The Stamp Act as a model for Tariff Impacts - Page 1
Forum section: electronics / general

author: watchmaker
author_rank: Unknown
timestamp: May 06, 2025, 07:41:40 pm
content: Of course, many US citizens firmly believe that the repeal of the Stamp Act was caused by the Boston Tea Party.As usual, the story is a bit more complicated than the 8th grade stories we are told.While the Tea Party had a minor impact, the repeal was enacted because many of the MPs relied on income from the Sugar Island plantations.These islands had been stripped of every resource to grow one thing, sugar cane. There was no lumber or space to grow food. They relied on the circle that included England, the Colonies, Africa, and the Islands.It was the Colonies that supplied the lumber, meat and bread that made the Sugar Islands sustainable (as well as American Indians for slaves).But, there were OTHER customers for those "commodities", particularly the Spanish and Portuguese. The Stamp Act redirected those commodities away from the British Sugar Islands, threatening their viability. This meant a serious reduction in revenue for those very MPs who enacted the Stamp Act and when they began to feel that impact, of course it was personal wealth over "principle".We are already seeing this impact from the US tariffs. Countries are simply working around the US like the New England colonies worked around the British Sugar Islands. I also expect personal wealth to eventually outweigh "principle:As for me, I am buying Euro based ETFs. Once those countries take hold, the USA may well find it is no longer relevant.

author: TimFox
author_rank: Super Contributor
timestamp: May 06, 2025, 08:31:23 pm
content: I don't know current UK law, but they used to require a tax stamp on a bank cheque (or check in American usage).A story series on the BBC about a curmudgeon after my own heart included episodes about his fight with Inland Revenue.When he finally lost his legal case about taxes, he found that a cheque could be written on anything (paper, etc.) before submitting it.He then wrote the cheque on the side of a cow and attached the tuppenny stamp on her dexter horn before leading the creature to the tax office.

author: thm_w
author_rank: Super Contributor
timestamp: May 06, 2025, 09:20:36 pm
content: Can you post this instead in the existing 3 or 4 threads we have already?Or change the title if you want to discuss investing, but, this isn't really the forum for that, unless its related semiconductor investing maybe (INTC, NVDA, etc.).

author: watchmaker
author_rank: Unknown
timestamp: May 06, 2025, 09:45:34 pm
content: I will ask the moderator if this is appropriate as a new subject.Just sent. IMO, it is sufficiently different; but all is ok with me.

author: tggzzz
author_rank: Super Contributor
timestamp: May 06, 2025, 10:34:23 pm
content: Quote from: TimFox on May 06, 2025, 08:31:23 pmMisleading Cases.The BBC series in the 60s was loosely based on the stories published in the humorous magazine "Punch". The store's author was AP Herberthttps://en.m.wikipedia.org/wiki/A._P._Herbertwho had an interesting career.There are several books of "Misleading Cases", and some are downloadable. Recommended, for those who delight in "the gaps between the floorboards" of English Law.

author: Halcyon
author_rank: Unknown
timestamp: May 08, 2025, 04:10:44 am
content: Quote from: watchmaker on May 06, 2025, 09:45:34 pmI don't have anything against it unless someone can come up with a compelling reason to merge it with another thread?

author: EPAIII
author_rank: Super Contributor
timestamp: May 08, 2025, 05:46:40 am
content: Frankly I think it is sufficiently imprecise in meaning that it should be closed.

author: jpanhalt
author_rank: Super Contributor
timestamp: May 08, 2025, 05:54:43 am
content: It seems watchmaker's revisionist premiss is baloney.Quote from: watchmakerThe Stamp Act did cause tensions with colonists over the issue of taxation without representation. It was repealed in 1766. The Boston Tea Party was later (December 1773 ) and in response to the Tea Act of 1773. The underlying issue was still taxation without representation. That's what I learned in elementary school. See:https://en.wikipedia.org/wiki/Boston_Tea_PartyBoth Grok and Google agree. Here is Grok:QuoteSince it's baloney by what seems to be an unhappy American, maybe we need a new section called simply Background Noise?

