So should we pay our workers the same as the countries we import from to lower our prices?
Should we get rid of environmental regulatoins and safety polices to lower our prices?
The banks cant touch the money until federal laws are changed. Im not a pot head but from what others have told me there are often ATMās in the dispensary. The owner of the place often owns the ATM and gets that nice ATM fee for withdraw. Then you use that cash to buy. The dispensary uses THOUSANDS in cash to buy product from growers and processors. I am not sure what they are doing for payroll and payroll taxes.
Yes!!!
The imported widget costs more, that would cause many people to buy the less expensive American made one
After spending a week in Mexico and seeing that they obviously have no equivalent of OSHA or EPA I understand why their costs are lower.
In Missouri they are. I went to get some gummies. They wonāt even run a debit card as creditā¦they run it as an ATM withdrawal. Hereās how it went for me
Total purchase as $89. They ran my debit card thru for $103ā¦$100 was the ATM withdrawal and $3 was the ATM service fee. Then, they give me $14 back. I actually ended up with a $3 discount since my back reimbursed the ATM fee. But thatās how itās done in Missouri, or at least at From the Earth dispensary.
Once again with feeling. They WERE paying $5 for the imported widget because the American widget was $7.50. So lets say in December 2024 they bought a $5 widget. Then a tariff is implemented making the imported widget cost $7.85. So In February 2025, they opt for the ālower pricedā American widget and spend $2.50 MORE than they spent in December. How is that any different than paying $2.50 more for anything because of inflation?
Once again, should we slash regulations and get rid of minimum wage so we can make them for the same price here?
And implement Mexican wages? Yeah,OSHA was missing down there but they didnāt pass those āsavingsā on to employees there. Cut all the regulations but when a person in the US is being paid $10 an hour and a person in Mexico is paid $1 an hour, the American product is still going to be more expensive.
I mentioned minimum wage in my post
So lower the prices but also lower the pay. Okie dokie.
I am just trying to explain the economic reality to you.
The US needs to impose tariffs on countries that do not live up to our standards, and those tariffs need to be in proportion to the lack of standard that each country has.
If the cost of making a widget in the US is 25% higher than in Mexico because they donāt follow our regulations or minimum wage, then we slap a 25% tariff on that product.
1 Like
Very true. Now what will that do to the price of that product? I mean some posters have been very critical of āBidenflationā making the price of things unaffordable and has forced some people to max out their credit cards. So they will vote for a guy who will promise to tame the inflation rate that is currently 3% and not the 10% his candidate talks about. It was never 10%. So letās say he lowers inflation to 1%, but implements a 25% tariff on most things Americans are buying They can either buy American and pay more, or they can continue buying the import and pay more. Either way, Americans will pay more. And Iām trying to figure out how this will help those people with maxxed out credit cards.
Make it the same as what it is if produced here.
Which will keep the money spent on the product here.
Which will then make that money subject to the economic multiplier effect.
Which will help the economy.
Like I said, short term pain, long term success. Just like you claim Jimmy Carter did.
1 Like
Because a lot of people will choose to buy the lower priced American made widget.
Should we lower the corporate tax, itās being paid for by the customer also?
The cost of raising the minimum wage is passed on to the customer,care you against that like you are against tariffs?
BTW I donāt recall you being against the Obama or Biden tariffs, why is that?
Dudeā¦for the folks you are so concerned aboutā¦those that have maxxed out those credit cardsā¦I didnāt say anything abut minimum wage, but if the price of imported goods are INCREASED to be more in line with American prices - how exactly does this help them?
That is why things are cheaper overseas.
So are you suggesting that we abolish the minimum wage and have workers accept $10 per day instead of $10 per hour? All I said was if you abolish OSHA and any other governmental requirement, you still have that wage bugaboo which is still going to keep American products costing more.
It helps American companies and their employees. ALL costs to a business are passed on to the customer, you only seem to care about tariffs and ignore corporate taxes, minimum wage laws and regulations.
For the third timeā¦Should we lower the corporate tax, itās being paid for by the customer also?