ADVERTISEMENT

Are Trump's beautiful tariffs

Was doing nothing a viable option? The do nothing risk averse policies of the last few decades was eroding our heavy industry, worsening the opportunities for high-paying dirty jobs, increasing income and wealth imbalance, driving deficit spending, increasing trade imbalance and increasing our debt load at a skyrocketing rate.

As far as tariffs is concerned, they are simply a consumption tax on imports that state and local governments impose on all goods and services. If the tariff revenue offsets no income tax on tips, overtime, and social security, ( blue collar and low income taxpayers) tariffs are not a big problem.

We must execute a course change.
The highest tariffs from that chart are being placed on Vietnam, Sri Lanka and Cambodia.

Those countries export pretty much exclusively junk. Bringing that manufacturing here doesn’t solve any of the problems you mention in your first paragraph.
 
Was doing nothing a viable option? The do nothing risk averse policies of the last few decades was eroding our heavy industry, worsening the opportunities for high-paying dirty jobs, increasing income and wealth imbalance, driving deficit spending, increasing trade imbalance and increasing our debt load at a skyrocketing rate.

As far as tariffs is concerned, they are simply a consumption tax on imports that state and local governments impose on all goods and services. If the tariff revenue offsets no income tax on tips, overtime, and social security, ( blue collar and low income taxpayers) tariffs are not a big problem.

We must execute a course change.
Oh, Left wing California has new sales tax in effect today. Some communities pay 11.25%! Any California pol who complains about tariffs has their head up . . . . .
 
The highest tariffs from that chart are being placed on Vietnam, Sri Lanka and Cambodia.

Those countries export pretty much exclusively junk. Bringing that manufacturing here doesn’t solve any of the problems you mention in your first paragraph.
A lot of shrimp comes from SE Asia. Guess I’ll eat more chicken.
 
A lot of shrimp comes from SE Asia. Guess I’ll eat more chicken.
I pissed off a food vendor once because I told him that I only buy US shrimp. He was trying to sell Vietnamese prawns. They looked great but our shrimping industry has been decimated by Asia. This is a tariff I like.
 
  • Like
Reactions: Joe_Hoopsier
Was doing nothing a viable option? The do nothing risk averse policies of the last few decades was eroding our heavy industry, worsening the opportunities for high-paying dirty jobs, increasing income and wealth imbalance, driving deficit spending, increasing trade imbalance and increasing our debt load at a skyrocketing rate.

As far as tariffs is concerned, they are simply a consumption tax on imports that state and local governments impose on all goods and services. If the tariff revenue offsets no income tax on tips, overtime, and social security, ( blue collar and low income taxpayers) tariffs are not a big problem.

We must execute a course change.
Blow it all up without a plan seems to be your mantra these days. When has that ever worked?
 
While I hear what you're saying about not panicking and moving a bunch of money around in the expectation that the economic apocalypse is nigh, any benefits gained (and there would be some) by tariffs will be more than offset elsewhere.

I just hope this doesn't last very long -- because it's a terrible idea.
The only thing that is a bad idea, is the he's basically cutting their Tarrifs placed on our goods, at 50% +/-. There is nothing Reciprical about that. Want a level playing field, you take an eye, we take an eye. You take zero eye's, we take zero eye's. I'm tired of shitting on our workers, expecting more from them to sell into an even harder environment.
The only thing that I am pissed about is Trump caved and discounted the damn leverage that we had. Piss poor performance!
 
The only thing that is a bad idea, is the he's basically cutting their Tarrifs placed on our goods, at 50% +/-. There is nothing Reciprical about that. Want a level playing field, you take an eye, we take an eye. You take zero eye's, we take zero eye's. I'm tired of shitting on our workers, expecting more from them to sell into an even harder environment.
The only thing that I am pissed about is Trump caved and discounted the damn leverage that we had. Piss poor performance!
Yeah…he half-assed them. I’m not for them but if he’s going to do it then do it.

