Re: RE: Re: Tariffs and bikes

On 4/4/2025 5:42 PM, cyclintom wrote:

On Fri Apr 4 11:26:12 2025 AMuzi  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.

   I have to wonder why only the real losers in the world have to change real facts to fit their narative.

Like "there was no recession before obama took office"?

Do you suppose that they really think that it was Trump that invented tariffs?

"That is not only not right; it is not even wrong"

Do you suppose these olittle closet communists reall think that taxing the rich is a good idea?

Little closet communists don't believe anyone should be rich enough to qualify for "tax the rich". You keep getting these basic PoliSci concepts wrong. Perhaps you should stop.

Then they complain that they can't get a job aned want the government to support them.

And tell me you never took any unemployment benefits.