4 ms·

Months ago, I saw an analysis done by a European financial firm. The burden of the tariffs is 83% paid by China. This is very well aligned with his example. Th

by burfog 7y ago

Months ago, I saw an analysis done by a European financial firm. The burden of the tariffs is 83% paid by China. This is very well aligned with his example. The burden we do pay isn't so bad. It can substitute for other taxes. We used to do this in a big way, funding the country without an income tax. The local employment is pretty good too. Those industrial jobs, for example steelworkers, are reducing income inequality.

scarface74 7y ago
So we are creating those jobs at a cost of $900K per job. Tariffs are hardly ever a good way to create jobs. https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/ https://www.washingtonpost.com/business/2019/05/07/trumps-st...
- burfog 7y ago
  If that supposed $900K comes from Jeff Bezos, owner of the Washington Post, I'm OK with it. In that case, he alone is worth a hundred thousand jobs. I can see why his newspaper might be complaining.
  - scarface74 7y ago
    No, the $900K it costs the economy per job. So you are doubting the number because it's from the "liberal media"? In that case what about Forbes? https://www.forbes.com/sites/ikebrannon/2018/07/02/steel-tariffs-are-not-creating-american-jobs-at-least-not-in-missouri/#5c4ff4c7457b https://www.forbes.com/sites/ikebrannon/2018/07/02/steel-tar...
    - burfog 7y ago
      There are far bigger reasons to doubt it, so the "liberal media" issue is moot. Not that "liberal media" isn't a fine reason, but Jeff Bezos is literally the owner of the Washington Post. He also runs Amazon, shipping lots of Chinese goods. His bias is obvious. This isn't even a political conflict along the liberal/non-liberal axis though, so Forbes doesn't change a thing. I'm sure you've heard of the uniparty, demipublicans, republicrats, and so on. The leaders of multinational corporations have a globalist mindset. Aside from desiring regulatory capture to suppress competition, they also have a libertarian mindset. Very few media sources and very few politicians break from either mindset by much, except some hot air from some politicians. Politicians don't last long if they anger the large multinational corporations. There is almost nobody with interests aligned with the American worker. Of the few who are, many would admit to loving the tariffs only if somebody like Bernie Sanders had imposed them. Generally, all of those with a big voice (media and politicians) would gladly wipe out American jobs in exchange for greater profit. This is short-term thinking, ignoring the slow collapse of the nation and the changing balance of world power.
      - scarface74 7y ago
        So there should be some studies somewhere that say the best way to brings jobs to America that in aggregate is beneficial is to impose tariffs and protectionism is to spend money on industries retraining workers? Are you also in favor of laws in some states that don't allow people to pump their own gas to save jobs?
      - DuskStar 7y ago
        I feel like "regulatory capture to suppress competition" and libertarian mindset" don't go together all that well

by burfog 7y ago

scarface74 7y ago

So we are creating those jobs at a cost of $900K per job. Tariffs are hardly ever a good way to create jobs. https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/ https://www.washingtonpost.com/business/2019/05/07/trumps-st...

burfog 7y ago
If that supposed $900K comes from Jeff Bezos, owner of the Washington Post, I'm OK with it. In that case, he alone is worth a hundred thousand jobs. I can see why his newspaper might be complaining.
- scarface74 7y ago
  No, the $900K it costs the economy per job. So you are doubting the number because it's from the "liberal media"? In that case what about Forbes? https://www.forbes.com/sites/ikebrannon/2018/07/02/steel-tariffs-are-not-creating-american-jobs-at-least-not-in-missouri/#5c4ff4c7457b https://www.forbes.com/sites/ikebrannon/2018/07/02/steel-tar...
  - burfog 7y ago
    There are far bigger reasons to doubt it, so the "liberal media" issue is moot. Not that "liberal media" isn't a fine reason, but Jeff Bezos is literally the owner of the Washington Post. He also runs Amazon, shipping lots of Chinese goods. His bias is obvious. This isn't even a political conflict along the liberal/non-liberal axis though, so Forbes doesn't change a thing. I'm sure you've heard of the uniparty, demipublicans, republicrats, and so on. The leaders of multinational corporations have a globalist mindset. Aside from desiring regulatory capture to suppress competition, they also have a libertarian mindset. Very few media sources and very few politicians break from either mindset by much, except some hot air from some politicians. Politicians don't last long if they anger the large multinational corporations. There is almost nobody with interests aligned with the American worker. Of the few who are, many would admit to loving the tariffs only if somebody like Bernie Sanders had imposed them. Generally, all of those with a big voice (media and politicians) would gladly wipe out American jobs in exchange for greater profit. This is short-term thinking, ignoring the slow collapse of the nation and the changing balance of world power.
    - scarface74 7y ago
      So there should be some studies somewhere that say the best way to brings jobs to America that in aggregate is beneficial is to impose tariffs and protectionism is to spend money on industries retraining workers? Are you also in favor of laws in some states that don't allow people to pump their own gas to save jobs?
    - DuskStar 7y ago
      I feel like "regulatory capture to suppress competition" and libertarian mindset" don't go together all that well