boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
BREAKING: Prime Minister Justin Trudeau says Canada will place 25% tariffs on $155 billion in U.S. imports in retaliation for President Donald Trump's tariffs. https://t.co/S5cJdtHndH
— The Associated Press (@AP) February 2, 2025
boognish_bear said:BREAKING: Prime Minister Justin Trudeau says Canada will place 25% tariffs on $155 billion in U.S. imports in retaliation for President Donald Trump's tariffs. https://t.co/S5cJdtHndH
— The Associated Press (@AP) February 2, 2025
The Trolling King Trump ๐คฃ๐คฃ๐คฃ
— Chuckyfamous! (@Nem_Famous) February 2, 2025
โ OH CANADA! โ pic.twitter.com/NidZnw8LZJ
KaiBear said:boognish_bear said:BREAKING: Prime Minister Justin Trudeau says Canada will place 25% tariffs on $155 billion in U.S. imports in retaliation for President Donald Trump's tariffs. https://t.co/S5cJdtHndH
— The Associated Press (@AP) February 2, 2025
No surprise.
And the fun is just beginning.
The United States national anthem is booed in Ottawa ahead of the Senators and Wild game amid tariffs from US President Donald Trump.
— Nick Murray (@NickMurray91) February 2, 2025
Caught the end of it, but it was booed for the first part of the anthem as well. pic.twitter.com/ChBU6XFxIP
Government deficit spending requires borrowing, which results in an increase in the money supply. This devalues currency, thus creating inflation on a range of things. If they only spend what they collect, they do not contribute to inflation.whiterock said:If Government deficit spending is inflationary, then the taxation source to fund it is irrelevant.ATL Bear said:That's because personal income tax is paid from earnings, and technically SSN is a pension payment. But corporate income taxes could be argued as inflationary. State sales taxes are post cost of goods. If we did a universal consumption tax/sales tax (as some argue for) we'd likely have a reduction in inflation. Government DEFICIT SPENDING is inflationary.whiterock said:Funny no one very says the income tax is inflationary.ATL Bear said:Even worse it's a sales tax, meaning it will simply be transferred to consumers to foot the bill. And ironically, they're inflationary. Furthermore, these tariffs are at a level that doesn't even get close to bridging the comparative advantage cost and scale that drives import/export competitiveness. I mean China could flood the market with steel keeping the price low regardless of tariffs. Oh sure, we'll get a few swipes at allies to the north and Europe because they're in a comparable cost and regulatory swamp, but when you raise the cost of inputs, the first target companies go cost cutting at is labor.boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
Usually the long game is to incentivize and deregulate sectors so you can encourage the long term investments necessary to build the facilities and capacities to engineer a market supplier shift. But tariffs hit instantly and change the market dynamic and serve as an actual disincentive, particularly for labor expansion. It's not anti-MAGA, it's economics you can research from people like Milton Friedman.
Funny no one says the SSN tax is inflationary.
Funny no one says state sales taxes are inflationary.
Funny no on says state property taxes are inflationary.
Government SPENDING is inflationary.
How is a tariff on an imported Chinese beach ball any different than a state sales tax on that Chinese beach ball?
That's a different use of tariffs. It's more of an economic threat/consequence for failing to act in our interest on a specific policy. I'm actually ok with that as I said before. If Mexico complies, and ramps up efforts on the cartels, fentanyl, illegal immigration, etc. there are no tariffs. These are parallel to economic sanctions.KaiBear said:
Mexico is controlled by the drug cartels. The Mexican president is their puppet.
Short of going to war over all the fentanyl Mexico is smuggling into the United Statesโฆโฆtariffs are the only answer to coerce Mexico into stopping these poisons.
Over 100,000 Americans are dying from overdoses each year.
Talk hasn't worked.
๐บ๐ธ๐ฒ๐ฝ | A very harsh statement from the United States against the Mexican government, probably the harshest in decades.
— BowTiedMara (@BowTiedMara) February 2, 2025
The US has just officially accused the Mexican government of having a SECRET ALLIANCE WITH THE DRUG CARTELS.
๐ฟ pic.twitter.com/MYQABYUbZA
FLBear5630 said:boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
Is Rand Paul still a good guy? Or a RINO?
Very clear. And once again, "common sense". If you are a cartel or bringing drugs into the US, you are no bueno!Redbrickbear said:๐บ๐ธ๐ฒ๐ฝ | A very harsh statement from the United States against the Mexican government, probably the harshest in decades.
