Put Your Money Where Your Mouth Is

[Robert Baer]

tabbypurr@gmail.com wrote:

On Saturday, 29 June 2019 06:05:16 UTC+1, Robert Baer wrote:

My point is, tariffs the way they are implemented, other than
"distorting the economy" do nothing FOR us.
If the original seller (implying China for the most part) had to pay
that amount (instead of us as is done now), the "economy distortion"
would stay the same but we would GAIN all of that money.

If that made sense the US would apply a 100% tariff & get an endless supply of free goods.

Buyers unable to absorb extra cost are in same exact position either way.

IDIOT! Tariffs are a price ADDED to cost of goods; they would not be
free.

 

On Tuesday, 2 July 2019 08:06:03 UTC+1, Robert Baer wrote:

tabbypurr wrote:
On Saturday, 29 June 2019 06:05:16 UTC+1, Robert Baer wrote:

My point is, tariffs the way they are implemented, other than
"distorting the economy" do nothing FOR us.
If the original seller (implying China for the most part) had to pay
that amount (instead of us as is done now), the "economy distortion"
would stay the same but we would GAIN all of that money.

If that made sense the US would apply a 100% tariff & get an endless supply of free goods.

Buyers unable to absorb extra cost are in same exact position either way.
IDIOT! Tariffs are a price ADDED to cost of goods; they would not be
free.

That is utterly obvious.
As is the stupidity of what you suggested before.

 

[Rick C]

On Monday, July 1, 2019 at 1:55:19 AM UTC-4, jurb...@gmail.com wrote:
> Why do they give you a tax break for doing this or that ? Social engineering. I can tell you how it works but not right now, it is 2 in the morning here and I got the munchies.

Thank heavens for small favors.

--

Rick C.

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