I personally only support tariffs as an economic weapon against our adversaries and countries that are unfairly excluding our own products and I think our current policy is madness.
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Tariffs Explained - Pyramyd AIR Insyder
- Thread starter Airgun Nation
- Start date
These type of investment decisions have nothing to do with tariffs though… they got gigantic tax, regulatory and other benefits negotiated well before they made those decisions. In a few years people will cry about how these companies don’t pay “their fair share” of taxes because of what they negotiated. They literally run beauty contests with different states and municipalities and have them compete for the best deal. Which is well within their rights and even a fiduciary obligation for their boards. But again, has nothing to do with tariffs. We’ll never produce a $700 55inch flatscreen in the US. So we’ll keep buying the same Asian flatscreen but now for $1,100 or whatever.
The two most important points imho:
1. It is a more than naive assumption that a trade imbalance is due to unfair tariffs/practices and that counter tariffs are a cure. There are tons of real historic examples, empirical data and, hence, undisputed consensus in academics that tariffs are a tax on your own people and eventually harmful to your own economy. The only exception are strategic goods and services you should never offshore (energy, defense and such). To make a shirt in the US at a competitive price vs a sweatshop in Asia you need a 3000% tariff or so… and in the end it just means that the consumer can’t buy the cheap shirt anymore.
2. Companies are greedy. And that’s ok because that’s what provides for innovation, progress and growth. But it also means that they’ll use the tariffs as an excuse to hike prices and will never lower them again. Same with “energy costs”, same with “supply chain”, same with “inflation”, same with all the other excuses used to hike prices in the past.
@Vetmx put it right, the life people have today is so much better than 50 years ago in terms of convenience and stuff people can afford in comparison. Like, people used to have one TV in the family room, a color one of you were “rich”. Now there’s a flatscreen on almost every wall in every room. Middle class used to afford one family vacation per year, by car and within reason. Now people fly cheaper than ever and travel the world. All of this is, eventually, due to free global trade. But yeah, it always “was better back then”… Movie recommendation in this regard: Midnight in Paris.
Lads, don’t be fooled. Again, it is undisputed in science/academics that tariffs are a tax on your own people. That they’ll drive inflation. That they’ll shorten supply and that they hit the less fortunate harder than anyone else cause they rely on cheap (and inferior) products more than anybody else. There are real life examples with tons of data to back this up. If we want to sell cars in Europe, easy, let’s build better cars that comply with local regulations more efficiently. Wanna sell beef to Europe or Australia? Easy, stop feeding them growth hormones and comply with the same regs that anyone selling beef in Europe or Australia complies with.
Rant over
The sales tax was put in place in Denmark in 1967 and as they said back then it was just temporary.
Back then it was 9% it is now 25% ( since 1992 ), only beaten by Hungary ( 27 % ) and matched by Sweden and Croatia.
Lowest sales tax in the EU gang is 17% ( Luxembourg )
Add to this the EU also had their dirty little fingers in this now, so even if we could we cant remove this today.
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If you don’t already know some and the source or how to go about achieving it, it’s best to keep instructions from the leech handbook off an open forum. My hunting camp is in the center of a county of leeches. To keep your place from getting robbed you hang a time clock on the front door. It repels them like kryptonite.
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As I explained earlier, broad based tariffs do not work. There is plenty of historical evidence to show just how ineffective and damaging they are. Brazil being the most prominent current example and how poorly their economy functions.
Targeted tariffs are a tool to keep things equitable or as a pry bar to effect change.
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And some of those corporate plans have been in the works since the Obama administrationThese type of investment decisions have nothing to do with tariffs though… they got gigantic tax, regulatory and other benefits negotiated well before they made those decisions. In a few years people will cry about how these companies don’t pay “their fair share” of taxes because of what they negotiated. They literally run beauty contests with different states and municipalities and have them compete for the best deal. Which is well within their rights and even a fiduciary obligation for their boards. But again, has nothing to do with tariffs. We’ll never produce a $700 55inch flatscreen in the US. So we’ll keep buying the same Asian flatscreen but now for $1,100 or whatever.
