Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

False. Just absolutely false. Selected and strategic tariffs, but not the blanket tariffs trump is trying to impose. Smoot-Hawley, anyone? Anyone?

See, you don't realize that tariffs were a major source of government revenue prior to the imposition of the income tax.

Smoot-Hawley wasn't the problem. The Great Depression stemmed from a massive expansion of credit. If Smoot-Hawley had been the issue, the Great Depression would have ended immediately after its repeal. Funny, that didn't happen.

Yes, a VAT or sales tax is a source of government revenue. Where does the money come from? From the consumer. From the domestic consumer.

Tariffs are akin to the VAT or sales tax. They are paid for by the consumer, the domestic consumer. Us.

You're changing the subject. I never said it didn't come from the consumer. I said it was superior to an income tax, which comes from the producer, which is even worse.

Also, tariffs don't crash the economy. Dems need to calm down and pretend like they are the end of the world. They're not.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

False. Just absolutely false. Selected and strategic tariffs, but not the blanket tariffs trump is trying to impose. Smoot-Hawley, anyone? Anyone?

See, you don't realize that tariffs were a major source of government revenue prior to the imposition of the income tax.

Smoot-Hawley wasn't the problem. The Great Depression stemmed from a massive expansion of credit. If Smoot-Hawley had been the issue, the Great Depression would have ended immediately after its repeal. Funny, that didn't happen.

Yes, a VAT or sales tax is a source of government revenue. Where does the money come from? From the consumer. From the domestic consumer.

Tariffs are akin to the VAT or sales tax. They are paid for by the consumer, the domestic consumer. Us.

You're changing the subject. I never said it didn't come from the consumer. I said it was superior to an income tax, which comes from the producer, which is even worse.

Also, tariffs don't crash the economy. Dems need to calm down and pretend like they are the end of the world. They're not.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

False. Just absolutely false. Selected and strategic tariffs, but not the blanket tariffs trump is trying to impose. Smoot-Hawley, anyone? Anyone?

See, you don't realize that tariffs were a major source of government revenue prior to the imposition of the income tax.

Smoot-Hawley wasn't the problem. The Great Depression stemmed from a massive expansion of credit. If Smoot-Hawley had been the issue, the Great Depression would have ended immediately after its repeal. Funny, that didn't happen.

Yes, a VAT or sales tax is a source of government revenue. Where does the money come from? From the consumer. From the domestic consumer.

Tariffs are akin to the VAT or sales tax. They are paid for by the consumer, the domestic consumer. Us.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

False. Just absolutely false. Selected and strategic tariffs, but not the blanket tariffs trump is trying to impose. Smoot-Hawley, anyone? Anyone?

See, you don't realize that tariffs were a major source of government revenue prior to the imposition of the income tax.

Smoot-Hawley wasn't the problem. The Great Depression stemmed from a massive expansion of credit. If Smoot-Hawley had been the issue, the Great Depression would have ended immediately after its repeal. Funny, that didn't happen.

Anonymous wrote:

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

False. Just absolutely false. Selected and strategic tariffs, but not the blanket tariffs trump is trying to impose. Smoot-Hawley, anyone? Anyone?

Anonymous wrote:Lots of chicken littles calling for the sky to fall here. For all the talk about economics, I am not surprised DCUM doesn't note the economic history where the US relied on tariffs to become a world-class economy. Moreover, tariffs are a tax on consumption, which economists will tell you is better than a tax on income.

So maybe Trump is onto something after all.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The main reason Trump got elected was to fix the economy and here he's totally screwing up on that front.

He’s too busy with other BS like harassing immigrants, minorities, and LGBTQ+ folks. The economy will crater thanks to his inability to focus on anything but his grievances.

Anonymous wrote:

Anonymous wrote:

The main reason Trump got elected was to fix the economy and here he's totally screwing up on that front.

Anonymous wrote:

Anonymous wrote:

The main reason Trump got elected was to fix the economy and here he's totally screwing up on that front.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And here comes the ceding to china layoffs...

https://bsky.app/profile/nycjayjay.bsky.social/post/3lu6g5zyvl42m

Yes, UNTIL things are made in the USA and not in China, you will see prices of certain goods moving up.

That's the whole point of tariffs. For the signal by consumers to manufacturers to make things in the USA. Then renewed price discovery takes place.

Or, we could just give in to the trojan horse which is China, which constantly steals our IP, dumps product and runs our manufacturing out of business.

You didn't get the memo on what this was all about?

Unless we're opening a bunch of sweatshops in the U.S., those prices will stay high. There is a reason we get stuff from China--It's cheaper than making it here. Maybe you skipped Econ 101?

MAGA’s ignorance of basic economic principles continues to astound. They are arguing for the United States to increase minimum wage jobs and forego high paying jobs in the service sector and green energy.