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Re: Just how Crazy is Donald Trump!
The Trump Administration today announced plans for a new round of $200 Billion worth of tariffs against China.
Trump launches new tariffs on China - CNNPolitics
Copy machines were on the original list but but were taken off leaving parts and consumables subject to a 10% tariff. It seems most suppliers have not taken actions to increase their prices.
On the new list which could go in effect sometime after Aug 30th are:
8443.39.20
Electrostatic photocopying apparatus, operating by reproducing the original image via an intermediate onto the copy (indirect process)
8443.39.30
Photocopying apparatus, other than electrostatic, incorporating an optical system
8443.39.40
Photocopying apparatus, other than electrostatic, of the contact type
Sounds like a modern MFP/ MFD to me. Dealer cost could increase in price by 10% this fall. I suspect manufacturers will eat at least 5% so as to not loose market share.
Remember cost price is not the sell price so price increases to end users of 6.25% to 12.5% are certainly possible.
A tariff is a tax on consumers which goes directly into US Gov't general revenues.Comment
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Re: Just how Crazy is Donald Trump!
President Trump since inauguration has increased the US debt by $1 Trillion dollars.
Under Trump's watch, national debt tops $21 trillion for first time ever - CBS News
The US Treasury primarily pays for the interest on this debt by selling Treasury bonds to foreign countries. China is the largest holder and largest buyer of US treasury bonds.
If President Trump continues to provoke China with tariffs, China could easily back off buying US T-bills and send global equity markets into turmoil.Comment
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Re: Just how Crazy is Donald Trump!
trump is a huge coward. He will talk shit behind peoples back, but when standing beside them will do nothing but praise them.
While standing beside putin he says he had nothing to do with with attacking the 2016 election, and them when back in the US he says putin is definitely behind it.
While standing beside Trudeau he is a great guy and they have a great relationship, from the safety of his twitter account Trudeau is a back stabber.
He says Theresa May doesn't know what she is doing in an interview with a British tabloid, to her face she is a great PM and a very smart person.
Huge coward!Comment
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Re: Just how Crazy is Donald Trump!
Wilbur Ross, President Trump's Secretary of Commerce, has been accused this week of swindling associates of $120M.
Wilbur Ross $120 million grift allegations in bombshell Forbes report - Business Insider
The more Trump tries to drain the swamp, the more swamp creatures bite him back.
"If even half of the accusations are legitimate, the current United States Secretary of Commerce could rank among the biggest grifters in American history."
https://www.collinsdictionary.com/dictionary/english/grifter
"a person who swindles another out of money"
As a Presidential Appointee, Wilbur Ross has zero political experience, is a very successful old man set in his ways and is known to attend important meetings wearing embossed USA extremely expensive slippers.
This is the same man who has endorsed Trump's ill conceived tariffs against friendly nations across the world.Comment
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Re: Just how Crazy is Donald Trump!
A bad day for Team Trump when President Trump's personal lawyer Micheal Cohen pleads guilty today admitting that he violated Federal campaign finance laws to influence the 2016 election at the direction of President Trump.
At almost the same time, President Trump's former campaign election manager Paul Manaford was found guilty on 8/18 charges of financial fraud.
Both men could be facing significant prison time and are now highly motivated to tell the truth about really happened to reduce their jail time.Comment
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Re: Just how Crazy is Donald Trump!
In the struggle between "Fake News" and facts, I present to you USAFacts .
"USAFacts is a new data-driven portrait of the American population, our government’s finances, and government’s impact on society. We are a non-partisan, not-for-profit civic initiative and have no political agenda or commercial motive. We provide this information as a free public service and are committed to maintaining and expanding it in the future.
We rely exclusively on publicly available government data sources. We don’t make judgments or prescribe specific policies. Whether government money is spent wisely or not, whether our quality of life is improving or getting worse – that’s for you to decide. We hope to spur serious, reasoned, and informed debate on the purpose and functions of government. Such debate is vital to our democracy. We hope that USAFacts will make a modest contribution toward building consensus and finding solutions."
100% funded by former Microsoft CEO Steve Ballmer, USAFACTS does not accept donations nor receive tax exemptions.
You can download their 91 page 2018 report here:
USAFacts
You can watch him discussing USAFACTS here.
Last edited by SalesServiceGuy; 09-16-2018, 01:50 AM.Comment
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Re: Just how Crazy is Donald Trump!
The numbers that stood out from the 2018 USAFACTS report:
Steve Ballmer commented:
"After we published our initial reports last year, I was asked by many people what my key conclusions were. My view is that each citizen must make their own conclusions guided by the facts and the numbers. This year, however, there were key things that stood out to me, surprised me, or were interesting in the context of trade-offs government can make, so I wanted to highlight some of them (all dollars inflation adjusted). Other people may be drawn by other numbers, so please read the reports in detail for yourself:"
Establishing justice:
Violent crime (aggravated assault, robbery, rape,murder and non-negligent manslaughter): Since 1980 when there were 597 incidents per 100,000 people,rates peaked in 1991 at 758, but then were cut in half to 362 by 2014 and moved slightly back up to 386 in 2016 (page 27).
Drug crime:
There were 324,489 people incarcerated in 2000 for drugs (0.12% of the US population), but that decreased to 289,200 in 2016,which was 0.09% of the US population (p. 27).
