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How hard is inflation going to hit, or has hit?

MuntCuffin said:
Even more so when we've disabled ourselves with dumbass regulations and taxes.
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when people in power don't understand basic economics then those people deserve to have their power base collapse

that I'm underneath those people who deserve to have their power removed from them doesn't really play into that calculation, because economics is entirely uncaring
 
also on the slave labor side of things; ain't as big a factor as it's made out to be
slavery cannot compete on production efficiency for the same reason command economy cannot compete with a distributed free market

all the individual pieces of the puzzle are less efficient, so the whole cannot help but be worse off no matter its overall size
offsetting the lessened efficiency with additional bulk doesn't really work since resources are scarce
 
[486] said:
also on the slave labor side of things; ain't as big a factor as it's made out to be
slavery cannot compete on production efficiency for the same reason command economy cannot compete with a distributed free market

all the individual pieces of the puzzle are less efficient, so the whole cannot help but be worse off no matter its overall size
offsetting the lessened efficiency with additional bulk doesn't really work since resources are scarce
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This. Slave labor makes union fuckwads look like go-getters.
 
gunracer1 said:
more fear mongering bull shit. if and and butts crap.
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It happened, albeit delayed, the last time. It will happen again this time.

Last time, retailers, importers, and manufacturers took margin losses on imports to do everything they could to keep pricing relatively stable because they hoped the tariffs were temporary. Once that hope dissolved, prices went up. This time, there won't be any hope of temporary hardship; prices will go up immediately.
 
gunracer1 said:
more speculation, i know orange man bad. but at least wait till something really happens.
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It already did. Isn't that the MAGA mantra, we know what he'll do because he already did it? Well, we know what will happen because he already did it. It's not speculation; it has already happened.
 
ApeEater said:
It happened, albeit delayed, the last time. It will happen again this time.

Last time, retailers, importers, and manufacturers took margin losses on imports to do everything they could to keep pricing relatively stable because they hoped the tariffs were temporary. Once that hope dissolved, prices went up. This time, there won't be any hope of temporary hardship; prices will go up immediately.
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Actually.... At least according to one report (Stossel, I think), China paid the tariffs last time... to prevent the prices from hitting the supply chain and decreasing demand.
 
rockota said:
Actually.... At least according to one report (Stossel, I think), China paid the tariffs last time... to prevent the prices from hitting the supply chain and decreasing demand.
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I covered that already in the second paragraph you quoted. They took the hit initially by reducing margins, hoping the tariffs would be temporary. Then, they offshored some factories to Vietnam and other AsiaPAC countries, pocketed a 20% price increase, and still undercut the 25% tariff.
 
ApeEater said:
I covered that already in the second paragraph you quoted. They took the hit initially by reducing margins, hoping the tariffs would be temporary. Then, they offshored some factories to Vietnam and other AsiaPAC countries, pocketed a 20% price increase, and still undercut the 25% tariff.
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You said

retailers, importers, and manufacturers took margin losses

That's not the same as the Chinese government paying the tariffs on behalf of the supply chain. Which is what the report claimed.
 
rockota said:
You said

retailers, importers, and manufacturers took margin losses

That's not the same as the Chinese government paying the tariffs on behalf of the supply chain. Which is what the report claimed.
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The report is 100% wrong. The Chinese government did not pay any tariffs. There's not even a mechanism that could facilitate that. Importers pay tariffs. Sometimes at the time of disembarkment and sometimes upon retail sale if the importer has established an FTZ to defer tariff payments.

The only way the PRC could have paid tariffs was by writing checks to importers, which it did not do.
 
Is it true that we still have to pay a 100% tariff to sell vehicles in Europe? What i listened to said it was started after WW2 to help them rebuild.

We don't have the balls as a nation to kick our habit of cheap stuff Chn- ya. Which IMO is dangerous, if have of what they say is true. Like, copying our designs, having malware in the transformers, and nearly all of pharma is from there.
 
DannyK said:
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Anyone who doesn't see this happening is a smooth brain. Any taxes and fees are passed onto the consumer. Advocating for tarrifs is advocating for price increases and is the same logic as "we need to heavily tax carbon producers to drive consumer habits" that the greenies use.


I would be in favor of tarrifs IF:
We drastically gutted like 99% of the Central government
100% eliminated the income tax

Neither of those will realistically happen, and it will only drive up prices for everyone and minimal industries would actually be onshored.
 
