THAT stupid wall....

[normiss 801]

Mexico will pay for it my ass!!

WHEN will ALL of America wake the hell up?????
Current admin is destroying this country.

[BIGUN 1,317]

He said, "Mexico will pay for the wall." He never said that they would write a check.

One of the ways for Mexico to pay for the wall would be with a provision in the corporate tax-reform plan. If the corporate tax were lowered from 35 percent to 20 percent and a border adjustment tax were applied... A "VAT" something that 160 other countries already have that exempts exports while taxing imports; Mexico - with whom we have a large trade deficit of around $65 billion in 2016. So, if Mexican imports were taxed at a rate of 20 percent, the United States would raise about $13 billion a year in revenue from Mexico via the border adjustment "VAT."

$1.2 Billion for the wall - $11.8 billion left over. (Just putting it out there)

Having said that... I'm opposed to a physical wall (we're the Berlin Wall generation - even though some would argue it's to keep those out; rather than keep those in). I just don't like it. I think there are better physical, technological and human ways to protect our borders.

Sidebar: It's no wonder other countries can afford a National Healthcare plan. The U.S. trade deficit with the rest of the world -- $500 billion last year A 20% VAT on all imports could put a dent on those needing healthcare.

And, yes... there will always be a disagreement on allocation based on party affiliation.

Nobody has time to listen; because they're desperately chasing the need of being heard.

[Phil1111 1,149]

BIGUN

He said, "Mexico will pay for the wall." He never said that they would write a check.

One of the ways for Mexico to pay for the wall would be with a provision in the corporate tax-reform plan. If the corporate tax were lowered from 35 percent to 20 percent and a border adjustment tax were applied... A "VAT" something that 160 other countries already have that exempts exports while taxing imports; Mexico - with whom we have a large trade deficit of around $65 billion in 2016. So, if Mexican imports were taxed at a rate of 20 percent, the United States would raise about $13 billion a year in revenue from Mexico via the border adjustment "VAT."

$1.2 Billion for the wall - $11.8 billion left over. (Just putting it out there)

Having said that... I'm opposed to a physical wall (we're the Berlin Wall generation - even though some would argue it's to keep those out; rather than keep those in). I just don't like it. I think there are better physical, technological and human ways to protect our borders.

Sidebar: It's no wonder other countries can afford a National Healthcare plan. The U.S. trade deficit with the rest of the world -- $500 billion last year A 20% VAT on all imports could put a dent on those needing healthcare.

And, yes... there will always be a disagreement on allocation based on party affiliation.

https://www.bloomberg.com/news/articles/2017-07-28/killing-the-border-tax-solved-one-problem-it-may-create-several

B.A.T. was a bad idea. A VAT is a effective way to generate revenue for a government. But for republicans the introduction of such a broad tax, "invasive" for small business and individuals. Would be DOA without a comprehensive tax reform bill(s).

[billvon 2,995]

>So, if Mexican imports were taxed at a rate of 20 percent, the United States would raise
>about $13 billion a year in revenue from Mexico . . . .

Well, since Americans would be the ones paying that tax, that would be $13 billion a year in new US taxes. (Actually less, since of course that would reduce sales of Mexican goods.)

But if Trump takes a more "they will pay figuratively and/or indirectly" approach, there are lots of ways to pull that off. Just badmouth Mexico regularly, and assume each verbal putdown costs them $100 million in GDP since other countries won't do as much trade with them based on Trump's disapproval. Do that 130 times and you've "paid" for the wall.

Or cut taxes by $13 billion and claim that since everyone has more money, that's $13 billion that the US has and Mexico doesn't, and that that pays for the wall.

Or increase transient-occupancy taxes on Mexicans by $13 billion. And when the Supreme Court shoots that down, increase transient-occupancy on everyone by $26 billion and assume that half of hotel goers will be Mexican.

[ryoder 1,590]

billvon

Just badmouth Mexico regularly, and assume each verbal putdown costs them $100 million in GDP since other countries won't do as much trade with them based on Trump's disapproval. Do that 130 times and you've "paid" for the wall.

Well, that is baed on the flimsy assumption that anyone take Trump seriously.
A quote I read recently:
"No one in Washington is scared of him anymore; Not even the pages."

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[billvon 2,995]

>Well, that is baed on the flimsy assumption that anyone take Trump seriously.

But also keep in mind that it doesn't have to actually accomplish the goal; it just has to make a plausible talking point.

[gowlerk 2,198]

Quote

He said, "Mexico will pay for the wall." He never said that they would write a check.

Or maybe he was talking through his ass and feeding America complete bullshit as usual. Maybe it's just that simple.

Always remember the brave children who died defending your right to bear arms. Freedom is not free.

[JerryBaumchen 1,364]

Hi Bill,

Quote

Actually less, since of course that would reduce sales of Mexican [any ] goods.)

This is the part that always astounds me. Every time I read about how a tax will bring such & such money, no one seems to understand that any tax will reduce the amount of goods sold. This goes on at all levels of gov't.

Now, as to the converse: Oregon has garnered three times the taxes that were predicted from the sale of recreational pot.

Hmmmmmmm,

Jerry Baumchen

[jakee 1,497]

billvon

Well, since Americans would be the ones paying that tax, that would be $13 billion a year in new US taxes. (Actually less, since of course that would reduce sales of Mexican goods.)

Sure, but once the punitive import duty has destroyed the Mexican economy you'll be damn glad you've got that wall to stop the flood of extra immigrants.

It's a perfect plan, really.

Do you want to have an ideagasm?

[BIGUN 1,317]

Hi, Jerry.

From what I understand; the border adjustment tax is still getting kicked around, but it's highly unlikely to get any traction for the reasons Bill stated.

"Simply put, any policy proposal which drives up costs of Corona, tequila, or margaritas is a big-time bad idea. Mucho Sad."

~Senator Lindsey Graham Tweet.

Nobody has time to listen; because they're desperately chasing the need of being heard.

[normiss 801]

Or Ford, Cadillacs and Dodge cars, or most TV's, or avocados, or toothpaste, Gulfstream and Lear Jet components and entire aircraft, tires, high end audio components, printers and inks, guitars, concrete, footwear, food, engines, sporting goods, clothing, toys, tools, bicycles, consumer electronics, lighting, electrical components to name but a handful of products.
No biggie.
Given the expected 20-40% increase in healthcare, unknown tax increases, and import levies, we can afford it; after all, we ARE Americans!

[BIGUN 1,317]

normiss

Or Ford, Cadillacs and Dodge cars, or most TV's, or avocados, or toothpaste, Gulfstream and Lear Jet components and entire aircraft, tires, high end audio components, printers and inks, guitars, concrete, footwear, food, engines, sporting goods, clothing, toys, tools, bicycles, consumer electronics, lighting, electrical components to name but a handful of products.
No biggie.
Given the expected 20-40% increase in healthcare, unknown tax increases, and import levies, we can afford it; after all, we ARE Americans!

You forgot the Harley ECM!!!

Nobody has time to listen; because they're desperately chasing the need of being heard.

[normiss 801]

Harley has a LOT of Mexican components!

[ryoder 1,590]

normiss

Harley has a LOT of Mexican components!

Components. Harley components, Indian Components, ALL MADE IN TIJUANA!!!

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[tkhayes 348]

"We will tax those Mexican goods that are stealing our jobs!!"

"YEAH!! screw them!!"

and not a fucking clue who actually pay the taxes on those goods. Yes, America is that fucking stupid. So fucking stupid that they deserve exactly what they have in the White House.