— BowTiedMara (@BowTiedMara) February 2, 2025
The US has just officially accused the Mexican government of having a SECRET ALLIANCE WITH THE DRUG CARTELS.
๐ฟ pic.twitter.com/MYQABYUbZA
Eggs $7 a dozen under Biden. Eggs $7 a dozen under Trump. Pain under Biden, Pain under Trump. Same outcome. To those living on a budget, the rest means nothing.ATL Bear said:Government deficit spending requires borrowing, which results in an increase in the money supply. This devalues currency, thus creating inflation on a range of things. If they only spend what they collect, they do not contribute to inflation.whiterock said:If Government deficit spending is inflationary, then the taxation source to fund it is irrelevant.ATL Bear said:That's because personal income tax is paid from earnings, and technically SSN is a pension payment. But corporate income taxes could be argued as inflationary. State sales taxes are post cost of goods. If we did a universal consumption tax/sales tax (as some argue for) we'd likely have a reduction in inflation. Government DEFICIT SPENDING is inflationary.whiterock said:Funny no one very says the income tax is inflationary.ATL Bear said:Even worse it's a sales tax, meaning it will simply be transferred to consumers to foot the bill. And ironically, they're inflationary. Furthermore, these tariffs are at a level that doesn't even get close to bridging the comparative advantage cost and scale that drives import/export competitiveness. I mean China could flood the market with steel keeping the price low regardless of tariffs. Oh sure, we'll get a few swipes at allies to the north and Europe because they're in a comparable cost and regulatory swamp, but when you raise the cost of inputs, the first target companies go cost cutting at is labor.boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
Usually the long game is to incentivize and deregulate sectors so you can encourage the long term investments necessary to build the facilities and capacities to engineer a market supplier shift. But tariffs hit instantly and change the market dynamic and serve as an actual disincentive, particularly for labor expansion. It's not anti-MAGA, it's economics you can research from people like Milton Friedman.
Funny no one says the SSN tax is inflationary.
Funny no one says state sales taxes are inflationary.
Funny no on says state property taxes are inflationary.
Government SPENDING is inflationary.
How is a tariff on an imported Chinese beach ball any different than a state sales tax on that Chinese beach ball?
A tariff creates cost-push inflation by increasing the cost of production. We literally spent four years complaining about cost push inflation during the Biden admin, and rightly so. Now it's somehow not a thing? And state sales tax isn't part of the cost of production. Europe's VAT tax scheme functions more like an inflationary sales tax.
The Pentagon has informed its resident press corps that NBC, NYT, NPR, and Politico will โrotate out of the buildingโ to give space to New York Post, Breitbart, OANN, and HuffPost.
— Haley Britzky (@halbritz) February 1, 2025
NBC, who has an entire booth w/ cameras etc. pic.twitter.com/OC4H3xyGdj
Holy shit it was real!!!!
— Kevin Pacitti ๐จ๐ฆ๐ฎ๐น๐ฌ๐ง (@kpac_15) February 2, 2025
Eby is shutting down liquor purchases from Republican โRedโ States only.
WTF are these idiots thinking!???? pic.twitter.com/PEKY5UVGIi
Vancouver absolutely depends on the US commerce, not smart for the BC boss...boognish_bear said:
Canada will no longer purchase liquor from red statesHoly shit it was real!!!!
— Kevin Pacitti ๐จ๐ฆ๐ฎ๐น๐ฌ๐ง (@kpac_15) February 2, 2025
Eby is shutting down liquor purchases from Republican โRedโ States only.
WTF are these idiots thinking!???? pic.twitter.com/PEKY5UVGIi
I am with you. Let's alienate our border nations? Canada may need US trade, but Canada also controls a lot of the arctic.boognish_bear said:
I don't understand being in the market for Canadaโฆ unless this is just some bombastic negotiating ploy
This has been an open secret for years.Redbrickbear said:๐บ๐ธ๐ฒ๐ฝ | A very harsh statement from the United States against the Mexican government, probably the harshest in decades.
— BowTiedMara (@BowTiedMara) February 2, 2025
The US has just officially accused the Mexican government of having a SECRET ALLIANCE WITH THE DRUG CARTELS.
