sealybobo
Diamond Member
- Jun 5, 2008
- 123,821
- 22,177
I promise you- no one is charging you any less than they think you are going to pay for something, and they’re not charging you any more, either. Prices of consumer goods are based on nothing but that. If you think otherwise, you are a freaking idiot.Why would they pay more?
Because as I have told you they will pay more because you artificially raised the prices of the cheper product they would have bought instead of the more expensive domestic product
If a consumer could buy a pair of foreign sneakers for 50 bucks and a comparable pair of American made sneakers for 100 bucks he would pick the less expensive pair.
Now you artificially raise the price of the imported sneakers with a tariff that makes the price 150 bucks. You just forced the consumer to pay either 150 or 100 dollars for a pair of sneakers he could have only paid 50 for.
So now he has less money to spend on other things than before the tariff
Or he doesn't buy any new sneakers at this time at all and keeps his old ones longer which equates to a reduction in demand
How is that a good thing?
We aren't talking sneakers. I wouldn't tariff sneakers. We are talking cars. I see no evidence the domestic product would be more epensive. We already make lots of cars here.
My god are you thick
If there is currently a foreign car with no tariffs that is less expensive than an American car and you place a tariff on it you just forced anyone who would have bought that less expensive car to pay more than he would have for a car by artificially raising the price on that car
Tariffs raise prices domestically I never said they raise the prices on domestic goods maybe you need to think about this a little or a lot more
And fyi we already have a tariff on sneakers which is why you pay more for them than you have to which leaves you less money to spend somewhere else thereby reducing demand for things
The US has imposed protective shoe tariffs on Americans for decades, even with no domestic shoe industry to protect - AEI
Not aware of a less expensive foreign made car.
You're not aware of much
I know this for a fact, because I used to work in sales. You might like to know to know–in many high-end boutiques, items from super cheap wholesale stores are often sold for ten times the actual cost. Why? Because there are people who are willing to buy a $10 plastic handbag for $100. Who–while purchasing it–will gasp over what a fabulous deal it is. Not to mention the less shady fact that if no one buys an item at retail, that item gets marked down. Why? Because a business still wants to try to make at least some money on it and they can only charge what people are willing to pay for it.
The only value anything has is what someone is willing to pay for it.
Diamonds aren’t expensive because they are intrinsically valuable or because it costs so much to get them–they’re expensive because of an elaborate marketing campaign. Because someone decided they should be worth that much, and everyone else just went along with them.
Now, there are some people who benefit from cheap labor. The people at the top of the food chain, and stockholders. Everyone else, however, gets screwed.
The grand irony, of course, is that it’s not just the sweatshop workers or the minimum wage workers who get screwed in this. It’s us.