Tariffs, Protectionism, Trade Deficits, and Trade War

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SuburbanFarmer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by SuburbanFarmer » Sun Aug 12, 2018 1:52 pm

Zlaxer wrote:
Sun Aug 12, 2018 1:44 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 7:06 am
Zlaxer wrote:
Sun Aug 12, 2018 5:41 am


I know you’re not this dumb - the point of the tarriifs is to increase wages in the US. Why you so pro Slave labor?
Can you define how a tariff puts any upward pressure on wages?

Tariffs are designed to make foreign goods more expensive than domestic goods, which in turn, makes it more profitable to manufacture the goods locally. Thus, the demand for labor goes up, which in turn, increases wages (not counting automation - I don't want to go down that route in this thread).

Manufacturers are already selling their goods at the highest price than can get - increasing labor costs then has to come out of profit margins...not out of higher prices.

Domestic manufacturers would collectively have to raise prices to match the foreign goods....but someone always undercuts...which opens the flood gates..
Correct. So you’re looking at a broken window fallacy.

“We can sell more stuff, because they can’t sell it here”. Fine, until they all raise their prices to match - which they always will.

Now everybody is paying more, and the domestic companies have higher profits, for the same production.

Next, quality suffers because there’s no reason to try so hard. Now the consumer has a choice between shitty domestic stuff (beer, cars, whatever) vs slightly more expensive foreign stuff of higher quality.

End result: profits, and tax revenue, but no change in wages or production.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

Zlaxer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by Zlaxer » Sun Aug 12, 2018 1:57 pm

SuburbanFarmer wrote:
Sun Aug 12, 2018 1:52 pm
Correct. So you’re looking at a broken window fallacy.

“We can sell more stuff, because they can’t sell it here”. Fine, until they all raise their prices to match - which they always will.

If that happens, then go get a bunch of your friends and start a business to undercut them and make $$$,$$$,$$$.00.

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Speaker to Animals
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by Speaker to Animals » Sun Aug 12, 2018 1:58 pm

Zlaxer wrote:
Sun Aug 12, 2018 1:57 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 1:52 pm
Correct. So you’re looking at a broken window fallacy.

“We can sell more stuff, because they can’t sell it here”. Fine, until they all raise their prices to match - which they always will.

If that happens, then go get a bunch of your friends and start a business to undercut them and make $$$,$$$,$$$.00.
They really do not understand supply and demand.

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SuburbanFarmer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by SuburbanFarmer » Sun Aug 12, 2018 2:34 pm

Speaker to Animals wrote:
Sun Aug 12, 2018 1:58 pm
Zlaxer wrote:
Sun Aug 12, 2018 1:57 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 1:52 pm
Correct. So you’re looking at a broken window fallacy.

“We can sell more stuff, because they can’t sell it here”. Fine, until they all raise their prices to match - which they always will.

If that happens, then go get a bunch of your friends and start a business to undercut them and make $$$,$$$,$$$.00.
They really do not understand supply and demand.
Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

Zlaxer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by Zlaxer » Sun Aug 12, 2018 2:47 pm

SuburbanFarmer wrote:
Sun Aug 12, 2018 2:34 pm
Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
Or, you could go convince some VCs that there's a serious opportunity to make some $$$ if they can front the seed cash to set up a factory and hire a bunch of autoworkers from Chevy, Ford, BMW...etc....

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clubgop
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by clubgop » Sun Aug 12, 2018 4:53 pm

SuburbanFarmer wrote:
Sun Aug 12, 2018 2:34 pm
Speaker to Animals wrote:
Sun Aug 12, 2018 1:58 pm
Zlaxer wrote:
Sun Aug 12, 2018 1:57 pm



If that happens, then go get a bunch of your friends and start a business to undercut them and make $$$,$$$,$$$.00.
They really do not understand supply and demand.
Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
Because undercut and Tesla go hand in hand. :doh:

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SuburbanFarmer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by SuburbanFarmer » Sun Aug 12, 2018 5:19 pm

clubgop wrote:
Sun Aug 12, 2018 4:53 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 2:34 pm
Speaker to Animals wrote:
Sun Aug 12, 2018 1:58 pm


They really do not understand supply and demand.
Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
Because undercut and Tesla go hand in hand. :doh:
A $30,000 electric car that drives itself, and has a 300-mile range?

Have you seen what you can buy from the others for $30,000?
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

Okeefenokee
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by Okeefenokee » Sun Aug 12, 2018 5:33 pm

SuburbanFarmer wrote:
Sun Aug 12, 2018 5:19 pm
clubgop wrote:
Sun Aug 12, 2018 4:53 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 2:34 pm


Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
Because undercut and Tesla go hand in hand. :doh:
A $30,000 electric car that drives itself, and has a 300-mile range?

Have you seen what you can buy from the others for $30,000?
Those cars are garbage. Go read some consumer reviews. They are shit.

And the customer service is just what you'd expect from the guy that made paypal.
GrumpyCatFace wrote:Dumb slut partied too hard and woke up in a weird house. Ran out the door, weeping for her failed life choices, concerned townsfolk notes her appearance and alerted the fuzz.

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SuburbanFarmer
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by SuburbanFarmer » Sun Aug 12, 2018 5:48 pm

Okeefenokee wrote:
Sun Aug 12, 2018 5:33 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 5:19 pm
clubgop wrote:
Sun Aug 12, 2018 4:53 pm


Because undercut and Tesla go hand in hand. :doh:
A $30,000 electric car that drives itself, and has a 300-mile range?

Have you seen what you can buy from the others for $30,000?
Those cars are garbage. Go read some consumer reviews. They are shit.

And the customer service is just what you'd expect from the guy that made paypal.
My dad got one this week. It’s freaking amazing.

Model 3, not the expensive S or X.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

https://youtu.be/CYbT8-rSqo0

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clubgop
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Re: Tariffs, Protectionism, Trade Deficits, and Trade War

Post by clubgop » Sun Aug 12, 2018 5:59 pm

SuburbanFarmer wrote:
Sun Aug 12, 2018 5:19 pm
clubgop wrote:
Sun Aug 12, 2018 4:53 pm
SuburbanFarmer wrote:
Sun Aug 12, 2018 2:34 pm


Sure. Let’s say that I wanted to undercut a major industry, like autos.

I just need 100 million in capital or so, come up with a better product, and.... Elon musk. Notice how fast they’re rolling out the attacks on him now. He’s vilified. And that’s only because they can’t come up with a new regulation fast enough.
Because undercut and Tesla go hand in hand. :doh:
A $30,000 electric car that drives itself, and has a 300-mile range?

Have you seen what you can buy from the others for $30,000?

Pay no attention to the subsidies, insurance, and maintenance cost.