IRS
- Thread starter paindonthurt
- Start date
Still don’t know how to reply.
besides your butt fungus tell me why you don’t like trumps tariff policy
You are a hilarious wordsmith. Can I borrow your VHS of America's Greatest Fart jokes? My butt itches too much to explain what tariffs do. Take ECON 101 again.
So you really don’t know why you dislike orange man. I get it. TDS is a strange phenomenon
I dislike...
- the fact that he continues to not understand the fundamental and significant difference between a trade deficit and a subsidy.
- the fact that he thinks the US shouldnt have a trade deficit with any country.
- the various and often conflicting reasons Trump has cited for why the tariffs exist.
- the tariffs he has imposed on goods that cant even be grown domestically.
- the clearly haphazard way in which the tariffs were determined, announced, and explained.
- the fact that Trump thinks billions in tariffs are flowing into our economy when that is largely a result of people in the US paying more for products.
- the obvious lies that he and his Administration have continually made with regard to how many deals are done or being requested.
- the total chaos the constantly changing tariffs do to international trade relations and our country's economic outlook.
- the very tenuous justification he has based all these tariffs on.
Tariffs eventually increase the cost of goods, and therefore also services, to the consumer. This can happen quickly or it can happen slowly, depending on many factors.
Tariffs are largely ultimately paid for by consumers of the country that imposed the tariff.
The recent Brazil threats highlight so much of this stupidity.
- Bolsonaro was accused of trying to overthrow an election and was on trial.
- Trump threatened a 50% tariff on Brazil and cited Bolsonaro's trial as part of the reason.
- Trump then incorrectly claimed, as further justification for the tariff, that the US had a trade deficit with Brazil, when it had a $7.4B trade surplus last year.
The people who will ultimately pay more for Trump lashing out over Bolsonaro being tried...are US consumers. He will financially hurt US consumers because he feels Brazil is being unfair to Bolsonaro.
Hopefully you actually respond to this post and dont do your usual 'TLDR' comment when faced with info that doesnt support your narrative.
I’ll try to be clearer and more concise than you.
I don’t like the entirety of trumps tariff policy. Don’t think you can depend on tariffs for federal revenue.
Didn’t like his scorched earth approach either.
But we absolutely had to fight back. Especially against countries that are our strategic enemies (CHINA). You can’t depend on your enemies for a large portion of what you need to make finished goods.
But like I said early on, I’m gonna judge him by the results and not his methods.
Why the 17 did you use a facepalm emoji? You asked what isnt to like about Trump's tariffs and I listed a ton of things that I, and many in America(based on polling and not just op-eds) strongly dislike.
I’ll try to be clearer and more concise than you.
I don’t like the entirety of trumps tariff policy. Don’t think you can depend on tariffs for federal revenue.
Didn’t like his scorched earth approach either.
But we absolutely had to fight back. Especially against countries that are our strategic enemies (CHINA). You can’t depend on your enemies for a large portion of what you need to make finished goods.
But like I said early on, I’m gonna judge him by the results and not his methods.
You then facepalm emoji and type out comments that show you also dislike things.
If we had to fight back against our strategic enemies, then fight back against our strategic enemies. Instead, he wildly tariffed uninhabited islands, an island that is just a US Military base, tariffed trusted trade partners, and more.
He hasnt done what you claim had to be done- he has done the total opposite and tariffed everyone. Also, he hasnt remained firm in his tariffing of our strategic enemies because he has caved multiple times by lowering tariffs and pushing out start dates.
I’ll do it again bc this post deserves it too
You rabble on and and on and I basically agreed with part of your post and then you come back disagreeing with what I agreed to.
I disagree with parts of Trumps tariff policy and agree with parts. Sounds like I disagree with some of the same stuff you disagree with
.but I’m gonna judge him by the results and not 5 to 6 months in.
Like other taxes, you can't really know who bears the burden of them without some examination of the market in question.
As with all taxes, there will be some deadweight losses where beneficial trade/production just does not occur because of the taxes and other costs will be split in some manner among employers, employees, and consumers. And as with other taxes, a lot of the costs will be unknown because you don't really know what the deadweight losses cost over time and what is lost because of them.
I'm triggered, I have TDS, I need to cry more/harder, TLDR (FYI I mentioned several things earlier), and some other dated MAGA slogans.
As someone who deal with the IRS probably more frequently than the average SPSer, I can confirm that it has always been difficult to get support and help through their phone system.
But it is much tougher now.
But it is much tougher now.
Several are in the thread you responded to with TLDR. You have to read no matter how hard that might be.
First off, I said 'largely paid for by the consumers' because I recognize it is not a 100% full pass thru to the consumer.
So you are just expanding on something I already acknowledged.
Additionally though, while some of the cost could be absorbed by the company, there are other situations where consumers pay more because companies use the price increase as an opportunity to add profit to the price increase.
So it can actually be ultimately even worse.
The runon sentence of your second paragraph is nonsensical. You claim beneficial trade won't happen and call that 'deadweight' even though it is beneficial. And then you say other costs will be split amongst various groups while not saying what you are even talking about.
Reread it. Maybe start with this book. It'll give you the confidence to read longer passages.
Yes, when beneficial trade doesn’t happen because of taxes, that’s called a deadweight loss. And the taxes will be split between market participants depending on the elasticity of different supply/demand curves.
Thank you for clarifying. I interpreted your earlier post as saying deadweight loss is beneficial, and that confused me.