๐ฟ pic.twitter.com/MYQABYUbZA
FLBear5630 said:Eggs $7 a dozen under Biden. Eggs $7 a dozen under Trump. Pain under Biden, Pain under Trump. Same outcome. To those living on a budget, the rest means nothing.ATL Bear said:Government deficit spending requires borrowing, which results in an increase in the money supply. This devalues currency, thus creating inflation on a range of things. If they only spend what they collect, they do not contribute to inflation.whiterock said:If Government deficit spending is inflationary, then the taxation source to fund it is irrelevant.ATL Bear said:That's because personal income tax is paid from earnings, and technically SSN is a pension payment. But corporate income taxes could be argued as inflationary. State sales taxes are post cost of goods. If we did a universal consumption tax/sales tax (as some argue for) we'd likely have a reduction in inflation. Government DEFICIT SPENDING is inflationary.whiterock said:Funny no one very says the income tax is inflationary.ATL Bear said:Even worse it's a sales tax, meaning it will simply be transferred to consumers to foot the bill. And ironically, they're inflationary. Furthermore, these tariffs are at a level that doesn't even get close to bridging the comparative advantage cost and scale that drives import/export competitiveness. I mean China could flood the market with steel keeping the price low regardless of tariffs. Oh sure, we'll get a few swipes at allies to the north and Europe because they're in a comparable cost and regulatory swamp, but when you raise the cost of inputs, the first target companies go cost cutting at is labor.boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
Usually the long game is to incentivize and deregulate sectors so you can encourage the long term investments necessary to build the facilities and capacities to engineer a market supplier shift. But tariffs hit instantly and change the market dynamic and serve as an actual disincentive, particularly for labor expansion. It's not anti-MAGA, it's economics you can research from people like Milton Friedman.
Funny no one says the SSN tax is inflationary.
Funny no one says state sales taxes are inflationary.
Funny no on says state property taxes are inflationary.
Government SPENDING is inflationary.
How is a tariff on an imported Chinese beach ball any different than a state sales tax on that Chinese beach ball?
A tariff creates cost-push inflation by increasing the cost of production. We literally spent four years complaining about cost push inflation during the Biden admin, and rightly so. Now it's somehow not a thing? And state sales tax isn't part of the cost of production. Europe's VAT tax scheme functions more like an inflationary sales tax.
If this statement is accurrate in regards to our trade with Canada....I agree with the tariffs.boognish_bear said:
I don't understand being in the market for Canadaโฆ unless this is just some bombastic negotiating ploy
The Western states are more like Idaho or the Dakota's, hardworking ranchers and farmers. British Columbia is probably the most left but I think it has more conservatives if you take the whole province. From about Ottawa over would be very interesting. Manitoba, Saskatchewan, and Alberta, Yukon, Northwest Territories, and Nunavut are all very interesting. Offer a lot of raw materials, although that second group is sparsely populatedMarried A Horn said:
I am very okay with stirring it up with Canada. Covid lockdowns there were the worst. They are a leftist nation and we dont need to prop leftist nations up.
FLBear5630 said:Eggs $7 a dozen under Biden. Eggs $7 a dozen under Trump. Pain under Biden, Pain under Trump. Same outcome. To those living on a budget, the rest means nothing.ATL Bear said:Government deficit spending requires borrowing, which results in an increase in the money supply. This devalues currency, thus creating inflation on a range of things. If they only spend what they collect, they do not contribute to inflation.whiterock said:If Government deficit spending is inflationary, then the taxation source to fund it is irrelevant.ATL Bear said:That's because personal income tax is paid from earnings, and technically SSN is a pension payment. But corporate income taxes could be argued as inflationary. State sales taxes are post cost of goods. If we did a universal consumption tax/sales tax (as some argue for) we'd likely have a reduction in inflation. Government DEFICIT SPENDING is inflationary.whiterock said:Funny no one very says the income tax is inflationary.ATL Bear said:Even worse it's a sales tax, meaning it will simply be transferred to consumers to foot the bill. And ironically, they're inflationary. Furthermore, these tariffs are at a level that doesn't even get close to bridging the comparative advantage cost and scale that drives import/export competitiveness. I mean China could flood the market with steel keeping the price low regardless of tariffs. Oh sure, we'll get a few swipes at allies to the north and Europe because they're in a comparable cost and regulatory swamp, but when you raise the cost of inputs, the first target companies go cost cutting at is labor.boognish_bear said:We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high pricesโฆhttps://t.co/1Tc9HdSEHi
— Rand Paul (@RandPaul) February 1, 2025
Usually the long game is to incentivize and deregulate sectors so you can encourage the long term investments necessary to build the facilities and capacities to engineer a market supplier shift. But tariffs hit instantly and change the market dynamic and serve as an actual disincentive, particularly for labor expansion. It's not anti-MAGA, it's economics you can research from people like Milton Friedman.
