Hectic Dialectic

[Hectic Dialectic @Dialhectic]

@rubencristiano9 @acsmex @c108_c @atrupar In this "standardized" model, what would a 100% decrease mean? (Why do we need to "standardize" it in the first place?)

[Hectic Dialectic @Dialhectic]

@JimmyZick @Nguyen_anime3 1/6th the price means it's 16.6% (83% reduction). 6X reduction would mean it somehow got reduced by 600% even though reducing a price by 100% means it's free.

[Hectic Dialectic @Dialhectic]

@JimmyZick @Nguyen_anime3 If it goes to $100 from $600 you lost 100% of your gain because it was all gain. It lost 83% of its value from $600 is what you should say.
You don't pay taxes on unrealized gains. If it went from $100 to $1,000,000 and you sold it when it hit $100, you'd have no gains to tax.

[Hectic Dialectic @Dialhectic]

@bobhea @RunningBear571 @RapidResponse47 @SecScottBessent Tariffs are taxes charged to importers and tariffs are also known as "import taxes". They are a tax levied by the government doing the import borne by the people purchasing the goods from abroad.

[Hectic Dialectic @Dialhectic]

@Lu955753 @CrabP3rson @AaronBlake Isn't the severity of the assault the difference between a felony and misdemeanor assault? You can't tell me throwing water at someone would constitute felony assault.

[Hectic Dialectic @Dialhectic]

@TheOriginalNOC @EpsilonTheory Except that's a stupid way to look at it. Trade deficit merely means we purchase more than we export to that country. Yes, there are times when we are blocked by other countries' tariffs but it's the basic idea of trade. What do we get for the money we spend? Goods.

[Hectic Dialectic @Dialhectic]

@userbunchanumbs @JohanPeters0n @EpsilonTheory And how will you get revenue to replace the income tax once imports hit 0?

[Hectic Dialectic @Dialhectic]

@TheOriginalNOC @EpsilonTheory Then why are they trying to extend the tax cuts which will only add to the deficit more than what the tariffs will subtract?

[Hectic Dialectic @Dialhectic]

@userbunchanumbs @JohanPeters0n @EpsilonTheory You do realize that increasing tariffs means fewer imports, right? It's like trying to squeeze blood out of a stone at that point. If you tariff something at 100% and demand drops to 0, you're not going to somehow magically get more money if you charge 110%.

[Hectic Dialectic @Dialhectic]

@userbunchanumbs @EpsilonTheory There's no way that tariffs would replace income tax. Plus the fact that if a tariff is successful, it becomes a worse source of income over time since you're dissuading people from importing in the first place.

[Hectic Dialectic @Dialhectic]

@Zacham433 @TiredOldWriter @TammieMcDonal17 @SenSchumer What happens when supply goes down and demand remains the same? Prices go up.

[Hectic Dialectic @Dialhectic]

@TheGr8_GatsBee @WilsonRoyston @Scaramucci What about all of the goods we don't have the capacity or ability to produce? There are a lot of goods that we can't produce here or, if we do, that we don't have the capacity to fulfill demand.

[Hectic Dialectic @Dialhectic]

@TheGr8_GatsBee @WilsonRoyston @Scaramucci It doesn't really address the fact that a large reason that the US has a trade deficit in the first place is that US consumers mostly buy on price. A lot of US citizens want lower prices, not significantly higher, and implementing tariffs won't drive prices lower.

[Hectic Dialectic @Dialhectic]

@UMHUHWTH @Lawrence But what does releasing water from a dam that doesn't flow into LA do for the fires

[Hectic Dialectic @Dialhectic]

@TheGr8_GatsBee @WilsonRoyston @Scaramucci That's ultimately on us because we buy goods from foreign countries. If demand for foreign goods were lower, then we wouldn't have a trade deficit in the first place.

And tariffs shouldn't be blanket tools. There are a lot of things we aren't even equipped to produce.

[Hectic Dialectic @Dialhectic]

@TheGr8_GatsBee @WilsonRoyston @Scaramucci So what exactly is your point? That the US doesn't charge VAT and thus is fine charging tariffs? If that's the point, just charge VAT instead.

[Hectic Dialectic @Dialhectic]

@TheGr8_GatsBee @WilsonRoyston @Scaramucci VAT isn't a tariff.

[Hectic Dialectic @Dialhectic]

@robert07059131 @KguRdavis @atrupar Isn't there something wrong about calling someone's point BS while flinging unverified BS of your own?

[Hectic Dialectic @Dialhectic]

@Kanaley @JoshEakle The companies *importing* the goods pay the tariffs. The countries' prices stay the same on their side. So it hurts US import companies or companies that import goods from other countries to do their business.