Economy Democrats why are you against tariffs but in favor of raising corporate/business tax rate? Explain it to me.

[koa pomaikai]

For years, the republican argument against raising tax for businesses and corporations is that they will just raise product prices to cover the cost of the tax.

Democrats call BS on that argument, yet, isn’t this the exact argument on tariffs? That if you tax the imports higher, businesses just sell the product to consumers more.

Wtf is the difference? Am I stupid for not seeing it?

Why are democrats against tariffs but not against raising the corporate tax?

 

[ShadowRun]

For years, the republican argument against raising tax for businesses and corporations is that they will just raise product prices to cover the cost of the tax.

Democrats call BS on that argument, yet, isn’t this the exact argument on tariffs? That if you tax the imports higher, businesses just sell the product to consumers more.

Wtf is the difference? Am I stupid for not seeing it?

Why are democrats against tariffs but not against raising the corporate tax?

Because it's Trumps idea and not Bidens.

 

[PRESIDENT TRUMP]

Solid kindergarten level understanding of economics on display here.

 

[Cid]

Progressive tax policy towards corporations. Not just more tax. Don't dumb this shit down.

Smaller businesses pay small tax
Medium sized pay medium tax
Large pay large tax.

Large companies will struggle to pass on the additional taxes to customers as small and medium sized companies in the industry will be biting at the heels with a lower tax rate which encourages more and more competition which is better for the consumer.

If your tax rate goes up 20% as a large company it's going to be harder to just palm that cost off to consumers if small competitors got a tax cut.

Better ideas have a much larger likelihood of beating out well funded ideas.



Tariffs aren't bad per se if they're used correctly. Generally it's something the country does well that they want to keep doing despite another country doing it more economically. There's a whole bunch of reasons, pros and cons.

Tariffs aren't what is going on though. Tariffs are being used to incite trade wars largely against allied democracies because of perceived unfairness in trade deals. Some of those deals Trump made himself.

Now if you're in an allied country like mine (australia) and you're on Trumps tariff hit list you get a few options.

Roll over, look weak and get fucked in the ass knowing that there's another 4 more years of ass fucking ahead.
Or you try to remain diplomatic while instituting your own trade war initiatives. You know they're fucking stupid because they have no real purpose but you can't look like a bitch either.

Most of us are going to look at the sheer scale this trade war and a chose the latter.

Trump and Canada tariff 20 industries.
Trump and Euro tariff 20 industries.
Trump and China tariff 20 industries.

Canada has 20 tariffs. Euro has 20 tariffs. China has 20 tariffs. America has 60 tariffs.

Plus we're going after red states. That shit is obvious right? Canada is explicitly doing it as will anyone who America starts a trade war with.

Also it's just straight fucking with the economy. Trade is a good thing. Keeps costs down. We all do it for a reason. There's nobody producing all their own stuff for a reason.


Plus it just really undermines Western soft power during a new cold war.

Western countries are waking up to the reality that Xi is a bit of a cunt especially now Putin has gone mask off.

But instead of capitalizing on the absolutely massive economic power the western democratic alliance wields to INCREASE trade amongst each other at China's expense... We're getting a whole bunch of stupid, pointless infighting.

yay.

 

[sanguinius]

Progressive tax policy towards corporations. Not just more tax. Don't dumb this shit down.

Smaller businesses pay small tax
Medium sized pay medium tax
Large pay large tax.

Large companies will struggle to pass on the additional taxes to customers as small and medium sized companies in the industry will be biting at the heels with a lower tax rate which encourages more and more competition which is better for the consumer.

If your tax rate goes up 20% as a large company it's going to be harder to just palm that cost off to consumers if small competitors got a tax cut.

Better ideas have a much larger likelihood of beating out well funded ideas.



Tariffs aren't bad per se if they're used correctly. Generally it's something the country does well that they want to keep doing despite another country doing it more economically. There's a whole bunch of reasons, pros and cons.

Tariffs aren't what is going on though. Tariffs are being used to incite trade wars largely against allied democracies because of perceived unfairness in trade deals. Some of those deals Trump made himself.

