Trump Promises to Create External Revenue Service

[Pommer]

Tariffs do come from foreign sources because the domestic importer is an agent/partner of the foreign seller. They jointly share the costs of tariffs.

Who told you this?
No, This “if I can get it cheaper from another vendor, I’m going to agent/partner with them…unless you pay half the tariff”, has probably never worked. It makes the goods more expensive to produce which raises the prices, if demand goes down, costs raise even more, (for the producers), as they don’t typically have room for the inventory they used to sell, and they have to raise prices.
(Or sell at a loss to “keep the lights on”!)

 

[Nithavela]

What foreign sources?

Protection money rackets.

 

[iluvatar5150]

Tariffs do come from foreign sources because the domestic importer is an agent/partner of the foreign seller. They jointly share the costs of tariffs. Then they recoup some of it by higher prices as it should.be.... things made by foreign slave labor are artificially low. The higher prices will incentivize the increase in domestic production of those imported items that can now be profitably produced domestically.... more jobs and makes Americans less dependent on essentials from foreign countries that they can produce domestically. Depending on foreigners for essentials is a national security risk.

lol, however you want to spin the mechanics of this 21st century version of trickle-down economics, the tariffs are paid out by somebody stateside. Whether they’re a “partner”, customer, or otherwise of the foreign entity, the firm paying the tariff is in the US.

But tariffs are just one source of foreign revenue. Royalties from resource development/export and interest from money lending also come from foreign sources.

Resource development is typically leased out to American subsidiaries.

What’s wrong with our current mechanisms for collecting interest on foreign loans?

And I'm sure creative minds will use the power and influence of America to find other foreign sources of revenue. The leftists are the ones with the idiotic slavery propaganda who must hate the American people to want more taxes.

ah okay, so you don’t know. You’re just guessing. got it

 

[KCfromNC]

Here is a free website. Clearly, the global pandemic in 2020 was the outlier in which almost everyone in federal government wanted the huge amounts of extra spending, for various reasons, to stimulate the economy and give money to families, businesses, and corporations.

A predictably quick retreat from claiming how bad it was Biden was terrible with the debt to excuses for why Trump to be terrible with debt.

Seems like it would be simpler research these claims before posting them rather than after, though. But then again, if GOP talking points were researched we wouldn't have to continue to explain things like how tariffs work.

 

[Canuckster]

lol, however you want to spin the mechanics of this 21st century version of trickle-down economics, the tariffs are paid out by somebody stateside. Whether they’re a “partner”, customer, or otherwise of the foreign entity, the firm paying the tariff is in the US.



Resource development is typically leased out to American subsidiaries.

What’s wrong with our current mechanisms for collecting interest on foreign loans?



ah okay, so you don’t know. You’re just guessing. got it

The American govt will collect royalties from companies that develop her vast resources. And what's wrong with America's current system of collecting interest is that America doesn't collect interest it pays interest on a $37 tril debt. America should be lenders of money not borrowers. I've already explained that in another thread.

 

[Canuckster]

Who told you this?
No, This “if I can get it cheaper from another vendor, I’m going to agent/partner with them…unless you pay half the tariff”, has probably never worked. It makes the goods more expensive to produce which raises the prices, if demand goes down, costs raise even more, (for the producers), as they don’t typically have room for the inventory they used to sell, and they have to raise prices.
(Or sell at a loss to “keep the lights on”!)

Can't get it cheaper from another foreign seller/"vendor" cause the tariffs are on all foreign sellers. The importer and the foreign seller are the same entity in relationship to the tariffs. And yes, the prices will rise as they should which will incentivize domestic production. This will restore production/manufacturing to America on all items that can be produced domestically.... like it used to be where items are produced/manufactured where they originated, where they were invented/created. If Trump does what he says he going to do, America is going to be restored and when America if fully restored it will spread throughout western civilization which is a terror to the leftists and their "deep state" international overlords who are hard at work taking down western, what used to be "Christian" civilization.

 

[Say it aint so]

That website has a pay wall and I am not going to pay anything to dive into that article.

U.S. National Debt by Year

The U.S. national debt is the total of what the federal government owes creditors. The U.S. has always carried debt, but the total has expanded rapidly since 2008.

www.investopedia.com

Here is a free website. Clearly, the global pandemic in 2020 was the outlier in which almost everyone in federal government wanted the huge amounts of extra spending, for various reasons, to stimulate the economy and give money to families, businesses, and corporations.

HERE's one of several sites that note the same percentage change where percentage wise Trump added twice as much.

