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placeholder

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Everything posted by placeholder

  1. Jaywalking is generally a crime too. The likelihood that some undocumented aliens are crossing streets while the light is green should terrify us all.
  2. You mean a coward like Donald Trump?
  3. So better to directly tax the poor? Or the middle class? Or maybe the corporation will just have to make do with less profit. I guess they run around naked too so they don''t need clothing or footware. Or any kind of appliance to prepare their food. Tariffs Hit Poor Americans Hardest https://www.piie.com/blogs/trade-and-investment-policy-watch/2014/tariffs-hit-poor-americans-hardest
  4. Thank you time traveler from the future. Can you fill me in on who's going to win 2025's major sporting events and by how much? I could use the cash.
  5. Like sales taxes, tariffs are a consumption tax. The lower one's income the greater the burden of consumption taxes since lower earners need to spend a greater percentage of their income just to survive. Tariffs will also cause a bump in inflation. That's bad enough, but it also means the American businesses, because they are protected, won't need to try to compete as much. This is what happened to the American auto industry. Pickup trucks were protected by a 25% tax , so auto companies concentrated their investment there and allocated less resources to trying to compete on autos. Tariffs may work in the short run to protect a promising infant industry, but the kind of massive tariffs Trump seems to be proposing will ultimate damage the American economy.
  6. Given that most tariffs are very genuine reciprocity would make very little difference. So sure, go ahead and impose them. Now how about you? Do you think it's OK for Trump to impose punitive tariffs that far ouweigh the tariffs being charged by the targeted country.
  7. Is this your idea of reciprocal? US President Donald Trump said yesterday that his forthcoming tariffs on EU goods will be "reciprocal," but raised more questions by pointing to EU charges that aren't tariffs. "Whatever they charge us, we're going to charge them," Trump said at a press conference in Washington yesterday. But the EU charges Trump called "tariffs" were value-added tax (VAT), which also applies to European goods, and fines levied against Apple. Trump was responding to a question about remarks he made on Wednesday, when he said "the European Union was formed to screw the United States" and signalled his intention to announce a 25% tariff on European goods, particularly cars. https://www.euractiv.com/section/politics/news/trumps-reciprocal-tariffs-on-eu-goods-raise-more-questions/
  8. Did you stop to think that maybe the reason that many of them are expats is that they can't afford to live in the United States?
  9. Do you understand that tariffs between the US and Canada are very low? In fact for a huge variety of stuff they're non-existent. What kind of lunacy is it that imposes taxes on automobiles whose parts can cross the border several times while they are being built. And what does a 25% tax on steel and aluminum have to do with reciprocity?
  10. I think it's your understanding of reciprocal that's in question. We know the dairy issue is fake since American dairy farmers have yet to ever reach their quotas for any of the dairy products in question. Is it about the balance of trade? If you take away oil and gas exports United States actually has a positive balance of trade with Canada. And as you may recall, Trump pushed very hard for the Keystone 2 pipeline and he was not happy with Biden when he canceled it. In fact virtually all the right-wing posters in aseannow.com found fault with Biden for canceling it.
  11. If the great evil is the debt, then why support an approach so unlikely to succeed? A good way to start would be to eliminate all the Trump tax cuts. They had very little effect on the economy. . Better yet, go back and undo the Bush tax cuts. Under Bill Clinton's budgets, there was actually a surplus instead of a deficit fot 2 years running. Then came the Bush tax cuts...
  12. Turn off levels are in fact very low apart from a very few small economically insignificant nations. Nothing like the tariffs at Trump is planning to impose. If the great evil you're referring to is the debt. And why not pray that Trump's tax cut?
  13. And maybe I'll toss a coin10 times in a row and maybe each time it will come up heads. It isn't like speak Tower regime haven't been tried before. And they have failed. Trump is fond of mentioning McKinley. What he doesn't mention is that the tariffs imposed by McKinley actually led to high inflation. Since you've mentioned magic, maybe what we should try is the Tinkerbell gambit. If we all clap our hands for tariffs, somehow they will work.
  14. As far as aluminum goes it's not an all clear that it will come from elsewhere. Canada enjoys huge reserves of cheap hydropower I looked into it not long ago and it's half the price of the lowest price electricity in the United States. And it takes huge amounts of electricity to make aluminum. So there's a good chance America will be getting the same aluminum just paying more for it.
  15. I know about those schools and if anything they would be less likely to think that tariffs would work than would Keynsians.
  16. We've been hearing these predictions since, well probably since 1913. Give it a rest. If the dollar does lose its preserved status, it will be because the United States can no longer be trusted to honor its commitments thanks to a guy who's made a career out of breaking contracts and avoiding paying his debts.
  17. If Elon Musk is so sincere in his attempts to save the system. Why is he making it impossible to check on the truth of his claims? And why do you believe he's trying to save the system? He's made no secret of anger at the system that doesn't let him do whatever he wants. And where is the actual evidence of this massive fraud waste and abuse? His claims have been repeatedly and massively debunked. Why are you so gullible?
  18. I noticed that you use the word magic about Trump's tax cuts. Since the situation is so grave why do you support taking a huge chance on tariffs when overwhelmingly economists Believe it's only going to make the problem worse not better what we got all better hope is that the tax cuts are allowed to die and no new ones instituted. Better yet, also undo the tax cuts that favored the wealthy and aren't due to expire.
  19. Even if the social security trust fund ran out would be able to pay I believe 91% of benefits. There was a poll done recently and overwhelmingly even Republicans would be willing to increase their social security tax payments to secure the solvency of the system.
  20. Better not. Donald Trump says that make you a terrorist and liable to be dumped in a Salvadoran jail. And that's because every Tesla lost is it chink in the armor that defends America against well pretty much you name it. So if you want to go out King automobiles, make it a Japanese one. Trump will probably give you a medal.
  21. Oh irony. Now I get it.
  22. I would offer you a link to an authoritative source but we know how that ends up. And I don't feel like spending my time dumbing down some information so you can understand it.
  23. You clearly haven't a clue why there is such a thing as a reserve currency.
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