I'll throw a fella Dream Teamer a bone. I prefer tariffs to tax increases because I can avoid a lot of them, as you pointed out.
Are Trump's beautiful tariffs
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Green beans and bacon... that's God's food right there.
it's insane. i have a guy we sort of work with who is an american in china with a firm that puts businesses in touch with factories in china, vc money, etc. the plants he sends over are amazing. crazy technology
I crocked some green beans, taters, onions and andouille sausage for Sunday supper. Served it with sharp chedder/fontina cheesy jalapeno corn bread.
Brilliant. Then, when the inflation you claim is coming hits, the interest rates will rise and the price of those bonds will fall. So, you'll still get your 4%, but the value of your portfolio will go down.
Just brilliant.
That was my point with people buying too much shit. A lot of things that would be hit my tariffs can simply not be purchased or bought on the secondary market. Or an alternative maybe found. People don't need that much to live on.
It's almost like China decided that the demand for EVs was an economic opportunity.
It's almost like the USA, at least in that critical period Jan 2017-Jan 2021, decided that any demand for EVs was a fabricated hoax by woke scientists pushing a climate change agenda.
It's almost like the USA, at least in that critical period Jan 2017-Jan 2021, decided that any demand for EVs was a fabricated hoax by woke scientists pushing a climate change agenda.
And this is why so many insist on calling tariffs 'taxes'.
It's entirely political, used to claim "TRUMP IS RAISING TAXES"
Who buys imported luxury cars? The working poor?
But....but....but.... it will make t-shirts more expensive! We won't be able to buy items made with slave labor so cheap anymore!
I bet you took that class before NAFTA was in full swing, because I had the same discussion with my professor.
The problem with academia is, it's a lot of theory. When those theories are implemented, they don't always work out so well. NAFTA is one example.
14 of the top 20 cars that are the "most American made" come with nameplates from Honda, Toyota, VW, Acura, and Lexus
You guys are way underestimating this in terms of impact to components key to manufacturing. Not just tshirts and rubber dog crap. I guess Wall Street and all the economists, traders, and heads of industry were wrong too?
Tariffs are just part of this mess. Ham handed layoffs and crushed consumer confidence. I don't recommend this for most, but this has been the easiest trade I have ever made moving 7 figures out lately Feb. I should have had real balls and moved everything.
Never underestimate a man who bankrupted multiple casinos to F things up. Just happened far faster than expected.
Not exactly a reasoned, persuasive rebuttal.
Come on - you can do better than just hurl insults.
You guys are working way too hard to smear Trump. The great bulk of working poor income is spent on food and shelter. Tariffs have little to do with that. Trumps proposals to eliminate tax on tips, overtime and social security will almost exclusively benefit the working poor and middle incomes.
Where are your clothes made? Meet me at a Wal Mart and let's look at all the stuff poorer working people buy. Seriously, let's do it. We can go to different Walmart and zoom on our phones and look at all sorts of products. Up for it?
Luxury cars is BS.
As crazed ask, where do sales taxes appear on your tax form?
Uh, luxury cars is not BS. Drive around any major city
I actually do buy clothes at Wal Mart. Especially jeans and things like jackets, underwear, etc.
Tell you what - you go pick out a basket of clothes on your next visit and then we'll go shopping for the same items 6 months from now and see what the difference is.
By the way, I'll be in Bloomington for the Spring game.
Let's go to Wal Mart and check the prices and then compare when football season starts up.
Did you sell out? You only lose whe
Weak hands sell off on days like this. Many people simply don't have the stomach for investing. and maybe they should just sell off on a day like today. Probably will be better for their mental health.
Imported cars does not mean luxury cars.
The average cost of a new car or truck from American brands in 2024 was $56,000.
The average cost of a new car or truck from Asian-based brands in 2024 was $43,480.
The average cost of a new car or truck from European-based brands in 2024 was a tick under $60,000. If you took away Porche @>120K, the number would be less than for US cars
The average cost of a new car or truck from American brands in 2024 was $56,000.
The average cost of a new car or truck from Asian-based brands in 2024 was $43,480.