When you open a box of beer you don’t leave a few soldiers alive…you don’t quit until they are all dead
 
No shit. How do you even cook bok choy? Is this a Carmel thing?
On a stove with the heat on.
This guy boks choy. Were did a stir fry thing. And by we I meant my wife.

I'm very intrigued. How do you cook it? What's it taste like?
Good. As discussed by everybody here with taste and a discerning palette.

After you wrote "fresh bok choy," the "I live in Carmel" was superfluous.
Probably true.

But have you met anybody from zionsville? We’re but poor peasants. The help really.
 
Imagine starting a paragraph conversation anything with

I live in Carmel
It's a good pick up line on the poors in Noblesville and such.
Two points.

One. It’s almost as good a pick up line as “hey can you watch my drink. I left my phone in my C63, M3, Porsche…..you get the idea.

Two. I grew up in Nobletucky. They hate Carmel. For obvious reason.
 
This guy boks choy. Were did a stir fry thing. And by we I meant my wife.


Good. As discussed by everybody here with taste and a discerning palette.


Probably true.

But have you met anybody from zionsville? We’re but poor peasants. The help really.
You seem to think there are no poor folk in Carmel- it starts at 96th street on the south. Take a drive up Pennsylvania.
I’ll get to Carmel to see it all for myself. One day. God willing. If I live long enough
 
  • Love
Reactions: larsIU
After hours market trading predicts a precipitous drop in the stock market tomorrow. Thanks Donald. Two months have seen my retirement accounts lose twice the amount of money that I paid for my first house, in Cincinnati, in 1994.

Yet, you have not lost anything unless you sold. And 2022, under Biden, the SP500 was down 18% AND the safe bonds were down 13%, the worst year for bonds EVER. Thanks Joe.

You should be happy. Great time to buy and if you add to your 401k each month, then you should be happy to DCA.
 
Blow it all up without a plan seems to be your mantra these days. When has that ever worked?
One thing I like about Trump 2.0 compared to the earlier version is the mostly outstanding team he has put together.

Scott Bessent:

“Access to cheap goods is not the essence of the American Dream. The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this. International economic relations that do not work for the American people must be re-examined.

This is what tariffs are designed to address – leveling the playing field such that the international trading system begins to reward ingenuity, security, rule of law, and stability, not wage suppression, currency manipulation, intellectual property theft, non-tariff barriers and draconian regulations. To the extent that another country's practices harm our own economy and people the United States will respond. This is the America First Trade Policy.

We are identifying bad actors across a range of criteria, not just tariffs applied to our exports, but also non-tariff barriers, laws which unfairly apply fines to our exporters, government policies which undercut global competition and suppress wages and currency manipulation that enables persistent trade surpluses.

These are not the only metrics in which our global trading partners should be scored. That is increased burden sharing on security is critical amongst friendly nations. No longer should American tax dollars, American military equipment, and in some cases, American lives, be the sole bearers of upholding friendly trade and mutual security. Burden sharing is not a matter of offloading risk, but a matter of all benefiting parties having interest in the system. The shared interest ultimately strengthens the international system as the cost of disruption outweigh any benefits of dissolution.;”

I think your no plan comment is mostly hogwash.
 
Yet, you have not lost anything unless you sold. And 2022, under Biden, the SP500 was down 18% AND the safe bonds were down 13%, the worst year for bonds EVER. Thanks Joe.

You should be happy. Great time to buy and if you add to your 401k each month, then you should be happy to DCA.

Ever heard of catching a falling knife?
 
Yeah…he half-assed them. I’m not for them but if he’s going to do it then do it.

When you open a box of beer you don’t leave a few soldiers alive…you don’t quit until they are all dead
When you try to please everyone, you please NO ONE.

This was so stupid. There is no try, only DO. Very disappointed at this attempt.
 
ADVERTISEMENT
ADVERTISEMENT