Consumer confidence...
- Thread starter Sunburnt Indian
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The only people who have confidence in the economy are the ones that don't pay their Rivals bill, yet can still post here. To them, nothing has changed.
In Democrat debates, Biden promised higher crime rates and economic stagnation. He's delivering in spades on higher crime rates. He's working on economic stagnation. Will the Senate play along?
As well as higher taxes. Promises made, promises kept. Make America Venezuela Again.
My concrete company tells me they have been cut to 3 pours a week by the it suppliers due to a major shortage of mud. They tell me it’s killing 40% of their revenue. They average 8-12 pours a week. These are real things, happening to real companies. all throughout the supply chain. It’s killing home builders with long delays and huge cost. 🤬🥵
I would like to thank anyone and all who voted for the mental midget. 🥵
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Surprised? Biden promised economic stagnation in Democrat debates.
On my way to a project today, Rick Roberts on WBAP told me he has concluded the White House disaster was caused by the lack of voting integrity and stupid Americans. Rick Roberts has a question for the bright and the slow. If you have the intent to destroy America, what would you do different than Biden and his stooges?
Psaki is stunned that corporations are passing on the higher costs, like taxes, onto the consumers.
Who would have ever predicted such? Certainly not @BSC911. I remember having a conversation with him where he called me stupid when I said that EXACTLY THIS would happen.
Who would have ever predicted such? Certainly not @BSC911. I remember having a conversation with him where he called me stupid when I said that EXACTLY THIS would happen.
Hannity tells me the vegetable 🌶 has dispatched Lamumba to whip up support for his massive spending bill that is 3x bigger than LBJ worst society and FDR Raw deal combined.
Lamumba who wanted fundamental change is now trying to finish this country off.
Bongino asks the same. I can’t really think of anything.
Maybe drop a nuke on China? Oh wait, nevermind. They’ll release all the dirt they have on “Hunter and the Big Guy” if he pisses them off.
Most of the people who work in our plants live in West Virginia. The vaccine mandate, should we have to enforce it, will kill our company.
You watch Hannity? 😂😂😂😂😂😂😂😂
This explains a lot. His job is to scare old people. you realize he is just entertainment, right? And doesn’t expect to be taken seriously.
You tagged me so I watched your video. Come on Bama, I thought you were smarter than that. It doesn’t say what you think it said.
First of all, the tax increase hasn’t even been passed yet, so how is this proof that it will be passed on Let me ask you one simple question, did prices drop when T rump cut the Corporate tax rate? Don’t dodge.
Many books and studies have been written on the subject of pricing, and while costs and therefore taxes are a contributing factor, they are not the major factor on what determines what to charge customers. That’s based on supply and demand, which any beginning economics student knows. So yes, any comment that all cost increases are automatically passed on to customers is just stupid. Sorry if you don’t understand this.
Now I shall return to my 77 page thread. Dont bother me again if you're going to waste my time.
One of the first things I learned in Economics 101 is corporations don't pay corporate taxes. I do.
Then there are those of us who have a high ability to reason. There are those of us who lack such ability. BamaFan1137 knows precisely who they are.
BamaFan would score higher than his opponent in an intelligence quotient test at any level, including "fifth grade."
^ Again, our resident village idiot. What happens when you raise prices? Demand falls off the cliff. Forced increases in prices due to increased taxation, suddenly that product is no longer deemed so essential. Taxes send entire economies into tailspins. So what BSC is saying, what we need is a good ole Obama depression.
You were wrong. Don't be such a baby, it's pretty common.
Uh, no I wasn’t. In fact, I personally know that the import taxes Trump implemented weren’t passed along to customers.
Why won’t you answer the question I posed?
Like your other answers, this one is wrong. And there’s no way you ever took an economics course.
Sure they weren't. Those extra taxes were just absorbed by the billions of extra dollars companies just have lying about.
No idea what question you're referring to. I read very little of what you write. Post it again. That'll give me another opportunity to ignore it.
We’re the Trump corporate tax decreases passed on to customers?
OK. I’ll answer it for you.
Did you see prices drop? No? I didn’t think so. Because prices are primarily determined by supply and demand, not costs.
And you’re not kidding anyone. Not only do you read my responses, it seems you keep a file on them.
Again, the idiot. Trump tax cuts were passed on to employees in the form of raises. Initially, hundreds of thousands of employees got bonuses right out of the gate. Smart!! Because those are tax deductible. You really are bad at this. 😂 😂
Supply and demand absolutely plays a role. Not the only role obviously...only an idiot would believe that propaganda. If a company can't sell widgets for more than their cost (which includes taxes), they stop making widgets. So if costs go up, so do prices....ACROSS ENTIRE SECTORS....and that changes the calculus on supply and demand. You cannot claim to be a business owner and not know this. If you're dumb enough to believe that margins are by and large fat enough to absorb liberal pork tax increases, you probably wear a helmet around the house.
I used to pay more attention. This tidbit from you was from that time. I have since lost faith in you and honestly read very little of your blather.
Again, the idiot. Trump tax cuts were passed on to employees in the form of raises. Initially, hundreds of thousands of employees got bonuses right out of the gate. Smart!! Because those are tax deductible. You really are bad at this. 😂 😂
They certainly did. Nice catch.
BSC set his own trap and then stepped into it.
Derp. That was rare.
Show me anything other than anecdotal evidence.