author: Analog Kid
author_rank: Super Contributor
timestamp: May 08, 2025, 06:46:07 am
content: Quote from: jpanhalt on May 08, 2025, 05:54:43 amSounds to me like you're the unhappy American here, who can't stand any deviation from what you learned in social studies in grade school. (In other words, the usual propaganda.)I think you ought to read Howard Zinn'sA People's History of the United Statesfor starters. That shows us where the bodies are buried, and all the ugliness that's been hidden from us in plain sight.

author: Marco
author_rank: Super Contributor
timestamp: May 08, 2025, 10:35:25 am
content: Quote from: watchmaker on May 06, 2025, 07:41:40 pmGood luck.Germany's economy was mercantilist too and dependent on US consumption, that doesn't turn on a dime. Meanwhile EU are going to be a dumping ground for Chinese output. With anti tariff propaganda being hyper politically correct at the moment, making any type of intervention extremely difficult. Be sure to not be exposed to EU industry, service economy might do well for a while, until China decides they have surpressed wages long enough.

author: watchmaker
author_rank: Unknown
timestamp: May 08, 2025, 11:47:16 am
content: Quote from: jpanhalt on May 08, 2025, 05:54:43 amNOW we know where you get your "facts"; after all, if it is on the internet it MUST be true (especially if it supports your beliefs).

author: jpanhalt
author_rank: Super Contributor
timestamp: May 08, 2025, 11:53:48 am
content: Quote from: watchmaker on May 08, 2025, 11:47:16 amWhere did you get your facts from? The ABC Debate moderators?Not a single reference in the storybook you wrote.

author: watchmaker
author_rank: Unknown
timestamp: May 08, 2025, 12:07:56 pm
content: Quote from: jpanhalt on May 08, 2025, 11:53:48 amFrom real books written by real historians; not AI which is well known to hallucinate and is a terrible source to on which to rely.If you have access to a library, read Analog Kids suggestion, or another book is Atlantic Economy, New England Ecology. But I am sure that since they challenge your beliefs, the facts will change nothing for you. It is an axiom in learning theory that beliefs are highly resistant to factual knowledge since the beliefs are reinforced by the milieu of the belief holder.Now if you have a source that directly discredits either of the above sources (as in someone who critiqued the actual books recommended) THAT would be scientific counter argument. Do you have such a critique to quote?

author: tggzzz
author_rank: Super Contributor
timestamp: May 08, 2025, 12:38:21 pm
content: Quote from: watchmaker on May 08, 2025, 11:47:16 amFTFY.Not sure what he means by "google": an AI emission or a specific search result. Grok is of course an AI system from the company that trumpets free speechexceptwhere Musk is the subject.

author: jpanhalt
author_rank: Super Contributor
timestamp: May 08, 2025, 03:06:15 pm
content: Quote from: watchmaker on May 08, 2025, 12:07:56 pmCan you provide one single reference from a peer reviewed book? What books do you consider acceptable? Specifically, any source that connects the Boston Tea Party directly to the Stamp Act? Do you understand that the Stamp Act was repealed long before the Tea Party? Or, do you contest that fact?Of course, our revolution did not arise overnight. There were many issues (Our Bill of Rights reflect them.) One underlying issue at that time was lack of representation in Parliament. Of course, British businesses and trade were factors. But, your fabricated story is baloney.

author: watchmaker
author_rank: Unknown
timestamp: May 08, 2025, 03:12:53 pm
content: HUH? I just did.But rather than follow your lead and impugn your love of country or rely on pejorative and ad hominin attacks, I will try to parse your concerns.To start:Do you deny England established colonies to provide resources for itself?Do you deny that England relied on the forests of the New England Colonies for pine tress for shipbuilding?Do you deny that England relied on a circular trade route to keep ships loaded?Do you deny that England established Sugar plantations on the Islands?Do you deny that the New England colonies sold Native Americans to the Sugar Islands as slaves?Do you even know what was Prince Phillips War?