The two most important points imho:
1. It is a more than naive assumption that a trade imbalance is due to unfair tariffs/practices and that counter tariffs are a cure. There are tons of real historic examples, empirical data and, hence, undisputed consensus in academics that tariffs are a tax on your own people and eventually harmful to your own economy. The only exception are strategic goods and services you should never offshore (energy, defense and such). To make a shirt in the US at a competitive price vs a sweatshop in Asia you need a 3000% tariff or so… and in the end it just means that the consumer can’t buy the cheap shirt anymore.
2. Companies are greedy. And that’s ok because that’s what provides for innovation, progress and growth. But it also means that they’ll use the tariffs as an excuse to hike prices and will never lower them again. Same with “energy costs”, same with “supply chain”, same with “inflation”, same with all the other excuses used to hike prices in the past.
@Vetmx put it right, the life people have today is so much better than 50 years ago in terms of convenience and stuff people can afford in comparison. Like, people used to have one TV in the family room, a color one of you were “rich”. Now there’s a flatscreen on almost every wall in every room. Middle class used to afford one family vacation per year, by car and within reason. Now people fly cheaper than ever and travel the world. All of this is, eventually, due to free global trade. But yeah, it always “was better back then”… Movie recommendation in this regard: Midnight in Paris.
Lads, don’t be fooled. Again, it is undisputed in science/academics that tariffs are a tax on your own people. That they’ll drive inflation. That they’ll shorten supply and that they hit the less fortunate harder than anyone else cause they rely on cheap (and inferior) products more than anybody else. There are real life examples with tons of data to back this up. If we want to sell cars in Europe, easy, let’s build better cars that comply with local regulations more efficiently. Wanna sell beef to Europe or Australia? Easy, stop feeding them growth hormones and comply with the same regs that anyone selling beef in Europe or Australia complies with.
Rant over
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Right, because
A. Members here are not trustworthy.
B. It is super secret and if it got out millions of people would sign up for free money and stop working. Because those government programs that provide support are never promoted by the government or the politicians. Only a scant few individuals have the right knowledge and you aren't telling.
A. Members here are not trustworthy.
B. It is super secret and if it got out millions of people would sign up for free money and stop working. Because those government programs that provide support are never promoted by the government or the politicians. Only a scant few individuals have the right knowledge and you aren't telling.
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Agree pretty much 100%. All worries me as so many really good things are happening right now. I would hate to see that get derailed. This has the potential to do it as what hits our individual pocketbooks is what we all feel the most and can be highly influential.These type of investment decisions have nothing to do with tariffs though… they got gigantic tax, regulatory and other benefits negotiated well before they made those decisions. In a few years people will cry about how these companies don’t pay “their fair share” of taxes because of what they negotiated. They literally run beauty contests with different states and municipalities and have them compete for the best deal. Which is well within their rights and even a fiduciary obligation for their boards. But again, has nothing to do with tariffs. We’ll never produce a $700 55inch flatscreen in the US. So we’ll keep buying the same Asian flatscreen but now for $1,100 or whatever.
The two most important points imho:
1. It is a more than naive assumption that a trade imbalance is due to unfair tariffs/practices and that counter tariffs are a cure. There are tons of real historic examples, empirical data and, hence, undisputed consensus in academics that tariffs are a tax on your own people and eventually harmful to your own economy. The only exception are strategic goods and services you should never offshore (energy, defense and such). To make a shirt in the US at a competitive price vs a sweatshop in Asia you need a 3000% tariff or so… and in the end it just means that the consumer can’t buy the cheap shirt anymore.
2. Companies are greedy. And that’s ok because that’s what provides for innovation, progress and growth. But it also means that they’ll use the tariffs as an excuse to hike prices and will never lower them again. Same with “energy costs”, same with “supply chain”, same with “inflation”, same with all the other excuses used to hike prices in the past.
@Vetmx put it right, the life people have today is so much better than 50 years ago in terms of convenience and stuff people can afford in comparison. Like, people used to have one TV in the family room, a color one of you were “rich”. Now there’s a flatscreen on almost every wall in every room. Middle class used to afford one family vacation per year, by car and within reason. Now people fly cheaper than ever and travel the world. All of this is, eventually, due to free global trade. But yeah, it always “was better back then”… Movie recommendation in this regard: Midnight in Paris.
