Nobel economic experts say Harris' plan 'vastly superior' to Trump's

[The Harris Administration]

Tariffs impact domestic firms that import foreign-made items.

When a tariff is placed on a product, any U.S.-based company that imports it must pay a percentage of that item’s price to the government.

Trump claims the revenue from these payments would be "yuge".

He claims he would use the revenue to fund tax cuts and subsidize child care.

He's claimed (without evidence) “those numbers are so much bigger than any numbers that we’re talking about, including child care”.

A business facing a tariff has 3 choices: cease operating, stop importing, or raise prices.

Checkmate, Donald.

 

[The Harris Administration]

And there YOU go AGAIN NOT listening to what your fat fuck cock sucking GOD says.

They seem especially determined to change the subject under discussion here, don't they?

 

[Lao Tse]

You don't know, do you?

It's OK to say so.

don;t know what?

 

[The Harris Administration]

don;t know what?

You don't know, as expected.

 

[anonymoose]

No, it's not.

Agreed, it's worse. It's the same folks that gave their economics prize to Paul Krugman who's proves to be always wrong and the peace prize to Obama for not being George W. Bush.
They're a joke.

 

[The Harris Administration]

Agreed, it's worse. It's the same folks that gave their economics prize to Paul Krugman who's proves to be always wrong and the peace prize to Obama for not being George W. Bush.
They're a joke.

Is that right?

 

[The Harris Administration]

This new letter was led by the noted economist Joseph Stiglitz, a Columbia University professor who won the Nobel Prize in 2001. And it marks the second such letter Stiglitz has spearheaded with other laureates.

DocumentCloud

www.documentcloud.org

 

[anonymoose]

Is that right?

Well maybe you can tell me why Krugman, who proves to be wrong about everything he predicts after the fact, and why Obama got his after he did nothing to promote peace.

 

[The Harris Administration]

Well maybe you can tell me why Krugman, who proves to be wrong about everything he predicts after the fact, and why Obama got his after he did nothing to promote peace.

Any reason why I'd do that?

 

[Lao Tse]

You don't know, as expected.

yep.

you lost.

 

[The Harris Administration]

yep.

you lost.

So you say.

 

[The Harris Administration]

Meanwhile;

Economists agree that higher, more widespread tariffs would drive up prices for consumers.

"Trump's proposed tariffs are like a sales tax, in the sense that consumers everywhere are going to end up paying,” Alan Deardorff, an economist at the University of Michigan who specializes in international trade, said.

Trump and his allies theorize that if the U.S. imposes tariffs, foreign producers would lower their prices to avoid being pushed out of the American market.

But tariffs had been falling around the world for decades before the single-term Trump administration rolled out its 2018 levies, which created a natural experiment to test that thesis.

In the years since, Deardorff said, “you can’t find anything in the data indicating that prices went down.”

What tariffs do and why economists don't like them

Trump keeps expanding his tariff plans, but most trade analysts across the political spectrum warn they’d inflate consumer prices.

www.nbcnews.com

 

[Truth Detector]

And there YOU go AGAIN NOT listening to what your fat fuck cock sucking GOD says.

There you go again sounding off like a triggered mental case on steroids.

 

[Tbird19482]

There you go again sounding off like a triggered mental case on steroids.

here have a complement, YOU ARE A FUCKING MORON and an ASSHOLE
Go FUCK YOURSELF

 

[Lao Tse]

foreign producers would lower their prices to avoid being pushed out of the American market.

we will raise tariffs again.

American products will prevail in America.

 

[The Harris Administration]

we will raise tariffs again.

American products will prevail in America.

"We"?

 

[T. A. Gardner]

It seems as though many things escape you.

Rather than a blanket (and unverified) condemnation of people, have you got any relevant points to make?

I made a relevant point.

 

[The Harris Administration]

I made a relevant point.

So you say.

 

[Lao Tse]

Meanwhile;

Economists agree that higher, more widespread tariffs would drive up prices for consumers.

"Trump's proposed tariffs are like a sales tax, in the sense that consumers everywhere are going to end up paying,” Alan Deardorff, an economist at the University of Michigan who specializes in international trade, said.

Trump and his allies theorize that if the U.S. imposes tariffs, foreign producers would lower their prices to avoid being pushed out of the American market.

But tariffs had been falling around the world for decades before the single-term Trump administration rolled out its 2018 levies, which created a natural experiment to test that thesis.

In the years since, Deardorff said, “you can’t find anything in the data indicating that prices went down.”

What tariffs do and why economists don't like them

Trump keeps expanding his tariff plans, but most trade analysts across the political spectrum warn they’d inflate consumer prices.

www.nbcnews.com

I already successfully disputed this.

short term price increases are worth the long term benefit of domestic jobs and manufacturing.

globalism is for dumb people.

 

[Lao Tse]

So you say.

do you think your level of retardation really warrants you the highest office?