Smoot Hawley didn't go into effect until 1931. The Depression had been going on for 2 years at that point, since 1929. You booger eating moron, I've told you this 10 times now.
Did you drop your name tag?
Posted on 03/06/2018 7:48:47 AM PST by Kaslin
We spent $4.5 trillion a year today as the federal government level. How do you propose to cut it to $50 billion or less with no direct taxes? And if we won’t do that (and we won’t), go back to my original question, and answer which way of those 3 is the best type of tax.
He was a poster in the 90s that I thought you and other old-timers might remember. He was a Buchanan guy from dawn to dusk and used to run polls to see who we would support after Clinton was gone.
He became so over-the-top about Buchanan that he went from well like poster to one who offended a lot of people and hence, got banned and became an anti-Freeper.
I always got along with him, but many didn’t.
What a fantastic job of summing up the truth about trade and manufacturing! Notice that very word looks like it came from Free Republic threads on trade and tariffs! Obviously Pat is Freeper.
Mark Levin is a globalist sh— stain.
You’re an idiot. The Nips can stuff their Luxus’s up there Keisters.
Great post sir!
Think of trade deficits as arterial bleeding and import tariffs as a tourniquet.
Smoot Hawley didn't go into effect until 1931. The Depression had been going on for 2 years at that point, since 1929. You booger eating moron, I've told you this 10 times now.
Did you drop your name tag?
Hey -itch, try reading the article before posting your drivel.
If we fund cutting the US corp tax rate to 0 by raising the import tariff to say 15-20% across the board they aren't going to reverse it. We spent $4.5 trillion at the federal level. Currently 10% of that is funded by US production, 89% by consumer taxes and deficit spending and 1% by foreign production. How does that make sense exactly?
Not just steel, cement too.
Neo Con Free Traitors™ are the liberals. Did you even read the article?
I define that as pure evil. Anyone defending that is both evil and a traitor.
Try reading the Constitution you < expletive deleted >.
Article 1 - The Legislative Branch
Section 8 - Powers of Congress
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
There are no Constitutional grounds to claim a right to free trade with other countries, none. Get over it.
Agreed, but the free traders do - and I use to be one of them when I joined this site, is the only reason I have some hope they can learn.
Patriots who put country first, like like President Trump, are blessings. As for Free Traitors™? for them, the bayonet.
What is up with you and the name calling and insults? On another thread you posted to someone to FOAD.
Good grief, grow up and act like an adult.
Your distinction between direct and indirect taxes are useless. All of that money comes from one source me and you. Business only collect taxes they do not pay them. Tariffs are taxes. Consumers me and you pay for it. So the questions is what is the best way to tax? One that is the most efficient and least obtrusive to our freedom. A transaction tax would do it. Similar to a cat but with important differences. It would have problem raising enough revenue.
No, some, if not the majority, of the tariff tax is born by the foreign producer in the forms of lower margins or less wages and only some is partially born by the US consumer. It is a false meme that consumers ultimately pay for all increased cost (or get passed through all decreased cost). The easiest way to prove that is this year, corporate profits will go up more than 10% because of the new tax bill. Want to bet CPI still goes up 2% and doesn’t drop 10%?
It’s not false. You can twist the whole lower margins to say the importer absorbs the hit and sometimes that happens but that only means the margins were extraordinary to start with and would have been beat down soon enough. Or the importer decides to try and ride it out and wait for the domstic producer use the tariff protection to raise their prices at which point the importers price with the tariff will again be competitive.
If your scenario is true then tariffs are not effective at limiting imports and thereby creating good jobs since import prices do not go up. Your secnario means the gov just gets more taxes.
At every point the money comes from US consumers. The fact that the importer gets less does change the fact that the consumer paid for it.
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