As I said
I tell ya what.
The tariffs are already in place.
They are already reducing the deficit.
So, if/when we get the deficit under control I’ll let -->YOU<-- pick which tax to reduce.
I’d bet my last dollar, if you are honest you will not pick tariffs.
Now the other liar is claiming to want to tax the rich, while lying about being rich, while crying that Trump raised his taxes.
It won’t be tariffs. I already told you where I hope to get conservatives now they have bended the knee to taxing the poorest citizens more.
So then, do you
just like me
and just like CATO
and just like Donald Trump
you believe that some taxes are worse than tariffs?
And
support the idea of cutting those taxes, even if it means putting tariffs in place?
I have no idea what you are talking about with your bread example.
We have a huge consumer based economy and a high standard of living.
We have problems with our economy but imports aren’t it IMO.
If you are comfortable introducing inflationary and dampening actions into the economy we should raise the minimum wage to $20 and mandate benefits for employees. Treat our new class of jobs the way we treated factory jobs in the past.
You make some pretty weird analogies.
That we are in debt and that has negative consequences doesn’t negate the fact that slowing imports could well indicate a coming contraction of the economy.
You my have forgetten when we discussed this.
Trade deficits can take several forms,
But te trade deficit, as currently experienced in the US
and more interestingly the increase in the trade deficit
shows as sustained dollar-for-dollar correspondance
to increased lending and stock investment from overseas.
Every month, every year we buy their stuff a little more,
and every moth, every year they become our landlord, our boss and our lender a little more.
It is exactly precisley what happened in
It is exactly precisely what Warren buffet called “trading of assets for consumables.” He ddescribed it is not economic health, but as an economic death spiral
"The time to halt this trading of assets for consumables is now, and I have a plan to suggest for getting it done. My remedy may sound gimmicky, and in truth it is a tariff called by another name. . . . "
He reiterated his comments a decade later.
The answer isn’t to put in place measures that result in slowing our economy. Regulate overseas investment if want.
One farm family eats a bushel of grain a week_____because they produce it.
Amother farm family eats a bushel of grain a week ____but only because each week, they borrow money, or sell the plow then sell the tractor then sell part of their farmland.
.
.
.
Along comes a bad economist who says “None of that matters. Eating more means the farm is successful. Whoever eats more wins. We should intervene in the free market & encourage more of this borrowing-and-eating.”
(In fact despite being such a bad economist he wrires textbooks, works at the Fed and teaches economics classes."
This is just so wacky I don’t even know how to respond.
And I can’t tell if you are bitching about goverment debt, personal debt, or both.
Either way, of course those things influence and are part of our larger economy. But the fact remains, the tariffs are a tax on consumers and are regressive in nature. And could well slow consumption which could well lead to an economic contraction, leading to the lower income Americans funding the country through a regressive tax during hard times.
A better option would be to raise wages, which leads to increases in tax revenue, and less personal debt.
Off the top of my head, I can think [ THREE ways to raise domestic wages.
1.) Reduce the supply of domestic labor (throw out the illegals and the fraudulent asylum seekers.)
2.) Increase demand for domestic labor (use tariffs to offset unfair trade practices.)
and
3.) Eliminate taxes that are paid by bottom-half workers, incl. taxes on tips and taxes on overtime.
Do you concur that each of these would increase wages?
#1 will.
#2 won’t because we’re already at full employment. If we opened 1000 sock factories tomorrow because the tariffs made chinese socks to expensive, we wouldn’t have enough people to work in the sock factory, while keeping our home depots staffed.
#3 no, that doesn’t increase wages. It might increase money in pocket, but the details remain to be seen. It’s also fundamentally absurd. There is nothing about income from tips that justifies they not be taxed.
If you are worried about low wage earners having more money in their pocket, raise the floor for 0 income tax. That way you help the Walmart shelf stocker and the waiter at the diner.
Wow. Exactly the same argument made by people who want lower income tax rates.
Supply and demand isn’t just a good idea. It’s the law.
When you deport 1million Uber Drivers and try to hire1 million textile workers wafes ho up EVEN FOR THE WALMART WORKERS AND MCDONALDS WORKERS WHO NEVER CHANGE THEIR JOBS.
Giaus is of the opinion that efforts to increase consumption - like lowering income tax - are folly because consumption isn’t a true measure of an economy’s health.
What about auto factories instead of sock factories?
There won’t be enough workers. We are at full employment.
Sort of.
I know the truth and the truth is
And
I gtg
Back in a few hours.
