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You're talking about different things...

Posted on: January 27, 2017 at 12:23:44 CT
Gyro MU
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The 20% tariff will not only raise prices, but hurt exports because it will make the dollar stronger.

Increased wages means higher household income, which would be spent in our consumption driven economy. You work at Taco Bell, now make $15 / hour so you can afford to eat now at Panera every now and then. A little simplified but that's conceptually how it works.
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My god liberals are dumb. They are crying that a 20% - hefeweizen MU - 1/27 12:14:03
     RE: My god liberals are dumb. They are crying that a 20% - MOCO SON MU - 1/27 14:13:17
     I disagree with both $15 per hour and a 20% tarrif(nm) - playhard NWMSU - 1/27 12:45:55
          Using the threat of it as leverage to get a better trade - hefeweizen MU - 1/27 12:56:16
               No it isn't (nm) - pickle MU - 1/27 13:04:10
               Is his goal to get a - meatiger MU - 1/27 12:57:55
                    I think he is using it for both(nm) - hefeweizen MU - 1/27 13:00:02
                         He probably does not even know..lol(nm) - meatiger MU - 1/27 13:04:48
     Yes or no - catbirdseat MU - 1/27 12:40:42
          It is a bad idea. Just like$15/hr min wage is a bad - hefeweizen MU - 1/27 12:55:22
          No. Mexico charges US importers a 15 tax - Spanky KU - 1/27 12:51:16
               wrong(nm) - tigerdb MU - 1/27 12:57:25
                    Nope.. fact. - Spanky KU - 1/27 13:03:28
                         and 100% of goods manufactured in Mexico are subject to - tigerdb MU - 1/27 13:05:46
                              Anything manufactured in mexico SHOULD have the VAT - Spanky KU - 1/27 13:14:15
                                   that's not how a VAT works(nm) - tigerdb MU - 1/27 13:30:47
                                        It acts like a duty on imports - Spanky KU - 1/27 14:02:15
          if that 20% is used to build a - meatiger MU - 1/27 12:46:18
               nope - catbirdseat MU - 1/27 12:47:52
                    Exactly...we're heading towards a path to build a wall.. - Gyro MU - 1/27 12:49:19
                         just make it huge and beautiful and it will be a tourist - blake1771 KC - 1/27 15:26:20
                         Kinda like welfare, huh.... (nm) - TigerMatt STL - 1/27 12:53:47
                              How about an actual response... - Gyro MU - 1/27 12:54:33
                                   I gave you a response. Welfare and the wall are both dumb - TigerMatt STL - 1/27 12:56:59
                                        Welfare isn't an actual thing - catbirdseat MU - 1/27 13:02:04
                                             Lol ok.(nm) - TigerMatt STL - 1/27 13:05:51
                                        No read my post again and come up with some counters... - Gyro MU - 1/27 12:59:14
                                             It is very much a response. As I said neither fix the - TigerMatt STL - 1/27 13:00:50
                         You get to staff that wall too and also - catbirdseat MU - 1/27 12:53:25
     Liberals are about feelings, not math or economics. - RHAYWORTH MU - 1/27 12:30:33
          Huh. Just like you and SS (nm) - pickle MU - 1/27 13:04:43
          Well reading your post, it should be clear Dems and GOP - TigerMatt STL - 1/27 12:36:33
               Did you steal Tigermatt's handle? - JG MU - 1/27 12:40:21
          I agree - 100% - JG MU - 1/27 12:34:26
          LOL...same with the Trump supporters - meatiger MU - 1/27 12:33:29
               well, trump is a liberal new yorker - why should this be - tigerdb MU - 1/27 12:36:44
                    Its not surprising the way repubs embrace their liberalism - JG MU - 1/27 12:39:12
     What the liberals (and republicans) don't realize is that - tigerdb MU - 1/27 12:28:21
          And if that all comes to fruition - meatiger MU - 1/27 12:30:58
          Lol, no one is getting paid $15/hr to pick watermelon or - MrBlueSky MU - 1/27 12:29:17
               You guys want a $15/hr minimum wage so picking watermelons - TigerMatt STL - 1/27 12:32:28
     Libs have been trained and - hokie VT - 1/27 12:27:29
     You're talking about different things... - Gyro MU - 1/27 12:23:44
