Posted on 01/17/2017 4:34:53 AM PST by expat_panama
With their Party having won control of all three branches of the federal government in the recent election, Republican tax experts are seemingly desperate to help the GOP give back its gains. Evidence supporting this claim is the growing support among Republican tax scholars (and apparently legislators too) in favor of what they describe as a “border adjustable tax system.” They don’t call the Republican Party the “stupid party” for nothing.
The new revenue stream popular among certain members of the Republican commentariat calls for reducing the corporate tax in favor of a value-added tax (VAT) placed on goods made outside the United States, but that are exported to the U.S. The argument is rooted in numerous falsehoods, fallacies, and plain bad economics.
Advocates lament the fact that almost all countries tax U.S. produced goods that are exported to foreign countries with a VAT. The argument, if readers can stop laughing (or crying), is that since other countries injure their citizens by virtue of taxing imports, so should the U.S. injure its own.
“Not so fast” say Republican cheerleaders of this most mindless of tax ideas...
...One comical argument offered to explain what is absurd is that “we have to make things in America to make America great again.” The Republicans who still understand Say’s Law will hopefully explain to their misguided comrades that the U.S. is the world’s biggest importer precisely because its people produce more goods and services than anyone else in the world. At the same time, the Republicans who choose to understand basic economics no matter the inhabitant of the White House might also explain to the Party’s errant tax strategists that it's not the job of the American people to fund an ever bigger government in the first place.
(Excerpt) Read more at forbes.com ...
I say more tariffs and less income taxes.
You never answered my question, how does Ford pay a BAT on cars it ships form North Mexico to Indiana? Ford owns those cars until somebody, a dealer, buys them. Ford is not like WalMart who is retailer and buys everything they sell. Thinking things through and answering questions is not your strong suit.
I’ve known some pretty simple engineers in my day.
But I think you just like to be a willful idiot here. As that chart shows, all kinds of skilled workers *average* below 100 on IQ: machine workers of various types, carpenters and other construction workers, assemblers, plumbers, auto and heavy equipment and other mechanics, electricians, clerical supervisors, farm laborers, truck drivers and freight and materials handlers, etc.
The vast majority of our population could well be employed without are scrambling to bring in mass no-skill jobs from third-world countries. (We just need to get the illegal third-world immigrants out!)
`All I am saying the chart you posted is ridiculous. It has no legend for Pete’s sake.
So you’re basically admitting you’re too stupid to argue with. Your name isn’t Navarro by any chance, is it?
Explain the chart. It shows for chunks of IQ ranges for each occupation I suppose those represent standard deviations but it doesn’t really say does it?
Yousers! What else do you need for the chart?
I think the quartiles are intuitive (e.g., the average IQ for engineering-related professions is 104, but the bottom quartile averages somewhere in the low 90s), though there is a line of text below the graph that basically confirms that.
Perhaps clicking through to the referenced source material would help?
http://www.ssc.wisc.edu/cde/cdewp/98-07.pdf
Advocates lament the fact that almost all countries tax U.S. produced goods that are exported to foreign countries with a VAT. The argument, if readers can stop laughing (or crying), is that since other countries injure their citizens by virtue of taxing imports, so should the U.S. injure its own.
So this argument is that if china has a 47% tax on US made autos, we should accept china imports with zero border tax? We all recognize the fact that a border tax will increase the cost of imported goods.
Higher priced imports is the cost of bringing jobs back to the USA.
Technology, not “third world wages”, killed most of what manufacturing that has been lost in the U.S. and THAT has occurred globally, not just in the U.S. But time, and the inevitable rise of even more technology, can increase manufacturing here, IF - and its a big IF - we have a workforce that can handle it, not tariffs against IMPORTS, which many domestic producers (not just consumers) need.
Right now American job demand is running with almost 30% of job openings remaining open more than sixty days. That exceeds the deficits in filling jobs in most our major trade competitors. No wonder we export less. We have more of a critical blue collar skills and willingness to work deficit than we do an import surplus. We have millions of working age men and women either getting disability or unemployment or jut sitting on the sidelines, than nearly any time in history. Are they willing and capable of taking all these new jobs so many companies are recently saying they are going to create? Who can answer that?
https://www.statista.com/chart/7546/where-jobs-remain-unfilled-the-longest/
U.S domestic entities and citizens are now and have remained the largest combined holders of U.S. federal debt, no which foreign countries have come and gone on the list as the largest foreign holders. As foreign holders it has never been in their interest to make moves that would make those holdings worth less, so they really no not and have not jeopardized the U.S. treasury or its debt. Its an investment, a way of putting cash into dollars, so when needed they can easily sell them for dollars when their importers need to buy in dollars (like for oil).
I can't drive around town waving 3 dollars at every food market and demand they sell me a pound of ground beef. When nobody sells me any I can't then claim their is no ground beef available. What there is is no ground beef available for $3.00 a pound. If I offered $5.00/lb then I would get all the ground beef I wanted.
Automation has nothing to do with job loses due to offshoring. That meme is total BS. The two things are totally different.
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