Incarceration:
2.2 million people are incarcerated in the US today, and that number climbed faster than population growth since 1980. Violent criminals represent 49% of the incarcerated population, partly because the average release time for violent crime rose from 3.2 years in 1995 to 4.2 years today. Drug offenders have decreased to 19% of the incarcerated population (p. 28).
Providing defense:
Active duty military: There are fewer Americans serving in active duty, down from 2.1M people in 1980 to 1.3M in 2016 with notable year-over-year changes in 2008 (up only 1.6% during the “troop surge”) and 2014 (down 3.2%) correlated with changes in Iraq and Afghanistan (p. 36-37).
Military equipment:
Military spending has declined since the height of the wars in 2010, but it’s interesting that we now spend more ($85B) on R&D,software, and electronics than we do on aircraft, ships, vehicles, ammunition, missiles, and gas ($75B)(p. 37).
Border security:
Border apprehensions are down over 80% since 2000 to 311,000, the number of border patrol agents has increased from 4,139 to 19,437 since 1992, and there are approximately 12.1M unauthorized immigrants currently living in the US (p. 40).
GDP:
GDP growth has averaged 2.7% annually since 1980 with some volatility. This is interesting to look at in the context of changes in interest rates,government spending, or tax policies. GDP per person rose from $31,724 in 1980 to $58,468 in 2017, averaging 1.7% annual growth since 1980. The average for the first 18 years was 2.2% while the average for the following 18 years until 2017 was 1.2%(p. 43-45).
Jobs:
A higher percentage of working age people (ages 16-64) (69%) have jobs compared to 1980. If the percentage had remained steady, 14.6M fewer people would be working today. The most significant job growth appeared in low-wage jobs in food preparation/service and personal care, and high-wage jobs in healthcare and business/finance(p. 45, 48, and 49).
Poverty:
Although the poverty rate fluctuated between 1980 and 2016, the official poverty rate today (which does not take into account many government transfers when calculating income) is 13% overall and 18% for children, roughly the same as in 1980. Overall, 36% of all single mothers are living in poverty, which is down from 43%, and 9% of all seniors, an improvement from 16% (p. 54).
• Income, taxes, transfers, and standard of living:
There was a decline from $38,000 in 2000 to $33,000 in 2016 for the minimum family income needed to reach the middle 20% of the income quintiles, while it currently takes $116,000 to get into the top 20%. Also, we saw an 11% increase in the average transfer (excluding Social Security and Medicare) to disadvantaged people (the bottom 20%)since 2000 to $11,731 today. The average amount spent on housing is $470 for the poorest 20% of Americans, $1,006 for the middle 20%, and $2,301 for the top 20%. (p. 51 and 53).
• Health and healthcare:
Obesity and diabetes rates have been rapidly increasing since 2000. Smoking rates have decreased. The average age of death in 2016 was 72.9, up from 72.3 in 1999, and life expectancy for those born in 2015 is 78.8 years, up from 73.7 in 1980. Spending on healthcare in the US(private, government, and out-of-pocket spending for healthcare expenses like drugs, hospitals, doctors,and health insurance administration) is up to $9,578 per person (16.6% of GDP), an increase of 56% since 2000. On average $1,100 of that is out of citizens’own pockets. Regarding cost of care, Medicaid spending per person has been flat since 1999,Medicare spending per person has been flat since 2009, while the cost of a hospital stay on average isup 35% from 2000 to $11,401 (p. 57-58).
Education:
High school graduation rates are up to 82% from 71% in 1980, while 8th grade reading and math proficiency rates are at 36% and 34%,and student teacher ratios are down to 16:1 from 19:1 in 1980 (p. 62).
Federal deficits:
Our government has operated at a deficit every year since 1980 other than 1997-2001 and 2007 (all of which came right before economic slowdowns).
Looking at taxes as a possible way to address deficits, payroll taxes generate 34% of federal revenue compared to income taxes at 47%. The top 20% of the population pay less payroll tax than income tax,while the other 80% pay more payroll taxes(directly and through their employers) than income tax.
Looking to spending as a possible way to address deficits, obligations for Social Security and Medicare, federal pensions, and interest payments account for 36.2% of combined federal,state, and local spending (p. 13 and 17).
Population changes also can affect deficits, as a higher population means more workers paying taxes, while more elderly people means more benefits to be paid. Elderly Americans have increased to 15% of the population from 11% in 1980. Overall, the population grew by 2.3 million people in 2016 – a combination of 1.1M new immigrants, 3.9M births, and 2.7M deaths (p. 10).
Mobility and key factors by race:
On average,the probability that a child, whose parents were in the bottom 20% of income, would themselves move out of the bottom 20% has been 83% for Asians, 75% for Hispanics, 71% for Whites, and 63% for Blacks. Also, the percent of 16 to 64-year olds working is 74% for Whites, 68% for Hispanics, 65% for Asians, and 60% for Blacks.Finally, the percentages of births from unmarried women are 70% for Blacks, 53% for Hispanics,29% for Whites, and 12% for Asians.Comment
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Re: Just how Crazy is Donald Trump!
WOW I am AMAZED you could copy and paste ALL those facts that ENDED Before the Trump agenda really got going... but thanks anyway for the attempt.Comment
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Re: Just how Crazy is Donald Trump!
USAFACTS only publishes historical gov't data.
It does not make predictions or forecasts. It only provides data for the reader to interpret.
It will probably be many months into 2019 before the gov't publishes data about 2018.Comment
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