Even if there was pandemic spending that caused Trump to out debt Biden, not sure why would claim catastrophe when the deficit declined under Biden? And you know what, I have learned here that actions taken during pandemics, like the FEDs raising interest rates to combat world wide inflation, doesn't matter. It's still the sitting presidents fault.

 

[iluvatar5150]

The American govt will collect royalties from companies that develop her vast resources.

Again, those are typically American subsidies of foreign countries. IOW, they're domestic firms that pay those royalties to whatever agency collects them from other domestic firms.

And what's wrong with America's current system of collecting interest is that America doesn't collect interest it pays interest on a $37 tril debt. America should be lenders of money not borrowers.

uh... ok. What you're describing is a pretty significant shift in America's economic relationship to the rest of the world. You don't make a change like that just by making a new government agency.

 

[Vambram]

HERE's one of several sites that note the same percentage change where percentage wise Trump added twice as much.

Even if there was pandemic spending that caused Trump to out debt Biden, not sure why would claim catastrophe when the deficit declined under Biden? And you know what, I have learned here that actions taken during pandemics, like the FEDs raising interest rates to combat world wide inflation, doesn't matter. It's still the sitting presidents fault.

Opinions may vary about the National Debt and the budget deficits. You and I are not going to agree with one another about this.

 

[Canuckster]

uh... ok. What you're describing is a pretty significant shift in America's economic relationship to the rest of the world. You don't make a change like that just by making a new government agency.

The Fed govt will obtain revenue from resource development/export.

Yes, I've described in a little detail in another thread the changes that must be made for the American govt to go from being the biggest borrower/debtor in the world to being the biggest lender/banker in the world. And it involves abolishing the private Fed and the private Federal Reserve note (the de facto world currency) in exchange for either a US public bank or the US Treasury acting as a public bank producing debt-free public US notes (still the de facto world currency) to replace the private Fed notes. No nation, including America, needs to borrow their own money from private middlemen for a fee (interest). Whether Trump will enact such changes depend upon whether he or any on his staff understand money. If he does it will ripple through the entire world eventually eliminating global govt debt which is about $102 trillion.

 

[Vambram]

A predictably quick retreat from claiming how bad it was Biden was terrible with the debt to excuses for why Trump to be terrible with debt.

Seems like it would be simpler research these claims before posting them rather than after, though. But then again, if GOP talking points were researched we wouldn't have to continue to explain things like how tariffs work.

Yes, let us not forget just how totally awesome the progressive left wing liberal policies of the Democratic Party are.

 

[Nithavela]

The American govt will collect royalties from companies that develop her vast resources. And what's wrong with America's current system of collecting interest is that America doesn't collect interest it pays interest on a $37 tril debt. America should be lenders of money not borrowers. I've already explained that in another thread.

Are you suggesting some sort of student loan forgiveness for the United States of America?

 

[Say it aint so]

Opinions may vary about the National Debt and the budget deficits. You and I are not going to agree with one another about this.

Yes. I made a statement and backed it up. You offered opinion. I can see why we wouldn't agree.

 

[Canuckster]

Are you suggesting some sort of student loan forgiveness for the United States of America?

I explained it in another thread. And there should be no forgiveness for the creditors or their agents. It should be dealt with swiftly by military tribunal.

 

[Nithavela]

I explained it in another thread. And there should be no forgiveness for the creditors or their agents. It should be dealt with swiftly by military tribunal.

Ah, so you suggest to just kill your creditors. A cunning move.

 

[Canuckster]

Ah, so you suggest to just kill your creditors. A cunning move.

Who said anything about kill? And you forgot to mention their agents.

 

[comana]

Who said anything about kill? And you forgot to mention their agents.

What did you mean by “swiftly “ if not kill? It’s more or less a euphemism for execution.

 

[Vambram]

Yes. I made a statement and backed it up. You offered opinion. I can see why we wouldn't agree.

I offered analysis of the facts. In my opinion, your bias causes you to reject some the facts surrounding your basic numbers.

 

[Say it aint so]

I offered analysis of the facts. In my opinion, your bias causes you to reject some the facts surrounding your basic numbers.

You offered analysis devoid of fact. Numbers that add to debt is not a matter of opinion. Specially when given multiple sources I provided saying the same; seeing they come from the same group tasked to track those numbers. What you offered was an excuse why the numbers under Trump (and worse than Biden's) were what they are. That does not change the fact of what they are.

 

[Pommer]

I offered analysis of the facts. In my opinion, your bias causes you to reject some the facts surrounding your basic numbers.

Analysis of your own opinion isn’t analysis.