RIP Philo

The great corporate give away

You just don't understand Trump economics -- tariffs will pay down the debt.

Tariffs, as an aside, are a tax on your own people. Trump seems to be confused into thinking foreign countries pay it. Of course he's confused about everything in the realm of economics.

Best economy the US has had in a long time, courtesy of the Obama years, and it's having historic deficits. Incredible. And during full employment Trump and his crew of misfits are rolling back environmental protections because it makes a small number of people more money (at the cost of everyone else). Amazing.

And there are still people who support this guy. It is just incredible times.
Permalink MAGA 
August 5th, 2018 7:38am
Most goods are not sold at cost, but there's profit involved. Prices therefore are set by what the market is willing to pay. The market doesn't care about taxes or tariffs.

If there's a lot of demand and people are willing to pay a lot for a cheap item, then you make that item in China for cheap, and mark it up, and take the profit. You do NOT pass the savings on to the customer, unless the customer is not willing to pay unless you do.

Tariffs on products doesn't typically affect price on highly marked up goods. It means less profit for the middleman, and often ends up opening the market domestically since without the tariff it can now be made at a profit, whereas before the profit was only possible by outsourcing to China.
Permalink Reality Check 
August 5th, 2018 7:50am
Example: iPhone prices will not go up due to tariffs. But they might go up if Apple thinks they can sell them at a higher price. Apple generally prices things at the absolute maximum that the market can bear. Apple never prices anything according to their cost. Their products are not commodities.

I buy lots of parts from China. Those are sold at close to cost. I now pay 25% more for them. The cost of parts is only a small fraction of the cost of the things I am making, so my profit is reduced, but I don't change the price because I'm making sufficient profit already to roll in this cost, which adds only 1% to the total cost of the product.
Permalink Reality Check 
August 5th, 2018 7:53am
You posted 7:38am. I responded 7:50a. By the time I responded your post was gone.

The bots are running as chron jobs. The net posts sniff dooky, bubble bath, ;;;;, and gibberish from their zombie bot net to get edit privileges, generally using preestablished nicks. This is completely algorithmic if you look at it closely.

Then once they have delete privileges on their ip, they search for posts of real posters names who they hate (with specific hashes and not their own impersonator accounts) and delete those automatically. In this case it looks like their job woke up and did a scan at 7:45am.

The person who created the bots is probably not at his computer right now. Maybe he's not even still alive.
Permalink Reality Check 
August 5th, 2018 8:04am
The US has had the highest productivity since the 1940's, removing ALL tariffs will benefit the US more than any other country.
Permalink Patroklos Berhane 
August 5th, 2018 8:04am
Actually, the US is 3rd, after Norway and Luxembourg:

However, given the population of the US, the conclusion that the US has the most to gain is true.
Permalink WikiBot 
August 5th, 2018 8:08am
Firstly, iphones aren't impacted by tariffs. Indeed, few direct consumer goods are because that would be too obvious for the populace how much of a fuckover it is.

Instead source materials are. Steels, wood, components of bigger things, etc. And yes, of course manufacturers just pass that cost along to buyers. Most industries operate on a razor edge and they can't (and obviously wouldn't) just eat it.

So when you buy that house, that car, that almost anything...thousands so that Trump can give billions to farmers he fucked over.
Permalink MAGA 
August 6th, 2018 9:35am

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