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The many ways tarrifs will hit electronics

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Re: The many ways tarrifs will hit electronics

#61

Post by wing-_-nuts »

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.

>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 tax in the next 4 years is basically zero.

Re: The many ways tarrifs will hit electronics

#62

Post by grunder_advice »

ty6853 wrote: post #52
andsoitis wrote: post #25

Earlier quoted context omitted.

Income taxes are progressive while tariffs are regressive, so those under $150k are likely to be worse off.

On first glance that's the case, in practice they clamp down hardest on middle and professional classes. The rich borrow against gains or pay long term capital gains, or just "re-invest" (no profit) into durable assets for their business that hold value longer than they'll be alive. The scam of income tax is that it's progressive on paper but not in practice.

You are not wrong, but that situation won't change if you moved to another taxation scheme. The poor are too poor to have much to take from them. So they go after those who are a rung or two above to tax. The dynamic does not change irrespective of taxation system.

Re: The many ways tarrifs will hit electronics

#63

Post by polski-g »

999900000999 wrote: post #30
spencerflem wrote: post #2

I was trying to buy a laptop yesterday and the ones reviewed three months ago as "best laptop under $1000" are all $1500

I brought all my toys the moment these policies were announced. Case in point. I don't *need* a new Surface , but I saw one for like 500$ off. I don't imagine being able to find one at a reasonable price during the next few years. Really China is still playing softball here. They could just ban exports to the US tomorrow and we'll be the ones cut off from any moderately advanced technology.

I'm in the market for a new laptop, a new TV, a new car, and a bunch of plywood and tools. I will be buying nothing until the tariffs are gone. No point in paying 10-250% tariffs when I can just wait Trump out.

Re: The many ways tarrifs will hit electronics

#64

Post by bloomingeek »

llm_nerd wrote: post #43
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.

>Trump wants to get rid of income taxes for those earning under $150k. Trump has openly talked about his plan to replace income tax with tariffs for years. Not just for "earnings under $150k" -- that was some post-facto inventions by Howard "Used Car Salesman" Lutnick on some news program appearance after tariffs were proving spectacularly unpopular -- but Trump has constantly ruminated on the grand old days of the 1…

You stumped most everyone when you used the word "reality". (Which is correct.) Most are so scared of where the country is heading, reality is pretty foggy. "Criminality", now there's a timely word we can all understand, except the big orange dummy has manipulated the supreme court so much we're not sure if we can trust it to maintain the rule of law. (After all, the tariffs seem to be a tool to crash the stock market, buy low/sell high, no?) Shamefully, it doesn't take much to completely fool the boomers (My generation, the stupidest of all time.) by making enemies of almost anything or anyone.

Re: The many ways tarrifs will hit electronics

#65

Post by alabastervlog »

wing-_-nuts wrote: post #61
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.

>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?

Their chances will maybe be higher, if they cut income taxes.

All it'll cost is moving our already-nigh-inevitable debt crisis a few decades closer to today.

> Also, remember when the British government tried to pass a massive tax cut funded with debt?

Both Republican administrations this millennium have done exactly that. I see no reason to expect they won't do it again.

Re: The many ways tarrifs will hit electronics

#66

Post by bloomingeek »

diego_moita wrote: post #47
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…

> I've honestly never understood the point of the tariffs. They are being implemented by people that think that "evolution is just a theory", "global warming is a hoax", "vaccines cause autism and are dangerous", etc. Free trade is a core belief of Economics as a science, from Adam Smith's "Wealth of Nations" until the Nobel Prize of Economics in 2024. And discarding inconvenient science is a standard among Republica…

I think you're only half right. Most people are woefully undereducated or unwilling to gain knowledge for the sake of understanding things in the modern world. A fatal flaw, because then they rely on smart sounding people, dressed in nice clothing, to tell them how to think.

> I've honestly never understood the point of the tariffs.> At the risk of sounding rude, why the hell don't you understand the point of tariffs?!? Look up as many source as you can on the internet and learn something! You could also read some books.

Re: The many ways tarrifs will hit electronics

#67

Post by bloomingeek »

carlosjobim wrote: post #22
mindslight wrote: post #8

Let's just call it what it is - a national sales tax. The only way significant bottom-up manufacturing ecosystems would come back to the US would be through targeted government investment, long term stability, and effective anti-trust enforcement - all things beyond the current administration. If three decades of economic neoliberalism was a steamroller crushing our industrial base, the Trumpist solution is to just t…

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?

Maybe your MAGA hat's brim is pulled down too low? There's a real, beautiful world out there if you're willing to see it. Knowledge is a good first step to beauty!

Re: The many ways tarrifs will hit electronics

#68

Post by alabastervlog »

llm_nerd wrote: post #43
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.

>Trump wants to get rid of income taxes for those earning under $150k. Trump has openly talked about his plan to replace income tax with tariffs for years. Not just for "earnings under $150k" -- that was some post-facto inventions by Howard "Used Car Salesman" Lutnick on some news program appearance after tariffs were proving spectacularly unpopular -- but Trump has constantly ruminated on the grand old days of the 1…

We're well on track to move the debt crisis we were already all-but guaranteed to see in a few decades, to... this decade.

Re: The many ways tarrifs will hit electronics

#69

Post by ChoGGi »

ajmurmann wrote: post #50
amelius wrote: post #31

Earlier quoted context omitted.

Sounds like a win for the climate, as a nice side effect.

Except that solar deployment in the US will be massively impacted by this. And that at a time where we are supposed to bring back energy-hungry manufacturing and in theory would need to expand the electrical grid.

Good thing there's lots of coal-fired power plants that Trump just exempted from stronger emissions controls.

Re: The many ways tarrifs will hit electronics

#70

Post by debug-desperado »

ty6853 wrote: post #52
andsoitis wrote: post #25

Earlier quoted context omitted.

Income taxes are progressive while tariffs are regressive, so those under $150k are likely to be worse off.

On first glance that's the case, in practice they clamp down hardest on middle and professional classes. The rich borrow against gains or pay long term capital gains, or just "re-invest" (no profit) into durable assets for their business that hold value longer than they'll be alive. The scam of income tax is that it's progressive on paper but not in practice.

"The scam of income tax is that it's progressive on paper but not in practice."

Perfectly put. It's always bothered me that the tax brackets don't continue on in a logarithmic fashion, e.g. new brackets at 1.5 million, 15 million, 150 million, etc.

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