Just in case you think tariffs are good

[Skeezix LaRocca]

Not the greatest news.

https://www.bbc.com/news/articles/c20myx1erl6o

[badgolferman]

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

It’s like a sales tax or VAT tax in Europe. Now abolish or reduce income
tax and we will be even.

[Charlie M. 1958]

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

[badgolferman]

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

The ‘giant sucking sound’ of NAFTA: Ross Perot was ridiculed as alarmist in
1992 but his warning turned out to be prescient

https://theconversation.com/the-giant-sucking-sound-of-nafta-ross-perot-was-ridiculed-as-alarmist-in-1992-but-his-warning-turned-out-to-be-prescient-120258

[Skeezix LaRocca]

Post by badgolferman

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

The ‘giant sucking sound’ of NAFTA: Ross Perot was ridiculed as alarmist in
1992 but his warning turned out to be prescient
https://theconversation.com/the-giant-sucking-sound-of-nafta-ross-perot-was-ridiculed-as-alarmist-in-1992-but-his-warning-turned-out-to-be-prescient-120258

Ross nailed it. That is for sure. There was money a plenty to be made
for the NAFTA deal..Anytime you have both Republicans and Democrats on
board with something financial, you can bet they raked in the $$$

[badgolferman]

Post by Skeezix LaRocca

Post by badgolferman

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

The ‘giant sucking sound’ of NAFTA: Ross Perot was ridiculed as alarmist in
1992 but his warning turned out to be prescient
https://theconversation.com/the-giant-sucking-sound-of-nafta-ross-perot-was-ridiculed-as-alarmist-in-1992-but-his-warning-turned-out-to-be-prescient-120258

Ross nailed it. That is for sure. There was money a plenty to be made
for the NAFTA deal..Anytime you have both Republicans and Democrats on
board with something financial, you can bet they raked in the $$$

My stepfather feels personally responsible for Clinton becoming president
since he voted for Perot.

[Socrates]

Post by badgolferman

Post by Skeezix LaRocca

Post by badgolferman

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

The ‘giant sucking sound’ of NAFTA: Ross Perot was ridiculed as alarmist in
1992 but his warning turned out to be prescient
https://theconversation.com/the-giant-sucking-sound-of-nafta-ross-perot-was-ridiculed-as-alarmist-in-1992-but-his-warning-turned-out-to-be-prescient-120258

Ross nailed it. That is for sure. There was money a plenty to be made
for the NAFTA deal..Anytime you have both Republicans and Democrats on
board with something financial, you can bet they raked in the $$$

My stepfather feels personally responsible for Clinton becoming president
since he voted for Perot.

Is he on medication?

[Sharx335]

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

Tariff wars were one of the chief causes of the Great Depression.

[Pluted Pup]

Post by Sharx335

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

Tariff wars were one of the chief causes of the Great Depression.

Be more specific: it is the Free Trade Lobby who says that
tariffs were one of the chief causes of the Great Depression.

Since everyone who criticizes free trade is attacked, you
can say without exaggeration that All Reputable People
Support Free Trade.

[Sharx335]

Post by Pluted Pup

Post by Sharx335

Post by Charlie M. 1958

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

One could argue (as Trump's advisors would) that tariffs will eventually
result in fewer imports and more domestic production, which would be a
good thing. But there is no doubt that consumers will foot the bill in
the short term.

Tariff wars were one of the chief causes of the Great Depression.

Be more specific: it is the Free Trade Lobby who says that
tariffs were one of the chief causes of the Great Depression.
Since everyone who criticizes free trade is attacked, you
can say without exaggeration that All Reputable People
Support Free Trade.

Some, not all. and vice versa.

[Pluted Pup]

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

Grammar errors: you missed the word "the" in the
title as in:

"Just in case you think the tariffs are good"

to indicate you are talking about certain
instances of tariffs and not the tariff concept
itself.

I deny that the subject of tariffs is a Trump-specific
issue, but the mass media has systematically dumbed
down the issue.

[Skeezix LaRocca]

Post by Pluted Pup

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

Grammar errors: you missed the word "the" in the
"Just in case you think the tariffs are good"
to indicate you are talking about certain
instances of tariffs and not the tariff concept
itself.
I deny that the subject of tariffs is a Trump-specific
issue, but the mass media has systematically dumbed
down the issue.

Thank you, *professor* .

[banjo Jon]

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

How do tariffs work?

In practical terms, a tariff is a domestic tax levied on goods as they
enter the country, proportional to the value of the import.

So a car imported to the US with a value of $50,000 (£38,000) subject to
a 25% tariff, would face a $12,500 charge.

The charge is physically paid by the domestic company that imports the
goods, not the foreign company that exports them.

Correction:

The charge is physically paid by the foreign company that exports the
goods, not by the domestic company that imports them.

-------

How do tariffs work?

A tariff is a domestic tax imposed on goods as they enter a country,
based on the value of the imports.

For example, a car imported to the US valued at $50,000 (£38,000) and
subject to a 25% tariff would incur a $12,500 charge.

The domestic company that imports the goods physically pays this charge,
not the foreign company that exports them.

Correction:

The charge is actually paid by the foreign company that exports the
goods, not the domestic company that imports them.

