Reply to thread

Message

<blockquote data-quote="RobGMN" data-source="post: 8884227" data-attributes="member: 683408">So you think that the consumer will not be affected by a 25% tariff that the importer gets hit with?OK fine. Tell me why the importer is going to absorbs that kind of hit. Or why the retailer will absorb it if the importer passes it on.No memes, just straight up business examples where an increase in costs doesn&#039;t get passed to the consumer. That&#039;s a big assumption. How much of an increase will cause sales to fall off?Cigarettes are $10 a pack. Did that industry vanish?Starbucks is $7 a cup. Their profits go up every year.I know Coke is not imported, but would a 25% increase in the price of a can kill sales? Go into a convenience store. You already pay 25% over going to a grocery store that is across the street. And people are happy to pay it. What is the increase that reduces sales?I&#039;m not sure how tariffs will make foreigners not find America a better place than where they are, or reduce the desire of Americans to do drugs (don&#039;t blame the gun, blame the person holding it; don&#039;t blame the dealer, blame the drug user -right?), but tariffs have failed since the Great Depression.If &quot;doing something meaningful&quot; is simply repeating a tactic that has failed over and over, maybe &quot;doing something meaningful&quot; should be a different tactic?Pick any product that we get primarily through import, but used to get here.Why is it imported now?What incentive is there to make it here again?How do we make it at a price that&#039;s close enough to the import, so the 42,000,000 min wage workers can afford it?Tariffs don&#039;t work. Trickle down doesn&#039;t work.&quot;Something meaningful&quot; is not trying to hide from competition or hurt them, it&#039;s doing BETTER than them.I don&#039;t advocate government interference in business, but when a business owner is making $300,000 per hour (or whatever it is) while his worker makes $8/hour, that&#039;s certainly not a path to &quot;better&quot;.And it&#039;s only happening more and more. The financial power is moving more, and faster, to a very small number of people. And financial power yields other power. They don&#039;t want to give up a dollar, so they pay a lobbyist millions to influence lawmakers regarding things like minimum wages, overtime wages, demanding tips in lieu of wages. They don&#039;t want to lose a dollar, so they pay lobbyists to influence lawmakers to ignore pollution. And they just become more and more wealthy. And powerful. A win for capitalism, but not for our citizens.</blockquote>

[QUOTE="RobGMN, post: 8884227, member: 683408"] So you think that the consumer will not be affected by a 25% tariff that the importer gets hit with? OK fine. Tell me why the importer is going to absorbs that kind of hit. Or why the retailer will absorb it if the importer passes it on. No memes, just straight up business examples where an increase in costs doesn't get passed to the consumer. That's a big assumption. How much of an increase will cause sales to fall off? Cigarettes are $10 a pack. Did that industry vanish? Starbucks is $7 a cup. Their profits go up every year. I know Coke is not imported, but would a 25% increase in the price of a can kill sales? Go into a convenience store. You already pay 25% over going to a grocery store that is across the street. And people are happy to pay it. What is the increase that reduces sales? I'm not sure how tariffs will make foreigners not find America a better place than where they are, or reduce the desire of Americans to do drugs (don't blame the gun, blame the person holding it; don't blame the dealer, blame the drug user -right?), but tariffs have failed since the Great Depression. If "doing something meaningful" is simply repeating a tactic that has failed over and over, maybe "doing something meaningful" should be a different tactic? Pick any product that we get primarily through import, but used to get here. Why is it imported now? What incentive is there to make it here again? How do we make it at a price that's close enough to the import, so the 42,000,000 min wage workers can afford it? Tariffs don't work. Trickle down doesn't work. "Something meaningful" is not trying to hide from competition or hurt them, it's doing BETTER than them. I don't advocate government interference in business, but when a business owner is making $300,000 per hour (or whatever it is) while his worker makes $8/hour, that's certainly not a path to "better". And it's only happening more and more. The financial power is moving more, and faster, to a very small number of people. And financial power yields other power. They don't want to give up a dollar, so they pay a lobbyist millions to influence lawmakers regarding things like minimum wages, overtime wages, demanding tips in lieu of wages. They don't want to lose a dollar, so they pay lobbyists to influence lawmakers to ignore pollution. And they just become more and more wealthy. And powerful. A win for capitalism, but not for our citizens. [/QUOTE]

Verification