Funny no one says the SSN tax is inflationary.
Funny no one says state sales taxes are inflationary.
Funny no on says state property taxes are inflationary.
Government SPENDING is inflationary.
How is a tariff on an imported Chinese beach ball any different than a state sales tax on that Chinese beach ball?
A tariff creates cost-push inflation by increasing the cost of production. We literally spent four years complaining about cost push inflation during the Biden admin, and rightly so. Now it's somehow not a thing? And state sales tax isn't part of the cost of production. Europe's VAT tax scheme functions more like an inflationary sales tax.
Yep, great friends... Existing Canadian tarriffsJ.R. said:
So why are we punching our closest and best ally in the world in the face? Makes absolutely NO sense. Fentanyl ? Red Herring. 43lbs of Fentanyl seized going into Canada as appossed to 21,148lbs seized on the US border from Mexico. Furthermore, the the amount of Fentanyl and Guns going into Canada from the US is astronomical.
Canada is the largest market for US goods (more than Mexico and China combined). So, let me get this straight, Trumpy Bear who said he would bring down inflation and gasoline prices lickety split. Well, I sure hope all you folks who are worried about inflation and going to really love gasoline prices going up, groceries going up, price of cars going up. Way to to Trump, you foolish bully. Canada is pissed as they should be and will NOT roll over.
Here are existing Canada tariffs on the US.
— Vince P ๐บ๐ธ ๐ฎ๐น ๐ณ๏ธโ๐ (but not braindead) (@VinceP1974Chi) February 2, 2025
I know you don't really care though. pic.twitter.com/qUJAtOUfTy
you are a foolish old man without reasoning. Look at the data. Hope the gasoline and food prices don't impact your govt assistance.Assassin said:Yep, great friends... Existing Canadian tarriffsJ.R. said:
So why are we punching our closest and best ally in the world in the face? Makes absolutely NO sense. Fentanyl ? Red Herring. 43lbs of Fentanyl seized going into Canada as appossed to 21,148lbs seized on the US border from Mexico. Furthermore, the the amount of Fentanyl and Guns going into Canada from the US is astronomical.
Canada is the largest market for US goods (more than Mexico and China combined). So, let me get this straight, Trumpy Bear who said he would bring down inflation and gasoline prices lickety split. Well, I sure hope all you folks who are worried about inflation and going to really love gasoline prices going up, groceries going up, price of cars going up. Way to to Trump, you foolish bully. Canada is pissed as they should be and will NOT roll over.Here are existing Canada tariffs on the US.
— Vince P ๐บ๐ธ ๐ฎ๐น ๐ณ๏ธโ๐ (but not braindead) (@VinceP1974Chi) February 2, 2025
I know you don't really care though. pic.twitter.com/qUJAtOUfTy
Redbrickbear said:๐บ๐ธ๐ฒ๐ฝ | A very harsh statement from the United States against the Mexican government, probably the harshest in decades.
— BowTiedMara (@BowTiedMara) February 2, 2025
The US has just officially accused the Mexican government of having a SECRET ALLIANCE WITH THE DRUG CARTELS.
๐ฟ pic.twitter.com/MYQABYUbZA
Actually, this is just a money grab by Trump and he thinks it is a great way for him to help pay for his agenda. It is hilarious that he won't dare raise taxes but has many Americans absolutely giddy about his tariffs. Expect the markets to get rocked hard come Monday morning.J.R. said:
So why are we punching our closest and best ally in the world in the face? Makes absolutely NO sense. Fentanyl ? Red Herring. 43lbs of Fentanyl seized going into Canada as appossed to 21,148lbs seized on the US border from Mexico. Furthermore, the the amount of Fentanyl and Guns going into Canada from the US is astronomical.
Canada is the largest market for US goods (more than Mexico and China combined). So, let me get this straight, Trumpy Bear who said he would bring down inflation and gasoline prices lickety split. Well, I sure hope all you folks who are worried about inflation and going to really love gasoline prices going up, groceries going up, price of cars going up. Way to to Trump, you foolish bully. Canada is pissed as they should be and will NOT roll over.
The US is 4% of the world population but roughly 30% of global consumption. Tariffs work for us precisely because we have the most desirable consumer market on earth and can force concessions in a way no other country can pic.twitter.com/ZTJFHkx3vT
— Saagar Enjeti (@esaagar) February 1, 2025