          Consumption does not drive an economy (nm) - pickle MU - 1/27 13:12:36
          No. You work at Taco Bell making $15/hr, the price - TigerMatt STL - 1/27 12:25:11
               Precisely - 4TigersinMichigan MU - 1/27 12:28:49
                    No economist of any regard thinks a 20% tariff is a good... - Gyro MU - 1/27 12:47:22
                         no economist thinks 15 an hour minimum wage is a good idea - NWMizzouFan MU - 1/27 13:15:52
          totally ignoring the higher cost of labor being passed - hefeweizen MU - 1/27 12:24:44
     and vice versa for the other libs - JG MU - 1/27 12:23:16
          Had to break my silence to congratulate you for being right - TigerMatt STL - 1/27 12:28:56
               LOL I agree that you agree with me so very rarely - JG MU - 1/27 12:33:48
                    Lol. (nm) - TigerMatt STL - 1/27 12:34:31
                         You should not find that funny - JG MU - 1/27 12:35:24
     So you are ok with the 35% corp tax rate - meatiger MU - 1/27 12:19:26
          the corp tax rate problem isn't the rate, it's the loopholes - RHAYWORTH MU - 1/27 12:32:56
               That rate, by the way, and I agree...would actually... - Gyro MU - 1/27 12:51:57
          strawman time huh?(nm) - hefeweizen MU - 1/27 12:21:56
          What does a corporate tax rate have to do with tariffs or - TigerMatt STL - 1/27 12:21:10
               Well what does an import tariff have to do with minimum wage - Gyro MU - 1/27 12:24:48
                    Arguing how one will hurt consumers - TigerMatt STL - 1/27 12:26:41
                         First, I never said I was for a $15/hour min wage, but I am. - Gyro MU - 1/27 12:53:58
                              A "living minimum wage" is retarded.(nm) - TigerMatt STL - 1/27 13:02:48
                         BINGO(nm) - hefeweizen MU - 1/27 12:27:15
                    I was relating both to the consumer and what he - hefeweizen MU - 1/27 12:25:39
               Taxation - meatiger MU - 1/27 12:24:11
                    what has a greater impact? taxation or cost of labor?(nm) - hefeweizen MU - 1/27 12:27:01
                         It depends - meatiger MU - 1/27 12:28:55
                              So the argument that it will raise prices is just a strawman - hefeweizen MU - 1/27 12:30:01
                                   that's just silly - place a 20% tax on a good entering the - tigerdb MU - 1/27 12:47:17
                                        Of course it will but meat just said that is irrelevant - hefeweizen MU - 1/27 12:49:25
                                             It's really pretty simple - the US taxpayer/consumer are - tigerdb MU - 1/27 12:52:05
                                   I think both are valid arguments - meatiger MU - 1/27 12:32:40
     And they ignore the 15% tax that Mexico places on all US - Spanky KU - 1/27 12:15:03
          It's not ignored - you're just wrong - tigerdb MU - 1/27 12:39:25
               and so it functions as a tariff - FootballRefugee MU - 1/27 12:41:37
                    that would only be the case if goods produced in mexico - tigerdb MU - 1/27 12:43:21
                         no, a VAT should be on stages of production - FootballRefugee MU - 1/27 12:51:29
                              Look junior, you're just flat out wrong... - tigerdb MU - 1/27 13:02:35
                                   you're projecting, son - FootballRefugee MU - 1/27 13:04:13
          Yet Trump never talks about that - meatiger MU - 1/27 12:20:04
               He doesn't directly talk about the rate - Spanky KU - 1/27 12:27:19
                    just like we tax theirs with sales & excise taxes(nm) - tigerdb MU - 1/27 12:41:29
                         Nope... Not like that at all - Spanky KU - 1/27 12:53:39
                              Just rubbish - tigerdb MU - 1/27 12:56:52
                                   Krugman is wrong. It is basically a duty when applied - Spanky KU - 1/27 13:04:23
                                   Krugman isn't an economist either. (nm) - TigerMatt STL - 1/27 12:58:50
                                        Princeton..blah, we've got much better economists on the - tigerdb MU - 1/27 13:03:58
                                             Krugman is a political hack who changes his economic ideas - TigerMatt STL - 1/27 13:17:23




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