Curtis Gardner

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Curtis Gardner

Curtis Gardner

@CurtisForAurora

Aurora City Councilmember At-Large

Aurora, CO Katılım Mart 2019
414 Takip Edilen601 Takipçiler
Curtis Gardner
Curtis Gardner@CurtisForAurora·
@daedan63 @EditorDavePerry Hired for enforcement would then be paid out of the general fund. So in fact, the public would pay for it-that’s actually what I want to prevent. 2/2
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Curtis Gardner
Curtis Gardner@CurtisForAurora·
@daedan63 @EditorDavePerry A few things here-my opposition, which was covered in the article, was around additional provisions added in that have nothing to do with preventing sale to youth. Also, if the program doesn’t generate the fines it expects, the public will pay for it because those employees 1/2
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Curtis Gardner
Curtis Gardner@CurtisForAurora·
I can assure you: if you think Wal-Mart should “eat the tariffs” you aren’t a believer in free markets and you’re no different than the left that told corporations to “eat the inflation” post-COVID. Tariffs are, of course, a tax on Americans.
Jonah Goldberg@JonahDispatch

I’m old enough to remember — because I’m not a newborn infant — when Trump said tariffs were paid by other countries. How can Walmart eat tariffs when they’re not already eaten by other countries?

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Curtis Gardner
Curtis Gardner@CurtisForAurora·
Reminder that tariffs are taxes and these tariffs demonstrate a level of economic illiteracy that is hard to grasp. A good synopsis of just how poorly thought out this is:
Arnaud Bertrand@RnaudBertrand

To illustrate just how nonsensically these tariffs were calculated, take the example of Lesotho, one of the poorest countries in Africa with just $2.4 billion in annual GDP, which is being struck with a 50% tariff rate under the Trump plan, the highest rate among all countries on the list. Why? Does Lesotho apply extortionate tariffs on U.S. products and the U.S. is merely being "reciprocal" here? Not at all, despite what Trump is saying, it's NOT the way these tariffs are defined. As a matter of fact Lesotho, as a member of the Southern African Customs Union (SACU), applies the common external tariff structure established by this regional trade bloc. Which means it applies the same tariffs on U.S. products as South Africa does, as well as the 3 other members of the bloc: Namibia, Eswatini and Botswana. So since the tariffs charged by these 5 countries on U.S. products are exactly the same, they must all be struck with a 50% tariff rate by the U.S., right? Not at all: South Africa is getting 30%, Namibia 21%, Botswana 37% and Eswatini just 10%, the lowest rate possible among all countries. So what gives? Again, the way these tariffs are calculated has absolutely zero relationship with actual tariffs imposed by these countries on U.S. products. Instead, they appear to be simply derived from trade deficit calculations. Looking at Lesotho specifically, every year the U.S. imports approximately $236 million in goods from Lesotho (primarily diamonds, textiles and apparel) while exporting only about $7 million worth of goods to Lesotho (wits.worldbank.org/CountryProfile…). Why do they export so little? Again this is an extremely poor country where 56.2% of the population lives with less than $3.65 a day (databankfiles.worldbank.org/public/ddpext_…), i.e. $1,300 a year. They simply can't afford U.S. products, no-one is going to buy an iPhone or a Tesla on that sort of income... The way the tariffs are ACTUALLY calculated appears to be based on a simplistic and economically senseless formula: you take the trade deficit the U.S. has with a country, divide it by that country's exports to the U.S and declare this - falsely - "the tariff they charge on the U.S." And then as Trump did in his speech last night, you magnanimously declare that you'll only "reciprocate" by charging half that "tariff" on them. As such, for Lesotho, the calculation goes like this: ($236M - $7M)/$235M = 97%. That's the "tariff" Lesotho is deemed to charge this U.S. and half of that, i.e. roughly 50% is what the U.S. "reciprocates" with. It's extremely easy to see why this makes no sense at all. First of all, there's nothing Lesotho can do about it: they can't change tariffs they allegedly charge the U.S. to reduce the tariff rate the U.S. "reciprocates" with because, again, it's NOT based on any tariff that they charge. Similarly they can't do much about reducing the trade deficit they have with the U.S. because, again, they simply don't have enough money to buy U.S. products. Also the main rational Trump gave for the tariffs is to get production back to the U.S., to "bring manufacturing back". 47.3% of Lesotho's exports are diamonds: how do you bring the "manufacturing" of that "back to the U.S."? Anyone can see it makes just about zero sense. The Lesotho example exposes the fundamental economic incoherence of these tariffs. Rather than addressing actual trade barriers, they punish countries based on trade deficits that arise from structural economic realities. All the more countries like Lesotho which pose zero competitive threat to American industry. Worse yet, these tariffs will likely make these structural realities even worse: the U.S. is Lesotho's second most important export destination so it's a fair bet that applying 50% tariffs on their products will make people in Lesotho even poorer, and therefore even LESS able to afford U.S. products. But perhaps the most unfair and detrimental aspect of all this is that these tariffs represent a complete reversal of longstanding U.S. development policy, and therefore a betrayal of countries - like Lesotho - who chose to follow U.S. advice in the past. For decades the U.S. has used preferential trade access to encourage economic development in the world's poorest nations, recognizing that trade, not just aid, could get them out of poverty and ultimately put them in a position where they too could afford iPhones or Tesla. They're now effectively penalizing countries for following previous U.S. policy, a lesson which I bet they won't forget anytime soon. So all in all the irony is painful: in the name of fighting unfair trade, America has just demonstrated what truly unfair trade looks like. This isn't something designed to address genuine trade issues, but simply a mechanism based on arbitrary math to punish countries for the affront of selling more to the United States than they buy.

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Curtis Gardner
Curtis Gardner@CurtisForAurora·
I’m old enough to remember when Republicans cared about free markets. CC interest rates are reflective of the risk and the fact they are fully unsecured and can be discharged in bankruptcy. This will drive millions of Americans to payday lenders and other even worse options.
Josh Hawley@HawleyMO

Credit card interest rates are out of control. Rates have DOUBLED in recent years. In 2022 alone, credit cards charged Americans $105 billion in interest. Today @BernieSanders and I are teaming up to introduce a 10% cap on interest rates - just like @realDonaldTrump proposed

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Curtis Gardner
Curtis Gardner@CurtisForAurora·
“These actions will inflict immense costs on the US economy, raise prices for many goods, and poison relations with two of our closest allies and trading partners…They are also unlikely to do much to stem the flow of fentanyl across US borders or address illegal migration” 🤷🏼‍♂️
Ilya Somin@IlyaSomin

In this post, I explain why opponents of Trump's awful tariffs should bring litigation against them under the nondelegation and major questions doctrines. Victory isn't guaranteed, but would be a strong case: reason.com/volokh/2025/02…

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Curtis Gardner
Curtis Gardner@CurtisForAurora·
Happy Hanukkah - wishing you a season filled with light, love and laughter.
Curtis Gardner tweet media
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Curtis Gardner
Curtis Gardner@CurtisForAurora·
Merry Christmas 🎄 Take a few minutes today to remember those that don’t get to spend their day with loved ones-first responders, members of the armed forces, those with loved ones that have passed and so many others.
Curtis Gardner tweet media
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