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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. It’s not a tax, it’s a schmax. Totally different.

It’s not a tax, it’s a schmax. Totally different.

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote last edited by
    #1

    From oral arguments on the tariff case:

    Kagan: Any instance in which “regulate” confers taxing power?
    Sauer: We’re not arguing that. It confers tariff power.

    If you don't take it, it can only good happen.

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote last edited by
      #2

      Roberts: "Who pays the tariff?"

      Sauer: <inserts pile of gibberish with no coherent basis in economics>

      If you don't take it, it can only good happen.

      1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote last edited by jon-nyc
        #3

        Assuming Gorsuch follows his prior jurisprudence and these comments are indicative, we're looking at at least a 6-3 ruling against Trump with the 3 liberals + Barrett, Roberts, and Gorsuch going against Trump.

        If you don't take it, it can only good happen.

        1 Reply Last reply
        • HoraceH Offline
          HoraceH Offline
          Horace
          wrote last edited by
          #4

          I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

          Education is extremely important.

          Doctor PhibesD 1 Reply Last reply
          • HoraceH Horace

            I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

            Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote last edited by
            #5

            @Horace said in It’s not a tax, it’s a schmax. Totally different.:

            I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

            Based on Jon's prediction, only 3 of them are.

            I was only joking

            HoraceH 1 Reply Last reply
            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote last edited by jon-nyc
              #6

              To be clear that’s a quote. Not my prediction. Though I’ve seen enough of the transcript to comfortably bet that they’ll lose.

              The administration seems to be expecting a loss also and has some plans to keep some tariffs just using different justifications. Or try to at least.

              If you don't take it, it can only good happen.

              1 Reply Last reply
              • Doctor PhibesD Doctor Phibes

                @Horace said in It’s not a tax, it’s a schmax. Totally different.:

                I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

                Based on Jon's prediction, only 3 of them are.

                HoraceH Offline
                HoraceH Offline
                Horace
                wrote last edited by
                #7

                @Doctor-Phibes said in It’s not a tax, it’s a schmax. Totally different.:

                @Horace said in It’s not a tax, it’s a schmax. Totally different.:

                I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

                Based on Jon's prediction, only 3 of them are.

                That prediction is less about affinity for a political tribe, and more about affinity for certain legal principles. If it were based on purported tribalism, Gorsuch would replace Kavanaugh in the tribal set. Regardless of how you slice it, the notion that SCOTSU is in the pocket of Trump remains absurd.

                Education is extremely important.

                1 Reply Last reply
                • MikM Away
                  MikM Away
                  Mik
                  wrote last edited by
                  #8

                  A lot of what Trump has done is based on the "make me quit it" doctrine. He's bound lose a few, if not many.

                  The market seems to be encouraged.

                  "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote last edited by
                    #9

                    Ever the optimist.

                    If you don't take it, it can only good happen.

                    1 Reply Last reply
                    • 89th8 Offline
                      89th8 Offline
                      89th
                      wrote last edited by
                      #10

                      "You're hearing it from me: Even if he loses, we'll just say he won over and over like we've done before, we'll probably even have Stephen Miller do an Oval Office rant about it while his arms are crossed and using big words."

                      1 Reply Last reply
                      • RenaudaR Offline
                        RenaudaR Offline
                        Renauda
                        wrote last edited by
                        #11

                        Lutnick has to be the most coyote butt ugly cheerleader that has ever “Raa-Raa’d” and marched for the team ever.

                        Elbows up!

                        1 Reply Last reply
                        • X Offline
                          X Offline
                          xenon
                          wrote last edited by
                          #12

                          I don’t understand how it’s acceptable to be this loose with policy that goes to the heart of American capitalism.

                          1 Reply Last reply
                          • jon-nycJ Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote last edited by jon-nyc
                            #13

                            “We can’t undo the dumb thing I did because it was dumber than you think.”

                            If you don't take it, it can only good happen.

                            1 Reply Last reply
                            • HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote last edited by
                              #14

                              Assumes facts not in evidence. Don't think we'd have to pay anything back. It may even be ambiguous whether the current tariffs would have to be repealed.

                              Education is extremely important.

                              Doctor PhibesD jon-nycJ RenaudaR 3 Replies Last reply
                              • HoraceH Horace

                                Assumes facts not in evidence. Don't think we'd have to pay anything back. It may even be ambiguous whether the current tariffs would have to be repealed.

                                Doctor PhibesD Offline
                                Doctor PhibesD Offline
                                Doctor Phibes
                                wrote last edited by
                                #15

                                @Horace said in It’s not a tax, it’s a schmax. Totally different.:

                                Assumes facts not in evidence.

                                I believe those are now called 'alternative facts'. When Donald Trump says something, it becomes true simply because he said it.

                                It's a bit like the anthropic principle, except applied to bullshit. If we hear it, it becomes true.

                                I was only joking

                                1 Reply Last reply
                                • HoraceH Horace

                                  Assumes facts not in evidence. Don't think we'd have to pay anything back. It may even be ambiguous whether the current tariffs would have to be repealed.

                                  jon-nycJ Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote last edited by
                                  #16

                                  @Horace said in It’s not a tax, it’s a schmax. Totally different.:

                                  Assumes facts not in evidence. Don't think we'd have to pay anything back. It may even be ambiguous whether the current tariffs would have to be repealed.

                                  I read somewhere that we would have to pay them back, even if some of them could be reissued using a different (but also fragile) legal justification. We’ve only taken in about 200B in tariffs as of 9/30. I think when he talks trillions he’s thinking of the phantom non existent trillions that these countries have ‘promised’ to invest. Any tiny subset of that investment that actually materialized would not have to be paid back.

                                  If you don't take it, it can only good happen.

                                  1 Reply Last reply
                                  • HoraceH Horace

                                    Assumes facts not in evidence. Don't think we'd have to pay anything back. It may even be ambiguous whether the current tariffs would have to be repealed.

                                    RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote last edited by
                                    #17

                                    @Horace said in It’s not a tax, it’s a schmax. Totally different.:

                                    Assumes facts not in evidence. Don't think we'd have to pay anything back.

                                    In past when the US has lost arbitration suits over countervailing tariffs on Canadian softwood lumber imports, the US government had to issue refunds to the affected importers. I believe, although not certain, the same occurred in 2019/20 over national security tariffs on Canadian steel and aluminium into the US.

                                    Elbows up!

                                    1 Reply Last reply
                                    • 89th8 Offline
                                      89th8 Offline
                                      89th
                                      wrote last edited by
                                      #18

                                      Can we pause for a second and listen to what he said in that clip? Wish I had the transcript, what an odd rambling and nearly incoherent response.

                                      1 Reply Last reply
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