Be ready for the new coming value added tax

Don't you mean retaliatory tariffs?

@ VATs
What?
No argument about how the rest of the world is doing it.....???

 

we're on an austerity program for the next four years. the last four haven't been a lot of fun either

 

we've been living in a false economy since nixon

 

a drop in the bucket compared to what will be needed everyday for the next four years

 

if you can be sure you are gonna need it, it's a good play. we don't buy much anymore except for perishables.

 

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.

 

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".....

 

AND 174 other nations?
Reciprocity is about the same as 'fair trade' - isn't it?
You're right btw...about the VAT being economically the same thing as a tariff only without 'borders.'

Doesn't math demand that EVERYTHING gets 'added to the consumer?'

Meet the new boss.
Same as the old boss.

 

So buying US made has no importer and therefore no tax. That is the whole point of the tariff much like Canada did in the 1960s forcing many US companies to create Canadian subsidiaries to avoid it. Not Canada says even a 10% tariff from the US will be devastating to them.

 

If the price becomes too high, it is an incentive for the company to produce their goods in the US, increasing the US economy and reducing the trade deficit.

How else do you incentivize companies based on greed & profits? I know most advertise they work for your best interests, but you know that is a lie.