Mainstream Economics Thread

[sonofdaxjones]

#blueanongE: Now featuring the propagation of Chinese propaganda


 


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[sonofdaxjones]

He doesn’t know what he’s talking about - #blueanongE (probably)

https://twitter.com/devorydarkins/status/1909378951707083077?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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[michigancat]

He doesn’t know what he’s talking about - #blueanongE (probably)

https://twitter.com/devorydarkins/status/1909378951707083077?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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honestly I think he understands VATs about as well as you do lol

[sonofdaxjones]

If you're angle is that the buyer pays the VATs - we all understand that.

Smart people also understand that at some point of the supply chain for imports into the US, the VATS stop.  In the reverse, they flow all the way through.

I don't get why that's so hard.

[michigancat]

If you're angle is that the buyer pays the VATs - we all understand that.

Smart people also understand that at some point of the supply chain for imports into the US, the VATS stop.  In the reverse, they flow all the way through.

I don't get why that's so hard.

I think the problem is you and Marlin Steel are comparing:

US selling to Germany vs. Germany selling to the US

when the comparison should be:

US selling to Germany vs. Germany selling to Germany and US selling to US vs. Germany selling to US


The first comparison is irrelevant. Second one is the true illustrator of competition.

[sonofdaxjones]

It's not apples and apples. Particularly if there's additional steps in the supply chain, and knowing that the German VAT on average is 3x the average US sales tax, and is applied at every step.

[Justwin]

It's not apples and apples. Particularly if there's additional steps in the supply chain, and knowing that the German VAT on average is 3x the average US sales tax, and is applied at every step.

So if the US is going to start assessing foreign on the basis of the VATs in their home country, is the US going to implement those same assessments on the US firms those foreign firms are competing against?

[sonofdaxjones]

It's not apples and apples. Particularly if there's additional steps in the supply chain, and knowing that the German VAT on average is 3x the average US sales tax, and is applied at every step.

So if the US is going to start assessing foreign on the basis of the VATs in their home country, is the US going to implement those same assessments on the US firms those foreign firms are competing against?

I don't think so.

Edit: I was just trying to read about what US automakers face when trying to sell in Germany and the EU.  It's fascinating.  Whereas the reverse for their automakers is quite easy, a very simple supply chain - distribution/dealer concept that anyone could understand.

On top of the fact, due to environmental rules, it appears that Ford (one example) has given up trying to sell IC cars in Germany. Opting for vastly more expensive to produce EV's.

Lots of German IC cars available in the United States . . . lots.

[star seed 7]

If you're angle is that the buyer pays the VATs - we all understand that.

Smart people also understand that at some point of the supply chain for imports into the US, the VATS stop.  In the reverse, they flow all the way through.

I don't get why that's so hard.

I think the problem is you and Marlin Steel are comparing:

US selling to Germany vs. Germany selling to the US

when the comparison should be:

US selling to Germany vs. Germany selling to Germany and US selling to US vs. Germany selling to US


The first comparison is irrelevant. Second one is the true illustrator of competition.

I think dax also has a pretty big misunderstanding how a vat is calculated and collected.

[star seed 7]

Which would have been OK to admit 20 pages ago because I had never looked into it either!

[sonofdaxjones]

I understand it perfectly.

[DaBigTrain]

You guys realize Dax just needs to put on whatever hat from the closet and he’s instantly an expert of any topic

[sonofdaxjones]

You just described #blueanongE perfectly DuhBigPsycho

Look at this blog, trade - war - international relations - Covid - domestic policy -

A veritable potpourri of melting down - and expertise on everything 

[star seed 7]

I understand it perfectly.

Of course you do 

[LickNeckey]

104% on china

 

almost great again

[michigancat]

104% on china

 

almost great again

It's absolute madness

[Sandstone Outcropping]

104% on china

 

almost great again

Shouldn't we raise the tariffs against Canada to 11 billion percent to be 1000% sure we have stopped all the Canadian fentanyl?

[sonofdaxjones]

Lick is always chirping and fretting over Chinese soft power.

Meanwhile we know that China's economy is not good right now.

I still find it very strange that the self professed champions of the Free Market are fretting so much about China, when one of the cornerstone's of their movement has stood on the floors of congress for the past 30 years screaming about the ChiComs and just 6 or 7 years ago was calling out Don Trump by name in the sacred chambers of our Congress for not doing something about the got damn Chinese.  Insert the laundry list of grievances Charles Chuck Schumer has with China here.

I think the question you should be asking is, why doesn't China step up to the table instead of firing off more rhetoric? By all accounts other regional players are negotating with the US right now on trade.

As stated before, I am fascinated that the self professed champions of the free market are always ready to sign the US up for more taking it in the back side . . . but we all know why they are doing that.   

[LickNeckey]

prolly should go 200% so we can get richer faster

 

[LickNeckey]

its going to be fun to look back and ask ourselves why we didn't just tax rich people at a slightly higher rate

ah well

nevertheless

[catastrophe]

its going to be fun to look back and ask ourselves why we didn't just tax rich people at a slightly higher rate

ah well

nevertheless

We'll have a laugh about it on the factory floor when all those sweet sweet manufacturing jobs come back to the U.S. and we can finally shed these damned white collars.

[Cire]

its going to be fun to look back and ask ourselves why we didn't just tax rich people at a slightly higher rate

ah well

nevertheless

If you read about the time period that MAGA wants to return to, taxing the rich was actually an outcome.

then maga has spent the last 100 years trying to undo it.

[cfbandyman]

104% on china

 

almost great again

Shouldn't we raise the tariffs against Canada to 11 billion percent to be 1000% sure we have stopped all the Canadian fentanyl?

One Million Dollars Percent

[Dugout DickStone]

its going to be fun to look back and ask ourselves why we didn't just tax rich people at a slightly higher rate

ah well

nevertheless

We'll have a laugh about it on the factory floor when all those sweet sweet manufacturing jobs come back to the U.S. and we can finally shed these damned white collars.

That Michael Keaton auto plant movie was fun

[cfbandyman]

its going to be fun to look back and ask ourselves why we didn't just tax rich people at a slightly higher rate

ah well

nevertheless

We'll have a laugh about it on the factory floor when all those sweet sweet manufacturing jobs come back to the U.S. and we can finally shed these damned white collars.

That Michael Keaton auto plant movie was fun

Lol totally forgot about that movie. Part of me now thinks that is exactly how they expect this to go.