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Post by Fiddler on Nov 19, 2024 17:13:52 GMT
Philip Daniele, the CEO of AutoZone (NYSE:AZO), has stated unequivocally that if these tariffs are imposed, consumers will bear the expense. On a recent earnings call, Daniele said, “If we get tariffs, we will pass those tariff costs back to the consumer.” The company expects to raise prices even before the tariffs take effect, anticipating how these new policies will impact its margins.
The National Retail Federation expressed similar views, describing the tariffs as “a tax on American families” and warning that the cost of daily goods like furniture, shoes and clothes might rise sharply.
According to their research, a $90 pair of sneakers might cost $106-116 and a $100 coat could cost up to $21 more. Footwear companies, in particular, are worried – since nearly 99% of all shoes sold in the U.S. are made abroad, it will be tough to move production to the U.S. anytime soon.
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queshank
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Post by queshank on Nov 19, 2024 19:06:59 GMT
Philip Daniele, the CEO of AutoZone (NYSE:AZO), has stated unequivocally that if these tariffs are imposed, consumers will bear the expense. On a recent earnings call, Daniele said, “If we get tariffs, we will pass those tariff costs back to the consumer.” The company expects to raise prices even before the tariffs take effect, anticipating how these new policies will impact its margins.
The National Retail Federation expressed similar views, describing the tariffs as “a tax on American families” and warning that the cost of daily goods like furniture, shoes and clothes might rise sharply.
According to their research, a $90 pair of sneakers might cost $106-116 and a $100 coat could cost up to $21 more. Footwear companies, in particular, are worried – since nearly 99% of all shoes sold in the U.S. are made abroad, it will be tough to move production to the U.S. anytime soon.
They say the same thing about federal taxes and carbon capture plans.
But you scoff at the notion Fiddler.
Why?
Queshank
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Post by freonbale on Nov 19, 2024 19:22:45 GMT
Philip Daniele, the CEO of AutoZone (NYSE:AZO), has stated unequivocally that if these tariffs are imposed, consumers will bear the expense. On a recent earnings call, Daniele said, “If we get tariffs, we will pass those tariff costs back to the consumer.” The company expects to raise prices even before the tariffs take effect, anticipating how these new policies will impact its margins.
The National Retail Federation expressed similar views, describing the tariffs as “a tax on American families” and warning that the cost of daily goods like furniture, shoes and clothes might rise sharply.
According to their research, a $90 pair of sneakers might cost $106-116 and a $100 coat could cost up to $21 more. Footwear companies, in particular, are worried – since nearly 99% of all shoes sold in the U.S. are made abroad, it will be tough to move production to the U.S. anytime soon.
They say the same thing about federal taxes and carbon capture plans.
But you scoff at the notion Fiddler.
Why?
Queshank
I'm willing to pay more for carbon capture because climate change is largely human-made, there is NO legitimate debate on that, and I'm paying for my children's future and the future of our species. And the return on investment is measurable, meaning as more and more carbon capture strategies are employed, we will see a reduction in climate change effects, both directly and indirectly. What am I paying for with tariffs? It's not like we have domestic production, and we are shifting to a nationalist buying strategy. We're just getting more money from foreign producers, should they choose to sell here. And to keep their products at a competitive financial level, they will have to decrease the quality and/or find new sources of labor that are even worse than existing, in terms of human abuse. For the industries that ARE domestic, it creates a monopoly, decreases innovation, and decreases quality, as competition pressure is significantly less. In general, it means less choice in products at lower quality, with higher corruption and harm to the environment and our health. That's what you voted for. Freon |
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queshank
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Post by queshank on Nov 19, 2024 19:32:40 GMT
They say the same thing about federal taxes and carbon capture plans.
But you scoff at the notion Fiddler.
Why?
Queshank
I'm willing to pay more for carbon capture because climate change is largely human-made, there is NO legitimate debate on that, and I'm paying for my children's future and the future of our species. And the return on investment is measurable, meaning as more and more carbon capture strategies are employed, we will see a reduction in climate change effects, both directly and indirectly. What am I paying for with tariffs? It's not like we have domestic production, and we are shifting to a nationalist buying strategy. We're just getting more money from foreign producers, should they choose to sell here. And to keep their products at a competitive financial level, they will have to decrease the quality and/or find new sources of labor that are even worse than existing, in terms of human abuse. For the industries that ARE domestic, it creates a monopoly, decreases innovation, and decreases quality, as competition pressure is significantly less. In general, it means less choice in products at lower quality, with higher corruption and harm to the environment and our health. That's what you voted for. Freon
Free trade is definitely good. Not so much when the two trading partners aren't on equal footing.
I do notice you apeing the arguments that advertising exec made in the video you shared. That somehow ... only one company will ever be able to make <insertproductnamehere. if we don't let our wealthiest citizens benefit from investment in factories that use slave labor. And I think it's as ridiculous coming from you as it was coming from him.
