tag:blogger.com,1999:blog-2761684730989137546.post5476234552706009536..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Border Taxmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2761684730989137546.post-55636508830620009952017-02-02T21:02:35.989-05:002017-02-02T21:02:35.989-05:00Hey I'll remember that insult Ed! ;)Hey I'll remember that insult Ed! ;)Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48475194702322878062017-02-02T19:38:07.828-05:002017-02-02T19:38:07.828-05:00Matt - I don't know about 'Trumpian', ...Matt - I don't know about 'Trumpian', but to me you're sounding downright libertarian.The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49287656084093068712017-02-02T19:17:13.162-05:002017-02-02T19:17:13.162-05:00Matt: "..."the whole thing is a disaster...Matt: "..."the whole thing is a disaster!" to put it in Trumpian language..."<br /><br />As a self-proclaimed expert in the new field of "Trumpian social linguistics", I'll have to correct you. Trump would have said "it's the worst deal ever" and then said "losers"!Johnhttps://www.blogger.com/profile/18181631191840432399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-26932918581148918122017-02-02T18:37:04.396-05:002017-02-02T18:37:04.396-05:00Ed I'm in the People's Republic of Marylan...Ed I'm in the People's Republic of Maryland... We only have individually sanctioned stores that can sell alcoholic beverages and no mail order either... So Trader Joe's and Costco can't sell booze ... "the whole thing is a disaster!" to put it in Trumpian language...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-87340829196809372752017-02-02T17:26:51.019-05:002017-02-02T17:26:51.019-05:00"Grey Goose from France $30.... Tito's fr..."Grey Goose from France $30.... Tito's from Texas $20.... 33% cheaper for the US made...."<br /><br />Try 'Vodka of the Gods' from California, available at Trader Joe's for only $12.The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-50848498327620587482017-02-02T17:18:48.265-05:002017-02-02T17:18:48.265-05:00"Also 3 years, $12B means 10 years $50B."...<br />"Also 3 years, $12B means 10 years $50B."<br /><br />Noah - You're probably being rather generous. I live in the Boston area and I remember the cost overruns on the Big Dig. The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-23901685850766226002017-02-02T17:03:12.471-05:002017-02-02T17:03:12.471-05:00Everybody has jumped on Tito's over the last c...Everybody has jumped on Tito's over the last couple of years:<br /><br />http://vodka.underthelabel.com/compare/140-427/Grey-Goose-vs-Tito-s-Handmade<br /><br /><br />Grey Goose from France $30.... Tito's from Texas $20.... 33% cheaper for the US made....<br /><br />The Grey Goose people can drop their price... or they are going towards $40 and will bleed share profusely...<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27749701741715892522017-02-02T15:49:58.936-05:002017-02-02T15:49:58.936-05:00Why would Mexico take a bath to fund building the ...Why would Mexico take a bath to fund building the wall? Ain't gonna happen. Joe Sixpack will foot the bill, as usual. My Tequila just went up. Maybe I can bring it in from Canada?<br /><br />Also 3 years, $12B means 10 years $50B.Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33900409816694251862017-02-02T14:53:43.146-05:002017-02-02T14:53:43.146-05:00The foreign entities can always lower their prices...The foreign entities can always lower their prices by the % tax in USD terms in order to maintain market share...<br /><br />Mike has a video on his youtube about this he makes some good points about US orders (ie "demand!") not changing in the face of something like this... only to the extent the leading USD flow will cause any increase in orders... then deposits might increase but it would be because of the increase in withdrawals creating additional taxable events and accordingly deposits... these people will think the tax increase led to the increase in deposits...<br /><br />Like for Mexico they export the Corona and Dos Equis beer along with the Patron and those items have become Veblen goods in the US so they have a YUGE amount of excess margin in them... the can cut the %... orders for those items shouldnt increase very much <br /><br />Same with the Mercedes-Benz and BMW brands from Germany.... they are high margin....<br /><br />And then the OPEC people have a lot of rent in their oil price and US oil producers keep adding production...<br /><br />so the US consumer might not have to face higher prices if the foreign producers lower the rent...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-69780164318359194382017-02-02T14:05:18.491-05:002017-02-02T14:05:18.491-05:00So in other words, Americans will pay for the wall...So in other words, Americans will pay for the wall with the import tax and other countries will get a discount to rub it in.<br /><br />Thanx for nothing. Why do these guys hate their country so much?<br />DABhttps://www.blogger.com/profile/11082658434435933889noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49377401971490472642017-02-02T13:58:42.490-05:002017-02-02T13:58:42.490-05:00he can pay for massive tax cuts is through a $1.2 ...he can pay for massive tax cuts is through a $1.2 trillion revenue plan known as "border adjustment" that raises taxes on imports and lowers them on exports. <br /><br />How can you do both at the same time ?<br /><br />The other countries will just do the same ?<br /><br />A tariff on Mexican goods would be a tax on U.S. consumers ?Footsoldierhttps://www.blogger.com/profile/06061374661482934570noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-32859224821838083862017-02-02T13:56:48.857-05:002017-02-02T13:56:48.857-05:00Thanks Noah. You're right. Emphasis on the nat...Thanks Noah. You're right. Emphasis on the national defense part. Penguin pophttps://www.blogger.com/profile/01438480665686684027noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3243828884693593182017-02-02T13:27:47.112-05:002017-02-02T13:27:47.112-05:00You mean The National Defense Highway System.You mean The National Defense Highway System.Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-43937924997874118922017-02-02T13:04:21.366-05:002017-02-02T13:04:21.366-05:00It always has to be some mystified Rube Goldberg p...It always has to be some mystified Rube Goldberg proposal with these clowns. They need to study up on how Eisenhower built the Interstate Highway System for starters.Penguin pophttps://www.blogger.com/profile/01438480665686684027noreply@blogger.com