mep
Well-known member
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- Dec 4, 2013
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- 5,101
More nonsense. You like to dance on the head of a pin and I'm sick of it.
Tariff implications.........
- Thread starter Mikado463
- Start date
More nonsense. You like to dance on the head of a pin and I'm sick of it.
Shadowfax
Well-known member
atmasphere
Active member
Sorry! That's not the intention. I did mention earlier that when we try to lead our lives as if our made up stories about it are real, when life does not agree, that is the source of all human suffering, such as your being "sick of it".
I try really hard to not use innuendo. If you try to read between the lines of things I've written you'll likely wind up with a misconception, as appears you've done here.
I get in trouble a lot for being really literal and many have told me I should have been an attorney. But I've no taste for that. Anyway, its nothing personal.
mep
Well-known member
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It's not hard for people to see the only one making up stories and denying what they just wrote is you.
Feanor
Member
VATs are typically applied to all goods, domestic and imported, hence there is no valid argument that they are to protect domestic producers.
That said, US trade officials have complained about Canada's VAT, (here called GST or HST). The argument appears to be the Canadian producers are rebated the VAT on goods they export -- i.e. the VAT they have paid on components of their products. By this argument the rebated VAT amounts to a "subsidy" for these exports. I don't personally buy it.
The way it works here is that a producer pays the VAT on components and collects VAT from customers; the producer remits to the gov't the VAT from customer less the VAT it has paid on components.. In case of exports, of course, it doesn't collect any VAT from foreign customers.
Feanor
Member
This is an extreme & unreasonable statement.
Probably you're aware that the concept of free trade which has been around since Adam Smith, (1776: Wealth of Nations). Fundamentally the notion is that by nations doing what they do best and, in many cases, leaving other stuff to other nations. Thereby all consumers everywhere benefit from goods at lowest cost.
Do you believe that the USA will have more "secure, high-paying jobs", by making the sort of popular, cheap clothing made to day in the sweatshops of Bangladesh? Or the plethora of cheap junk made world-wide that American consumers demand? Personally I doubt it.
Randy Myers
Well-known member
Exactly... the day where any country can manufacture every single thing that they consume 100% by themselves are long gone. The world has became far too small and there are far too many areas that produce certain items better than others do.
A great example is diamonds that people around the world crave. South Africa pretty has this market exclusively. The huge producers of food really goes to the United States with the mid western and central farmers, and the California fields which spread further than the eye can see in the Central Valley and Central Coast.
There is no such thing as a country as large and as diverse as the United States being able to produce everything themselves. Americans would not stand by for clothing being produced here, both in terms of quality and price, as an example. The automobile industry has become a world wide industry. Tariffs will accomplish nothing but force the American workers to pay vastly more for the items they want and/or need. The rich will become richer and the workers will become poorer, akin to indentured servants.
Look at the past and it will become crystal clear that making an economy based on tariffs and isolationism has never worked and has directly led to some of the worst periods in the US history.