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Be ready for the new coming value added tax

Discussion in 'Fred's House of Pancakes' started by Georgina Rudkus, Nov 14, 2024 at 8:05 PM.

  1. Georgina Rudkus

    Georgina Rudkus Senior Member

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    That's the new national sales tax that the new administration will call tariffs.
     
    #1 Georgina Rudkus, Nov 14, 2024 at 8:05 PM
  2. bisco

    bisco cookie crumbler

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    we're on an austerity program for the next four years. the last four haven't been a lot of fun either
     
    #2 bisco, Nov 14, 2024 at 8:10 PM
  3. Georgina Rudkus

    Georgina Rudkus Senior Member

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    They can't make things in the US as cheap as in China.

    Made in USA may cost as much as 5-6 times as made in China.

    Even if the tariffs double the price, consumers will still choose made in China.

    Basically, that's 100% inflation.
     
    #3 Georgina Rudkus, Nov 14, 2024 at 8:17 PM
  4. bisco

    bisco cookie crumbler

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    we've been living in a false economy since nixon
     
    #4 bisco, Nov 14, 2024 at 8:19 PM
  5. Georgina Rudkus

    Georgina Rudkus Senior Member

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    The factories in China are feverishly working overtime to produce orders to ship before the new tariffs go into effect.
     
    #5 Georgina Rudkus, Nov 14, 2024 at 8:23 PM
  6. bisco

    bisco cookie crumbler

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    a drop in the bucket compared to what will be needed everyday for the next four years
     
    #6 bisco, Nov 14, 2024 at 8:25 PM
  7. Georgina Rudkus

    Georgina Rudkus Senior Member

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    I'm going on a buying spree on Amazon for anticipated future needs of imported items expecting that their prices will likely double.
     
    #7 Georgina Rudkus, Nov 14, 2024 at 8:28 PM
  8. bisco

    bisco cookie crumbler

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    if you can be sure you are gonna need it, it's a good play. we don't buy much anymore except for perishables.
     
    #8 bisco, Nov 14, 2024 at 8:34 PM
    srellim234 likes this.
  9. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Same here, but material and goods that I purchased years ago will have greater sales value due to inflation and the coming tariffs.
     
    #9 Georgina Rudkus, Nov 14, 2024 at 8:37 PM
  10. Hayslayer

    Hayslayer New Member

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    Years back, when gas went crazy (around 2012 or 13?), I watched 3 guys fill 8 55 gallon drums full of gas at about 3.75 a gallon. Talked to them for a few minutes and all they could talk about was how the news was saying gas was going to go to $10 a gallon and they were planning ahead. A week later, prices started dropping and we never saw that price again for several years. I still laugh about that one.

    Don't waste your time trying to look in a crystal ball, because the people selling the crystal ball are lying. But, if you insist, at least stock up on poop paper like the other preppers did for covid. At least you'll eventually use that, regardless of what the world does.
     
    #10 Hayslayer, Nov 14, 2024 at 10:08 PM
  11. Georgina Rudkus

    Georgina Rudkus Senior Member

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    How are tariffs, eventually paid by the consumer going to be less, if implemented?

    Be ready to pay even more for your next car. The whole car or if not, many parts of the car are imported.
     
    #11 Georgina Rudkus, Nov 14, 2024 at 10:24 PM
  12. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Inflation.

    You're going to pay more for your car no matter who won the last election.
    AND both parties seem to be cosmically thick on the difference between winning and 'not losing.'

    175 nations have VATs, and for the last 100 years or so "progressives" (they don't DARE call themselves liberals after the 90's!!!) have been sating that we "need to be more like Europe..."

    ...this was......of course BEFORE the 'EU"..... ;)
     
    #12 ETC(SS), Nov 15, 2024 at 5:29 AM
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