Bill Maher.......

[Adre]

So why don't they double their prices? If it's working so well for them?

If gold prices double, they will, Einstein.

 

[Conager]

If gold prices double, they will, Einstein.

And in your fantasy world of the price of gold doubles the amount of jewelry sold will remain consistent and the additional increase cost and gold will simply be passed through to the consumer with no effect whatsoever on demand?

Sounds legit.

 

[SpeareChucker]

I see Bill Maher's sock puppet is still on the doom and gloom train...



*chuckle*

 

[adrina]

Red letter day for you!

Minimal costs got passed on to the consumer in direct contradiction
of the prognostications of rampant Trump inflation.

But, if taxes had been raised, the cost would have been passed on
but tariffs are not taxes in that sense, so many of those things we
get from China, where they use child labor to make Alexis, still have
competitors in the market who have not been subjected to tariffs,
so their prices can remain the same and now be competitive in a fair
marketplace, and I would dare say, some of those products benefitting
are American.

So, lesson one: A tariff is not a general tax; it is a punitive economic tool
to be used against countries who cheat to gain an unfair advantage...

For the most part, this is the companies that you accuse of shipping jobs to China
selling to themselves and then reselling that product to the consumer.
So, they are now paying a penalty for "cheating" and "outsourcing" and
it is not affecting overall prices the way the never-Trump crowd predicted.

Uh, you're full of it.

Tariff charges have been added to all invoices for every purchase we've made out of China. From chairs to lighting to whatever. Depending on the size of the order it can get quite expensive. And it is being passed on to the buyer.

It's like you're speaking about things you have no knowledge or experience of. And instead chose to pivot to some obscure point to try to cover your ignorance.

 

[SpeareChucker]

You are confused on your facts.

 

[Rightguide]

Bill was fired over his sexual assaults.
They keep Tucker because Fox finds racism less damaging than sexual assault.

Prove otherwise.

You prove your fucked up statement...and who gives a shit about Bill? We were talking about Tucker. There is no such evidence that Tucker is racist, none.

 

[Adre]

And in your fantasy world of the price of gold doubles the amount of jewelry sold will remain consistent and the additional increase cost and gold will simply be passed through to the consumer with no effect whatsoever on demand?

Sounds legit.

And in your fantasy world costs do not drive prices. Where did I say high prices cannot suppress demand?

 

[Conager]

And in your fantasy world costs do not drive prices.

Costs do not drive prices. Demand drives prices. Consumers do not care what it costs you to produce a product, they care what they're willing to pay.

Where did I say high prices cannot suppress demand?

"High" is relative and has nothing to with it. Increases in prices suppress demand, else the producer would simply charge more and pocket the increase. They can and do, when demand increases. They cannot and don't as their costs increase, because their cost has nothing at all to do with demand.

So when you said this:

Businesses cannot raise their prices just because taxes or costs go up? What a load of horseshit.

(Oh, Breitbart )

You were wrong.

Same kind of economic in literacy that suggests that there will not be any impact from raising the minimum wage as long as you don't raise it too much at once. Incremental stupidity is just slothful stupidity.

 

[adrina]

You are confused on your facts.

No. You've been so warped you can't see or think straight and instead are using assumed arrogance to shield your ignorance.

I will say there's a very big difference between a few percent increase as opposed to a 20% increase. So Trump really did a very large tax increase, of sorts, which you and the other "fiscal conservatives" now defend.

At least with a legit tax increase there is usually some social benefit. Not in this case.

 

[Conager]

No. You've been so warped you can't see or think straight and instead are using assumed arrogance to shield your ignorance.

I will say there's a very big difference between a few percent increase as opposed to a 20% increase. So Trump really did a very large tax increase, of sorts, which you and the other "fiscal conservatives" now defend.

At least with a legit tax increase there is usually some social benefit. Not in this case.

Money to the treasury is only a social benefit if you take it out of people's paychecks? What does it matter where the money comes from?

He just explained to you how this is still not a tax on consumer. The consumer can buy from a source not subject to a tariff or not buy the product st all. It's a way of nudging consumers to domestic producers.

 

[FukLuk]

You prove your fucked up statement...and who gives a shit about Bill? We were talking about Tucker. There is no such evidence that Tucker is racist, none.

Tucker is still there and Bill is not. That was the point, dipshit.

Also, looks like advertisers believe Tucker is a racist

Tucker Carlson loses advertisers after remarks about “hoax” of white supremacy

Carlson said he believes white men should be credited with "creating civilization."

