JFKjr Posted March 29 Posted March 29 25 minutes ago, 4th&long said: You mean the art of going bankrupt? If it keeps you up at night so be it. Glad I have YOU to worry about it.
The Frankish Reich Posted March 29 Author Posted March 29 1 hour ago, JFKjr said: It's a negotiating tool. I could explain further, but you could also read "the Art of the Deal." OK, so tariffs are used as leverage to exact concessions from our trade partner. Makes sense so far, although the legality of using tariffs for that purpose under the guise of national security sounds a little suspect ... ... but tariffs are also supposed to replace other taxes - like income tax revenue, right? I mean, Trump said it himself when he coined the term "External Revenue Service" (a/k/a the United States Customs Service). So if his tariffs as bargaining ploy work, his tariffs as revenue generators fail. So it's pretty much bs. Or he really doesn't understand the zero sum nature of these two conflicting purposes. Or both. You are more adept and grammar/spelling/usage than at economics/game theory.
dgrochester55 Posted March 29 Posted March 29 (edited) Dems: We hate how everything is going, it is a threat to democracy! It is making things tough for the people Rational person: What are your plans in doing something about it? Dems: Continuing the plan under Biden, four years of Whining, bitching, gaslighting, frivolous abuse of the court system......and oh yeah, we added the smashing of Teslas this time around. Rational person: You see, this is why you lost last time, and why your approval is still at an all time low despite what is happening with Tariffs, the Ukraine and DOGE. Dems: But Trump is hiiiiiiitleeeeeeeeeeer!!!!! Edited March 29 by dgrochester55
Doc Brown Posted March 29 Posted March 29 5 hours ago, BillsFanNC said: About 90% of Americans use the standard deduction and don't itemize their taxes. A few hundred a month you can write off won't move the needle as the standard deduction will still be the better option. So, this really only positively impacts the well off.
Niagara Bill Posted March 29 Posted March 29 3 hours ago, JFKjr said: It's a negotiating tool. I could explain further, but you could also read "the Art of the Deal." Art of the Deal, Like the Apprentice, pure fiction 1 2
SectionC3 Posted March 30 Posted March 30 (edited) 17 hours ago, dgrochester55 said: Dems: We hate how everything is going, it is a threat to democracy! It is making things tough for the people Rational person: What are your plans in doing something about it? Dems: Continuing the plan under Biden, four years of Whining, bitching, gaslighting, frivolous abuse of the court system......and oh yeah, we added the smashing of Teslas this time around. Rational person: You see, this is why you lost last time, and why your approval is still at an all time low despite what is happening with Tariffs, the Ukraine and DOGE. Dems: But Trump is hiiiiiiitleeeeeeeeeeer!!!!! You have a lot of time on your hands. Get a job. And get off of welfare. 19 hours ago, JFKjr said: It's a negotiating tool. I could explain further, but you could also read "the Art of the Deal." How many chapters are dedicated to emerging from chapters 7/11? Edited March 30 by SectionC3
Trump_is_Mentally_fit Posted March 30 Posted March 30 No one in the WH even knows what the clown will do on "Liberation Day" It's just chaos with a crazy, ignorant man in charge https://www.dailymail.co.uk/news/article-14551217/White-House-officials-quietly-freaking-Trump-upcoming-Liberation-Day-tariff-announcement.html 1
JFKjr Posted March 30 Posted March 30 3 hours ago, SectionC3 said: How many chapters are dedicated to emerging from chapters 7/11? Ironically that's exactly what Trump's going to need to do with the U.S. We've been driving toward insolvency for decades, and there is no amount of tinkering with the system that's going to fix that. I expect him to usher in an entirely new system. But, carry on with the Libnut interpretations of Economics 101.
