Either the point went completely over your head, or you chose to take an obtuse interpretation of what I said.
How so? Here is your quote: "but these tariffs and other policies are making cost of living more expensive. If you save a $100 on taxes, but over the course of a year, if it costs you $300 more to buy everyday things, it shouldn't take a genius to figure out that you are worse off." You talked about buying everyday things. My point is that it is possible to cut back on the spending of "everyday things." We often don't do it because we are in a rush, or we have an impulse purchase, but I bet everyone here could cut back their weekly grocery store bill with a little planning and focus. Other things. Ditch the cable. Ditch the gym membership, buy a few weights and go jogging. The list goes on and on. Am I still missing something? I ask sincerely. Actually, maybe this is it: you're saying that tariffs are raising the costs of everyday items, and make the tax cuts moot. I think that's debatable/disputable. But, let's go with your assumption. In that case, see above. Most people don't reign in their spending as they really should. See: average credit card debt per capita. I'll go with lowered taxes, keeping more of money, and then being frugal if costs do go up because of tariffs or whatever.
No libertarian would be defending protectionism. I think free trade was chapter 2 in The Revolution manifesto after legalization of weed
Let me get this straight: you prefer a $100 tax cut that will make you effectively poorer and lose the the things you could afford before the cut?
The premise that the tariffs are driving the costs of everyday goods higher. How long have the tariffs been in effect? A month or two? Maybe three? It's too early determine the impact. True, some impacts may already been seen, but it's still too early to have a legitimate larger conclusion about them. The poster above was suggesting (or outright stating) that the savings from the tax cut will be wiped out by higher prices on everyday goods, resulting from the tariffs. I'm disputing the idea that we can conclusively say that, at least right now. Some prices might go up, other prices might not. But it's too early to know that, in my opinion. Moreover, for most people, the benefits of the tax cut won't be seen until next spring. (April 15 or whatever the date is.) It's too early to say about that as well. People might have an idea of the savings, but they won't see it (receive it) until tax filing season. And we really are wandering off the Cruz-Beto topic, although these issues could conceivably face the winner of that race.
The tariffs are and will increase the cost of everyday goods immediately, and will likely have a ripple increase in inflation across the entire system. This is simply because the US consumers rely heavily on imports and the importers,and everyone else in the chain, will pass the increased cost downstream until it hits the consumer (business owners have never been known to absorb cost increases). Even industries that are not directly impacted will likely have to increase the cost of their goods to raise pay for the increased wages that their workers will demand in response to the increased price of consumer goods. The only cap to the increase in the price of a local on tariff exempt alternative but prices will go up That is more likely what will happen given that the tariffs are at significantly higher percentages than the tax cut. Maximum tax cut is 4.3% for people earning $500-1M, while those households earning less than $200k will see maximum tax cut of 2%. Tariffs on the other hand are higher than 10% and as high as 50% in some cases. People are already getting the benefits from the new withholding being used. What would shock most people next year (and ironically after the midterms) is the reduction in tax refund, as most of those credits and deductions that are not accounted for in withholding have been capped or removed. I think it is relevant in choosing who one feels will act in the best interest of his constituents vs big donors
and im astounded by your willful ignorance. you say the trump tax cuts will not benefit the wealthy and you deny the existence of trumps $12 billion dollar subsidies to farmers who were hurt by his tariffs. it entered the discussion b/c you started arguing with me about it and claiming it didnt happen. and you just put "fact" in quotes which means you still dont believe it happened. truly astounding! you said... when i showed you news articles discussing said subsidies all you could do was attack the source and called them leftists...you are so brainwashed that you claimed fox news, bloomberg and the wall street journal are leftist. they werent even offering opinion...they were reporting the "news" of what happened and you still dont believe it! im truly astounded! good lord! that tells us all we need to know about where you are coming from. im going to post an article from the only news source that you think is "dependable"...here is breitbart discussing trumps plan to give $12 billion of our tax dollars to farmers to make up for losses due to his tariffs...is breitbart "leftist" now? https://www.breitbart.com/big-gover...ency-farmer-aid-plan-mitigate-tariff-effects/ The Trump administration announced on Tuesday that a $12 billion farmer emergency aid plan is in the works on Tuesday to temporarily mitigate the effects of U.S. tariffs and ongoing trade negotiations. you cant even acknowledge basic facts, but you want to argue about them. again, its one thing to have an opinion on the issues, but another to willfully ignore basic facts and cry about how everything is "leftist".
haha....no libertarian would support donald trump and his protectionist trade policies and farm subsidies. actually, thats not true at all. but as someone who intentionally avoids paying attention to the news i can understand why you would think that. ...on second thought, i cant understand that. anyone with any common sense should be able to recognize that these costs are always passed onto the consumer. and as a libertarian, you of all people should be a staunch defender of free market capitalism and a consumer-based economy. the fact of the matter is that you cant be a trump supporter and a libertarian. im sure you will dismiss the source as "leftist", but here is a recent article talking about housing costs going up due to tariffs on lumber...as much as $9k for the average house... article from CNBC and source is the NAHB - the National Association of Homebuilders - If you think the homebuilding industry is a bunch of "leftists" than you are even more out there than i already think you are... again, im sure you will dismiss those as "leftist" so here the only source you trust, breitbart...
That's not really true though. While I'm not one of them, I know numerous libertarians who were/are pretty high on Trump. They view him as a now extinct species, a business friendly Democrat. They like that he's the first president who was pro gay marriage before being elected, they like that in their words "he's not a warmonger" in that he has a habit of speaking out against foreign involvement in the past they like that he's hated by the establishment of both major parties. They like quite a few things about him honestly. I still don't see it really, but I'm not as fervently #NeverTrump as I once was. I still can't see voting for him, but his presidency isn't the end of the world scenario I once thought it would be.
He was the least fiscally responsible option of anyone... so I don’t think you actually know any libertarians, or they’re ignorant or just plain liars too embarrassed to admit they’re republicans (which I understand).
Not only am I personally a libertarian, I know a ton of them, both left leaning and right leaning. I told you the things that some of them that supported Trump focused on, doesn't mean I agree with them. In fact, I was a #NeverTrump person from the start so you don't have to sell me on the reasons to have not supported him. Still doesn't change why some libertarians supported him. There was no reason to support either major party candidate last election so no matter what reason you supported one of them, there are holes in your logic.
I haven’t seen that. I helped start the young anericans for liberty chapter in central texas while at texas state (after walking out on the college republicans when they tried to make me join in on group prayer). And while I’ve moved on from most of those beliefs my social media timeline is still populated by their discussion, also Reason articles and other libertarian outlets, and I’ve never seen much support for him from any of them. Anyways that’s off topic. #Beto
