Anonymous wrote:The Court punted on refunds. Kavanaugh was on the wrong side of the decision, but he was right that determining rebates is a non-trivial problem.Anonymous wrote:Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.
All so that they could pass a tax cut package accruing hugely more to the rather wealthy.
Protectionism (much like communism) was a red herring.
That movie was how as a kid I learned what a 'red herring' was![]()
Anonymous wrote:The Court punted on refunds. Kavanaugh was on the wrong side of the decision, but he was right that determining rebates is a non-trivial problem.Anonymous wrote:Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.
All so that they could pass a tax cut package accruing hugely more to the rather wealthy.
Protectionism (much like communism) was a red herring.
That movie was how as a kid I learned what a 'red herring' was![]()
The Court punted on refunds. Kavanaugh was on the wrong side of the decision, but he was right that determining rebates is a non-trivial problem.Anonymous wrote:Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.
All so that they could pass a tax cut package accruing hugely more to the rather wealthy.
Protectionism (much like communism) was a red herring.
That movie was how as a kid I learned what a 'red herring' was![]()
Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.
All so that they could pass a tax cut package accruing hugely more to the rather wealthy.
Protectionism (much like communism) was a red herring.
Anonymous wrote:I studied economics in high school and college. Basic stuff. Both classes told me that tariffs don't work. Basic econ 101 and high school econ.
Yet that moron....
Glad the scotus had its head screwed on straight this time.
Anonymous wrote:I would hate to be a bottle of Heinz in the White House right now.
Not sure why it took so long, but it was the right decisions, and frankly, it should have been unanimous.
It's "easy" only if all companies absorbed the entire cost of the tariff at the point the tariff was levied (and the tariffs didn't put the company out of business...), but, in fact, the actual tariff payees are everywhere. In most cases, some portion of the cost was passed on/paid by various intermediaries, incorporated in cost increases in downstream goods, exported/reexported, etc. with the remainder paid by the ultimate consumer.