B-Man Posted March 31 Posted March 31 Who ? Trump’s Auto Tariffs Just Got a Huge Endorsement Matt Margolis United Auto Workers (UAW) President Shawn Fain, who backed Kamala Harris in last year’s election, just delivered the most significant endorsement yet of President Donald Trump’s tariffs on foreign-made automobiles. Defying the left’s narrative, Fain called the tariffs a necessary tool to bring manufacturing jobs back to the United States. Speaking on CBS’s “Face the Nation,” Fain agreed with Trump trade adviser Peter Navarro’s assessment that American auto plants are operating at only 60% capacity, which leaves plenty of room to ramp up production domestically. “He’s spot on,” Fain said, citing the example of Stellantis, which recently laid off 2,000 workers in Warren, Mich., after shifting Ram truck production to Mexico. “They could shift that work back in very short order and be producing Ram trucks right back there and put those people back to work.” https://pjmedia.com/matt-margolis/2025/03/31/this-is-the-most-significant-endorsement-of-trumps-auto-tariffs-yet-n4938440
Big Blitz Posted March 31 Posted March 31 But why oh why do these tariffs exist on us? Good thing the Old Media, like Old Europe, is dead.
Roundybout Posted April 1 Posted April 1 9 hours ago, B-Man said: Who ? Trump’s Auto Tariffs Just Got a Huge Endorsement Matt Margolis United Auto Workers (UAW) President Shawn Fain, who backed Kamala Harris in last year’s election, just delivered the most significant endorsement yet of President Donald Trump’s tariffs on foreign-made automobiles. Defying the left’s narrative, Fain called the tariffs a necessary tool to bring manufacturing jobs back to the United States. Speaking on CBS’s “Face the Nation,” Fain agreed with Trump trade adviser Peter Navarro’s assessment that American auto plants are operating at only 60% capacity, which leaves plenty of room to ramp up production domestically. “He’s spot on,” Fain said, citing the example of Stellantis, which recently laid off 2,000 workers in Warren, Mich., after shifting Ram truck production to Mexico. “They could shift that work back in very short order and be producing Ram trucks right back there and put those people back to work.” https://pjmedia.com/matt-margolis/2025/03/31/this-is-the-most-significant-endorsement-of-trumps-auto-tariffs-yet-n4938440 Eff unions. Rent-seeking leeches. Oh, and they’re completely wrong too.
Homelander Posted April 1 Posted April 1 It takes an astonishing level of incompetence to push Japan and South Korea so far that they align with China against the U.S. Unbelievably reckless. 2 1
Andy1 Posted April 1 Posted April 1 11 minutes ago, Homelander said: It takes an astonishing level of incompetence to push Japan and South Korea so far that they align with China against the U.S. Unbelievably reckless. As Trumps America chooses isolation and a retreat from International trade and engagement, China will happily move into the vacuum to form alliances, trade agreements etc. to become the dominant world power. 3
Mikie2times Posted April 1 Posted April 1 His supporters are growing quiet and incapable of defending this insanity. If they do try it’s certainly not with logic shared by the most educated on the subject. Meanwhile this topic will define his presidency. It’s what he focuses on most, talks about most, and will impact us the most. Most Americans in polling are already saying he needs to focus on other things. 5
Roundybout Posted April 2 Posted April 2 On 2/1/2025 at 6:58 PM, JDHillFan said: And when this doesn’t happen, which it won’t, will you be here to walk back your hysteria? Rhetorical question. Hey buddy, just checking in on this dog**** elitist nonsense. Am I allowed to be upset yet?
JDHillFan Posted April 2 Posted April 2 2 hours ago, Roundybout said: Hey buddy, just checking in on this dog**** elitist nonsense. Am I allowed to be upset yet? On 8/5/2024 at 10:24 AM, Roundybout said: You’re so mad, I’ll buy the dips today. Knock yourself out.