Lads, don’t be fooled. Again, it is undisputed in science/academics that tariffs are a tax on your own people. That they’ll drive inflation. That they’ll shorten supply and that they hit the less fortunate harder than anyone else cause they rely on cheap (and inferior) products more than anybody else. There are real life examples with tons of data to back this up. If we want to sell cars in Europe, easy, let’s build better cars that comply with local regulations more efficiently. Wanna sell beef to Europe or Australia? Easy, stop feeding them growth hormones and comply with the same regs that anyone selling beef in Europe or Australia complies with.
Rant over
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Am I the only person to see how these conversations keep going round and round and round full circle again?
Something to ponder:
Has anyone ever thought how much a mere 1 Billion dollar pittance is? If you were given $ 2,739.7 dollars EACH DAY to spend it would take 1,000 years to spend it all. Principal only, zero interest added! ONE THOUSAND YEARS! An average human can only comprehend 50 years.
The Global debt is estimated to be 315 Trillion..........According to Forbes, there are 3,028 billionaires in the world that hold a total of 16.1 Trillion. There are also a total of 58 Million millionaires that hold a total of 213 Trillion.
The total Global World debt + wealth including liquid and illiquid assets total 809 Trillion.
No wonder the World Banking System got off using the GOLD STANDARD.........In my small economic mind, I can conclude a large wealth redistribution and an enormous amount of manipulation has been occurring for decades.
Fun times we live?
Something to ponder:
Has anyone ever thought how much a mere 1 Billion dollar pittance is? If you were given $ 2,739.7 dollars EACH DAY to spend it would take 1,000 years to spend it all. Principal only, zero interest added! ONE THOUSAND YEARS! An average human can only comprehend 50 years.
The Global debt is estimated to be 315 Trillion..........According to Forbes, there are 3,028 billionaires in the world that hold a total of 16.1 Trillion. There are also a total of 58 Million millionaires that hold a total of 213 Trillion.
The total Global World debt + wealth including liquid and illiquid assets total 809 Trillion.
No wonder the World Banking System got off using the GOLD STANDARD.........In my small economic mind, I can conclude a large wealth redistribution and an enormous amount of manipulation has been occurring for decades.
Fun times we live?
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I think it will all iron out in the end. It has to or we are screwed. They are not that dumb. I believe it’s all part of the negotiation process. Hopefully we come out at least a little ahead in the areas of most importance.
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BUT - We are seeing additional manufacturing starting to come back due to tarriffs. The plant was already there, but maybe more jobs in it soon?These type of investment decisions have nothing to do with tariffs though…
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Exactly… But I’m not sure as to they are not that dumb… it’s more like, they will not take/feel the hit and don’t care. If you have the means, meaning money and inside knowledge, you can even benefit from this BS, and a lot. It’s us average Joes that are getting screwed cause the stuff we need and/or like is getting more expensive and harder to get, our savings being diluted... I don’t think AEA, JTS or JSB will start producing ammo in the US because of tariffs. I also don’t think FX will start manufacturing in the US (lol). And even if, they’ll still hike prices cause tariffs. It’s a gigantic case of “I’m the smartest guy in the room and you just don’t get it (also I filled the room with bootlickers anyway)”. Textbook Dunning-Kruger man, it’s just sad how this might affect us all.
All that aside, it’s uncertainty and instability that choke businesses, growth and discretionary spending. Who wants to put their money on the table and risk it if you can’t know whether they’ll change the rules 180 degrees tomorrow, just to change them again some 5-6 days later… it’s just insane. Can’t make decisions in such an environment. I mean, I personally stocked up on ammo for I don’t know how many years, probably got some 100k pellets and 30k or so slugs on the shelf by now just because “who knows the craziness that is there to come”…
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If you build a factory, you intend to run it at 100% of its capacity, eventually. They probably just had to build market share but they certainly didn’t put a factory there to run it at 50% capacity long term…
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