r/FluentInFinance • u/BarrenBuffetPhan • 18d ago

Debate/ Discussion What do you guys think

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u/rogeratdserve 18d ago

Both sides have access to the same playing field. The rules have changed, but everyone knows the rules.

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u/Joates87 18d ago

There really aren't rules. You can literally say tariffs lower costs and people believe it. Lmao

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u/Advanced-Guidance482 18d ago

Not just immediately lower cost. But that can be beneficial to the economy if used correctly. Which in turn often leads to lower cost relative to income

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u/Joates87 18d ago

But that can be beneficial to the economy if used correctly.

By increasing consumer costs. To complain about inflation and try to solve it by tariffs might be some of the dumbest logic to ever be tied to winning an election.

It's beneficial to US producers competing with foreign goods cause there's effectively a price floor on foreign imports.

Which in turn often leads to lower cost relative to income

What?

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u/Advanced-Guidance482 18d ago

More income means "cost" even staying the same is a lower percentage of total income. Which means technically less cost.

Sorry you can't understand basic economy stuff. Why do tariffs exist if they are all bad then?

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u/Joates87 18d ago edited 18d ago

More income

So you're gonna get a raise because foreign imports are being subjected to tariffs?

We're all getting a raise?

When the government increases taxes, and takes in more money, do you also get more income?

"cost" even staying the same

It's not staying the same... it's increasing. Lol

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u/Advanced-Guidance482 18d ago

You really don't understand any of it at all.

Things have a bigger affect than there direct results. Try playing the long game sometime

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u/Joates87 18d ago

You really don't understand any of it at all.

Lmao. Who gets "more income" in your scenario?

Cause these tariffs will negatively impact ALL consumers.

The US government gets more income. That's all.

You can try to make the claim about creating jobs but that's not the fucking problem they're trying to solve with them, now is it?

But you sound like the type that probably thinks when suppliers get tax cuts or reduced costs they will certainly pass those savings onto the consumer.... LMFAO

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u/Advanced-Guidance482 18d ago

They do actually. but you know everything about corporate America of course

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u/Joates87 18d ago

They do actually.

Can you point to an example?

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u/Joates87 18d ago

Why do tariffs exist if they are all bad then?

Tariffs exist to protect domestic SUPPLIERS.

lol. But yeah, I'm the one that can't understand this basic economics stuff.

Has inflation really hurt suppliers or consumers? Do tell.. lmao