Trump tariffs ruled illegal

[AOG]

AOG, paging AOG. Answer the question.

How you really know that they don't know a fucking thing!

It's a rhetorical question. Obviously, the importer pays 100% of the tax I mean fee (unless the exporter negotiates to bear some of the cost). The importer can pass on anywhere from 0% to infinity% or whatever if resold. They might even decide to discount (-x%). Now fuck off.

 

[WestlinnDuck]

A question arises. How much of a sales tax or gas tax is passed onto the consumer?

 

[Bob_C]

All depends on elasticity, which is way over AOG’s head.

 

[Bob_C]

see

 

[AOG]

Bob C is trying to pull an argument from authority, which tries to explain away huge tariffs, which are taxes, oh, I mean fees, with economic buzzwords and condescension.

 

[AOG]

Bob C the fake intellectual

 

[WestlinnDuck]

All depends on elasticity, which is way over AOG’s head.

A tax per gallon is collected at the pump and remitted to the state. The sales tax is a percentage of the retail price and collected at the register and remitted to the state. The seller retains the sales price. That is the elastic portion. If the retailer has a 20% gross margin and he charges $100, they send $8 (8% sales tax rate) to the state. If he wants a 33.3% gross margin he charges $120 on for his $80 of CGS. And sends $9.60 in collected sales tax to the state.
With a tariff, the seller can legally avoid the tariff or minimize it from buying from either a domestic source or from buying from a lower tariff country. Just like people in Washington drive across the border to Oregon and buy stuff and drive it back to Washington and then illegally not remit the use tax to Olympia. Legal versus illegal avoidance.

 

[Bob_C]

Some will pass them along to consumers, but they will pay for that indirectly through market share losses if their competition or substitution does not pass them along. This isn’t an appeal to authority, it’s basic stuff that you can’t seem to grasp.

 

[AOG]

Some will pass them along to consumers, but they will pay for that indirectly through market share losses if their competition or substitution does not pass them along. This isn’t an appeal to authority, it’s basic stuff that you can’t seem to grasp.

You're just trying to smoke people with economic ramifications… yes, the market will change. I didn't say it wouldn't. No amount of intellectualization stops the tariffs. I can beat you at your game here.

 

[WestlinnDuck]

"No amount of intellectualization stops the tariffs. I can beat you at your game here."
Interesting is that you have argued there is no rational intellectual support for Trump's tariffs and yet all your "intellectualization" hasn't stopped the tariffs. So, I guess you get a check mark on that. Keep playing for the away team.

 

[Bob_C]

What else is there to discuss besides economic ramifications?

 

[RaceBannon]

As a taxpayer I see value in tariffs
I see no value in 80 cents a gallon to herd unicorns
Nor in property taxes out of control
Or an income tax
Even if we accept the retarded premise that a tariff is a tax so what?

 

[AOG]

According to Bob's smoke and mirrors hand-waving, there is no tax at all, just a fee! Then all is made well by his snobbish insistence on the principle of elasticity. All I did was point out the silliness of this argument, that in fact the tariffs will be paid (generally 100% by the US importer unless negotiated otherwise).

 

[Bob_C]

You were previously all in on them being paid by the consumer. Seems like you have conceded to my smoke and mirrors.

 

[AOG]

You were previously all in on them being paid by the consumer. Seems like you have conceded to my smoke and mirrors.

Bob…. it's a big tariff spend. That's what it is. Money paid to Mr Trump. That's what has happened.

 

[Sledog]

I know how they work and that wasn't the flipping question!

Why can everyone tariff our products but we can't tariff any other countries. Explain how that's right or fair! Now fuck off!

 

[WestlinnDuck]

I know how they work and that wasn't the flipping question!

Why can everyone tariff our products but we can't tariff any other countries. Explain how that's right or fair! Now fuck off!

Again, what is the functional difference between AOG and a chicom lobbyist? America Last.

 

[AOG]

I know how they work and that wasn't the flipping question!

Why can everyone tariff our products but we can't tariff any other countries. Explain how that's right or fair! Now fuck off!

It's magnitude… your argument might carry some persuasive power if you prepared a legit table. Traditionally tariffs are used sparingly. Nobody really just flat out blows the roof off of the world with them like your Dear Leader is trying to do on the lunatic plan that it will restore the Rust Belt.

 

[UW_Doog_Bot]

In a free and competitive global market tariffs would be paid by the consumer.
The global market isn't a free one. It is quite distorted.
It's also lopsidedly competitive with the US market demand being irreplaceable and global supply being hyper competitive.
That's pretty much what Trump is relying on, companies and nations will subsidize supply into the US market(as China has done for decades and Japan before them). If they won't someone else will.
You can argue the point of US consumer demand being irreplaceable but the mechanics of the tariff plan are sound.
Simply sticking to the "consumers pay tariffs" argument without acknowledging there's an economic basis for the counter argument is quite...simple.
Scott Besent passed economics 471 and 472 I'm sure.

 

[Sledog]

I know how they work and that wasn't the flipping question!

Why can everyone tariff our products but we can't tariff any other countries. Explain how that's right or fair! Now fuck off!

It's magnitude… your argument might carry some persuasive power if you prepared a legit table. Traditionally tariffs are used sparingly. Nobody really just flat out blows the roof off of the world with them like your Dear Leader is trying to do on the lunatic plan that it will restore the Rust Belt.

What bullshit! Even you don't believe that! We charge those that place tariffs on our goods. What's good for the goose is good for the gander. You are so full of shit it's ridiculous.