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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 7:59 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 7:59 PM
  2. ETC(SS)

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

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    Don't you mean retaliatory tariffs?

    @ VATs
    What?
    No argument about how the rest of the world is doing it.....???
     
    #2 ETC(SS), Nov 14, 2024 at 8:05 PM
  3. Georgina Rudkus

    Georgina Rudkus Senior Member

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    No, the importer pay the tariff and adds it to the consumer. It is the same as the value added tax as they pay in Canada.
     
    #3 Georgina Rudkus, Nov 14, 2024 at 8:10 PM
  4. ETC(SS)

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

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    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.
     
    #4 ETC(SS), Nov 15, 2024 at 5:57 AM
  5. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    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.
     
    #5 Prodigyplace, Nov 15, 2024 at 6:13 AM
  6. Georgina Rudkus

    Georgina Rudkus Senior Member

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    That's great, if the same or equivalent product is made domestically and cost the same or less or is of better quality than the imported item.

    If not, it's basically a new inflated price to the consumer.

    If the price of the imported item becomes so high, no one will buy. Then, no tax ir tariff will be collected. It becomes a lose lose situation for commerce.
     
    #6 Georgina Rudkus, Nov 15, 2024 at 6:58 AM
  7. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    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.
     
    #7 Prodigyplace, Nov 15, 2024 at 7:01 AM
  8. Georgina Rudkus

    Georgina Rudkus Senior Member

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    It might reduce the trade deficit and also reduces the GDP.

    Another lose lose situation.
     
    #8 Georgina Rudkus, Nov 15, 2024 at 7:14 AM
  9. Winston Smith

    Winston Smith Member

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    Yes, taxes and tariffs are a drag on commerce. So is IT theft, prison camp labor, and potentially CCP interference with shipping and an invasion of Taiwan.

    Every option has a downside.
     
    #9 Winston Smith, Nov 15, 2024 at 8:00 AM
    ETC(SS) likes this.
  10. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Just wait until China places retaliatory tariffs on corn, soy beans and pork produced by US farmers as they did in 2018.
     
    #10 Georgina Rudkus, Nov 15, 2024 at 8:25 AM
  11. ETC(SS)

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

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    Did the ChiComms reduce tariffs after the 2020 election?
    Did we reduce OURS for them?

    Even fake news and state funded media has addressed this point nearly accurately before and since the 2024 election.

    Most people are like Trump's vanquished opponent.
    To be charitable they are at least wildly uninformed about what tariffs really do, and how many we ACTUALLY have in place.

    Tariffs are a FAFO tool.
    You use them to stop people from doing 's' you don't want them to (Japan, raping China, South Africa's apartheid, Iran funding terror, Russia invading.....like, three or four places since the 90s)

    You can also use them reciprocally - for every country that places tariffs on US!
    (This is the part that MSM 'sometimes' obfuscates.... ;) )
    ^ THAT!

    Yep.
    FAFO goes both ways.
     
    #11 ETC(SS), Nov 15, 2024 at 11:11 AM
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