You must enjoy getting slapped around.

 

[Adre]

A manufacturer sets a price on a new product based on the cost of production. That is cost driving price. He does not know precisely what the demand will be, even though he may have done market analysis. He is covering cost plus profit.

 

[adrina]

Money to the treasury is only a social benefit if you take it out of people's paychecks? What does it matter where the money comes from?

He just explained to you how this is still not a tax on consumer. The consumer can buy from a source not subjectbtintarrif or not buy the product st all. It's a way of nudging consumers to domestic producers.

He tried claiming, contrary to decades old talking points, that it was not passed on to the consumer. It is. And as such, does act like a tax. One that you guys are now defending. Vociferously.

Too bad so much US manufacturing has gone abroad. It would be so easy then. Right?

 

[jaF0]

Wasn't civilization more of less 'created' by the Egyptians who aren't exactly 'white'?

 

[Conager]

A manufacturer sets a price on a new product based on the cost of production. That is cost driving price. He does not know precisely what the demand will be, even though he may have done market analysis. He is covering cost plus profit.

You're an idiot.

He doesn't even entertain the thought of producing something unless he's got a reasonably good idea that he can produce it for what consumers will pay. The value of anything is only worth what you can get someone to pay for what it cost you to make has no bearing whatsoever on what the consumer is willing to pay. None.

 

[Adre]

You're an idiot.

And yet you’re the one living in some desert shithole working double shifts for not much more than minimum wage.

Go figure.

 

[von_Bismarck]

Costs do not drive prices.

This is dumb, even for you. Changes in cost can drive the entire supply curve, in one direction or the other.

 

[Adre]

This is dumb, even for you. Changes in cost can drive the entire supply curve, in one direction or the other.

He believes the cost of gold has no bearing on the cost of gold jewelry. Which is why he can’t afford gold jewelry.

 

[Conager]

This is dumb, even for you. Changes in cost can drive the entire supply curve, in one direction or the other.

None of which has anything to do with what any particular ready, willing and able buyer is willing to pay for a particular item.

He believes the cost of gold has no bearing on the cost of gold jewelry. Which is why he can’t afford gold jewelry.

I said nothing of the sort.

 

[Adre]

This is dumb, even for you. Changes in cost can drive the entire supply curve, in one direction or the other.

He’s Googling supply curve and will soon be an expert on the topic.

 

[von_Bismarck]

None of which has anything to do with what any particular ready, willing and able buyer is willing to pay for a particular item.

That really depends on the type of good or service we're talking about. Luxury items have some flexibility in their equilibrium price points. Necessities have much more flexibility in their price points.

 

[Adre]

And in your fantasy world costs do not drive prices.

Costs do not drive prices.

.

You're an idiot.

He believes the cost of gold has no bearing on the cost of gold jewelry. Which is why he can’t afford gold jewelry.

I said nothing of the sort.

Oh yes you did.

 

[Conager]

That really depends on the type of good or service we're talking about. Luxury items have some flexibility in their equilibrium price points. Necessities have much more flexibility in their price points.

And that "flexibility" as you call it (technically price inelasticity) is determined solely by the needs and wants of the consumer. The fact that you can, at times, (depending) raise prices is a function of consumer demand. Nothing about you incurring additional costs factors into what a consumer is willing to pay. Consumers pay the amount to which they value something, or they don't buy it.

Adres silly example of gold price pushing prices ignores the fact that just like coins you have its actual mined metal value based on what you can get for meltdown, plus a premium for numismatic value or aesthetic appeal in the case of jewelry. The premium over spot price remains fairly static.

When the price of gold goes up, consumers impute that value, because previous metals are money. Have been forever.

Price of fuel goes up the consumer isn't cheerfully paying more for fuel because the fuel that he's going to use the same as the fuel he used last week hasn't become more valuable to him it's exactly the same value as it was before. If he has to pay more for the fuel he'll use less of it to the extent he can.

Costs do not drive prices, consumer demand and perceived value does.

 

[Adre]

The cost of fuel production went up. The cost of fuel went up. Cost drove the increase. Cost drives prices. You’re the fucking idiot.

 

[Conager]

The cost of fuel production went up. The cost of fuel went up. Cost drove the increase. Cost drives prices. You’re the fucking idiot.

. . .and consumers buy less fuel, inventories increase and the price comes down to what consumers are willing to pay. Because consumer demand determines prices, not costs.