Now if you're in an allied country like mine (australia) and you're on Trumps tariff hit list you get a few options.

Roll over, look weak and get fucked in the ass knowing that there's another 4 more years of ass fucking ahead.
Or you try to remain diplomatic while instituting your own trade war initiatives. You know they're fucking stupid because they have no real purpose but you can't look like a bitch either.

Most of us are going to look at the sheer scale this trade war and a chose the latter.

Trump and Canada tariff 20 industries.
Trump and Euro tariff 20 industries.
Trump and China tariff 20 industries.

Canada has 20 tariffs. Euro has 20 tariffs. China has 20 tariffs. America has 60 tariffs.

Plus we're going after red states. That shit is obvious right? Canada is explicitly doing it as will anyone who America starts a trade war with.

Also it's just straight fucking with the economy. Trade is a good thing. Keeps costs down. We all do it for a reason. There's nobody producing all their own stuff for a reason.


Plus it just really undermines Western soft power during a new cold war.

Western countries are waking up to the reality that Xi is a bit of a cunt especially now Putin has gone mask off.

But instead of capitalizing on the absolutely massive economic power the western democratic alliance wields to INCREASE trade amongst each other at China's expense... We're getting a whole bunch of stupid, pointless infighting.

yay.

America won't castrate itself to align with globalists that actively undermine us. CANada needs us more than we need them.

 

[Deaths Head]

For years, the republican argument against raising tax for businesses and corporations is that they will just raise product prices to cover the cost of the tax.

Democrats call BS on that argument, yet, isn’t this the exact argument on tariffs? That if you tax the imports higher, businesses just sell the product to consumers more.

Wtf is the difference? Am I stupid for not seeing it?

Why are democrats against tariffs but not against raising the corporate tax?

When corporate taxes increase, businesses pass the higher costs on to consumers in the form of higher prices When corporate taxes increase, businesses pass the higher costs on to consumers in the form of higher prices . increased corporate taxes reduce growth and, vice versa, corporate tax cuts may help spur growth through various ways but growth effects depend on how corporate taxes are measured , tax changes may be related to adjustments in public spending decisions so it’s not a stable way because there’s to many variables but it’s surely better then Tarriffs if you tax bigger corporations you’ll still see more public spending while business owners don’t get punished with having to drive their prices up because they have to adjust the prices on the actual products they are selling .

Tarriffs do not stimulate growth there are no real redeeming qualities overall because it drives everything up no matter how you want to try and word it because the added costs could then be passed on to American consumers, pushing up the price of everything. The assumption more companies will move to the U.S and build factories is also misleading but Trump won’t have a third term so he doesn’t care .

This isn’t rocket science literally every economical expert is against it include Warren Buffet who actually has a brain and not some weird guy with money ( I wonder who that is ) in fact Warren has stated Trumps 25% threat ( it’s a threat ) is an act of war .

I’m not expecting the forum to form rational thinking ( at this point it’s a left vs right thing for the Trumpers because they can’t actually form any rational argument ) so I’ll leave it at that besides the fact Trumps main reason for the Tariiffs was a made up fentanyl number coming in from Canada which in itself is bonkers but i guess that also makes sense to Trumpers ?

 

[tastaylvr]

The funniest part of the maga movement is the “great America” they want to go back to is a time where rich people got taxed to a proper level. That taxation lead to the greatness they wanted. Trickle down economics has been done for 50 years and it has only made the rich richer with zero trickle down. It’s actually the start of the downfall of America tbh.

It’s gonna be funny if they somehow get rid of all the immigrants then realise they will still be poor if not poorer but at least no browns or trans in sports. The republican propaganda machine needs to be studied because it’s fucking amazing. China and Russia should learn from them because they got nothing on this.

They basically tricked people into thinking gutting all government funding is good and that they should have nothing and be happy about because life is good as long as no migrants or trans in sports.

 

[Seano]

They don't know. They think Trump invented tariffs and is the only person ever to impose them.

 

[sanguinius]

The funniest part of the maga movement is the “great America” they want to go back to is a time where rich people got taxed to a proper level. That taxation lead to the greatness they wanted. Trickle down economics has been done for 50 years and it has only made the rich richer with zero trickle down. It’s actually the start of the downfall of America tbh.

