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Tariffs on China set to rise to 104% on Wednesday

cnn.com

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Re: Tariffs on China set to rise to 104% on Wednesday

#21
post #18

Earlier quoted context omitted.

The House Republicans will just blame Biden in the run up to election in 2026, and I'm sure their idiot sycophants will eat it out of the palms of their hands.

I understand and to a large degree agree with what you are saying, but those "idiot sycophants" don't have a bottomless wallet and the resulting inflation is going to hit them hard. My father-in-law had a saying "I may be dumb, but I ain't plumb dumb" that I think applies here: I suspect the majority of these folks aren't plumb dumb.

The ones ignorant enough to vote for Trump again are also ignorant enough to blame Biden for another two years.

In four years, if inflation and tariffs make the cost of living higher, then I think that Republican candidates will have problems, but in the midterm I think they can spin enough bullshit to keep the easily-distracted still voting for them. They just have to say "woke trigger the libs China beautiful clean coal Biden bad men in women's sports" and it's over.

Re: Tariffs on China set to rise to 104% on Wednesday

#22

Truly insane that the GOP is attacking US taxpayers like this. China is only able to be harmed by how much pain is inflicted through a domestic tax hike. When the dust settles on this, the executive branch needs to be nerfed to the point that it's mostly a figurehead. Certainly the unchecked tax hike via tariffs power needs to be ripped out immediately, before (any further) permanent damage can be inflicted on the co…

This has the makings of the largest tax hike on Americans in history.

Re: Tariffs on China set to rise to 104% on Wednesday

#23

Truly insane that the GOP is attacking US taxpayers like this. China is only able to be harmed by how much pain is inflicted through a domestic tax hike. When the dust settles on this, the executive branch needs to be nerfed to the point that it's mostly a figurehead. Certainly the unchecked tax hike via tariffs power needs to be ripped out immediately, before (any further) permanent damage can be inflicted on the co…

This has the makings of the largest tax hike on Americans in history.

The largest and the most regressive tax since it impacts mostly the lower economic class that's already struggling with the cost of living.

Re: Tariffs on China set to rise to 104% on Wednesday

#24
post #23

Earlier quoted context omitted.

This has the makings of the largest tax hike on Americans in history.

The largest and the most regressive tax since it impacts mostly the lower economic class that's already struggling with the cost of living.

Yep, this is more or less a VAT in disguise

Re: Tariffs on China set to rise to 104% on Wednesday

#25

Truly insane that the GOP is attacking US taxpayers like this. China is only able to be harmed by how much pain is inflicted through a domestic tax hike. When the dust settles on this, the executive branch needs to be nerfed to the point that it's mostly a figurehead. Certainly the unchecked tax hike via tariffs power needs to be ripped out immediately, before (any further) permanent damage can be inflicted on the co…

I like the idea of converting the executive branch to be just the cabinet and not the president or vice president.

National elections for a few of the most significant ones (e.g. secretary of state, attorney general). Maybe Congress appoints the rest.

When designing a system to be resistant to attack, it helps to split up roles. A "superadmin" type of role is a vulnerability. Similar idea here.

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