Re: Tariffs and bikes

On Fri, 4 Apr 2025 11:26:12 -0500, AMuzi <am@yellowjersey.org> wrote:
 

On 4/4/2025 11:16 AM, sms wrote:

The whole idea of increasing taxes on the masses, while
decreasing them on the wealthy, is so Republican, and so
Reaganesque with the fraud of "Trickle-Down Economics."
>
These new high taxes on discretionary items will be
disastrous since a new bike, a new phone, or even a new car,
is not generally a required purchase, and consumers will be
unwilling to pay much more. So companies like Trek will
likely absorb some of the tariffs by accepting lower margins.
>
OTOH, some businesses, like car repair shops will see more
business as consumers spend more to keep their existing
vehicle working.
>
For items that are not discretionary, like food, we'll just
have to pay more for the same items or switch to lower-cost
items.
>
>
>

>
You can have whatever opinion you like but not your own
facts.  USA has among the most steeply sloped tax regimes on
earth, such that the top 1% of earners pay roughly half of
all income tax.
>
https://usafacts.org/articles/who-pays-the-most-income-tax/
>
Moreover, various Cassandras notwithstanding, no significant
changes to the current (2017 Act) schedules are in play.
>
Regarding Trek, otherwise known as The Great Chinese Bicycle
Selling Company, meh.

 wouldn't it be grand if they shifted their bicyle production back to
Wisconsin?
 Not likly.....
--
C'est bon
Soloman