nation quickly? Like within 2 months?

 

[initforme]

Never mind the cheap labor.... How about the FDA? The EPA? OSHA? ... They all add cost to the end product.

Labor prices need to go up, not down.

 

[Woodznutz]

Everyone agrees we need higher wages to improve the economy. How do we get this across the nation quickly? Like within 2 months?

Federal minimum wage increase would help, but it would take time to get it through a Republican congress, and it wouldn't be $15 - $20, more like $10-$12.

 

[Anathema]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

GOOD!!! Thst will promote the Bationslust and Isolationist policies we never should have abandoned by getting involved in World War I.