Earlier quoted context omitted.
> I see an argument for tax cuts everywhere. Taxes are literally brakes on financial transactions. The number 1 way to slow down your economy is to tax every transaction possible as highly as possible. It is an interesting thought experiment to eliminate income and sales taxes, and try to only finance the government via tariffs. Then you don't actually see an argument for tax cuts everywhere. What you want is a tax t…
My preferred way would also to be to eliminate expenditures, but failing that, redirecting taxes in a way that grows the US internal economy as much as possible, and incentives the re-industrialization simultaneously, is an interesting experiment.
Temporary suspension of acceptance of mail to the United States
111–120 of 459 posts
Re: Temporary suspension of acceptance of mail to the United States
#112This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy. These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.
I think it's quite the opposite. Tariffs are flat taxes on corporations AND can't be avoided with the tax shenanigans all big corporations use and many small ones can't. Implementation and motivation details aside I'm in favor of small tariffs for all but the most equal trade partners. Corporate taxes have the problem of small business paying much more proportionally than large ones and a flat tax on businesses that…
And applying tariffs to tools and raw materials when you're supposed to be trying to bring manufacturing back to your country is... well, let's just say any government stupid enough to do that isn't likely to improve things in any other respect.
Re: Temporary suspension of acceptance of mail to the United States
#113Title is not accurate. They're allowing personal shipments under $100, and the rest can be shipped via their UGX service. It sounds like JP doesn't want to deal with the customs paperwork at scale (edit: also the deposits).
I couldn't find a way to fit all that in the title, so I got 99% there and clarified in the first post. The title still has more resolution toward the full detail than the original title.
I'd suggest something like: "Japan Post stops accepting US shipments over $100."
Re: Temporary suspension of acceptance of mail to the United States
#114Earlier quoted context omitted.
That's not within his power to do.
Neither is ending birthright citizenship, dismantling USAID, closing the department of education, firing the heads of the National Labor Relations Board and Merit Systems Protection Board (independent federal agencies) without cause, impounding funds appropriated by Congress, etc. Nevertheless, Trump has started process for all of those, and has been successful at many due to the slowness of the courts.
Re: Temporary suspension of acceptance of mail to the United States
#115Earlier quoted context omitted.
I think it's quite the opposite. Tariffs are flat taxes on corporations AND can't be avoided with the tax shenanigans all big corporations use and many small ones can't. Implementation and motivation details aside I'm in favor of small tariffs for all but the most equal trade partners. Corporate taxes have the problem of small business paying much more proportionally than large ones and a flat tax on businesses that…
In the long run, tariffs basically all fall on the consumer because producer and distributor behavior is near infinitely elastic. Econ 101 predicts that the party who is less able to adjust behavior in reaction to the tax pays most of the tax. In the short run, this isn't true: firms have goods they need to move.
Re: Temporary suspension of acceptance of mail to the United States
#116This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy. These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.
Re: Temporary suspension of acceptance of mail to the United States
#117This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy. These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.
I think it's quite the opposite. Tariffs are flat taxes on corporations AND can't be avoided with the tax shenanigans all big corporations use and many small ones can't. Implementation and motivation details aside I'm in favor of small tariffs for all but the most equal trade partners. Corporate taxes have the problem of small business paying much more proportionally than large ones and a flat tax on businesses that…
The OP said tariffs are not progressive taxes. You are agreeing with them while believing you are disagreeing.
Further tariffs are not specific to corporations. Individuals pay them. Small business pay them. Large businesses pay them.
Re: Temporary suspension of acceptance of mail to the United States
#118Earlier quoted context omitted.
I think it's quite the opposite. Tariffs are flat taxes on corporations AND can't be avoided with the tax shenanigans all big corporations use and many small ones can't. Implementation and motivation details aside I'm in favor of small tariffs for all but the most equal trade partners. Corporate taxes have the problem of small business paying much more proportionally than large ones and a flat tax on businesses that…
In the long run, tariffs basically all fall on the consumer because producer and distributor behavior is near infinitely elastic. Econ 101 predicts that the party who is less able to adjust behavior in reaction to the tax pays most of the tax. In the short run, this isn't true: firms have goods they need to move.
Re: Temporary suspension of acceptance of mail to the United States
#119Earlier quoted context omitted.
De minimis allows people to evade tariffs by simply drop shipping each individual product all the way from China or wherever, so long as the retail price is below the threshold. I’m skeptical of tariffs in general but if you’re going to have them, it makes sense to close the loopholes.
So execute it for China alone. The issue is that these blanket actions are lazy at best and exclusively populist.
Re: Temporary suspension of acceptance of mail to the United States
#120This situation feels dumb. I feel like I am watching idiots cheer on someone doing parkor and that person getting his teeth smashed on a wall. Like, what is the point?
Tariffs are happening because it's an idea he came up with 40 years ago when he was in his prime and it stuck to him.
And no one is doing anything to stop the tariffs, despite everyone knowing better, because the people in power can't tell him "no", because that would hurt his ego. You see what he does to people who hurt his ego? They get mocked on social media, deported to a foreign gulag, they and/or their spouse gets fired, their company gets investigated or loses grants, or their house gets raided by the FBI.
So everyone has to go along with it no matter how dumb it is.