Posted on 03/02/2018 5:45:21 PM PST by jfd1776
I agree with you on “targeted” tariffs.
I also agree with you on your last sentence.
The “key” is fair application and a generous amount of honesty in their application. Namely, is China screwing our industry X or are we really, really caving to lobbyists for that industry?
I don’t agree with your understanding of the VAT at all.
That's odd, considering you are restating what I said.
The VAT is like a sales tax. The consumer pays the full tax.
Of course. The tax is added to the product cost during production and emerges as part of the retail price. I said as much.
The producers pay their incremental portion along the production line but recoup their added contribution as it passes on down the line. Hence the consumer eventually pays it.
This is also as I described it.
The value added tax countries don’t have income taxes. They have the VAT. VAT countries levy the VAT on domestic and foreign goods equally.
How does that work? If, say, the VAT on German car comes to a thousand dollars, do they apply that to an imported car?
The United workers and companies pay income taxes on goods they make before they are sold domestically or overseas.
Unions pay income taxes on their wages, not on the goods they produce. And American companies do not pay taxes on the goods before they are sold. They pay taxes on the net profit of the company at the end of their fiscal period.
When we buy a product from a VAT country it is sold to us without the VAT added on to the cost.
If the VAT is integrated into the price, I don't see how it can be backed out for foreign sale.
When we sell our goods to a VAT country, they add on their VAT. In effect they are levying tariffs on us.
If VAT is levied on imports, it looks like a tariff to me, too. If they are.
I'm sure there are a myriad of reasons for that. Tariffs affect our economy by being, in effect, a consumption tax in addition to all the other taxes we pay. And no nation ever taxed itself into prosperity.If tariffs are so debilitating to the economy, explain how China has roared to the front of the line in world manufacturing?
You say: “This is an example of a problem that would have been (in 2016) better solved by addressing the energy costs than by a protective tariff.”
But it wasn’t. I posted this to show the hipocracy of the EU. When their industry is hit hard, a tariff is fine; when American industry is hit hard, a tariff is opposed.
Seems like the guy’s meme is, “Just because it can be good for America and Americans, doesn’t mean we should do it.....”
Not really.. the vat tax that is collected along the process is a bookkeeping game where the intermediary shifts the tax to the next in line and finally is paid as a sales tax by the consumer. Yes, the foreign governments apply the vat to foreign and domestic goods. In the United States we pay our taxes on goods as income before they are sold. Our exported goods are taxed by us and the vat markets. In effect we are competing unfairly by being taxed twice. The only way to compete is to reduce our wages or profits.
“The value added tax countries don’t have income taxes. They have the VAT. VAT countries levy the VAT on domestic and foreign goods equally.”
That’s nonsense. VAT countries do have income taxes. And they then apply VAT to all goods and services sold. There is no double taxation on US goods, on the contrary, US goods are in general cheaper than those from the EU (because of lower income taxes in the US), but import duties and transportation costs make them uncompetitive.
Seems like “conservatives” and liberals are in lock step to crush the USA’s middle class. Trump ripped off the facade.
Free Trade didn’t prevent Germany from invading the USSR in 1941. The USSR was Germany’s no.1 trading partner in 1941.
That’s all free traitors do is lie and use bully tactics.
We have free trade, which is Constitutionally protected, inside the USA. Why isn’t that enough? BTW, I will put my economic prowess up against yours any day.
Free Trader globalist are confined to the USA. The rest of the world trades under protectionism and laughs at the USA.
Hey doofus there is no connection between Keynesian economics, and protectionism. The two things are not related in the slightest way. I am not even sure you understand what Keynesian economics really is. You are dumb, really mis informed.
Up until 1913 that was the only way for the Feds to generate income so it is safe to say they worked.
Ok, you are a traitor. Just admit that and we can kick you out of the Republican Party.
Idiots think the supply of steel is static. What a bunch of imbeciles. The supply of steel is dynamic. After the tariff the US prices will make more steel, lots more steel. This will push prices back down to new pre tariff levels.
Umm, the whole point of a tariff is to increase the price of an import so that the higher-priced US good will be purchased instead. The buyer still is forced to pay the higher (US) price... and pass the increase on to the consumer.
Really?
So, if I don't admit that then you can't kick me out?
This is awesome.
Is admission to traitorous positions a prerequisite to expulsion or do we have to check with you first?
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