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Business, Economics, and Taxes: Eat Cereal for Dinner

Right on schedule...every economist said the chit would hit the fan right around back to school and here we are.
 
Kepler said:
This is the other shoe dropping.

Lower supply, same demand. Guess what that means?

Will be interesting to see what this figure is for June.
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Hmmm - I'm not so sure. Looks to me like the spike of imports from Nov-March is the anomaly, and April-May just returned to a sort of historical norm. As you say, the next few months are going to be very interesting.
 
Handyman said:
View attachment 763
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Perhaps some would consider this picking nits here, but she’s not arguing the delta in tariffs, she’s arguing the whole sum from zero should be laid at TACO Don’s feet. That’s a bad argument if you’re looking for an honest conversation regarding his taxation policy.

In truth, it’s also not representative of the true impact of prices because we know that these taxes compound the prices increases when considering everything from the importer/manufacturer, the distributors, and the retailers.

Some portions of that supply chain may be eating some portion of the tariffs, but not all of their cost increases, and certainly they can’t and won’t eat that profit reduction forever.
 
Handyman said:
View attachment 763
Click to expand...
Perhaps some would consider this picking nits here, but she’s not arguing the delta in tariffs, she’s arguing the whole sum from zero should be laid at TACO Don’s feet. That’s a bad argument if you’re looking for an honest conversation regarding his taxation policy.

In truth, it’s also not representative of the true impact of prices because we know that these taxes compound the prices increases when considering everything from the importer/manufacturer, the distributors, and the retailers.

Some portions of that supply chain may be eating some portion of the tariffs, but not all of their cost increases, and certainly they can’t and won’t eat that profit reduction forever.
 
St. Clown said:
Perhaps some would consider this picking nits here, but she’s not arguing the delta in tariffs, she’s arguing the whole sum from zero should be laid at TACO Don’s feet. That’s a bad argument if you’re looking for an honest conversation regarding his taxation policy.
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There may be other factors at play that make her statement somewhat of an exaggerations, but when seeing that the monthly data going back 4 years was pretty much level throughout, what else could play such a significant role beyond his tariff policies?
 
Slap Shot said:
There may be other factors at play that make her statement somewhat of an exaggerations, but when seeing that the monthly data going back 4 years was pretty much level throughout, what else could play such a significant role beyond his tariff policies?
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I very much believe that the increase in tariff revenues are due to Donny Don’t’s tax increases on us. Im just saying that calling out all $29.6B is a result of his tax increase. Prior to his economy-killing tax increase, the US took in about $9.5B in tariff taxes. Donny Don’t can only claim $20B of that figure. Inflationary pressures, once those new goods hit the market in full, will then start to tank that revenue mark. We will see how proud his administration is of these tax hikes as all the economic indicators can’t be lied away, and he’s running low on non-grifted economic department heads.
 
St. Clown said:
I very much believe that the increase in tariff revenues are due to Donny Don’t’s tax increases on us. Im just saying that calling out all $29.6B is a result of his tax increase. Prior to his economy-killing tax increase, the US took in about $9.5B in tariff taxes. Donny Don’t can only claim $20B of that figure. Inflationary pressures, once those new goods hit the market in full, will then start to tank that revenue mark. We will see how proud his administration is of these tax hikes as all the economic indicators can’t be lied away, and he’s running low on non-grifted economic department heads.
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There is always another fall guy. Trump views everyone around him like NFL ownership views head coaches.
 
LynahFan said:
Hmmm - I'm not so sure. Looks to me like the spike of imports from Nov-March is the anomaly, and April-May just returned to a sort of historical norm. As you say, the next few months are going to be very interesting.
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Need to see several years of data for seasonal effects.
 
St. Clown said:
I very much believe that the increase in tariff revenues are due to Donny Don’t’s tax increases on us. Im just saying that calling out all $29.6B is a result of his tax increase. Prior to his economy-killing tax increase, the US took in about $9.5B in tariff taxes. Donny Don’t can only claim $20B of that figure. Inflationary pressures, once those new goods hit the market in full, will then start to tank that revenue mark. We will see how proud his administration is of these tax hikes as all the economic indicators can’t be lied away, and he’s running low on non-grifted economic department heads.
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While I agree with you we are at a point where parsing out that kind of nuance is not helpful for the overall argument. Tariffs in and of themselves are not bad its how you use them.

But if the average person sees that chart they are going to reach the conclusion she did.
 
All I know is my local grocery store has been out of their store brand Tylenol for like a month now.

Can't wait for the COVID level empty toilet paper shelves.
 
Why do that? I don't understand why you deliberately fuck over small fry?

Oh, got it, he thinks the Yellow Horde are abusing it. And they probably are. But this is like saying "Hamas dressed up a soldier like a kid once, so murder all the kids."
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OK, bad example.
 
I didn't realize that while de minimus is suspended the BBB "permanently repeals the statutory basis for the de minimis exemption worldwide effective July 1, 2027."

So it's down the river, not cross the street. These clods never disappoint.
 
Handyman said:
Yep and the courts will back him.
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Do we even still have courts?

I read an interesting analysis from a Left source that the power concentrated in the Executive is exactly what we need if we are ever to have systemic change. They posit a Leftist Dump stacking SCOTUS and then just rolling over Congress and the lower courts. Our own Project 2029.

tldr: FDR
 
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