The average cost of a new car or truck from European-based brands in 2024 was a tick under $60,000. If you took away Porche @>120K, the number would be less than for US cars
Average Price of a New Car in 2025
The average cost of a new car in 2025 is $48,401. Learn how prices vary based on makes, models and other factors affecting car pricing.
www.moneygeek.com
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The trump smears are what 85% of this board is. I mean if the tariffs worked out 100% for the USA Trump would still be awful and the worst thing ever to several people on this board. It would not matter what he did. There is a reason most guys on the bbal forums do not visit the water cooler. Days like today I look to buy certain stock even though I am told I lost money. Hard to lose any money when you do not sell on panic.
Governments don’t decide what there is a demand for, consumers do.
There are plenty of reasons to buy an EV last among them being fighting the climate goblin.
The working poor aren't in the stock market - at least that's what I've been told.
Why are people so concerned about the rich losing money?
The notion that the only federal taxes we pay are ones that appear on our Form 1040 is absurd.
In fact, the whole idea of an import tariff is to make imported foreign goods more expensive relative to domestic goods. @DANC, if you don't want to take my word for that, take Donald Trump's word for it.
And the fact we use the word "tariff" (or "duty") rather than the word "tax" doesn't mean it isn't a tax. It's a compulsory payment made by a private entity to a government....which is the textbook definition of a tax. And, like other taxes imposed on companies that sell goods and services, some or all of their cost is passed along through the supply chain and ultimately borne at the economic terminus: which is consumers, who have nobody else to pass it to.
The fact that consumers don't write the check directly to the government is neither here nor there.
The reason companies hate taxes or anything else that increases their costs is that they either eat into margins (for that portion of the added cost which they choose to absorb themselves) or into demand and volume (for that portion which they pass along to consumers).
In this case, the entire stated purpose is to achieve the latter: to make foreign goods less attractive than domestic goods, as domestic suppliers are obviously exempt from them.
And this is yet another example of a public policy that sounds good to some people (for this reason) -- but is actually harmful to our well-being.
60% of fruits and 40% of veggies are imported. Those will cost more as food is included
A lot of cheaper products are imported, such as clothing. Are we going to allow people to walk around naked?
Auto parts are going to go up, that will impact everyone with an auto.
People who live paycheck to paycheck will be paying more in taxes as a percentage of income.
You can get clothes at goodwill.
How much more would clothes cost? Yes, prices would increase but would clothes really be unaffordable?
I didn't say they did. Governments decide how to respond to that demand, with respect to implementing policies. With a push to capitalize on the demand, or a push to deny that the demand even exists.
The stock man is back. For the 29th time, what was your bug pick thT was up 800 percent post COVID? It's ok to admit you lied.
Imported cars does not mean luxury cars.
The average cost of a new car or truck from American brands in 2024 was $56,000.
The average cost of a new car or truck from Asian-based brands in 2024 was $43,480.
The average cost of a new car or truck from European-based brands in 2024 was a tick under $60,000. If you took away Porche @>120K, the number would be less than for US cars
Average Price of a New Car in 2025
The average cost of a new car in 2025 is $48,401. Learn how prices vary based on makes, models and other factors affecting car pricing.www.moneygeek.com
A point often missed. Many poorer people buy Kia. I suspect neither Musk nor Trump have ever been in a Kia. Nissan Versa is the single cheapest car sold in America, again, not one a Musk, Trump, Soros, etc, ever uses.
I have been trying to decide if I want to go to the spring game. The last couple I attended were, well, boring.
BTW, to demonstrate this, VW is going to charge an "Import Fee" to consumers on tariff-impacted cars. And my guess is that they won't have any cars that won't be tariff-impacted -- as even their products that are assembled domestically will have all sorts of imported parts, raw materials, etc.
This is no different than restaurants in CA that I've personally eaten at that put a surcharge on their bills for various mandated employee costs. Rather than bury these into their menu prices, they're letting their customers know why their dinner bills have gone up. California even balked at this, if I'm not mistaken. But why? It's an actual cost -- and restaurants have no choice but to pass it along to their customers. It's either that or kill their business.
The one huge difference is that these taxes applied to every restaurant in California equally -- so they don't result in a situation where some get hit by it and others don't.
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