Carrier will pay a 30% tax on A/C units from Mexico (Reagan, Clinton)

[Hoonose]

Tariffs are but a complicated and preferentially directed tax for the people to pay. Here's where modern money people and Austrians tend to agree.

https://mises.org/blog/who%E2%80%99s-protected-tariffs

Lower the tax on business, on creating business. Don't raise them on our people.

[mm4]

Carrier isn't mandated to buy maternity care insurance policies for its male workforce in Mexico, so it's probably going to save some money.

[MTAtech]

Originally Posted by mm4

Carrier isn't mandated to buy maternity care insurance policies for its male workforce in Mexico, so it's probably going to save some money.

The amount that provision in the ACA is a negligible cost. The reason that companies locate in other lands is due to the labor rate.

[MTAtech]

Originally Posted by Hoonose

Tariffs are but a complicated and preferentially directed tax for the people to pay. Here's where modern money people and Austrians tend to agree.

https://mises.org/blog/who%E2%80%99s-protected-tariffs

Lower the tax on business, on creating business. Don't raise them on our people.

Except that lowering business taxes just makes profits higher and doesn't lower prices.

If you are claiming that taxes cause businesses to fail, that is wrong. Business taxes are paid on profits and unless the corporate tax is 100%, there will always be profits leftover. If you are saying that businesses will seek areas that have lower taxes, all other things being equal (which they rarely are) that is true, because they make higher profits.

[J.Thomas]

We can charge tariffs until these countries are bankrupt.

They'd go bankrupt in 2 years most.

Let's see what they're gonna do when they can't export here

[Hoonose]

Originally Posted by MTAtech

Except that lowering business taxes just makes profits higher and doesn't lower prices.

If you are claiming that taxes cause businesses to fail, that is wrong. Business taxes are paid on profits and unless the corporate tax is 100%, there will always be profits leftover. If you are saying that businesses will seek areas that have lower taxes, all other things being equal (which they rarely are) that is true, because they make higher profits.

Lower taxes, more money for the people. Tariffs essentially raise taxes on the people.

Lower taxes/overhead means more business start ups and successes, and then more hires. More money for the people.

Sure more profits, but many more successful small business people.

Like myself.

[HappyTexan]

Originally Posted by MTAtech

Except that lowering business taxes just makes profits higher and doesn't lower prices.

If you are claiming that taxes cause businesses to fail, that is wrong. Business taxes are paid on profits and unless the corporate tax is 100%, there will always be profits leftover. If you are saying that businesses will seek areas that have lower taxes, all other things being equal (which they rarely are) that is true, because they make higher profits.

But they can also sell their products at lower prices to emerging nations and still make a profit.

It's globalism that drives them away from US labor.
We are too expensive.

[HappyTexan]

Originally Posted by J.Thomas

We can charge tariffs until these countries are bankrupt.

They'd go bankrupt in 2 years most.

Let's see what they're gonna do when they can't export here

tariffs are on a company, not a country.

Mexico won't go bankrupt because of a proposed 30% tax on Carrier Corp.

[marcopolo]

Yeah, trade let's us get more for everything we produce and pay more for everything we use. Stopping it with tariffs is a recipe for economic disaster. If you ever read any history at all, and understood it, you would know that.


Trump is a moron, catering to morons, and we better fix our schools fast so we quit manufacturing so many morons. Otherwise we'll all be eating tree bark and grass. Trump would do no better for the economy than Bernie Sanders, who would also wreck us.

[68551]

Everyone buy the things you need now so the 30% tax will only hurt the companies who continue to move out of the US.