PS. That guy is a bean counter. He has no real business experience.
First of all, I said it was the primary factor, not the only one. Secondly, if your margins are so thin that they can’t absorb a small cost increase, then of course you will either pass the cost on to customers, or shut down. But there are other options, like efficiencies, product switching, economies of scale etc. Cost increases can only be passed on IF the market allows it. I’d link dozens of studies but I know you won’t read them, nor understand them.
I can tell your way of thinking is very simplistic, and probably based on someone with an agenda. Do some actual research and you’ll see that I’m right. Do you really think an iPhone price is based on its cost? If so, you’re more naive than I thought.
How many businesses have you been involved with? Ive been involved with dozens. And have given seminars on the subject.
The "ignore" feature is never an option for me. This genius shouts slow incessantly to all who listen.
Wrong!! This genius hasn't the brain power to set a trap. I'll bet you know so.
Crops are looking good this year. Just started the harvest so don’t know final tally yet. Prices are at an all time high.
The village idiot doesn't even understand the basics of how publicly traded corporations work, think and operate. I work for one, and hold a decent amount of stock in the one I work for.
While the CPI was steadily increasing at about 1-2% from 2012 to 2020 it exploded in 2021 to over 4% YOY increase.
Obviously the spike in cost of inputs and demand exceeding supply is driving this, not taxes, but it makes the point...and ultimately taxes have the exact same effect if they can't be avoided. Corporations are strongly incentivized by their quarterly earnings reports and the subsequent stock price reactions. The easiest way to inflate a stock price is to show both sales and margin improvements...and to tank it show margin degradation and missed targets.
For prices to go down it takes competitive pressure. A smaller (often private) company that needs volume will drop price to gain share, that impact has to be big enough to be felt by bigger corporations (and cause them to miss previously stated estimates or underperform the market), and then prices will come down. That's why we don't see rapid swings in market pricing on most non-commodities...in other words, prices are quick to go up and slow to come down.
But if you don't think most Corporations will quickly pass along increased costs and do everything they can to pocket profits from tax and COG windfalls, you don't understand Capitalism.
Again, the village idiot. 😂
AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill
The telecom giant said it would give more than 200,000 U.S. union members a special bonus of $1,000.
Boom: 164 companies give bonuses, lower fees to millions, citing Trump tax cuts - Washington Examiner
A list of 40 firms offering millions of employees bonuses and customers fee cuts has surged to 164 in just 10 days as the likely financial benefit of President Trump’s tax reform has started to settle in. “You’ve likely seen the news about U.S. tax reform. We believe these tax changes will be...
www.washingtonexaminer.com
List of companies that paid bonuses or boosted pay since tax bill passed
Walmart is the latest U.S. company to share their tax cut windfall with employees.
www.usatoday.com
The list is endless. Anecdotal my ass. 😂😂😂
Tis but a flesh wound Black Knight?
And this is what the reply is every time someone accuses Corporations of being greedy. It's not a corporation's goal to just accumulate cash...they deploy it in bonuses, new jobs, capacity expansion, etc.Again, the village idiot. 😂
AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill
The telecom giant said it would give more than 200,000 U.S. union members a special bonus of $1,000.www.cnbc.com
Boom: 164 companies give bonuses, lower fees to millions, citing Trump tax cuts - Washington Examiner
A list of 40 firms offering millions of employees bonuses and customers fee cuts has surged to 164 in just 10 days as the likely financial benefit of President Trump’s tax reform has started to settle in. “You’ve likely seen the news about U.S. tax reform. We believe these tax changes will be...
List of companies that paid bonuses or boosted pay since tax bill passed
Walmart is the latest U.S. company to share their tax cut windfall with employees.www.usatoday.com
The list is endless. Anecdotal my ass. 😂😂😂
Tis but a flesh wound Black Knight?
Now the subject of executive salaries is a fair debate...but you'd need to be pissed about athletic contracts too if that's your beef.
Not really much to debate there. But executive salaries are driven by market forces and competition for that skill set. Athlete contracts are driven by two things......a skill set AND union contracts. The only market forces in play there are for the elite of the elite, maybe 5% of the top athletes.
Is their compensation too high? I don't know, apparently their employers don't think so. The Constitution says all people are created equal, but nothing about equitable outcomes. But life isn't a participation trophy for all.
Oh, you work for one? LOL. In what capacity?
Sorry, dude, you’re way in over your head.
Where was your outrage when Trump raised taxes on Chinese imports. I’ll bet you think they were all passed on to consumers.
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Didn't read....but I'm guessing it was full of half-truths and whole lies.
Many things affect the cost of doing business (and the cost of goods and services). Taxes are one of those things. If you're saying otherwise, you're either lying or you are simply FOS.
I hope this helps. I doubt it will, however.
Not to mention wages also play a big role.
We really need to heed Sunburnt's advice. There's no getting through to the slow, even in the face of hard documented evidence. You can lead a horse to water, but you can't keep him from shitting in his own stall. 😂
From another who can define all seven components of critical thinking.
I was audited by the IRS recently. Funny, she said the same thing.
Wait you're saying that we the customers didn't have to pay the import taxes Trump imposed on China. That sounds like a win-win for us customers. This sounds like a great win for the American people but I would bet that senile Biden has dropped those import taxes. I'm sure you agree that he has to put Chinas' best interest above the USA.
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