It’s gonna be funny if they somehow get rid of all the immigrants then realise they will still be poor if not poorer but at least no browns or trans in sports. The republican propaganda machine needs to be studied because it’s fucking amazing. China and Russia should learn from them because they got nothing on this.

They basically tricked people into thinking gutting all government funding is good and that they should have nothing and be happy about because life is good as long as no migrants or trans in sports.

You do know that people PICKED the republicans to gut the government, right? People have different opinions than you.

Hell, it is shocking that you'd even try to claim propaganda for the right. What party has the entire entertainment and media industries at their beck and call? Look in the mirror, lad.

You remind me of those leftists that sinister or strychnine or whatever dipshit blue name leftist posted in the jaguar thread. Literally saying the talking points that we voted for and telling us we got tricked. We picked them. We want this. We aren't confused or misguided. We disagree with the viewpoint the media gave you.

 

[Deaths Head]

Solid kindergarten level understanding of economics on display here.

Somebody should tell Trump that tariff collections have not accounted for much more than 2% of federal revenue at any point in the last 70 years , he also called 1890 the golden age because of Tarriffs , obviously he has not read up on his history. I’m pretty convinced this guy just has someone outlining certain things and he does no fact checking that’s the only plausible explanation I can think of why everything he says is actually the opposite of what is actually a fact .

Let’s say his Tarriff proposals did work in the modern era ( they don’t ) to do them during a war where we were supplying aid is a terrible idea because we get hurt in the process even more and in fact have an obligation to get involved because we have an agreement in the policy that includes Russia invading other countries we have relations with Ukraine it’s an actual policy ,

I’m not sure the Trumpers understand all this and this is simple stuff here ?

I know this guy didn’t . @Seano . Lol

 

[Deaths Head]

They don't know. They think Trump invented tariffs and is the only person ever to impose them.

I’d tell you the irony of this statement but I’ll let you figure it out .

 

[Siver!]

In a nutshell as @Cid says:

EARN MORE, PAY MORE - a surgical Dem policy.

TARIFF EVERYTHING PLUS EARN MORE, PAY LESS - a lunatic Republican policy.

If you instinctively feel you prefer the Republican method BUT aren't a billionaire, you might be brainwashed. It won't help you on any level.

 

[Seano]

Somebody should tell Trump that tariff collections have not accounted for much more than 2% of federal revenue at any point in the last 70 years , he also called 1890 the golden age because of Tarriffs , obviously he has not read up on his history. I’m pretty convinced this guy just has someone outlining certain things and he does no fact checking that’s the only plausible explanation I can think of why everything he says is actually the opposite of what is actually a fact .

Let’s say his Tarriff proposals did work in the modern era ( they don’t ) to do them during a war where we were supplying aid is a terrible idea because we get hurt in the process even more and in fact have an obligation to get involved because we have an agreement in the policy that includes Russia invading other countries we have relations with Ukraine it’s an actual policy ,

I’m not sure the Trumpers understand all this and this is simple stuff here ?

I know this guy didn’t . @Seano . Lol

The point of these tariffs is to get people to produce domestically and the consumer to buy domestically. No on thinks tariffs themselves are a form of revenue. I saw Ferris Bueller's Day Off too.


You mention a 70 year block of time but fail to realize what NAFTA did to us as a producer and exporter of goods to the world. We buy the things we used to build here, we enriched everyone else at our own expense.

 

[Deaths Head]

The point of these tariffs is to get people to produce domestically and the consumer to buy domestically. No on thinks tariffs themselves are a form of revenue. I saw Ferris Bueller's Day Off too.


You mention a 70 year block of time but fail to realize what NAFTA did to us as a producer and exporter of goods to the world. We buy the things we used to build here, we enriched everyone else at our own expense.

You have as much understanding on Tarriffs as this guy who I’m pretty sure that’s who you are parroting on here which is why you make no sense , Trump even admits he’s talking about theory here not fact becoming he knows what he’s claiming here is false and the interviewer informed him of it while Trump is still talking nonsense. Lol