Posted on 06/11/2018 11:38:09 AM PDT by Thalean
The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos).
In fact, if a country includes democratic in its name, you can safely assume that it’s not democratic. This is a classic example of, what I like to call, the wisdom of irony: things are often not what they claim to be, and the more they claim, the less they are.
Consider Reason Magazine. In a recent piece, columnist A. Barton Hinkle argues that tariffs are sanctions, since both limit imports into nations. Basically, Hinkle’s argument rests on the classic logical principle: “if it looks like a duck, it’s a duck.” Unfortunately, Hinkle’s conclusion is fundamentally unreasonable. As always, the Devil’s in the details—details which he conveniently ignores.
(Excerpt) Read more at amgreatness.com ...
If an organization calls itself “United”, assume it isn’t. There is a splinter somewhere.
Tariffs are taxes. They make the price of goods go up. The producers and importers don’t pay the tax; we do.
“Tariffs are taxes. They make the price of goods go up. The producers and importers don’t pay the tax; we do.”
let me rephrase that for you:
Lack of tariffs are taxes. They make the price paid to Americans go down. The importers pay less, cheating Americans out of their jobs.
If you want cheap foreign goods, then move the Hell out of the United States and live where you buy your crap.
The producers and importers don’t pay the tax; we do.
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Only if we buy their junk instead of buying American thereby building our own economic strength versus giving the foreigners our dollars to lord it over us and drive us out of business.
Except the pattern of history is tha tin the long run it never works that way.
No, lack of tariffs are non-taxes. When you tax something, you get less of it — largely because you make the cost of producing, distributing, and buying it do down.
Did reducing taxes on American workers last year make pay go up or down? Would raising them, as Democrats want to do, make pay go up or down? It’s the same with tariffs.
And when the tariffs raise the cost of things, the people who support them most loudly will be the first ones to complain.
“Tool” is right. My wife is unfortunately aligned against Trump and keeps me well-informed on whatever gets her goat on any particular day.
One evening she started berating Trump for the effects of tariffs and I responded that it was just a negotiating strategy. A “tool”.
Fortunately we don’t have a couch, as she was well-versed that evening in liberal logic on tariffs et al and I didn’t feel like sleeping on the porch or having to hide my weapons...
“When you tax something, you get less of it”
Exactly. We want less circumventing American economy just because some cheap bastards hate their country and don’t want to pay the same price they expect others to pay for their products or services. Cheaters. We want less cheaters.
Sorry, but I disagree. Unfortunately far too many people purchase what they have been “sold.” They don’t think it through and buy what they really want.
I’d rather have a screwdriver made in America that will last me a lifetime, than a cheaper screwdriver from China that I’ll throw away in less than a year.
Protectionist, (Patriots) understand that a tariff will increase prices initially. We get it. WE WANT THAT.
It's a one time inflation due to higher labor costs in the USA. Again, we understand the economics at play. We are not stupid. But the payoff from higher import tariffs comes in lowered social costs and higher quality products. We are willing to pay more for a strong viable industrial base. I WANT TO PAY MORE.
Tariffs also reduce the budget deficit.
What Free Traitors™ want you to believe is that the supply function is static and no new domestic suppliers will EVER come on line. Despite their best efforts brand new factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
The 30 year globalist experiment in "Free Trade" is an abject failure. Why? because the rest of the of world didn't play along and used the USA like a cheap whore.
Fortunately globalism and your melodious economic religion are dying. And soon will be relegated to the dustbin of history.
I have a dehumidifier from my Mom's home that is 50 years old and still running! I bought a new one "assembled in Taiwan with parts from China" written on the box. It lasted 3 years.
"Oh boy that's made in China I'll bet is it built really well!" Said no one ever.
melodious = maliferous. Auto correct is maliferous.
It’s not the short-term effect that is damaging, it’s teh long-term effect.
https://www.history.com/news/trade-war-great-depression-trump-smoot-hawley
https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/
https://www.daveramsey.com/blog/what-are-tariffs
https://www.washingtontimes.com/news/2017/jan/5/the-problem-with-tariffs/
http://www.businessinsider.com/trump-trade-war-tariffs-study-on-economic-impact-lost-jobs-2018-4
https://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
Agreed! Mom had a big refrigerator that was still running over fifty years later. Things were built to last. Today they do not outlast the warrenty but by a few days...
“”Oh boy that’s made in China I’ll bet is it built really well!” Said no one ever.”
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Except those who have been to see The Great Wall. :-)
.
That is the typical over-simplification.
Check with the real Republican Party - before the Neocon (Trotskyist globalist) usurpation: Tariffs were a consistent plank in the platform.
Anyway, Trump does the deal, and uses it as a bargaining chip.
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
Study after study has shown that tariffs cause reduced economic growth to the country imposing them. A few of examples:
The essay on Free Trade at The Concise Encyclopedia of Economics looks at the issue of international trade policy. In the essay, Alan Blinder states that “one study estimated that in 1984 U.S. consumers paid $42,000 annually for each textile job that was preserved by import quotas, a sum that greatly exceeded the average earnings of a textile worker. That same study estimated that restricting foreign imports cost $105,000 annually for each automobile worker’s job that was saved, $420,000 for each job in TV manufacturing, and $750,000 for every job saved in the steel industry.”
In the year 2000 President Bush raised tariffs on imported steel goods between 8 and 30 percent. The Mackinac Center for Public Policy cites a study which indicates that the tariff will reduce U.S. national income by between 0.5 to 1.4 billion dollars. The study estimates that less than 10,000 jobs in the steel industry will be saved by the measure at a cost of over $400,000 per job saved. For every job saved by this measure, 8 will be lost.
The cost of protecting these jobs is not unique to the steel industry or to the United States. The National Center For Policy Analysis estimates that in 1994 tariffs cost the U.S. economy 32.3 billion dollars or $170,000 for every job saved. Tariffs in Europe cost European consumers $70,000 per job saved while Japanese consumers lost $600,000 per job saved through Japanese tariffs.
These studies, like many others, indicate that tariffs do more harm than good.
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