Posted on Dec 8, 2016
Trump’s 35 percent tariff wouldn’t keep jobs in the U.S. Here’s why.
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Posted 8 y ago
Responses: 4
OK SGT Wallace, I get it, you don't think President-elect Trump's policies will work.
Let me ask a question: do you want them to work? President Obama's social agenda could be off-putting to some, but surely, we can all agree that better opportunity for workers is objectively good, right?
So allow me to offer a suggestion: start from a different set of presuppositions and work from there. Work from the presupposition that something must be done, and that it will likely take a significant, continuous (as in unceasing) effort to create and sustain that sort of society.
I did not vote for Mr. Trump. I will likely vote against him in 2020.
But at this point, as an American, I hope he succeeds.
Let me ask a question: do you want them to work? President Obama's social agenda could be off-putting to some, but surely, we can all agree that better opportunity for workers is objectively good, right?
So allow me to offer a suggestion: start from a different set of presuppositions and work from there. Work from the presupposition that something must be done, and that it will likely take a significant, continuous (as in unceasing) effort to create and sustain that sort of society.
I did not vote for Mr. Trump. I will likely vote against him in 2020.
But at this point, as an American, I hope he succeeds.
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SSG (Join to see)
Right now there are allot of left leaning economist out there writing all kinds of articles about how this will fail and that will fail. First he is not in office yet, second, I think something needs to be done. China has not been playing nice with us when it comes to trade for years. The thought has been once China becomes a player in the so called global market they will begin to play nice. Well guess what they haven't. They still subsidize their industries giving them an advantage. They flood the metals markets trying to crush U. S. metals industry. They use cyber warfare to steal U.S. industry trade secrets, the list goes on and on. Redoing the business tax code will help but we need to make sure these trade deals are fair and equal. This needs to be a two way street, not a one way. Or some where in the future there will be no one left to purchase anything because we all work for McDonalds or some other service industry since there will be no more manufacturing jobs. etc....
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1LT (Join to see)
SSG (Join to see) - Like it or not, manufacturing is not coming back. And if they do it will not be people doing them. It will be mostly machines. I think is very deceptive to tell the American people that they will get the manufacturing jobs back when in fact you know this will not happen. As it stands right now, it just does not make it any economic sense to buy any American as there aren't too expensive. I know I won't. It's not that I do not want to support American companies but I have to look out for my pocketbook first.
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SSG (Join to see)
You still need people even it it is a robot. I have been to TTMA and Toyota auto and they use robots allot and they still have very large work forces that pay well. I just want a level playing field. I currently work for the aluminum industry as the environmental specialist and China was doing it's best to close down the U. S. smelters by dumping cheap subsidized aluminum on the U.S. market. If you look it up today about 2/3's of the smelters have shut down over the last 3 years and Obama did nothing to stop it.
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SGT William Howell
1LT (Join to see) - I'll make you a deal. If you can show me a cost analysis where a $250,000 robot is more effective than a $12.00/hr laborer to build pallets of boxes and I will start doing back flips for the next hour. Robots are no where near cost effective enough to replace even the most simple of task for most small to large companies. The automotive manufactures are an exception, because they are working with fixed jigs with simple repetitive motions and they are factoring the cost into a 25 to 30 year span in a high profit market. Jobs are not going to be taken over by robots..not at least for the next 30 years. Not sure where you are getting your information, but the magic robot fairy is not going to show up and start spitting out cyborgs employees.
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His plan is to reduce corporate and individual taxes. Corporate from 35%+ to about 15%. That will be solid motivation to stay. The repatriation of earnings from overseas may be taxed at only 8-10%, today, I believe it is at 35%-40%. This will bring money flowing back in which will help companies invest here.
The tariff, which remains to be devised, may be a tool he uses if a needed. The right approach is to motivate companies to stay through better tax approaches. If a company leaves, we lose all of the corporate taxes, states and local taxes they pay and we lose the jobs and all of the taxes (federal, state, SS etc.) the employees pay and all of the spending of those lost salaries in the towns/cities those people live in. It is a massive economic issue we need to address. We have none zippo to address it the last 8 years.
The tariff, which remains to be devised, may be a tool he uses if a needed. The right approach is to motivate companies to stay through better tax approaches. If a company leaves, we lose all of the corporate taxes, states and local taxes they pay and we lose the jobs and all of the taxes (federal, state, SS etc.) the employees pay and all of the spending of those lost salaries in the towns/cities those people live in. It is a massive economic issue we need to address. We have none zippo to address it the last 8 years.
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SGT (Join to see)
I tend to agree with you on this and hopefully the wake up call the career politicians on both sides of the aisle will come sooner rather than later.
I can already feel the "entrenching" mentality by some
I can already feel the "entrenching" mentality by some
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"When companies move production offshore it lowers their cost structure. Those cost savings will be passed along to consumers back in the United States eventually." Companies have been leaving by the droves for the last 8 years. That is just factual information and can be validated by a simple internet search (I have my opinions of why, but it is not relevant here.). So let me ask, has any of you paid less for a consumable item than what you did 10 years ago? This guys whole premise is flawed. I have no clue where professor Kane came up with his theory, but the first law of economics is supply and demand. It says that if the demand for a product stays the same and the demand stays the same the price stays the same. They pay very smart people shit tons of money to determine what the market can stand to pay for a product. They do cost analyst to see how much sales will drop or raise if they move the price up or down. Companies don't care what the cost is or passing the savings on to you. Your an idiot if you think they do. It is about maximizing profit. That is capitalism. Nobody is going to lower the cost on a product because they moved off shore. They just lowered their cost by x amount per unit meaning they just gained a profit. How would you even explain that you left money on the table at a shareholders meeting? So while this morons fancy speak sounds really good. He can't even grasp the simple concept of "What the market will bear." Remember this concept when Obama Care is repealed and you are scratching your head because you are still paying the same amount for insurance when you were told it was going to go down by the politicians. It's not going down, but health insurance companies stock is going to go through the roof. The day it is repealed everything I got is going to be invested in Blue Cross.
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