New higher Tariffs from trade talks - Page 22
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  1. #421
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    Quote Originally Posted by Ries View Post
    Value Added Taxes, whether in Canada, Europe, or South America, are legislated, and debated by a wide range of elected officials before being instituted, and are permanent, clearly defined, and apply to everyone.
    You can plan a business, price products for the long term, and expect them to pretty much remain the same.
    The income from VAT is also predictable, and the legally elected parliaments and congresses can plan on how to spend them, and allocate them to specific things which, often, help the people- health care, job training, subsidizing essential industries, etc.

    Trump's tariffs, on the other hand, are arbitrary, unplanned, come and go on a whim, and not part of any nationally agreed upon industrial policy.
    he just does whatever the hell he wants, whenever the hell he wants, based on gut feelings.

    And, the income from these tariffs, which is essentially a tax on the american people, just goes into Trumps slush fund- we dont know how much there is, what its gonna get spent on, when the spigot might stop- its just anarchy.

    the Canadian and Mexican steel tariffs were removed in May- but not in response to any "actual fair trade deals". Not for any traceable reason. Just because.

    VAT applies to everything in most countries that have it- but its pretty transparent. I live in Argentina part of the year, which has a 21% VAT- and its a non-issue- its included in every price, it has been for a long time, nobody even thinks about it- its just part of the price. No big deal. It applies to everything you buy, its not political, or aimed at any particular market segment or country. Most people prefer it to income taxes.
    Taxation without representation.

  2. #422
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    Quote Originally Posted by Miguels244 View Post
    Taxation without representation.
    And the meaning of that little phrase in this context is.... what, exactly?

    Australia has a GST (Goods & Services tax) currently set at 10%. The Govt that brought it in went to an election proposing it and spelt out how it was going to work.

    They won the election and we have a GST.

    Just how is doing this taxation without representation?

    This is your cue to start wiggling and doing everything you can to avoid actually taking a position so you can keep carping from the sidelines.

    PDW

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  4. #423
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    Quote Originally Posted by PDW View Post
    And the meaning of that little phrase in this context is.... what, exactly?

    Australia has a GST (Goods & Services tax) currently set at 10%. The Govt that brought it in went to an election proposing it and spelt out how it was going to work.

    They won the election and we have a GST.

    Just how is doing this taxation without representation?

    This is your cue to start wiggling and doing everything you can to avoid actually taking a position so you can keep carping from the sidelines.

    PDW
    The tarrifs.
    Unilateral, arbitrary, and well, he doesn’t represent the citizens, he represents the electoral college.

  5. #424
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    Quote Originally Posted by Miguels244 View Post
    The tarrifs.
    Unilateral, arbitrary, and well, he doesn’t represent the citizens, he represents the electoral college.
    So, OK, absolutely no connection with Ries' explanation of how VAT works, despite the fact that you quoted him in full. Just a random finger-jerk.

    Got it.

    WRT tariffs, your Congress & Senate gave the Prex the power and they can also take it away again. So, sure, it's on him on how he (ab)uses it right now, but the legislative branch is complicit.

    It's not that he's applying tariffs anyway, it's that he's doing it in a totally arbitrary, capricious and plain STUPID manner. One can make quite good arguments in favour of applying tariffs to Chinese manufactures, less so to commodities like aluminium & steel.

    PDW

  6. #425
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    Quote Originally Posted by PDW View Post
    So, OK, absolutely no connection with Ries' explanation of how VAT works, despite the fact that you quoted him in full. Just a random finger-jerk.

    Got it.

    WRT tariffs, your Congress & Senate gave the Prex the power and they can also take it away again. So, sure, it's on him on how he (ab)uses it right now, but the legislative branch is complicit.

    It's not that he's applying tariffs anyway, it's that he's doing it in a totally arbitrary, capricious and plain STUPID manner. One can make quite good arguments in favour of applying tariffs to Chinese manufactures, less so to commodities like aluminium & steel.

    PDW
    Our congress has been handing off power for 40 years or so.
    The republicans actually like the unitary executive...even when President Obama was welding it they could use it as a foil.


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