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warphammer_40k

BREAKING: Major Store's Preparing For Imports Shortages, Stopping, War Or Tax?

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 Ukshep    17,196
1 minute ago, warphammer_40k said:

Been expecting it so won't be surprised. Just have to roll with it at this point... Too many want to rush towards it, Much koolaid drinking. Luckily many here are not like that!

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 phxsparks    703

Its entirely possible if war breaks out somewhere.  And we are very close to that on several fronts internationally.

Personally, I would like to see peace break out.  Wild, rampant uncontrolled peace.

:peace:

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 GT500    1,399

Big trouble in the works 

no doubt about it 

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 sybdragon    1,369

We shall see. This import tax is suppose to be around 20% of the items. That would cause everything to go up instantly by at least 20% overnight. Think what that is going to do for your budget. This cost is always passed down to the customers and retail is having a fit over it. They know that if the items in their store go up by 20% overnight, it will kill whatever business they have left. It's not a good thing but it's not war. Not yet anyway. It's this 20% tax that is coming. This is a tax on 100% of the population as everyone buys stuff even if they don't work and collect EBT/food stamps. This is not based on anyone's income or ability to pay either. This is an outright rise in price by 20%. http://www.gomn.com/news/cost-clothes-groceries-rise-import-tax-target-warns/

Snippet: “We’re not talking about luxury goods, but things like school clothes, shoes, groceries, medicine, electronics and bed sheets,” the retailer says. “That would add up fast for, say, a new mom or dad stocking up on baby supplies, or someone moving into their first apartment.”

The counterpoint to this, from supporters of the import tax, is that some of the extra tax companies like Target would have to pay would be offset by a corresponding rise in the value of the dollar – though it would need to rise by 25 percent to offset the tax completely.

It’s also worth noting that the GOP intends to reduce general corporate taxes from 35 to 20 percent, also reducing the tax burden for a company like Target (which supports this move, unsurprisingly).

The thinking behind the border tax, that it would encourage companies to source their supplies from America, rather than foreign countries, doesn’t translate well to retail, Target argues, noting that 97 percent of apparel sold in the U.S. comes from overseas, same with electronics.  end snippet....

You could say that this will help out the second hand market a whole lot. They will not have an import tax to worry about and there are so many clothes and junk in the USA. Garage sales, flea markets, Ebay, lots of stuff that can be sold second hand. I buy sheets and other clothes and such sometimes just for the material they are made of. I want to make something else with it and it's cheaper to buy a piece of clothing that has enough of the material than it is to buy it new sometimes. And the buttons and stuff. Just good stuff. :) 

But this is about the import tax that is coming. Some articles on this stuff. Trump is serious about these import taxes and stuff. He says it will put Americans back to work making this stuff here. And he wants them to start to build those chips and stuff here anyway. Like me, he thinks that it's a real idiotic move to have your enemy make your military hardware and stuff. That is really stupid.  . https://www.usatoday.com/story/money/business/2017/01/27/new-tax-proposed-gop-could-hike-prices-cars-clothes-and-gas/97029636/

http://time.com/money/4651919/trump-import-tax-mexico-build-wall/

Other countries are also putting in tariffs/taxes for imports and stuff. Stuff has to go local. At least the everyday stuff. The international stuff needs to be spread all over the globe if this world wide UBI is to work out correctly. So the USA must reopen some factories and start to make stuff. There is one company that I know of that makes thread in the USA. It is in Mississippi. It's not the greatest thread or wasn't a few years ago anyway. I am hoping they have learned how to make thread by now. Things have to come back to the USA and other countries. Not everything as you can specialize stuff for imports. The everyday stuff must be made where the UBI can stay in the location that it is spent in. That is what is going make the local economies go round and round. Constant money being recycled in the communities. Not fleeing the USA but staying here. This will create some jobs here I would think. But it will also be painful for my budget and probably a whole lot of others too. I do not know anyone that is NOT on a FIXED income. Don't you always get the same amount in your paycheck weekly or whenever? That is fixed.. ;) 

Now as people do not do things unless they are forced... Well, this is just going to force us to build and buy American. After all, wages have come down so much and people are desperate for a job that they will take anything right now.... They will take those minimum wage jobs. Might even be a $10 minimum wage. But then again, they will just as likely be automated too. Supply and demand will tell the tale in what is important or not to daily life. 

Jack Ma told ya.... Small mom and pop companies selling stuff around the world on his website or others like it. It's the wave of the future. UBI and the country makes what they need to survive. Clothes, materials, etc. All automated so the humans will have to be creative. Artists. ;) 

https://www.bloomberg.com/news/articles/2017-06-19/jack-ma-woos-mom-and-pop-shops-in-u-s-jobs-push

Snippets: Ma has big ambitions. He sees Alibaba turning itself into one of the world's most powerful economies by serving 2 billion people and helping 10 million small businesses trade on the web. By his own calculation, Ma says China will only be able to provide 40 percent of that market. The rest will have to be found overseas. 

"We are positive that this week’s conference will be the beginning of helping a large number of additional U.S. small businesses reach the more than 500 million Chinese consumers who are hungry for high-quality American products," an Alibaba spokesman said in a statement. "This will help create more American jobs and drive more demand for U.S. products."  

http://fortune.com/alibaba-china-america/

Snippet: To woo these iconic companies—among them P&G PG 0.15% , Estée Lauder EL 0.42% , and Macy’s M 0.68% —Alibaba is pitching itself as a shortcut to the world’s most populous market. Alibaba is helping foreign companies with marketing, data analytics, and shipping. And more recently it has sweetened the pot with a newer service, Tmall Global, that lets U.S. brands sidestep many of the taxes, regulatory hurdles, and logistics hassles that trip up foreign companies in China. All this comes from the company that turned the obscure Singles Day holiday into a lucrative shopping phenomenon. Alibaba’s $14.3 billion in Singles Day sales in 2015 were double the U.S. e-commerce total from Thanksgiving, Black Friday, and Cyber Monday combined.

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 phxsparks    703
6 hours ago, Ukshep said:

Because of import tax... smells fishy!

I'm noticing that some random stores are not restocking merchandise once they run out of items on the shelves.

These are common items that many stores carry.

The other possibility is they are preparing for the recession/depression.

Consumer demand is at a low point.  The velocity of money is at a low not seen since the 1930's at the height of the great depression.

The other shoe is ready to drop economically.

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 Ukshep    17,196
2 minutes ago, phxsparks said:

I'm noticing that some random stores are not restocking merchandise once they run out of items on the shelves.

These are common items that many stores carry.

The other possibility is they are preparing for the recession/depression.

Consumer demand is at a low point.  The velocity of money is at a low not seen since the 1930's at the height of the great depression.

The other shoe is ready to drop economically.

Might just be keeping stocks low to minimize waste? and thus cost.

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 COBO Member    2,837
4 minutes ago, Ukshep said:

Might just be keeping stocks low to minimize waste? and thus cost.

Or they're keeping it all in storage so they can gouge the hell out of us later.

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 phxsparks    703
4 minutes ago, Ukshep said:

Might just be keeping stocks low to minimize waste? and thus cost.

Inventory tax is also a biggie.  Many times they will let the inventory drop until everything is taxed.  Then restock.

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 phxsparks    703
Just now, COBO Member said:

Or they're keeping it all in storage so they can gouge the hell out of us later.

This is the American Capitalist way of doing business.

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