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The many ways tarrifs will hit electronics

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Re: The many ways tarrifs will hit electronics

#111

Post by carlosjobim »

mindslight wrote: post #89
carlosjobim wrote: post #81

Earlier quoted context omitted.

You added nothing to the discussion. Your mental state is that you are a member of a mob who are out to squash anybody who thinks differently, and that gives you an illusion of having power. But in reality you don't know any of the people here, and the only power we have as commenters online is to exchange thoughts and ideas. As for the real world, there is a large variety of tariff policies around the world, and mos…

> As for the real world, there is a large variety of tariff policies around the world, and most countries implement much harsher tariffs than what Mr Trump is suggesting for America. There are many very good arguments for tariffs and against tariffs, let's talk about them instead? Sorry, no. This is a common Trumpist talking point that has validated the comment you're responding to. Every aspect of the US economy is…

[flagged]

Re: The many ways tarrifs will hit electronics

#112

Post by throw310822 »

Workaccount2 wrote: post #19
wing-_-nuts wrote: post #15

I've honestly never understood the point of the tariffs. 1. They're massively unpopular and likely to cause electoral losses in '26 and '28 which will immediately undo them 2. Consumers know the tariffs will likely cause a recession, and will likely be undone in 4y. Pretty much every major spending purchase that can be delayed, will. 3. Companies know 4y is not enough time to invest in new supply chains or new manufa…

Trump wants to get rid of income taxes for those earning under $150k. He most likely intends to pull out the financial pillar of income tax, and replace it with tariffs. He is likely waiting for the price crunch to blow up so he can step in an give everyone the "gift" of no income tax.

Well, just to play the devil's advocate a bit, this is definitely a crazy idea but it might have some logic to it:

1) taxing consumptions instead of income has the advantage of being much harder to evade. It puts an end to tricks like living off loans or even simply detracting expenses- you cannot detract anything if you're not taxed at all;

2) only taxing imported goods means that anything that benefits the local economy can be purchased tax-free; while imports from abroad become, say, twice as expensive as before. However, you also have a much higher disposable income and, at least at the beginning, no other option.

So the gist of it would be: we levy the same amount of money as before by taxing exclusively consumptions, and we exempt from taxation all domestically produced goods because it's still money reinvested in the economy.

Re: The many ways tarrifs will hit electronics

#113

Post by wing-_-nuts »

ivewonyoung wrote: post #103
wing-_-nuts wrote: post #61

Earlier quoted context omitted.

>Trump wants to get rid of income taxes for those earning under $150k. Getting rid of income tax will require legislation from congress. If we're in the midst of a tariff induced recession, what are the chances his party keeps congress in '26? Also, remember when the British government tried to pass a massive tax cut funded with debt? Remember how that went down? The chances of the US being able to get rid of income…

> Getting rid of income tax will require legislation from congress. If we're in the midst of a tariff induced recession, what are the chances his party keeps congress in '26? The optics of Democrats voting against a full tax cut for those earning less than $150K would be interesting to say the least.

I mean someone's gotta be the responsible adult in the room right? Every projection I've seen on tariffs doesn't put the revenue generated anywhere near enough to cover cutting income tax. You want to rework the tax system, be my guest, but pay for it, and don't tank the world economy in the process.

Re: The many ways tarrifs will hit electronics

#114

Post by carlosjobim »

542354234235 wrote: post #91
carlosjobim wrote: post #81

Earlier quoted context omitted.

You added nothing to the discussion. Your mental state is that you are a member of a mob who are out to squash anybody who thinks differently, and that gives you an illusion of having power. But in reality you don't know any of the people here, and the only power we have as commenters online is to exchange thoughts and ideas. As for the real world, there is a large variety of tariff policies around the world, and mos…

>There are many very good arguments for tariffs and against tariffs, let's talk about them instead? You haven’t talked about anything. You just keep “asking questions” as if the rhetorical questions are actually making a point, but when they are answered and show negative effects for the US, you just pivot to some other random question. That or you make sweeping, utterly simplistic statements like “neither the US nor…

[flagged]

Re: The many ways tarrifs will hit electronics

#115

Post by carlosjobim »

knowitnone wrote: post #106
carlosjobim wrote: post #22

Earlier quoted context omitted.

