Get your spot now…

They don’t think so.
Usually the economy shifting takes 2-3 years to straighten out.

 

Luckily for those of us who run brokered freight as independents these days even though a million new people will try to get in the game soon they won't be able to work for brokers! It'll just be them and the TQL's of the world who will take on new authorities. No matter who is running the country the windfall of fraud in this industry has led brokers to be MUCH more specific about who they work with than last time things shifted and things like the ELD/Highway mandates will keep lots of people out. I can't believe I'm actually seeing this as a good thing but I think it kind of is.

I'm all for the shift because chaos in any shape/form generally helps out the spot market, where I make my living, but chaos is still, well, chaos and it's going to be a bumpy ride like it always has been.

 

Another good write up if you can read it. This is kind of the long term thought process that could make USA a Super Power House again.










Kevin Beebe, CPA
@kevin_b_b6

I keep seeing so called "smart people" arguing against Trumps tarriff plan, but that's only because they think in checkers, not chess. And yes, Trump's plan is the epitome of 5D Chess. Here's why...


9:43 AM · Nov 9, 2024
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1.8M
Views





























Kevin Beebe, CPA
@kevin_b_b6
·
12h

Replacing income taxes with tariffs is a seismic shift and this idea isn’t for the faint of heart or those clinging to the current tax system’s worn-out model. Imagine no income taxes deducted from your paycheck. You get to keep what you earn.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

That’s right – no federal tax holding you back. For many middle and lower-income Americans, this could mean a significant boost in take-home pay.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Instead of funding the IRS's tax collection machine and being trapped by a bureaucratic income tax code designed to squeeze every last dollar out of you, your tax contributions would be automatically folded into the cost of imported goods.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Now, let’s look at tariffs as the new tax framework. This plan means the U.S. would replace income tax with taxes on imported goods. Let’s break it down: tariffs raise the price of imported items, pushing Americans toward domestic alternatives.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

By making imported products more expensive, American-made goods would have a fighting chance to reclaim the market share they’ve been losing for decades.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

This isn’t just a patriotic pitch; it’s an economic boost to American industries that have been undercut by cheaper imports for years.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Tariffs encourage consumers to buy products made by U.S. workers, in U.S. factories, which translates into stronger demand, more jobs, and even potentially higher wages in manufacturing and other critical sectors.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

The goal is to bring production home and boost employment – not only in manufacturing but in every industry linked to it, from raw materials to logistics. Of course, tariffs on imports mean higher prices on some goods.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Imported electronics, vehicles, and certain consumer goods might get pricier, no sugar-coating it. But let’s think a bit longer-term: if tariffs boost domestic production, American companies have the opportunity (FINALLY) to compete with foreign manufacturers.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

More competition at home should, over time, help keep prices down and improve the quality and variety of products available domestically.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Higher wages from increased job demand could offset these price hikes, leaving American families with more purchasing power than they would’ve had under income tax’s relentless drain. We’re talking about a shift toward a U.S. economy where fewer jobs are outsourced.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

The potential benefits here are tremendous. Imagine factories ramping up production, construction booming to build new facilities, and local economies benefiting from new jobs.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

The current system is built on people spending more time and money every year filing taxes, complying with endless codes, and keeping the IRS afloat. Replacing this income tax mess with tariffs could simplify government revenue collection significantly.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

The IRS wouldn’t need to touch your earnings at all – taxes would come in at ports of entry instead. No complex, opaque system, just straightforward tariffs collected on imports, leaving American-made goods untouched by these tax burdens.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Critics argue it’s disruptive, but how many people out there are really thrilled with the IRS pulling apart their paychecks? If you are, then you needyour head examined.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

And while some argue tariffs might disrupt consumer habits, consider this: the current system disrupts our paychecks. It discourages growth by stripping away a chunk of what we earn and makes the U.S. economy weaker by incentivizing imports over domestic production.

















Kevin Beebe, CPA
@kevin_b_b6
·
12h

Finally, there’s the matter of the U.S. trade deficit. We spend far more on imports than we bring in from exports. Transitioning to tariffs is an economic overhaul aimed at strengthening our position globally.

 

If the tariffs cause truck parts to be manufactured domestically, repair shops will no longer have truck parts shortage issues.

That’s good news for O/O’s as you won’t be told “We don’t have it in stock,” when you’re trying to get your equipment fixed/maintained.

I heard/experienced that there was a truck parts shortage during/after covid because of the west coast ports being shut down, which had ships staged: Ships that had needed truck parts on them.

 

Tariffs are a bargaining tool. The threat will be used to negotiate same as it was during his last term. Start high, meet in the middle somewhere. You can’t just say we’re going to manufacture stuff here because the capacity needed for making things doesn’t exist. And there’s also the issue of raw materials.

 

Tarrifs are not a magic wand. It would take more than a few years of commitment to bring manufacturing back and train people with new skills. By the time, someone like John Deere reconsiders and decides to reopen their plants on US soil again, there's another sheriff in town, that will undo the process, because people will miss cheap stuff from China and will vote for lesser prices.
The only way for this to work is to have a competitive labor Market at home, that would match those overseas and Mexico, and good tax incentives for manufacturers.
But it is difficult to see any competitiveness increase with the attitude of the recent strikes at ports, where the Unions check the slightest sign of modernization and low skill labor force such as crane operators want to have 6 figure earnings, amongst other things.

 

They're idiots, if you're lucky enough to strike gold, you don't go telling everybody where you found it

 

If you (whoever that cpa guy is) think the tariffs are gonna replace income taxes your dreaming

 

No matter what people think, the president's hands are tied, congress is the only group that can do a thing about it.

I hear that trump is going to do this and that for truckers, ELDs are out of his hands.