President Trump’s predecessors learned about tariffs the hard way

Discussion in 'Current Events' started by atheiststories, Jan 27, 2017.

  1. atheiststories

    atheiststories Active Member

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    Tariffs don't work. They never do. It "saves jobs" but only if you don't look at all of the math. Those who don't study history are doomed to repeat it, but those that do are doomed to watch others repeat it.

    "In March 2002, President George W. Bush imposed a 30% tariff on Chinese steel. The results were chaotic. In a report put out by Consuming Industries Trade Action Coalition in February of that year, the coalition found the tariffs against China boosted the overall prices of steel and cost the U.S. 200,000 jobs in businesses that buy steel, representing $4 billion.

    In another recent situation, in September 2009, President Obama imposed a three-year tariff on car tires from China. Chinese imports went down, but the tires were simply sourced from other countries, the LA Times noted. According to the Peterson Institute for International Economics, 1,200 tire jobs were saved in the U.S., but through costs passed along to American consumers, 2,500 jobs were lost indirectly."

    http://finance.yahoo.com/news/presi...ned-about-tariffs-the-hard-way-180438688.html
     
  2. lemmiwinx

    lemmiwinx Well-Known Member Past Donor

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    Trump's throwing a monkey wrench into the world wide whatever and hoping it comes out OK. It's like he said to black people what do you have to loose by voting for me vs Hillary?
     
  3. Margot2

    Margot2 Banned

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    You can't tell Trump that tariffs don't work...
     
  4. atheiststories

    atheiststories Active Member

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    Pesky secret service.
     
  5. jackdog

    jackdog Well-Known Member

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    so you think it is cheaper to pay unemployment ad welfare to people because they don't have a job then pay an extra 100 bucks for your IPhone?

    With unemployment you get the crime and all the social issues that goes hand in hand with living in state sponsored poverty and who is is paying for that ? The working class who do not live in poverty, what we need are more jobs and better jobs for more workers. Not only would higher paying jobs save us on wasted tax payer dollars but the employed people could move up and start paying taxes instead of absorbing them

    I guess there are some that think that living on the government dependence plantation is ok, but I would bet if most there now would prefer to have a job so they could pay that extra 100 bucks for their IPhone instead of selling drugs on the corner. Taking pride in ones accomplishments transcends all skin colors and religions
     
  6. liberalminority

    liberalminority Well-Known Member

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    tariffs would work if congress wasn't bought and paid for by free trade rich people.

    America can make its own stuff, does not need mexico or germany to sell us anything while half of the country is on minimum wage and welfare.
     
  7. Sushisnake

    Sushisnake Active Member

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    Since both examples were of tariffs imposed on Chinese imports, I wonder if both Presidents were motivated by playing politics rather than economics. The chant of "The Chinese are taking all our jobs" breaks out pretty regularly. Hell, a guy just won a Presidential election by cashing in on it.

    Angry people like to see the countries that stole their jobs punished.They would have cheered. And by the time the true cost of the tariffs to Americans came out, those angry people had moved on and weren't listening anymore.

    I could be wrong, but I've seen some outrageously stupid, hideously expensive economic decisions made for purely political reasons. Like an election promise to build submarines we don't apparently need that will be obsolete before they hit the water in a city called Adelaide because it's a swing seat, and seeing an entire government department shifted from the city where it needed to be to a regional town hundreds of miles away because the politician needed a big symbolic win to show his electorate in an election year.

    Who knows? It's possible tariffs can and do work to protect jobs in an economically responsible manner, but not the way our politicians use them because it's not about economics in the first place.
     
  8. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Make eVerify mandatory for employment and ALL government benefits. Then take away their ability to keep legitimate jobs with phony, underage or stolen social security numbers. The SSA and IRS are all too well aware of multiple people using a single social security number. With modern computer databases, it wouldn't be hard to pluck out all the duplicate, non issued or under age users excepting the original issuee. Then send notices to their employers the duplicate users payments are coming from that there appears to be an error and they must verify the social security number within 30 days or face massive fines and jail time. Then move on to the Individual Taxpayer Identification Number filers, requiring them to provide their valid visa's allowing them to remain legally in the country, send notices to their employers the ITIN employee payments are coming from must verify the employee's valid visa within 30 days or face massive fines and jail time. Compile a list of those failing to provide the valid visa's and investigate if they are in the country legally, if not deport them.

    It's not rocket science.
     
  9. atheiststories

    atheiststories Active Member

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    Okay, first off, you clearly do not work with data. It is not easy to get accurate data on things like the life status of a SS# holder. People can hold two jobs, so your duplicate search is not feasible. What keeps employers from simply not reporting? Fines? Jail? Lol so we're basically making all under the table work illegal, which is a massive regulation on all of us, especially on small business.
     
  10. PoliticalHound

    PoliticalHound Banned

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    Depends what "stuff" you make. It is unrealistic and impossible to make everything. Have to import.
     
  11. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    You clearly don't know anything about Microsoft SQL Server do you. The search is simple. They pull all instances of the same social security numbers with different names from the original issuee. Duplicates are pulled for further scrutiny. How exactly does someone working in California have a second full time job in Florida. That's quite a commute everyday.
     
  12. Questerr

    Questerr Banned

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    And what happens when Apple instead decides that it's cheaper to buy an iPhone building robot than pay the cost for US workers to make them?

    - - - Updated - - -

    Have ever taken even basic economics? Ever heard of "comparative advantage"?
     
  13. atheiststories

    atheiststories Active Member

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    Easy, they work for a ski resort in Utah, and fly to New York part way through the year. And image the millions of people who carelessly spelled their name with a middle initial on one application and omitted it on the other. Or the people with the same name. And you never addressed the fact that employers could just skip the process all together.

    Yeah, so again, just because you understand how to pull a query doesn't mean that you know how to solve the world's problems.
     

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