Queshank
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Post by freonbale on Nov 19, 2024 21:30:56 GMT
I'm willing to pay more for carbon capture because climate change is largely human-made, there is NO legitimate debate on that, and I'm paying for my children's future and the future of our species. And the return on investment is measurable, meaning as more and more carbon capture strategies are employed, we will see a reduction in climate change effects, both directly and indirectly. What am I paying for with tariffs? It's not like we have domestic production, and we are shifting to a nationalist buying strategy. We're just getting more money from foreign producers, should they choose to sell here. And to keep their products at a competitive financial level, they will have to decrease the quality and/or find new sources of labor that are even worse than existing, in terms of human abuse. For the industries that ARE domestic, it creates a monopoly, decreases innovation, and decreases quality, as competition pressure is significantly less. In general, it means less choice in products at lower quality, with higher corruption and harm to the environment and our health. That's what you voted for. Freon
Free trade is definitely good. Not so much when the two trading partners aren't on equal footing.
I do notice you apeing the arguments that advertising exec made in the video you shared. That somehow ... only one company will ever be able to make <insertproductnamehere. if we don't let our wealthiest citizens benefit from investment in factories that use slave labor. And I think it's as ridiculous coming from you as it was coming from him.
Queshank
I do notice that you still have not shared a legitimate counter-opinion. Which tells me you either cannot find one, or you are so loyal and obedient, it would not even occur to you to challenge the strategy. Freon |
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Post by rabbitreborn on Nov 19, 2024 21:57:07 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services?
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DaveJavu
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Post by DaveJavu on Nov 19, 2024 23:55:47 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services? I'd guess that any tax whatsoever would be an ad hoc pretext to raise the price of goods... |
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Post by rabbitreborn on Nov 20, 2024 0:12:38 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services? I'd guess that any tax whatsoever would be an ad hoc pretext to raise the price of goods... Indeed! |
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bama beau
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Post by bama beau on Nov 20, 2024 5:07:02 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services? Overall, no. |
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petep
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Post by petep on Nov 20, 2024 12:44:54 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services? Overall, no. Stupid on full display. |
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Post by rabbitreborn on Nov 20, 2024 13:19:40 GMT
Would raising the corporate tax rate on domestic companies have a similar impact to cost of goods and services? Overall, no. Taxing domestic corporations more has no impact, but taxing foreign firms more does? |
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Post by atreyu on Nov 20, 2024 17:23:17 GMT
Taxing domestic corporations more has no impact, but taxing foreign firms more does?
When do we tax foreign firms?!
Why are you suddenly pro tax?
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DaveJavu
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Post by DaveJavu on Nov 20, 2024 17:33:31 GMT
I'd guess that any tax whatsoever would be an ad hoc pretext to raise the price of goods... Indeed! When we changed from Franc to Euro, the change was free of charge. Some stores however took advantage of it to sneakily increase the prices of their goods thinking that being unfamiliar with the new currency people wouldn't notice. |
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Post by rabbitreborn on Nov 20, 2024 17:40:53 GMT
When do we tax foreign firms?! Tariffs. Please try to keep up. Why are you suddenly pro tax? Who said I was? Can you quote the part where I support taxation? |
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Post by Fiddler on Nov 20, 2024 17:52:29 GMT
Taxing domestic corporations more has no impact, but taxing foreign firms more does? Corporate taxes are on profits.. Profits that can easily be made tax exempt by reinvesting rather than hording the wealth.. |
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Post by Lomelis on Nov 20, 2024 18:55:26 GMT
Taxing domestic corporations more has no impact, but taxing foreign firms more does? Corporate taxes are on profits.. Profits that can easily be made tax exempt by reinvesting rather than hording the wealth.. And tariffs can easily be made exempt by reinvesting in the US instead of importing goods produced by children in foreign sweatshops. The fact is that both tariffs and corporate taxes put upward pressure on prices as the costs of those taxes/tariffs get passed along to the consumer. |
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petep
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Post by petep on Nov 20, 2024 19:11:34 GMT
Corporate taxes are on profits.. Profits that can easily be made tax exempt by reinvesting rather than hording the wealth.. And tariffs can easily be made exempt by reinvesting in the US instead of importing goods produced by children in foreign sweatshops. The fact is that both tariffs and corporate taxes put upward pressure on prices as the costs of those taxes/tariffs get passed along to the consumer. The socialist also isn’t taking into account the economic multiplier effect of one industry - ie mfg a product at home - vs simply buying it overseas. |
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Post by rabbitreborn on Nov 20, 2024 21:50:40 GMT
Taxing domestic corporations more has no impact, but taxing foreign firms more does? Corporate taxes are on profits.. Profits that can easily be made tax exempt by reinvesting rather than hording the wealth.. "Hoarding the wealth". You mean paying profits to ownership who have invested and risked capital? I oppose tariffs and increased corporate tax rates. But if I have to pick, I'd rather increase tax on foreign firms than domestic ones, regardless of how easy you think it is to have them avoid "hoarding wealth". |
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thor
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Post by thor on Nov 20, 2024 21:57:52 GMT
Corporate taxes are on profits.. Profits that can easily be made tax exempt by reinvesting rather than hording the wealth.. "Hoarding the wealth". You mean paying profits to ownership who have invested and risked capital? I oppose tariffs and increased corporate tax rates. But if I have to pick, I'd rather increase tax on foreign firms than domestic ones, regardless of how easy you think it is to have them avoid "hoarding wealth".  |
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Post by atreyu on Nov 20, 2024 22:59:14 GMT
When do we tax foreign firms?! Tariffs. Please try to keep up. Why are you suddenly pro tax? Who said I was? Can you quote the part where I support taxation?
You think tariffs are a tax on foreign firms?
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