B-Man Posted April 3 Posted April 3 An Economist's Take on Tariffs: They May Be Bad, but Income Taxes Are Worse Ward Clark Walter Edward Block is an economist. He's not just any economist, either; he is a self-professed anarcho-capitalist, which term describes the free-est free traders that ever free traded. He holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University/New Orleans, and he is a member of the Faculty Network of the Foundation for Economic Education. So, he has been around the economic block a few times. He's not a fan of tariffs, as you might expect from an anarcho-capitalist after the manner of Ludwig von Mises. But as it happens, he's even less of a fan of the income tax and reckons that tariffs may be the lesser of two evils: ...when it comes to comparative advantage, all too many people are out to lunch insofar as the teachings of Economics 101 are concerned. They fear that other countries might be more efficient than we are; with free trade, they would produce everything, we, nothing, and we would all starve to death from massive unemployment. To dispel this myth, let’s consider a thought experiment. A lawyer is as good a typist as his secretary. He can produce $1,000 per day by practicing his profession. But for every such day, he needs a certain amount of typing. He can produce $200 worth each day. In two days, he can thus earn $1200 on his own. If he hires a typist, he can earn $2,000 from lawyering in two days, but must pay his secretary $200 daily for a total of $400. If he trades with her, he will come out with $2,000-$400=$1,600, an appreciable gain for him. So is there any economic case for tariffs, given the foregoing? Yes, paradoxically, there is—in a way, if the alternative is a tax that’s even worse. {snip} Mr. Block concludes: To put it another way, if we accept that there has to be a government, and it therefore needs some revenue to function, this might be the least-bad option. Should we worry about so many people becoming unemployed? Not at all. A similar sort of thing occurred when the car replaced the horse and buggy, when the cell phone substituted for Kodak, when we switched from typewriters to computers, etc. We are all the richer for this sort of thing, and will be in this case too. https://redstate.com/wardclark/2025/04/02/an-economists-take-on-tariffs-they-may-be-bad-but-income-taxes-are-worse-n2187432
meazza Posted April 3 Posted April 3 2 minutes ago, B-Man said: An Economist's Take on Tariffs: They May Be Bad, but Income Taxes Are Worse Ward Clark Walter Edward Block is an economist. He's not just any economist, either; he is a self-professed anarcho-capitalist, which term describes the free-est free traders that ever free traded. He holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University/New Orleans, and he is a member of the Faculty Network of the Foundation for Economic Education. So, he has been around the economic block a few times. He's not a fan of tariffs, as you might expect from an anarcho-capitalist after the manner of Ludwig von Mises. But as it happens, he's even less of a fan of the income tax and reckons that tariffs may be the lesser of two evils: ...when it comes to comparative advantage, all too many people are out to lunch insofar as the teachings of Economics 101 are concerned. They fear that other countries might be more efficient than we are; with free trade, they would produce everything, we, nothing, and we would all starve to death from massive unemployment. To dispel this myth, let’s consider a thought experiment. A lawyer is as good a typist as his secretary. He can produce $1,000 per day by practicing his profession. But for every such day, he needs a certain amount of typing. He can produce $200 worth each day. In two days, he can thus earn $1200 on his own. If he hires a typist, he can earn $2,000 from lawyering in two days, but must pay his secretary $200 daily for a total of $400. If he trades with her, he will come out with $2,000-$400=$1,600, an appreciable gain for him. So is there any economic case for tariffs, given the foregoing? Yes, paradoxically, there is—in a way, if the alternative is a tax that’s even worse. {snip} Mr. Block concludes: To put it another way, if we accept that there has to be a government, and it therefore needs some revenue to function, this might be the least-bad option. Should we worry about so many people becoming unemployed? Not at all. A similar sort of thing occurred when the car replaced the horse and buggy, when the cell phone substituted for Kodak, when we switched from typewriters to computers, etc. We are all the richer for this sort of thing, and will be in this case too. https://redstate.com/wardclark/2025/04/02/an-economists-take-on-tariffs-they-may-be-bad-but-income-taxes-are-worse-n2187432 Never change old man.
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