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Thread: Meet the Press Tariff Report Very Questionable

  1. #41
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by rwb72 View Post
    YOU don't understand it. What happens when you get all excited by a new cost ? (tariffs, minimum wage hike, whatever) So you foolishly raise your prices (which were set by SALES LEVELS aka "demand"), and well golly gee, your sales suddenly drop. And you're now making LESS money. I strongly suggest you don't ever open a business.
    I fear if you did so, you'd wind up with more bankruptcies than the president. Better make friends with the Russian Oligarchy if you do.

  2. #42
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Southern Dad View Post
    On one hand the left would have us believe that raising minimum wage to $15 per hour would have nominal effect on prices of goods and services, but a tariff would destroy the pricing?
    That all depends on how much of the cost is due to low end wages, and how much due to imported parts/supplies. It really doesn't depend on how many people involved are southpaws.

  3. #43
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Puzzling Evidence View Post
    FALSE!
    Jesus....96%???
    Yes, and that was in 2016: Of the direct political donations given by the chamberís political action committee in 2016, 96 percent went to Republican candidates. [That's from my first link, the factcheck link.]

    I would bet the percentage would be even higher in earlier years.....
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  4. #44
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    That all depends on how much of the cost is due to low end wages, and how much due to imported parts/supplies. It really doesn't depend on how many people involved are southpaws.
    Increasing wages significantly will certainly raise labor costs. Not all products will be subject to tariffs, but all products and services would be subject to wage increases. As I asked how are you going to convince us that minimum wage increases won't increase prices but tariffs will.
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  5. #45
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Southern Dad View Post
    Increasing wages significantly will certainly raise labor costs. Not all products will be subject to tariffs, but all products and services would be subject to wage increases. As I asked how are you going to convince us that minimum wage increases won't increase prices but tariffs will.
    Both of them will, to one degree or another.

    In the case of tariffs, the money goes to big daddy government. In the case of higher wages, it goes to the workers.

  6. #46
    Veteran Member Puzzling Evidence's Avatar
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    Quote Originally Posted by Southern Dad View Post
    Increasing wages significantly will certainly raise labor costs. Not all products will be subject to tariffs, but all products and services would be subject to wage increases. As I asked how are you going to convince us that minimum wage increases won't increase prices but tariffs will.
    If people have more money, they can afford goods that are slightly higher. Not only that, the same scenario applies to min wage as applies to tariffs.
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  7. #47
    Veteran Member bonehead's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    Both of them will, to one degree or another.

    In the case of tariffs, the money goes to big daddy government. In the case of higher wages, it goes to the workers.
    and in both ways, the consumer pays the tab.

  8. #48
    Dick with my Buzz...Try DebateDrone's Avatar
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    Quote Originally Posted by Southern Dad View Post
    Increasing wages significantly will certainly raise labor costs. Not all products will be subject to tariffs, but all products and services would be subject to wage increases. As I asked how are you going to convince us that minimum wage increases won't increase prices but tariffs will.
    Because tariffs are a self-inflicted gun shot wound. Tariffs muck up supply and demand. Wages do not.

    If a business owner is given an option to spend his money on wages or tariffs...which do you believe he would choose?

    Wages is a benefit to his company. A Trump tax does nothing for his business.

  9. #49
    #walkaway orangecat's Avatar
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    Quote Originally Posted by Puzzling Evidence View Post
    Look, DUDE, you haven't been a member of this site long enough to be calling anyone here (certainly not a long-term poster) a "fool". Get a grip....
    That's BS. A perceptive person can identify a fool from a single leftist post.

  10. #50
    Dick with my Buzz...Try DebateDrone's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    Both of them will, to one degree or another.

    In the case of tariffs, the money goes to big daddy government. In the case of higher wages, it goes to the workers.
    How is that not evident to free market conservatives? To get government off our backs... Less regulations conservatives

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