china doesn't have enough farm land to feed itself
but that doesn't matter b/c they will somehow, magically, make it happen.
trumps a big meanie, how dare we act in a competitive fashion, we should just kneel down, take down the Flag, burn the Constitution and surrender to china now.
Who do you think pays the tax on goods that Trump is imposing?
We do. We the public pay the tax.
How is Trump taxing us, 'competitive'? This makes no sense.
Have a link to our taxes going up?
I'm confused by this question......
What exactly, do you think a tariff is?
A tariff is a tax on imported goods. Who pays that tax? ....... WE DO.... when we buy the imported goods. In fact, it also raises the price on non-imported goods. It raises the price on nearly everything.
That's exactly what a tariff is. It's a tax on consumers. It raises the price on the things we buy.
When you say "we want tariffs", you are saying in literal terms "We want taxes on ourselves".
Same thing happens when taxes are cut exploding deficits inflation taxes US far more than the taxes.
So a couple of things....
First oil prices are too limited in scope, to make a connection with all market prices. Gas prices can change for a massive number of unrelated factors. Famously the Asian market crash in the late 90s caused a dramatic decline in oil demand, which in turn caused a drop in gasoline prices.
That doesn't mean inflation ceased to exist, because one single data point, drastically changed.
Second, I don't know that federal deficits directly cause inflation. That seems a dubious conclusion. Correlation, does not equal, causation. Obviously there could be a connection, if you assume a government is printing money, and thus increasing the money supply in order to pay government expenses. But doing so, would reduce the deficit. So the deficit would go down, while the inflation rate went up. Regardless the problem wouldn't be the deficit so much as the printing of money.
Third, years ago I was earning $13.50/hour, and I lost my job. I ended up at a new company earning $10/hours. Ironically over that same time span, I paid down debt, and saved up some money in the bank.
How did I do this? Easy. When my income went down, I cut my spending to match it.
The idea that revenue causes debt, is ridiculous and stupid. What causes debt, is always exclusively, spending. All you have to do is cut spending to match or cut under your income, and you'll never create debt.
Debt is always created by over spending.
By the way, the deficit decreased every single year after the tax cut, from 2004 to 2007, and was only $161 Billion in 2007. It wasn't until the sub-prime bubble that the deficit went back up. It wasn't tax cuts the caused the deficit. It was government pushing sub-prime loans since 1997.
Lastly, tax cuts don't even reduce revenue anyway. In 1983 the last of the Reagan tax cuts were implemented. Each year revenue increased dramatically, and by 1993, the revenue collected by the US government had literally doubled.
In 2003 after the Bush tax cuts were implemented, tax revenue increased every single year until 2007, and was about 50% higher.
So the tax cuts didn't even decrease revenue. The entire argument is flawed from the premise.
