Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Sunday, July 8, 2018

Thoughts on Tariffs


Tariffs are taxes. Usually, the tariff is collected on imported goods, such as "Duty Fees" when we come back from vacation, or taxes on imports. Are Tariffs good or bad? I think it depends on the goods being taxed. If we could make it or grow it, we would use our own goods, right?

For my thinking, raw materials should not be taxed when they come in - when they are imported. Some finished goods should be taxed coming in, but not going out. Only those that we make internally should be taxed. If we can't make the goods, why tax the goods when they come in?

Tariffs are best used to protect Domestic production - either raw goods, resources, or manufacturing. Otherwise, they are counter-productive. There are “political” uses for Tariffs, but that only makes them more expensive to buy in our country.

Once I've used my domestic resources, I must purchase resources produced by other countries on the international market. Why would I purchase it if I don't need it? If I'm growing wheat, I want to use Domestic-produced wheat for bread for the people, instead of bread purchased from an international grower, because it’s more expensive to import wheat, when we add in shipping and tariffs. Same with tin, aluminum, iron, steel, corn, soy, wheat, and so on. Also, I can spend my money where I want to, supporting the countries and producers that align with my political goals.

For instance, let's say I make machine parts. I don't want domestic shoppers to buy them from an international maker when I can make goods to order in a timely manner. Same with automobiles, tractors, airplanes, sewing machines, computers, etc. In these examples, I would impose a tax, or tariff, on the imported goods so that my domestic industries are supported and not undersold by inequalities in labor costs or resource production from international producers.

What about the things I don't make? Like computers, fabric, wool, fabric dyes, tea and coffee, printers, televisions, and so on? Those, I must import - or develop manufacturing for them. If I must import these goods no matter what, why would I want them taxed? Taxing the goods would only make them more expensive for their end-users - my people! So, I would not tax these goods.

What about the things I produce in excess? Like wheat, corn, soy, automobiles, paper, and so on? Tax those on the way out? Why? If raw goods, and there is no domestic use for this excess, let the goods be sold on the international market. And if I make goods that no one else makes, then those can be sold on the international market, as well. However, with the inventiveness of other countries, selling my manufactured goods may not bring much in trade to counteract a trade deficit.

Tariffs are not an effective political tool. They are meant more for protection of domestic production. They might be used to punish, or deter trade from, an international producer of a widely-available good. For instance - let's say fabric can be purchased from several international producers. I might impose a larger tariff on goods produced in a country that doesn't align with my political agenda in foreign policy. But if that country is the only producer, this tactic won't work.



Friday, January 21, 2011

Didn't find the alarm source

The guys from Habitat didn't find the alarm source. They have to try a different tool. Maybe a metal detector? How about a pitch fork or spading fork?

Meanwhile, I can't keep the house if money doesn't turn around, anyway. And I can't concentrate to make money because I can't sleep. A Catch-22.

Maybe it's time for me to give up. Maybe I don't have it in me anymore to keep fighting. It just seems like no matter what I do, I'm hitting a brick wall.

I'm not following God's will, that's all I know for sure.

With God behind me, everything is easy and works. The universe gets behind me and pushes me along to give me speed. I float and fly through things that take others weeks and months to do.

When I'm on the wrong track, I hit wall after wall after wall. School is a wall,the house is a wall, the electric bill is a wall, work is a wall. My health is a wall. Absolutely everything I do right now is twarted.

Except going to meetings. That I can do well.

I'm so tired. I'm so worn out. I need to sleep, and I keep getting woken up.

I qualify by income to have my taxes done for free - but because I need a schedule C, I have to pay $100. I don't have $100 to pay to have my taxes done. I still owe $380 from the last 2 years of having my taxes done. I even qualify for the EIC for the first time in my life!

Yeah, cancer is a bitch. I lost a friend to cancer overnight. I'm lucky my situation was only a scare of cancer. But living with the economic consequences of that is a TOTAL BITCH!!!!!

Tuesday, October 2, 2007

Congress Prosposes a Surchage Tax for Iraq War

Oh Yeah!!!

I vote that every person who wants the war to continue pay 12% of their net income to pay for it. The rest of us can sit back and watch while you go broke.

Forget taking it off your taxes at the end of the year, too!

Friday, August 3, 2007

I'm listening to WUOT

I get most of my news from WUOT, also known as NPR - National Public Radio.

I feel for the folks in Minneapolis/St. Paul about the bridge collapse. I think the government telling the states that they have to keep the NATIONAL highway system up to date is a farce! The interstate system is just that - INTER-state, not INTRA-state. The feds get enough of my paycheck, that they should be able to keep the roads and bridges working well.

I'm tired of running across potholes that take out the undercarriage of my car.