Economics Thread

Also great opportunity for cars already manufactured in the US to gain more market share. I’m sure Nissan will love that!
 
chop2chip said:
Yup. Certainly a good thing to have more domestic production. It just means everyone will pay a consumption tax to have that.
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While having less income taxes because more jobs. Less government expenditure because private employers pay for insurance. More functioning family units.

But hey - only thing that matters is cheap goods.
 
thethe said:
While having less income taxes because more jobs. Less government expenditure because private employers pay for insurance. More functioning family units.

But hey - only thing that matters is cheap goods.
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Kind of a shame they didn’t really get around to meaningful income tax breaks for those who aren’t rich then.
 
thethe said:
While having less income taxes because more jobs. Less government expenditure because private employers pay for insurance. More functioning family units.

But hey - only thing that matters is cheap goods.
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Certainly a good thing to have less government spending (unfortunately didn’t happen) and lower income tax.

Unlike your point of increasing domestic production (which is a good thing), neither of those have anything to do with making Americans pay a consumption tax
 
chop2chip said:
Certainly a good thing to have less government spending (unfortunately didn’t happen) and lower income tax.

Unlike your point of increasing domestic production (which is a good thing), neither of those have anything to do with making Americans pay a consumption tax
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Yes they do. If you tax people indirectly through tariffs and just pretend you’re collecting that money from China, you can campaign for re-election on “lower” taxes while revenue is unaffected! The consumption tax is very helpful in that regard.
 
mqt said:
Yes they do. If you tax people indirectly through tariffs and just pretend you’re collecting that money from China, you can campaign for re-election on “lower” taxes while revenue is unaffected! The consumption tax is very helpful in that regard.
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Well unfortunately with last week’s software patch, the messaging has shifted to trade deals with rest of the world to isolate China so we will no longer be financing the external revenue service.
 
chop2chip said:
Well unfortunately with last week’s software patch, the messaging has shifted to trade deals with rest of the world to isolate China so we will no longer be financing the external revenue service.
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You are trying to say I didn’t say this was about China from the beginning. Tbe baseline 10% to access the US market will remain most likely and it should.
 
thethe said:
You are trying to say I didn’t say this was about China from the beginning. Tbe baseline 10% to access the US market will remain most likely and it should.
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thethe said:
You are trying to say I didn’t say this was about China from the beginning. Tbe baseline 10% to access the US market will remain most likely and it should.
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Not at all.

I’m saying the concept of the External Revenue Service replacing income tax is no longer the plan.
 
chop2chip said:
Not at all.

I’m saying the concept of the External Revenue Service replacing income tax is no longer the plan.
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My understanding is the baseline 10% “access fee” isn’t going anywhere. Maybe that changes if the free world ditches China completely.

I think that’s the best outcome
 
thethe said:
I'm seeing a noticeable increase with the trend line increasing

But Trump always does this - Say it’s a lie or just his approach.
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I like how you don’t even bother to want your government to tell the truth anymore. It was never going to happen anyway, but it must be much more relaxing to want the lies.
 
thethe said:
I'm seeing a noticeable increase with the trend line increasing

But Trump always does this - Say it’s a lie or just his approach.
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I’m just glad Bessent has taken control of the wheel and the message has shifted from E.R.S. It was nonsense from the beginning.
 
mqt said:
I like how you don’t even bother to want your government to tell the truth anymore. It was never going to happen anyway, but it must be much more relaxing to want the lies.
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'Lie' is something like Biden is competent and is actually running the country.

'Fib (meaningless to every day lives)' 'We are taking in record amounts of tariffs'
 
thethe said:
'Lie' is something like Biden is competent and is actually running the country.

'Fib (meaningless to every day lives)' 'We are taking in record amounts of tariffs'
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You’re simply describing two lies and excusing one because you like his policies more.
 
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