Posted on 09/02/2016 5:10:40 AM PDT by expat_panama
“Your tariff will raise the price of both. That’s harmed.”
Sigh. NOT LONG TERM.
“More choices? Try same choices, only more expensive.”
Dolt. If Harley wasn’t protected it ceases to exist.
Less choices.
“Steel consuming industries harmed. Steel end users, pretty much everybody, harmed.”
Completely wrong:
Taussig says that in 1881, British steel rails sold for $31 a ton, and if Americans imported them they paid a $28/ton tariff, giving $59/ton for an imported ton of rails. American mills charged $61 a ton—and made a huge profit, which was then reinvested into increased capacity, higher quality steels and more efficient production.[44] By 1897 the American steel rail price had dropped to $19.60 per ton compared to the British price at $21.00 - not including the $7.84 duty charge - demonstrating that the tariff had performed its purpose of giving the industry time to become competitive.[45] Then the U.S. steel industry became an exporter of steel rail to England selling below the British price and during WW I would become the largest supplier of steel to the allies.”
Protect the industries with tariffs, they grow, become more efficient, prices DROP. Exports INCREASE.
This is WHAT ACTUALLY HAPPENED. IT’S NOT THEORY.
“Lower taxes and fewer moronic regulations on steelmakers will force them to move offshore? LOL!”
No dummy, they’ve ALREADY MOVED OFFSHORE. They’re not coming back just because taxes go down from 35% to 25%.
“Higher tariffs (temporary tariffs, LOL!) will reduce your income taxes. I promise!”
Higher tariffs will increase your wages and standard of living. I promise.
“Foreign workers and companies would benefit from lower US taxes? That’s terrible!!!”
It’s not terrible, but there’s less to gain in wages.
“Don’t forget, foreign consumers will benefit from our healthy manufacturers exporting more of our products. Bastards!”
Oh yeah I can see China now buying all those AMerican made GM cars simply because we “lowered taxes and got rid of moronic regulations”...Get real.
He, like you and other Useful Idiots, was all about Free Trade.
“Yup. Marx was all about the freedom to buy and sell.”
Nope. Marx was all about Free Trade between nations.
“Just like Venezuela today.”
Venezuela is not about Free Trade, in fact they’re a Founding Member of the cartel OPEC.
The absolute antithesis of global free trade.
End the tariffs and cheap imports come back. And my income taxes go back up.
Taussig says that in 1881,
Don't you have a more ancient example? LOL!
No dummy, they’ve ALREADY MOVED OFFSHORE.
And a temporary tariff will bring them back? LOL!
We produced about 85 million tons last year. Is that enough to make our tanks and ships?
Higher tariffs will increase your wages and standard of living. I promise.
You never did mention your tariff rate. 25%? 50%?
Yeah, making all my purchases more expensive is the best way to increase my standard of living. Sounds like Obama economics.
Oh yeah I can see China now buying all those AMerican made GM cars
I'm not counting on China buying anything. I'm more interested in selling to free economies.
Venezuela is not about Free Trade,
That's a relief, I wouldn't want free trade to " raise class tensions and therefore bring HASTEN his glorious workers revolution". Not to mention making them a 3rd world country.
“In order to fund the government at it’s current levels you would need a tariff of 150% on every dollar of imports. You really think that would work? “
We’re currently NOT funding government at it’s current spending levels.
To do so we’ll need income taxes to increase to 50-75%, You really think THAT would work?
“End the tariffs and cheap imports come back. And my income taxes go back up.”
No. You don’t end the tariff until domestic production maximizes efficiency and is cheaper than pre-tariff pricing.
I’ve stated this a hundred times, shown examples of it happening and you willfully remain ignorant of the process.
“Don’t you have a more ancient example? LOL!”
The Constitution is older than that, you ridicule the examples of that as well?
That your reduced to that kind of comments, demonstrates your merely an ideologue: “tariffs are bad”.
“And a temporary tariff will bring them back? LOL!”
Yes. LOL.
“We produced about 85 million tons last year. Is that enough to make our tanks and ships?”
Considering that’s just about where our production level was in 1941, I’d say if there ever was another war get ready for metal rationing and wooden cars.
“You never did mention your tariff rate. 25%? 50%?”
You never did mention your income tax rate, that would pay for all these imports... 75%? 90%?