[Sharx335]

Post by banjo Jon

Post by Skeezix LaRocca
Not the greatest news.
https://www.bbc.com/news/articles/c20myx1erl6o

How do tariffs work?
In practical terms, a tariff is a domestic tax levied on goods as they
enter the country, proportional to the value of the import.
So a car imported to the US with a value of $50,000 (£38,000) subject to
a 25% tariff, would face a $12,500 charge.
The charge is physically paid by the domestic company that imports the
goods, not the foreign company that exports them.
The charge is physically paid by the foreign company that exports the
goods, not by the domestic company that imports them.
-------
How do tariffs work?
A tariff is a domestic tax imposed on goods as they enter a country,
based on the value of the imports.
For example, a car imported to the US valued at $50,000 (£38,000) and
subject to a 25% tariff would incur a $12,500 charge.
The domestic company that imports the goods physically pays this charge,
not the foreign company that exports them.
The charge is actually paid by the foreign company that exports the
goods, not the domestic company that imports them.

And that charge is then passed down the line to the eventual purchaser
of the vehicle. Surely, no one is naive enough to believe that the
dealer is going to eat that charge or ANYONE else along the distribution
path.

[badgolferman]

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

[Sharx335]

Post by badgolferman

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

I note that I.F. Stone quote, "EVERY GOVERNMENT...". EVERY EVERY EVERY
last one, including the present govts. throughout the world.

[Pluted Pup]

Post by badgolferman

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

Democrats in California tell us that minimum wages must be set
significantly higher for fast food labor than any other labor. That is
our state minimum wage law.

[Socrates]

Post by Pluted Pup

Post by badgolferman

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

Democrats in California tell us that minimum wages must be set
significantly higher for fast food labor than any other labor. That is
our state minimum wage law.

That law applies only to employees of “fast food restaurants.” To be
considered a fast food restaurant, the restaurant must meet ALL of the
criteria below:

The restaurant must be a “limited-service restaurant” in California. A
limited service restaurant is one that offers limited or no table
service, where the customers order food or beverage items and pay for
those items before the items are consumed.

The restaurant is part of a restaurant chain of at least 60
establishments nationwide. An establishment is a single restaurant
location offering food or beverages to customers. Off-site business
locations (geographically separate from a restaurant location), at which
employees perform administrative, warehouse, or preparatory food
production tasks, are not counted as “establishments” toward the 60
establishment minimum.

The restaurant is primarily engaged in selling food and beverages for
immediate consumption.

There are some exemption, see #12

https://www.dir.ca.gov/dlse/Fast-Food-Minimum-Wage-FAQ.htm

[Pluted Pup]

Post by Pluted Pup

Post by badgolferman

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

Democrats in California tell us that minimum wages must be set
significantly higher for fast food labor than any other labor. That is
our state minimum wage law.

That law applies only to employees of "fast food restaurants." To be
considered a fast food restaurant, the restaurant must meet ALL of the
The restaurant must be a "limited-service restaurant" in California. A
limited service restaurant is one that offers limited or no table
service, where the customers order food or beverage items and pay for
those items before the items are consumed.
The restaurant is part of a restaurant chain of at least 60
establishments nationwide. An establishment is a single restaurant
location offering food or beverages to customers. Off-site business
locations (geographically separate from a restaurant location), at which
employees perform administrative, warehouse, or preparatory food
production tasks, are not counted as "establishments" toward the 60
establishment minimum.
The restaurant is primarily engaged in selling food and beverages for
immediate consumption.
There are some exemption, see #12
https://www.dir.ca.gov/dlse/Fast-Food-Minimum-Wage-FAQ.htm

What you posted agreed with my statement and beefs it up, with
exceptions about what is called fast food labor. Apparently
chain restaurant employees must be paid higher than any other
minimum wage class.

Way to go with the Democratic Party thinking, that monopolism
should be promoted in the food industry. What a boost to
the image of Burger King and Taco Bell by paying their labor
higher than elsewheres!

Will the leftist fraction of the labor movement now strike
against independent restaurants, carrying picket signs with
corporate logos of chain restaurants, now that the chains are more
pro-labor?

[Socrates]

Post by Pluted Pup

Post by Pluted Pup

Post by badgolferman

Post by Sharx335
And that charge is then passed down the line to the eventual
purchaser of the vehicle. Surely, no one is naive enough to believe
that the dealer is going to eat that charge or ANYONE else along the
distribution path.

Democrats tell us that minimum wage hikes will only affect the profits
of greedy businesses and not raise consumer prices. Isn't this the
same thing?

Democrats in California tell us that minimum wages must be set
significantly higher for fast food labor than any other labor. That is
our state minimum wage law.

That law applies only to employees of "fast food restaurants." To be
considered a fast food restaurant, the restaurant must meet ALL of the
The restaurant must be a "limited-service restaurant" in California. A
limited service restaurant is one that offers limited or no table
service, where the customers order food or beverage items and pay for
those items before the items are consumed.
The restaurant is part of a restaurant chain of at least 60
establishments nationwide. An establishment is a single restaurant
location offering food or beverages to customers. Off-site business
locations (geographically separate from a restaurant location), at which
employees perform administrative, warehouse, or preparatory food
production tasks, are not counted as "establishments" toward the 60
establishment minimum.
The restaurant is primarily engaged in selling food and beverages for
immediate consumption.
There are some exemption, see #12
https://www.dir.ca.gov/dlse/Fast-Food-Minimum-Wage-FAQ.htm

What you posted agreed with my statement and beefs it up, with
exceptions about what is called fast food labor. Apparently
chain restaurant employees must be paid higher than any other
minimum wage class.
Way to go with the Democratic Party thinking, that monopolism
should be promoted in the food industry. What a boost to
the image of Burger King and Taco Bell by paying their labor
higher than elsewheres!
Will the leftist fraction of the labor movement now strike
against independent restaurants, carrying picket signs with
corporate logos of chain restaurants, now that the chains are more
pro-labor?

Do keep us posted.

I wonder what percentage of the chain restaurant customers are seniors.
I know most of my friends (retired and on social security) would not
frequent restaurants with prices suddenly much higher than now.