Lesh
Diamond Member
- Dec 21, 2016
- 91,040
- 45,541
- 2,615
How do you level the field on products we don’t even make?
Trump says a tariff dividend of 'at least' $2,000 will be paid to most Americans
- Thread starter 1srelluc
- Start date
Fort Fun Indiana
Diamond Member
- Mar 10, 2017
- 120,472
- 125,444
- 3,645
In truth, a tariff is a tax that, like just about any tax, is a shared burden. Who carries what share of the burden changes good-to-good and country-to-country, depending on things like elasticity, scale, value to the dollar, etc.
So yes, for some goods, it may be true that a foreign company or country is paying MOST of the tax. But in no cases for any good are they paying ALL of it. And in some cases, consumers are paying MOST of the tax. But none are paying ALL.
However, an undesired and completely predictable side effect arises: The domestic producers in the country levying the tariffs raise their prices. Yes, they do it simply because they can. If the producer of the alternative good is forced to raise his prices 20% to stay in business with a 50% tariff (thereby, "paying most of the tax", even), then a domestic producer can raise their prices 12% and then brag about what a great deal you are getting, buying from them. And they 100% WILL do this, if they can get away with it, in the market for that good.
So this alone adds back an additional economic burden to the US consumers on top of the new taxes they are paying, in the form of the tariffs.
So yes, for some goods, it may be true that a foreign company or country is paying MOST of the tax. But in no cases for any good are they paying ALL of it. And in some cases, consumers are paying MOST of the tax. But none are paying ALL.
However, an undesired and completely predictable side effect arises: The domestic producers in the country levying the tariffs raise their prices. Yes, they do it simply because they can. If the producer of the alternative good is forced to raise his prices 20% to stay in business with a 50% tariff (thereby, "paying most of the tax", even), then a domestic producer can raise their prices 12% and then brag about what a great deal you are getting, buying from them. And they 100% WILL do this, if they can get away with it, in the market for that good.
So this alone adds back an additional economic burden to the US consumers on top of the new taxes they are paying, in the form of the tariffs.
Blisterfinger
Platinum Member
- May 15, 2021
- 19,150
- 10,184
- 1,138
You should educate yourself and leave the more intelligent people alone. The world is a dumber place because of you.
leftwinger
Diamond Member
Too easy. The remove tariffs on USA. Remove dishonest delay tactics on incoming. You have to get tough or they will cheat you out of business. As they have been doing.
Winco
Diamond Member
- Nov 1, 2019
- 29,290
- 20,545
- 2,290
Tariffs, is this about tariffs, and are you actually saying that tariffs imposed by trump are NOT a TAX on either importers or passed onto the consumer.
I don't follow, because the tariff is CLEARLY, 100%, paid at the docks by the importer.
Tell me I'm wrong or that I misunderstood your 'other Countries' comment.
Go >>>>>>>
Crepitus
Diamond Member
- Mar 28, 2018
- 105,608
- 156,435
- 3,615
RoshawnMarkwees
Assimilationist
- Banned
- #307
If the money goes to Americans buying American then the economy is boosted. That alone raises money for the fed to (theoretically) pay down debt.
What’s more, it’s better for the people to handle that money than for the government to.
Blisterfinger
Platinum Member
- May 15, 2021
- 19,150
- 10,184
- 1,138
They are sure more reliable than a dumb shit like you. You really should go away and save us all from your ignorance. The Forum is a dumber place because of you.
Trump Proposes $2,000 Check to Americans From Tariff Revenues Trump Proposes $2,000 Check to Americans From Tariff Revenues
when is the last time any R or D passed a balanced budget?
we would not be 37T in debt if they ever did
our government likes to spend recklessly no matter who is in power
because they can therefore they do
EvilCat Breath
Diamond Member
- Sep 23, 2016
- 95,013
- 71,054
- 3,645
I know people like that. Lifelong on welfare complaining that they never got a tax break.
There is play in the products sent here from overseas. On many we may not see much of an increase. Also, these tariffs will adjust downward at some point or are adjustable and not set in concrete. Somehow, we have to get more manufacturing here. We need to take care of ourselves in an emergency. It will not be like the heyday of manufacturing most likely. It will provide a measure of comfort to keep things running as smooth as possible in a not so good time.
pknopp
Diamond Member
- Jul 22, 2019
- 91,816
- 38,791
- 2,250
How is that relevant to what I said?
It's 38 trillion and it continues because people like you will continue to make excuses and continue to vote for it.
"Well no, if he would demand a balanced budget get passed I would support that."
what president ever demanded a balanced budget.....even your hero's? none
They can't wave a magic wand....
you voted for D's all your life and they never spend? give me a break.....
The debt goes back to Carter and probably beyond, don't act to naive about it
On paper it looks like trump wants to take the money we made from tariffs or import taxes and give it back
you know damn well you will smile and cash it.....if you say no you are just another democrat liar
pknopp
Diamond Member
- Jul 22, 2019
- 91,816
- 38,791
- 2,250
Trump did. Remember, he said it would be easy.
Lashing out as usual. I've never done any such thing but not being able to defend your positions you have to lash out.
Naive? LOL, I've condemned them all.
You support debt so you are obviously the Democrat.
Lesh
Diamond Member
- Dec 21, 2016
- 91,040
- 45,541
- 2,615
That was a fairly long string of gibberish
leftwinger
Diamond Member
Sighing, yes it was mussing some lerters, characters. Ooopps.
The answere is: The other Countries must REMOVE ONE-WAY Tariffs on USA Goods.
Including harassment, slowdown. Costly illegal hidden blockage on American goods coming in to them.
pknopp
Diamond Member
- Jul 22, 2019
- 91,816
- 38,791
- 2,250
It's illegal for other countries to create their own import laws? LOL
Mac-7
Diamond Member
- Oct 9, 2019
- 89,171
- 67,108
- 3,565
That will be inflationary
Trump says a tariff dividend of 'at least' $2,000 will be paid to most Americans
In a post on Truth Social on Sunday, Trump said the payments would be for all but "high income people."www.businessinsider.com
President Donald Trump on Sunday announced that a dividend payment of "at least" $2,000 would be paid to most Americans from US tariff revenues.
- President Donald Trump on Sunday announced that a $2,000 tariff dividend would be paid to Americans.
- In a post on Truth Social, Trump said the payments would be for all but "high income people."
- The president also called critics of tariffs "fools" and said the US was taking in "trillions of dollars."
In a post on Truth Social, he wrote: "We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion."
"A dividend of at least $2000 a person (not including high income people!) will be paid to everyone."
Gonna have to go with "not sure this is a good idea".....It should only be given out to taxpayers.
If deadbeats are gonna get it then I say use it to help pay down the National Debt.
Its better to pay down the debt
New Topics
-
-
Iran Says Any Country Can Pass Through Strait of Hormuz Except US and Israel. US Media Twisting Story- Started by munkle
- Replies: 7
-
Mark Zuckerberg is building an AI agent to help him be CEO- Started by EvilEyeFleegle
- Replies: 2
-