“I’m not counting on China buying anything.”
Then they will be wealthy and you’ll be poor. Only a matter of time.
You’ll lose your job (if you even have one, which I doubt) and you’ll have a house full of cheap imported outdated worthless electronics.
So I guess you’ll consider yourself “wealthier”.
Ignorant and pathetic.
The auto makers are going to hike their prices to take advantage of the $10,000 tariff and then reduce prices at some point in the future? What if they don't? We're stuck with the $10,000 tariff and higher domestic prices.....forever?
The Constitution is older than that, you ridicule the examples of that as well?
No, I'll just ridicule your moronic manufacturing story from 130 years ago.
Considering that’s just about where our production level was in 1941,
Considering you said they already left, that's pretty good.
I’d say if there ever was another war get ready for metal rationing and wooden cars.
We need to raise our steel prices and increase production to 1945 levels? Just in case we need to build WWII tanks?
You never did mention your income tax rate, that would pay for all these imports... 75%? 90%?
I think a 20% corporate rate and a 20% top individual rate would work just fine.
Then they will be wealthy and you’ll be poor.
Will they be wealthy before or after their banking system implodes and they devalue?
“The auto makers are going to hike their prices to take advantage of the $10,000 tariff and then reduce prices at some point in the future? What if they don’t? We’re stuck with the $10,000 tariff and higher domestic prices.....forever?”
I don’t know anyone who would go out an buy a car that just had a price hike of $10,000 do you?
“No, I’ll just ridicule your moronic manufacturing story from 130 years ago.”
Lol, it’s not MY story, it’s American History. Lol. Try reading it when you get a chance in between posting all day long. Do you work?
“Considering you said they already left, that’s pretty good.”
Well you may think that’s good, I would say having production levels at 1941 levels means we as a country are going in the wrong direction, backwards.
“We need to raise our steel prices and increase production to 1945 levels? Just in case we need to build WWII tanks?”
Lol, no. It needed to be pointed out that there IS a national security angle to this. If we got into a war with China, production wise we’d be in bit of trouble.
“I think a 20% corporate rate and a 20% top individual rate would work just fine.”
I’m fine with that, I’d even bet that gov revenue rises at those rates. Corporations may move their HQ’s back to the US, but it won’t bring back much manufacturing because of cheap labor remains abroad.
“Will they be wealthy before or after their banking system implodes and they devalue?”
So what your saying is: it’s bad when your banking system implodes, right?
Didn’t our banking system just implode? Under Free Trade?
How could that Happen!
Let’s see:
Bank of America
Citi
JPMorgan
Wells Fargo
US Bancorp
SunTrust
Capital One
That’s all I can remember offhand...
What was it %700 BILLION in bailout money?
That was taken FROM your paycheck given TO those banks BY a yuge fedgov that lives and GROWS off Treasury auctions dependent completely on countries we IMPORT from.
China gets dollars from YOU, they have to spend dollars on something, they don’t buy anything from us except Treasuries which enriches the already bloated fedgov, which you as a “conservative” are supposedly against.
You gotta buy a car sometime. Did Japanese motorcycle sales drop to zero when Reagan added the tariff?
Lol, it’s not MY story, it’s American History.
Well, gosh, it's not like there were any improvements in productivity or technology in the steel industry back in the 1880s. It's almost exactly like our current situation.
I'm sure all we need is a huge tariff and steel will drop by two-thirds in no time. LOL!
Well you may think that’s good, I would say having production levels at 1941 levels means we as a country are going in the wrong direction, backwards.
Why? We suffering from a steel shortage?
It needed to be pointed out that there IS a national security angle to this. If we got into a war with China, production wise we’d be in bit of trouble.
Why? How much steel do we need to fight the Chinese hordes? Link?
I’m fine with that, I’d even bet that gov revenue rises at those rates. Corporations may move their HQ’s back to the US, but it won’t bring back much manufacturing because of cheap labor remains abroad.
Is that why Burkina Faso is a manufacturing powerhouse?
So what your saying is: it’s bad when your banking system implodes, right?
If you knew anything about China, you'd know what I was talking about.
What was it %700 BILLION in bailout money?
You have a question about TARP?
That was taken FROM your paycheck given TO those banks
Given? LOL!
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