Posted on 07/24/2018 4:51:13 PM PDT by E. Pluribus Unum
Yeah. I can see a small country that produced it’s own neccessities functioning better ubder a tariff than an income tax.
I’d rather seeonlt cosumption taxes, but at least an income tax is apparent to the taxpayer. “Hey! Look at the tax I’m paying! Throw those bums out!”
More than what?
I don’t doubt you.
A lot of the price increases are due to hurricane damage in the same period. I own a construction company and imho price increases are more to do with demand than the tariffs. Also again I’d rather pay more for products and materials than pay welfare checks.
Selling more lumber to Canada would RAISE prices for our lumber since there would be more demand for it.
Our original tariff had several aspects: it was a protectionist tariff to establish industries critical to the new nation; it was a revenue tariff to fund the federal government.
At that time it was impossible to have any other means of raising revenue, other than land sales so the tariff was the tool turned to.
It has always been manipulated by various economic forces and subject to immense corruption as the political history of the 1800s shows.
A lot of that price is due to enviro-nuts, like in Oregon.
Why? Tariffs are a jobs program/welfare too.
At least if we have an explicit jobs program we can see how much it costs everyone and it won't distort the market by favoring one industry over the next.
>>>A lot of that price is due to enviro-nuts, like in Oregon.
What environmental change that the Trump administration would have had to approve is driving the price increase?
I think the last 40 years proves you wrong. Free trade is a two way street or it isn’t free trade.
Big difference in higher p[rices to do business and a large portion of business disappearing for a short while....I’d wager that those looking for a downside would be screaming holy hell if they were in the position of the farmers and there was no relief ....always wrong for someone else and always perfectly fine when it benefits the individuals.....similar to the “We need this but NIMBY” crowd ....of which fat Teddy Kennedy was part.
Maybe they can get some of the new steel worker jobs?
“Do you agree that the homebuilders should be compensated for their losses in this trade war?”
Where did you get such a left handed idea? Soybean farmers are directly affected by the tariff, a one-on-one relationship. Homebuilders may be affected collaterally, if at all. Soybean farmers have been getting pinched for years. Homes have been trending up in cost for years, well before any tariffs. I bought some 2x4s yesterday and were surprised at the cost. They were made in an adjoining parish.
The Republican Party will forever struggle to get a majority until it sheds its embrace of so called free trade and carrying the burden of the "Free Traitor™" crowd and returns to its pre WWII protectionist roots. Free Traitors™ are detriment.
>>>Homebuilders may be affected collaterally, if at all
Looks like they are collateral damage.
“U.S. homebuilders are sinking today. Blame that on disappointing economic data and earnings reports that trailed estimates.
The S&P Homebuilding Select Industry Index fell 2.8 percent as of 11:07 a.m. in New York, poised for its biggest drop since early April and its lowest closing level since September.”
All taxes sre bad. Tariffs are bad but voluntary. Income taxes are evil and mandatory.
Good news on EU.
This is how to use tariffs economically- to force more open trade!
Not to distort trade.
They have done nothing that would directly effect costs.
I wasn’t speaking of temporary or short-term ups and downs but of the long-term price.
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