Current events discussion

[Eggs 5,000+ posts]

 

[Jimi77 Premium Member]

So the Dems had a backdoor quasi-citizenship program for illegals. Yet they get all bent out of shape when Trump exercises Executive Power. Funny how that works. What scumbags.

 

[Jimi77 Premium Member]

Great. I'm in Albuquerque ~once or more a year. It's pretty rough and looks like it must be getting rougher than the last time I was there. It's crazy to driver thru a city where bars on your windows is the norm.

https://thehill.com/homenews/state-watch/5239774-new-mexico-michelle-lujan-grisham-abq/

 

[Jimi77 Premium Member]

DOGE cuts in Colorado. I'll say this, I know 4 of those properties are in super prime locations (ie 1670 Broadway is Downtown Denver - as expensive as it gets in the Metro Area), so the gov't is overpaying to be in those locations.

https://kdvr.com/news/local/doge-is-terminating-9-4m-in-leases-across-colorado-see-the-full-list/?ipid=promo-link-block1

 

[Jimi77 Premium Member]

It's nice to see some Dems placing jobs ahead of towing the leftist line.

Michigan Democratic Gov. Whitmer strays from her party in moving closer to Trump

Michigan Gov. Gretchen Whitmer is calling for Democrats and Republicans to work together to help boost American manufacturing.

apnews.com

 

[Eggs 5,000+ posts]

Sad…. Maybe HRC was cleaning up something? Apparently they still not releasing the Seth rich laptop.

 

[Eggs 5,000+ posts]

 

[Eggs 5,000+ posts]

 

[RobGMN Premium Member]

Here is my view...

If we charge China the high tariffs which cause the US consumer to pay higher prices but the cost isn't really that bad, it is a win for the US right? We are getting income from the tariffs (which is the goal) and we are still boosting the economy by continuing to purchase goods.

We're not charging China the tariffs. We are charging the US importer.
That importer passes the cost onto the consumer, and even makes money off it if they do a simple keystone markup of their product.
Example: Buy for $100, sell for $200 = $100 profit
Now, tack a 25% tariff onto that $100. It becomes:
Buy for $125, sell for $250 = $125 profit

China gets their $100 from the importer; the US government gets $25 from the importer; the importer gets an additional $25 in profit on a tax they paid.

Why not just tack another 25% in sales tax on the item? Why are we giving sellers profit on a tax they pay?

 

[RobGMN Premium Member]

No TSS isn't hitting me hard. You want to have some crazy debate about who pays what and how it's paid so technically Trump is a liar, etc, etc, etc. And lets be honest, if I produced cancelled checks from China Cheap Goods Mfg to the IRS, you'd just run with the narrative that it's a pass through tax so Trump is still a liar. If you think I really care weather it's the importer or the exporter or the shipping company or the end customer or the end retailer or whatever other method they might collect tariffs, then you are sorely mistaken. But if it makes you feel better to have Trump lie number 30,952, then please rant on.

And so you COMPLETELY disregard what it very plainly indicates on the government website as to WHO pays import tariffs, and call it a "crazy debate", after saying Trump Derangement Syndrome is what's making me believe the government website info?

You "don't care" who pays the tariff, tells me that you don't even understand what a tariff is.
Show me where Trump can tell Chinese exporters that they will pay him a tariff to put their goods on a boat and ship it here.
That is why these are IMPORT TARIFFFS, PAID BY THE IMPORTER IN THE US.

If Trump sets a 125% import tariff on goods, that money comes directly out of OUR pockets as both a tariff fee, plus an additional profit that we pay to the seller.
This punishes the Chinese seller in no way, other than the possibility that we reduce our spending on those goods.
Reduced spending on those goods means less sales for US businesses.
That means less sales tax collected.
That means reduced need for workers.
That means higher unemployment.
That means more people on welfare.
MAGA Winning!

 

[RobGMN Premium Member]

The other thing we need to consider is basically we have built up China's economy & military for 30+ years in exchange for cheaper, lower quality goods. I think any sane person (ie people not suffering from TDS) would say that we got the short end of the stick in that exchange. So assuming one is sane, would they seek to discontinue that exchange or would they vandalize some random person's Tesla even they have no idea about that person's political beliefs?

A person with Delusional Trump Supporter Syndrome would completely fail to see that the excessive tariff plan didn't work the first time around, and historically has not ever worked.

That same person with DTSS would probably not know that the tariff idea was foisted on Trump by a guy who wrote a book about China and tariffs, basing his theories on an "expert" who was a non-existent person.
That same person would probably not know that the non-existent "expert" was sending memos around Washington, lauding the fantastic idea of fighting the world by imposing massive import tariffs on goods.

That same person with DTSS might for some silly reason believe that a US import tariff is paid by a foreign exporter, and they absorb the cost out of the goodness of their heart.

That person with DTSS would likely believe what Trump claims, despite all of the import laws that say Trump is lying, the likes of which can be viewed by any member of the public with internet access.
They would probably believe it if Trump said "tomorrow, you will stop on green, and go on red".

 

[stocker08 10+ year member]

I have to interject this - since SSI revenue is raided by the general fund, doesn't all come from one place? It's just a big shell game.

I don't know exactly how it's all worked out. I assume it's part of discretionary funding, but I'm not positive....and I don't care to look it up.

 

[ThxOne Premium Member]

We're not charging China the tariffs. We are charging the US importer.
That importer passes the cost onto the consumer, and even makes money off it if they do a simple keystone markup of their product.
Example: Buy for $100, sell for $200 = $100 profit
Now, tack a 25% tariff onto that $100. It becomes:
Buy for $125, sell for $250 = $125 profit

China gets their $100 from the importer; the US government gets $25 from the importer; the importer gets an additional $25 in profit on a tax they paid.

Why not just tack another 25% in sales tax on the item? Why are we giving sellers profit on a tax they pay?

I don't think that is how it works.

If China sells us a pair of shoes for $100 and there is a 25% tariff they will pocket $75. If they want to make their profit margin China will have to raise the price of their shoes. Which will reflect an even higher price here. The higher the prices rise here the less demand for that product and China will lose money quickly. This means it's time to make a deal.

 

[stocker08 10+ year member]

I don't think that is how it works.

If China sells us a pair of shoes for $100 and there is a 25% tariff they will pocket $75. If they want to make their profit margin China will have to raise the price of their shoes. Which will reflect an even higher price here. The higher the prices rise here the less demand for that product and China will lose money quickly. This means it's time to make a deal.

That's not how it works at all. Let's use Walmart as an example because they import tons of stuff to sell. If they're buying a product from China at a wholesale price of $100....in order to get it into the country....they'll need to pay the government the tariff percentage (which would be $125 if the rate is 125%). So in essence.....the Chinese manufacturer will receive the same $100 from Walmart regardless of the tariff rate. But Walmart's costs for that product are now $225 rather than $100 (with the excess going to the government). Walmart has to significantly raise the cost of the product or not import and sell it at their stores.

 

[ThxOne Premium Member]

Here, I will show you.

Hello American business man. I will sell you 10,000 cars. The Price is $10,000 a piece.
Hello Chinese business man. What is the tariff on your cars?
Ahh, Orange man say 65%.
You want me to pay an extra $65,000,000 just because???
Yes, if you don't mind. We have been screwing Americans for long time. Now, Trump make us pay. Only way we make uh owa moneyis if you pay extra $65,000,000. We hava deal?
Keep your junk cars.