How many American houses are built in China? How much American rice is grown in China? How much American lumber is chopped in China? How much American electricity is produced in China?

Are you going to make a point or just ask questions?

The point is that not everything is imported. You can import oil but you can't import an oilfield. You can import food but you can't import the ground.

Re: The many ways tarrifs will hit electronics

#116

Post by tempestn »

throw310822 wrote: post #112
Workaccount2 wrote: post #19

Earlier quoted context omitted.

Trump wants to get rid of income taxes for those earning under $150k. He most likely intends to pull out the financial pillar of income tax, and replace it with tariffs. He is likely waiting for the price crunch to blow up so he can step in an give everyone the "gift" of no income tax.

Well, just to play the devil's advocate a bit, this is definitely a crazy idea but it might have some logic to it: 1) taxing consumptions instead of income has the advantage of being much harder to evade. It puts an end to tricks like living off loans or even simply detracting expenses- you cannot detract anything if you're not taxed at all; 2) only taxing imported goods means that anything that benefits the local ec…

The problem is that you massively distort the economy, making it less efficient aka poorer. And that's even before considering the fact that other countries will retaliate.

Re: The many ways tarrifs will hit electronics

#117

Post by TheOtherHobbes »

davidw wrote: post #27
wing-_-nuts wrote: post #15

I've honestly never understood the point of the tariffs. 1. They're massively unpopular and likely to cause electoral losses in '26 and '28 which will immediately undo them 2. Consumers know the tariffs will likely cause a recession, and will likely be undone in 4y. Pretty much every major spending purchase that can be delayed, will. 3. Companies know 4y is not enough time to invest in new supply chains or new manufa…

People keep acting like there is some plan or higher thought process. Sometimes, people are just morons. Look at how Bessent had to sneak in and try and get the tariffs paused: https://www.wsj.com/politics/policy/trump-tariff-pause-navar... There's no coordinated strategy there.

There's no coordinated strategy anywhere.

The people with real power voted him in to lower taxes, and in return he is nuking the economy, neutering the Pentagon, trashing public health, isolating the US from tourists and skilled immigrants, walking public education back at least a century, killing the next generation of R&D, murdering rational climate policy with a coal-powered chainsaw, and handing government software and data to enemy powers.

The entire machinery of governance - official and public, as well as off-the-record "do as I say and I'll fund your campaign" private - has folded like tissue paper.

The only pushback is from the judiciary, and their orders are as likely to be ignored as implemented. And parts of academia.

It's astonishing.

Re: The many ways tarrifs will hit electronics

#119

Post by tzs »

SoftTalker wrote: post #94
tzs wrote: post #76

Earlier quoted context omitted.

Or it would make it politically quite tenable to get rid of tariffs and greatly raise income taxes on people making over $150k.

They already do pay the vast majority of income taxes.

True, they pay around 75-80% of income taxes.

I suppose the good news for them then is that if tariffs fail to replace the 20-25% of income tax that would be lost by eliminating income tax on people making under $150k and it has to come from raising taxes on the folks making over $150k it would only be a 25-33% tax increase on them.

Re: The many ways tarrifs will hit electronics

#120

Post by rsynnott »

sorcerer-mar wrote: post #108
rsynnott wrote: post #97

Earlier quoted context omitted.

Trump's been obsessed with them since the 80s. That seems to, er, be... about all the rationalisation that is required. No-one thinks this is a good idea; he managed to dig up the world's weirdest economist to give his blessing, and that's about it.

The world’s weirdest economist who then made up an even weirder economist to bolster his case. https://www.nytimes.com/2019/10/16/us/politics/peter-navarro...

Bigly smart, everyone's saying it: https://en.wikipedia.org/wiki/Pseudonyms_used_by_Donald_Trum...
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