Posted on 08/05/2016 7:02:35 AM PDT by 1rudeboy
Statistic | Actual | Briefing Forecast | Market Expects | Prior | Revised From |
Nonfarm Payrolls | 255K | 180K | 185K | 292K | 287K |
Nonfarm Private Payrolls | 217K | 174K | 171K | 259K | 265K |
Average Workweek | 34.5 | 34.4 | 34.4 | 34.4 | -- |
Trade Balance | -$44.5B | -$43.0B | -$42.7B | -$41.0B |
Great news --trade deficit gets bigger as more people are working!
Excellent! You're not completely ignorant of economics.
Of course this refutes your claim that if you don't buy the foreign product you don't pay the tax.
Now if the CEO of GM talked to the CEO of Ford and said, let's hike prices by $9000 per car, that would be collusion.
What would you call it if they both raised prices by $9000 per car after the government raises taxes on imports by $10,000, with no communication?
It's what happens after that is what's important.
Exactly. That's where your protectionist ideas always fail.
So lets say Company A is currently running 2 shifts and has a 33% excess capacity before the embargo. What happens after the embargo?
And that’s the thing—trade deficits (generally) are inversely correlated with the health of the economy. The surest way to lower the trade deficit is to drive the economy into recession.
We hear all the time about sending factories overseas but this idea just doesn't make sense:
Somehow it should be a lot more reasonable to see that the purpose of a factory is to make things and not to just give money to the unemployed. I've built factories and I've owned them only as long as they made things I could sell. As soon as any of them stopped doing that I've sold them and built new factories.
Factories are big, they don't move, and they can't be 'sent'.
It is amusing when my simplistic analysis refutes your silly claims.
So lets say Company A is currently running 2 shifts and has a 33% excess capacity before the embargo.
You think the secret to recent automaker profitability is to have 33% excess capacity?
That's kinda why they went under during the crisis.
Free Trade, big difference from what has been shoved down our throats.
I hear that a lot. But no one can ever tell me what has been shoved down their throat.
If here is collusion then venture capitalist will start a new company D and they will undercut all three to reap the huge profit margin again the pressure on price will be downward.
That explains their wish for tariffs to bail out their poor decisions.
It's interesting how easily I refuted your claim, "Tariffs are voluntary taxes, don't buy don't pay"
Its normal for a plant to not operate 24/7 and only have two shifts.
I view this as good new.
In 1983 Reagan said it all.
“WASHINGTON, April 1 In an unusually strong protectionist action, President Reagan today ordered a tenfold increase in tariffs for imported heavyweight motorycles.”
Huh? I read your link to mean that Toyota was going from 2 to 3 shifts, so it could operate 24/7.
How did you feel when Obama announced his tariff on tires, or when Bush 43 announced his tariffs on steel?
Re:
I’m not mad, and you are not crazy. Our manufacturers pay the highest (or the second-highest, depending on the measure) corporate income tax rate in the world, and they do so on their worldwide income, which is a concept unheard of elsewhere. It probably is the largest factor contributing to off-shoring, but no one cares to discuss it . . . because raising taxes on importers (i.e., raising taxing on ourselves—but who thinks that far?) is easier to do politically than reforming the corporate tax code (which would make people think, instead of emote).
This is only partially true. Our SMALL, DOMESTIC manufactures pay the highest corporate taxes. Unfortunately this is where most new jobs are created.
These same manufacters are also hamstrumg by excessive environmental regulation.
However our manufacturers that are run by LARGE, GLOBAL CORPORATE are quite skilled at evading taxes.
http://topics.bloomberg.com/the-great-corporate-tax-dodge/
China, while we may not have a free trade treaty with it, joined the WTO under special protocals, read exemptions
“The fine print in China’s WTO agreement was in an attached document euphemistically labeled an “accession agreement,” which gave China status as a “nonmarket economy” and spelled out thousands of details about special preferences for China. China was allowed to impose higher tariffs than other countries, and ever since has protected its auto industry by a prohibitive tariff on imported cars. By contrast, South Korea’s tariff on imported cars is 8 percent, and the European Union’s is 10 percent. “
http://www.eagleforum.org/psr/2012/jan12/psrjan12.html#3
see post 57
Yeah, I hear that a lot from the OWS-types. US corporations are not paying their “fair share.” And then conservatives hop aboard the Willie Green train and argue that we shouldn’t reform the corporate tax code for that reason, as if the one has anything to do with the other.
We have not VAT so the argument is not complete.
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