Economics Thread

mqt said:
Unless that person has a personal Cryptocurrency that we’ve been told to ignore, I suppose.

But otherwise you’re just being intentionally obtuse.
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No I think certain things that protect Americans like tariffs do should be at the whim of the only person who is elected by the whole country.

Especially one that has personal wealth and doesn’t need corporate buyouts.
 
thethe said:
But the cost isn’t so high because tariffs are specially on COGS. And the market is so robust that no company actually will say no to it. Thats why Trump and his advisors have made economists look like health care experts during COVID. They don’t understand basic realities.

Record high tariff collections. No material price adjustments for consumers. Company valuations are at all time highs. Everyone in America is wining. The ones who aren’t are manufacturers of foreign nations paying the majority of the tariff.
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You continue to base your assumptions on a version of America that was built for decades on relatively free trade without any consideration of what else changes when that baseline does.
 
thethe said:
No I think certain things that protect Americans like tariffs do should be at the whim of the only person who is elected by the whole country.

Especially one that has personal wealth and doesn’t need corporate buyouts.
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Nobody is elected by the whole country. It’s the same people who voted for the Senate and House that voted for Trump.

And that person with personal wealth has spent the past decade bleeding his loyal followers dry through bibles and watches and the aforementioned cryptocurrency.
 
thethe said:
Record high tariff collections. No material price adjustments for consumers. Company valuations are at all time highs. Everyone in America is wining. The ones who aren’t are manufacturers of foreign nations paying the majority of the tariff.
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"Record high tariff collections" - paid by who?

"No material price adjustments for consumers" - CPI readings since liberation day: April 2.3%; May 2.4%; June 2.7%. For the record, 2.7% inflation would be considered enormous historically.

"Company valuations at all time highs" - But what about company profits? they peaked in Q4 in 2024, when they closed at all time highs. And have declined each quarter since. And I suppose you're not interested in discussing small businesses

"Everyone in America is winning" - small business owners would disagree.
 
mqt said:
You continue to base your assumptions on a version of America that was built for decades on relatively free trade without any consideration of what else changes when that baseline does.
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You continue this thought and see an economy that thrives with tariffs in place.
 
mqt said:
Nobody is elected by the whole country. It’s the same people who voted for the Senate and House that voted for Trump.

And that person with personal wealth has spent the past decade bleeding his loyal followers dry through bibles and watches and the aforementioned cryptocurrency.
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A man is allowed to make money even thought I hated the crypto venture.

But the hate you have clouds your judgement.

I’ll be here when there are no material price increases and we have a roaring economy. You should stop listening to idiots they claim tariffs are taxes. Then you may get on the path to understanding global economics.
 
thethe said:
A man is allowed to make money even thought I hated the crypto venture.

But the hate you have clouds your judgement.

I’ll be here when there are no material price increases and we have a roaring economy. You should stop listening to idiots they claim tariffs are taxes. Then you may get on the path to understanding global economics.
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That’s quite the indignant tone from the person saying one person provides less of a concern for corruption than all of Congress.

And I’m not just listening to people on tariffs. I’ve studied it and happen to understand that a duty paid by a private company or individual within that country to the government as a percentage of a transaction is ostensibly a tax, even if you want to call it something else.
 
mqt said:
That’s quite the indignant tone from the person saying one person provides less of a concern for corruption than all of Congress.

And I’m not just listening to people on tariffs. I’ve studied it and happen to understand that a duty paid by a private company or individual within that country to the government as a percentage of a transaction is ostensibly a tax, even if you want to call it something else.
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Only it doesn't seem to be impacting the American consumer. No different than any normal price fluctuation that happens over time.

For the corporation that outsources their labor/production to a foreign nation at the expense of US jobs its certainly a 'make good payment'. But it is absolutely not a tax on consumers. Otherwise, we would be seeing it now and regardless of whatever slop has been posted it just has not been the case.
 
thethe said:
Only it doesn't seem to be impacting the American consumer. No different than any normal price fluctuation that happens over time.

For the corporation that outsources their labor/production to a foreign nation at the expense of US jobs its certainly a 'make good payment'. But it is absolutely not a tax on consumers. Otherwise, we would be seeing it now and regardless of whatever slop has been posted it just has not been the case.
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Do taxes on businesses affect consumers, thethe?

And you’re still doing a lot of victory lapping for how little time has passed and given some of the actions already taken by companies to brace for increases to their production costs.
 
mqt said:
Do taxes on businesses affect consumers, thethe?

And you’re still doing a lot of victory lapping for how little time has passed and given some of the actions already taken by companies to brace for increases to their production costs.
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Things actually get easier over time as sourcing alternatives arise and manufacturers lower costs (more so than they have already) due to increased competition.

Do “taxes” on business effect consumers. Sometimes yes and sometimes no. So far - consumers have seen no material price increase despite record high tariff collections.

But you keep kicking that can down the road. Next month it’ll be wait till next month and so on and so on. When GDP is above 2.5-3 with tariffs in place the backflips will be funny.

But more important we are eeeing real wage increases and actual Americans getting jobs over foreigners. Fantastic guts of an economy are being built which over time will only get stronger.
 
thethe said:
Things actually get easier over time as sourcing alternatives arise and manufacturers lower costs (more so than they have already) due to increased competition.

Do “taxes” on business effect consumers. Sometimes yes and sometimes no. So far - consumers have seen no material price increase despite record high tariff collections.

But you keep kicking that can down the road. Next month it’ll be wait till next month and so on and so on. When GDP is above 2.5-3 with tariffs in place the backflips will be funny.

But more important we are eeeing real wage increases and actual Americans getting jobs over foreigners. Fantastic guts of an economy are being built which over time will only get stronger.
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I have posted probably 20+ examples of costs rising on consumers. Food costs are up. Toys cost are up. Shoes and apparel costs are up. Consumer electronic costs are up. Auto mobile costs are up. You just are ignoring it and saying they aren't. But you are wrong. It is a true blessing for you that you are too scared to respond to me, or else you'd be forced to debate this.

Inflation is higher since liberation day... and historically so. and worse yet, majority of these tariffs got delayed substantially so we haven't seen the worst of it. Luckily, he chickened out on china like we always does
 
mqt said:
How’d that work out for the people telling you that? But by all means, listen to the people telling you that now.
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Nice GDP print
Real wages increaing
Americans getting jobs over foreigners
No material price increases for consumers

What’s not to like?
 
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