Further that 100k would be on products impacted by tariffs too which makes it even less likely
Economics Thread
- Thread starter sturg33
- Start date
sturg33
I
the analysis was released in December
taxfoundation.org
Tracking the Economic Impact of the Trump Tariffs
The tariffs amount to an average tax increase of $1,200 per US household in 2025.
taxfoundation.org
Thats great that you picked up a new analysis and not the 1k piece htat was repeated multiple times without realizing it was a 2019 study.
I'll dive into it today but I'm not shocked the tax foundation developed a study that shows this increase.
Similar to the studies by health care experts during Covid projecting deaths without vaccination.
I'll dive into it today but I'm not shocked the tax foundation developed a study that shows this increase.
Similar to the studies by health care experts during Covid projecting deaths without vaccination.
- Historical evidence and recent studies show that tariffs are taxes that raise prices and reduce available quantities of goods and services for US businesses and consumers, resulting in lower income, reduced employment, and lower economic output.
Lower incomes and lower economic output eh?
Great start!
sturg33
I
Again what are you talking about i never mentioned anything about 2019. I didn't bother posting it when you asked the 1st time because I knew you would simply dismiss it which of course you did exactly that. What's the point
You guys kept quoting a study from 2019. Thats my point and you know it.
How many times did you reference 1k exactly?
High level in the analysis they said lower incomes and lower growth.
Whoops. Looks like some great conclusions.
sturg33
I
I referenced over $1k bc i didn't remember the exact number nor do I believe it is a science to get to a precise number
And again, tariffs have nothing to do with higher wages, and yes growth would be higher absent a massive tax hike on our citizens and businesses.
But once again, you are presented with data that you flatly refuse to believe, while simultaneously telling everyone they're wrong absent of data
And again, tariffs have nothing to do with higher wages, and yes growth would be higher absent a massive tax hike on our citizens and businesses.
But once again, you are presented with data that you flatly refuse to believe, while simultaneously telling everyone they're wrong absent of data
Why don't you tell me how the 'study' evaluated the impact.
Would love to see how you would compare that to actual price points.
Well you don't actually understand how they do it. You just blindly quote them.
Prentending that this is better than real time prices is hysterical.
zitothebrave
Connoisseur of Minors
Because people are in debt up to their eyeballs. Be it credit cards, mortgages, student loans, auto finance, etc.
Yeah you make more money than 6 years ago. But compare the used car market to now, hell even the new car market. Compare the housing market to 6 years ago. Real costs have shot up for average americans way more than inflation. Interest rates can be insane. Not everyone can afford to spend 600 a month on a car loan to get 0% financing. And then drop 2K to get winter tires and registration.
Debt is a harsh mistress. If you wind up in the wrong kind of debt and don't manage it well (here's a hint, so many student loans were highly predatory and no one knew it at the time and weren't advised about how terrible it was) Credit Cards can get there too. If you manage thme well youc an turn Credit Cards into profit for you, but if you can't you can get reamed. It happened to me and getting out of that sucked.