Vol8188
revolUTion in the air!
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How you spend it, absolutely not. Because a washing machine is more expensive does not force you to buy it. It's not something you had that was taken away. With tariffs you still have the same choices you had before, some are more expensive now.
Just like now without tariffs I have options that are more expensive if I want American. And taking a choice away would not be hurting you. Unless you believe everytime you make a decision and buy something you are inherently limiting yourself by no longer being able to make that choice.
Tariff or no the same options are out there. Prices go up or down as they will. If the cheap option goes from 500 to 550 you haven't been harmed and you have lost nothing by the cost going up. Just like if I choose the more expensive option I have not cost myself the cheap option.
I live in a country that demands a burial for a fetus but has no problem bulldozing an indigenous gravesite for an oil pipeline.
Raising the price of an item is taking away choice unless finances are not a consideration. If they lower the costs of European super cars to the price of a Honda, I have a lot more choices.
It depends on what product your talking about. Swiss watches, Italian cars, caviar, luxury brand clothing, etc are generally more expensive than their American counterparts and finances is a limit for me and most other people I know.
I now have to work longer to afford the $50 increase in price. The harm will be more time away from my family and/or reducing the cost of something else to offset the $50 increase. I am now $50 dollars poorer due to the price increase.
to your last point: Then it doesn't matter if an item is cheaper or not if you can't afford it? Whether the cheapest item goes up or there is only one option that is expensive you still have to work more; but neither option was taken away from you.
This is like anything, price going up doesn't take away from you, it just influences your decision making process. At some point the price, even on the cheapest item, becomes prohibitive. You have not been denied anything by Europen sports cars being more expensive; you just have to make further considerations. Like if I want to eat cake all day, I can; but then I would have to drastically work out more to keep the weight off. Is the higher calories in the cake limiting my options on what I eat? No. but it does influence my mindset.
Everything we are talking about are luxury items. Car, luxury. Washing Machine, luxury. TV, luxury. I went two years without any of those. kinda wish I was still there. None of those directly influence my way of living. Car, I used public transit, washing machine both my apartment complex machines and the laundry mat across the street were options. TV, ha. Each influenced how I lived but my options weren't limited, if anything I just had to consider more options.
again if that person buys a 300 dollar washing machine, they have then limited themselves on what other 300 dollar items they can buy. the market doing the same thing is in no way wrong.
Living within your means, whatever they are, will do more for your way of living than cheaper goods will.
If I have $100 and the price of x is $101, then x is not an option which = less options.
that difference can come from any source. if you can't afford it, you can't afford it. You still had the chance to buy it, no one is denying you that chance. they aren't saying you specifically can't. your financials are saying you can't get it, but you still have that chance.
I can't afford a European super car so my finances deny me the choice of a European super car. Using your cake analogy, at some point you consume enough cake that there isn't enough time in the day to work off the calories. In order to remain fit, there is a limit on the amount of cake you can consume.
yes what you have done, not what some outsider (market or government) has done. and in this case if the market ruled your finances could be in worse condition if you don't have a protected job
Correct. If the market is doing it, it's not wrong. However, if a politician is doing it to curry favor with a favored group, it is immoral.
agreed. but what about your own choices? stuck working at McDonalds your whole life, maybe you should have taken school more serious. can't afford your 5th kids birthday present, maybe you should have stopped at 4 or sooner. the price did nothing to you. you did it all yourself
Cheaper goods is a big part of living within your means. Wal-Mart's slogan "live better" alludes to having more choices within your means due to cheaper goods which equals more wealth.
If I may 10k a year. I have no more wealth if I spend it all than if I don't. I would argue I have less if I spend it all with depreciation of goods. outside of reverse interest, in which case I could pull my money, I am not going to lose value if I don't spend it.
If government intentionally raises a price to where people can no longer afford it, that's on the government. To deny that is to be intentionally dishonest.
If you make x per year (10k since that's what you used) your wealth is decreased by the higher prices created through tariffs. No different than how inflation decreases your wealth. Because it limits your purchasing power.
to the first paragraph, how is that any different than the cost of doing business? If the price goes up because of a lack of supply apparently that is no big deal. If price goes up because of increase cost of an piece of it (lack of supply), no big deal, even if that final price increase is protecting a business along the way. If the price goes up because a company doubled its overhead that is no big deal. If the price goes up to protect a profit line because of a tariff placed on the buyer (Walmart) suddenly its a bad thing?
Businesses protect themselves any number of ways, government isn't allowed to do the same thing? right or wrong its hypocritical.
It's wrong when the government does it because they are doing it through coercion. They are in this case acting as hired goons on behalf of a favored group to extort from you a higher than market price in order to benefit the favored group.
The distributor doesn't have to jack up its prices. they could take a smaller margin of profit. but they don't. you see coercion all the time in the market. Walmart is a great example. these cheap goods from China, huge coercion there. but I guess its only wrong if we do it?
and i think its a fallacy to say in the case of tariffs that the goal is higher prices. the goal is more American businesses working in America, more American products on the shelves. And I am willing to bet for every cheap Chinese (insert foreign country here) option we "take" away, we add an American product. In some cases it may not be a 1:1 trade, but you will see more American options appear. and as our manufacturing becomes competitive more American companies will rise and we will have more options.
The distributor doesn't have to jack up its prices. they could take a smaller margin of profit. but they don't. you see coercion all the time in the market. Walmart is a great example. these cheap goods from China, huge coercion there. but I guess its only wrong if we do it?
and i think its a fallacy to say in the case of tariffs that the goal is higher prices. the goal is more American businesses working in America, more American products on the shelves. And I am willing to bet for every cheap Chinese (insert foreign country here) option we "take" away, we add an American product. In some cases it may not be a 1:1 trade, but you will see more American options appear. and as our manufacturing becomes competitive more American companies will rise and we will have more options.
Louder,
Since you have no issue with the government making things more expensive, can you explain to your stance on minimum wage? You must believe it's good to increase minimum wage, correct?