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Old 03-05-2018, 11:07 AM
 
4,901 posts, read 1,361,361 times
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Quote:
Originally Posted by rebeldor View Post
That's what the Trump cult isn't able to comprehend. TARIFFS ARE TAXES. That tax cut we just got? Poof...all gone.
The problem is: How do you convince a person of this when they revel in their own ignorance?

Also look at the false narrative that this is only going to effect cars and beer cans and such. Aluminum and steel prices effect the means of production for probably 90-95% of consumer goods, it will cause price increases across the board.

Last edited by zzzSnorlax; 03-05-2018 at 11:16 AM..
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Old 03-05-2018, 12:36 PM
 
1,476 posts, read 302,400 times
Reputation: 415
Quote:
Originally Posted by rebeldor View Post
That's what the Trump cult isn't able to comprehend. TARIFFS ARE TAXES. That tax cut we just got? Poof...all gone.
Just like we have income tax, sale tax, etc we have import tax, or tariff. They are all taxes. But I will disagree that the tax cut has disappeared. It depends on the amount of money you have. For the people who only benefited slightly-which is most people-a increase in price of consumer goods-will be really bad. As your income raises, this is less so. For rich people who will get millions in tax breaks, paying a couple dollars more at the store is no problem. Exactly in line with what politicians do: Serve the rich.
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Old 03-05-2018, 12:53 PM
 
Location: Texas
26,720 posts, read 11,211,876 times
Reputation: 6150
Quote:
Originally Posted by mtl1 View Post
What's so bad about Keynesian economics? It's not as bad as what we have now.
lol
Keynesian economists generally advocate a managed market economy predominantly private sector, but with an active role for government intervention during recessions and depressions.
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Old 03-05-2018, 01:21 PM
 
Location: Denver, CO
8,347 posts, read 1,915,931 times
Reputation: 1662
Quote:
Originally Posted by zzzSnorlax View Post
The problem is: How do you convince a person of this when they revel in their own ignorance?

Also look at the false narrative that this is only going to effect cars and beer cans and such. Aluminum and steel prices effect the means of production for probably 90-95% of consumer goods, it will cause price increases across the board.
You can't. They're blinded by corporate media propaganda. Just like you can't convince the Obama cult he's a war criminal.

Everything's going to get much more expensive. That's what Statists don't understand--businesses don't absorb costs. They pass them on to the consumer.
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Old 03-05-2018, 01:23 PM
 
Location: Denver, CO
8,347 posts, read 1,915,931 times
Reputation: 1662
Quote:
Originally Posted by thelogo View Post
Just like we have income tax, sale tax, etc we have import tax, or tariff. They are all taxes. But I will disagree that the tax cut has disappeared. It depends on the amount of money you have. For the people who only benefited slightly-which is most people-a increase in price of consumer goods-will be really bad. As your income raises, this is less so. For rich people who will get millions in tax breaks, paying a couple dollars more at the store is no problem. Exactly in line with what politicians do: Serve the rich.
Taxation is theft--hence tariffs are theft.
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Old 03-06-2018, 11:21 AM
 
Location: Houston
22,510 posts, read 11,590,788 times
Reputation: 9076
Quote:
Originally Posted by zzzSnorlax View Post
The problem is: How do you convince a person of this when they revel in their own ignorance?

Also look at the false narrative that this is only going to effect cars and beer cans and such. Aluminum and steel prices effect the means of production for probably 90-95% of consumer goods, it will cause price increases across the board.
Maybe not so much because domestic goods will lose market share to foreign goods. Not good.
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Old 03-06-2018, 11:35 AM
 
22,769 posts, read 26,209,016 times
Reputation: 14558
Quote:
Originally Posted by mtl1 View Post
What's so bad about Keynesian economics? It's not as bad as what we have now.
uh, basically people who don't know very much about economics try to divide them up into two (and ONLY two) opposing camps : Left-wing / Keynesian vs. Right-wing / Austrian. The idea that there are 3, or 4, or dozens of competing economic models seems to disrupt the whole "Good vs. Evil / Right vs. Left" mentality they have, so they ignore anything else.

"Austrian vs. Keynesian" is a running joke among economists, its like a fight from the 1960's, and neither economic model accurately describes the real world anymore.

Keynesianism is considered obsolete. It evolved into other fields like post-Keynesianism, but frankly most common people didn't know what original keynesian economics was in the first place, so they have no hope at understanding the nuances of postkeynesianism. Austrianism never really evolved, it's calcified in the late 1800's, today it's seen as more of a political cult that no longer has any ties to the serious academic world. You can find these so-called "economists" on websites like mises.org, talking about how much they hate liberals.

Last edited by le roi; 03-06-2018 at 12:26 PM..
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Old 03-06-2018, 12:25 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,310 posts, read 14,038,513 times
Reputation: 6502
Quote:
Originally Posted by zzzSnorlax View Post
The problem is: How do you convince a person of this when they revel in their own ignorance?

Also look at the false narrative that this is only going to effect cars and beer cans and such. Aluminum and steel prices effect the means of production for probably 90-95% of consumer goods, it will cause price increases across the board.
no, not across the board.... but it will raise the price of the crappy quality IMPORTS...which is a good thing....we NEED to buy American....let's bring back the AMERICAN manufacturer that the liberals outsourced

let's have GE, a Connecticut company, actually make their stuff here in the USA (no matter which state) instead of ......making it in mexico and then IMPORTING it for free...by placing a tariff equal(or greater) to the wage difference, you give the INCENTIVE to bring jobs back
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Old 03-06-2018, 12:55 PM
 
Location: Planet Telex
4,654 posts, read 2,290,359 times
Reputation: 4381
Quote:
Originally Posted by workingclasshero View Post
no, not across the board.... but it will raise the price of the crappy quality IMPORTS...which is a good thing....we NEED to buy American....
You can have your piece of crap Fords and Chrysler.
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Old 03-06-2018, 01:25 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,310 posts, read 14,038,513 times
Reputation: 6502
Quote:
Originally Posted by sandsthetime View Post
You can have your piece of crap Fords and Chrysler.
uhm..Chrysler is Italian now

chevy's which I used to love, have become the biggest POS made in mexico things there are

no way would I every waste money on a lexus or infinity


Lincoln is the smoothest ride I ever had
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