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Thread: Meet the Press Tariff Report Very Questionable

  1. #101
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by orangecat View Post
    Okay, I'll engage in your silly semantics battle. Saying I always prefer lower taxes isn't the same as saying I prefer no taxes. Also, preferring lower taxes is not anarchy, as you implied earlier.
    What you are struggling with here is not really 'economics', you know; it is really some very basic concepts in logic and the nature of the number line in arithmetic.

  2. #102
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by NeoVsMatrix View Post
    Previous cost for steel: X $.

    Additional steel tariff: 25%

    New cost for steel: 1.25 times X $. As long as X is a positive number (which it is), the new cost for steel is nominative higher than the previous cost for steel.

    Let me know if you can follow, or if we need to start at a lower level of math education.
    These fellows don't understand that a tariff ALWAYS drives a 'wedge' between the foreign price and the domestic price of a good, with the domestic price being higher. Indeed, that's the whole POINT of a tariff; it is what gives an ADVANTAGE to the domestic firms, in their struggle against foreign competition. Classic special interest politics.

    I suspect that very few Americans are aware that the domestic price of sugar, for example, is higher than the international price of sugar. This is because of our infamous system of import quotas on sugar. Import quotas are different from tariffs, but are another method of protectionism. That higher price of domestic sugar benefits a very small group of very well-organized sugar producers here in America, mostly wealthy sugar plantation owners in the Deep South states of Louisiana and Mississippi, who basically OWN some Congressmen. For the vast majority of Americans, it only costs them an extra $10 or $15 a year, in higher prices for candy bars and breakfast cereals and so forth, so they're not about to organize an angry march on Washington, D.C. But for those rich sugar plantation owners, added up across all the citizens of America, it adds up to BILLIONS of dollars. Special interest politics is always behind tariffs, import quotas, and other forms of protectionism. The OWNERS of the steel companies, and the workers who belong to the steel unions, are really the only beneficiaries of the steel tariffs, and lo and behold! The steel companies donated, a lot, to Mr. Trump's campaign...….

  3. #103
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by rwb72 View Post
    So much for your worthless "source", Factcheck. It claims US C of C to be pro-business/conservative. Yeah ? Well with a hard-rock position favorable to immigration (including the illegal branch), C o C doesn't qualify as pro-business. For every US business helped by low-wage illegal aliens, about 10 are hurt by the unfair (and illegal) competition from those businesses.

    Even aside from the business aspect, it's preposterous to even hint that an org so illegal immigration friendly could be thought of as conservative. Another example of the crap lying around that somehow manages to pass for validity.

    As for Wikipedia, I use it often as a source, but in some cases, it does get things wrong too. That's when I steer clear of it.
    96% of the political donations of the U.S. Chamber of Commerce went to Republican candidates in 2016, and you're STILL trying to maintain the fiction that they're 'leftward-leaning' or 'Democratic sympathizers'?!?

    Well, you're doing one thing here: you're providing some welcome amusement.
    Thanks from Dittohead not!

  4. #104
    Veteran Member Southern Dad's Avatar
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  6. #106
    Veteran Member Southern Dad's Avatar
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    If only that nail manufacturer would buy nails made with American steel.

  7. #107
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Southern Dad View Post
    If only that nail manufacturer would buy nails made with American steel.
    He can't AFFORD to! Can't you READ???

    This was from the link: Orders for nails plunged 50% after the company raised its prices to deal with higher steel costs.
    Thanks from NeoVsMatrix

  8. #108
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    He can't AFFORD to! Can't you READ???

    This was from the link: Orders for nails plunged 50% after the company raised its prices to deal with higher steel costs.
    Yes, I saw that. What you are saying is that you support manufacturers buying their steel from overseas putting American steel workers out of a job. President Trump does not. The nail manufacturer can pay for American steel or he can pay the tariff. Construction will still require nails. They will buy them from somewhere.
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  9. #109
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Southern Dad View Post
    Yes, I saw that. What you are saying is that you support manufacturers buying their steel from overseas putting American steel workers out of a job. President Trump does not. The nail manufacturer can pay for American steel or he can pay the tariff. Construction will still require nails. They will buy them from somewhere.
    Yeah. They'll buy the steel nails from overseas, and we'll lose those jobs in Missouri making nails. I guess you don't CARE about THOSE American jobs, and neither does Donald Trump.

    We have 80 jobs in the steel-using industries for every ONE job we have in the steel-producing industry. That's why the steel tariffs are doing to cost us MANY more jobs than they create, genius. We also found that out back in 2002, with George W. Bush's steel tariffs. But you don't want to learn from history, do you?

  10. #110
    Senior Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Southern Dad View Post
    Yes, I saw that. What you are saying is that you support manufacturers buying their steel from overseas putting American steel workers out of a job. President Trump does not. The nail manufacturer can pay for American steel or he can pay the tariff. Construction will still require nails. They will buy them from somewhere.
    ok, so we will have a few - gazillions, i bet - steel jobs coming back, because now the US can sell steel at costs that is not competitive internationally... and those buying that steel, will raise the prices for their products, necessarily, which the end consumer - targeted to be American - will have to pay.
    And while doing so, we lose x amount of jobs in the steel "processing" industry, because their products are no longer competitive in an international market, and the domestic market does not support their business sufficiently.

    You Trump GOPers are real geniuses.
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