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Slander said:
Anyone who doesn't see this happening is a smooth brain. Any taxes and fees are passed onto the consumer. Advocating for tarrifs is advocating for price increases and is the same logic as "we need to heavily tax carbon producers to drive consumer habits" that the greenies use.
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but if the proposal of a tariff makes them drop their tariffs we get cheaper products. lots of ways it can go.
 
gunracer1 said:
but if the proposal of a tariff makes them drop their tariffs we get cheaper products. lots of ways it can go.
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And what if they counteract with raising their tarrifs? Read up on trade wars.

Also expand on how they have a lower fee for our stuff that gets imported to their country, and how that results in lower prices here.
 
Slander said:
Anyone who doesn't see this happening is a smooth brain. Any taxes and fees are passed onto the consumer. Advocating for tarrifs is advocating for price increases and is the same logic as "we need to heavily tax carbon producers to drive consumer habits" that the greenies use.
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Fuck you and your covid bullshit. He placed the same fucking tariffs the last time.....and OMG, none of the claimed bullshit happened then either. If it had not been for a the sham of an election and he had another 4 years, he'd crushed China. Fuck he had them to the point he sold them rice. He sold a chinaman rice. Stop, read that again but real slow.
 
Thumping said:
Fuck you and your covid bullshit. He placed the same fucking tariffs the last time.....and OMG, none of the claimed bullshit happened then either. If it had not been for a the sham of an election and he had another 4 years, he'd crushed China. Fuck he had them to the point he sold them rice. He sold a chinaman rice. Stop, read that again but real slow.
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You are seriously retarded if you think the prices now aren't connected to the money printed during covid and actually back to 2008. Stop being hysterical and read up on how making more of something power it's value, in this case it's dollars.
 
Thumping said:
Fuck you and your covid bullshit. He placed the same fucking tariffs the last time.....and OMG, none of the claimed bullshit happened then either. If it had not been for a the sham of an election and he had another 4 years, he'd crushed China. Fuck he had them to the point he sold them rice. He sold a chinaman rice. Stop, read that again but real slow.
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The tariffs he placed last time are still in effect. It's probably the only EO that Biden didn't overturn.
 
Okay....for you cheep asses.

You have an idea for a product. You do the R&D. You get things tooled up. You go through all the permits etc. You start making your product.

Nitwit down the street sees your product and decides he can import it from some shit hole, sell for half your price and still turn a profit.

You're okay with that?

Or, tariffs get put on them. Sure you can import it but you're going to pay 150% tariff. Now, all of nitwits profits are gone.

Still pissed and disagree with the tariff?
 
Slander said:
You are seriously retarded if you think the prices now aren't connected to the money printed during covid and actually back to 2008. Stop being hysterical and read up on how making more of something power it's value, in this case it's dollars.
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I have no doubt that the printing of money helped drive inflation but, inflation started climbing really fast before the printers got put into overdrive. Then it just compounded the effect. We have been running right at 20 to 25% inflation for the last 3 years.
 
Thumping said:
Okay....for you cheep asses.

You have an idea for a product. You do the R&D. You get things tooled up. You go through all the permits etc. You start making your product.

Nitwit down the street sees your product and decides he can import it from some shit hole, sell for half your price and still turn a profit.

You're okay with that?

Or, tariffs get put on them. Sure you can import it but you're going to pay 150% tariff. Now, all of nitwits profits are gone.

Still pissed and disagree with the tariff?
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Nice appeal to emotion fallacy there
Thumping said:
I have no doubt that the printing of money helped drive inflation but, inflation started climbing really fast before the printers got put into overdrive. Then it just compounded the effect. We have been running right at 20 to 25% inflation for the last 3 years.
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What has been happening since the market crash of 2008?

I still don't see how a retalitory tarrif on something made in China would lower prices, in your above example you are advocating for higher consumer prices. Please expound how tarrifs and higher cost of doing business and labor will lower product costs for the consumer and lead to price deflation.
 
Slander said:
Nice appeal to emotion fallacy there

What has been happening since the market crash of 2008?

I still don't see how a retalitory tarrif on something made in China would lower prices, in your above example you are advocating for higher consumer prices. Please expound how tarrifs and higher cost of doing business and labor will lower product costs for the consumer and lead to price deflation.
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The list of goods becoming cheaper after they are taxed by the government, is very, very short. A very round number, actually.

All tariffs do is protect selected industries at the expense of everyone else, who pay higher prices and suffer from limited competition.
 
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