How would this even work? Tariffs function by holding the physical items in customs, until the tax is paid. But a licensing deal on a digital good, that can be transfered undetected over the internet, is impossible to teriff. You could tax it other ways, but 100% of what. The distribution license? The copyright?
I guarantee he hasn’t thought about any of this, and as such this mindless utterance a can be safely ignored.
The more logical choice would be to tax the distribution license sold by non American entities.
The thing that makes this unenforceable is that what he means is that he wants to tax movies not filmed fully in the US even if they are American movies.
Sure I’ll accept I got all the details wrong. That doesn’t really matter to my point. My point is that this is another example of him saying something so stupid, that it shouldn’t get any media coverage.
Point taken, but this isn’t just a “covfefe moment” though. This is newsworthy because Trump just obliterated half of all money in Hollywood. Gone, reduced to atoms.
Culture is one of the main things that the US exports across the world, and this puts a big old smoking hole in our feet in that regard. This will have tangible repercussions.
I’m not sure what logistical hurdle you think cannot be overcome here. All he needs to do is find some stage in the game where any vendor in the United States is required to disclose and pay a tax on whatever is specifically identified as the targeted item. You don’t need to hold the things in customs to do that. We already have tons of taxes that depend partly on the tax filer being honest. And of course they can always be audited later.
Another “Trump said” that should be ignored.
How would this even work? Tariffs function by holding the physical items in customs, until the tax is paid. But a licensing deal on a digital good, that can be transfered undetected over the internet, is impossible to teriff. You could tax it other ways, but 100% of what. The distribution license? The copyright?
I guarantee he hasn’t thought about any of this, and as such this mindless utterance a can be safely ignored.
The more logical choice would be to tax the distribution license sold by non American entities.
The thing that makes this unenforceable is that what he means is that he wants to tax movies not filmed fully in the US even if they are American movies.
Sure I’ll accept I got all the details wrong. That doesn’t really matter to my point.
My point is that this is another example of him saying something so stupid, that it shouldn’t get any media coverage.
This made me chuckle.
Point taken, but this isn’t just a “covfefe moment” though. This is newsworthy because Trump just obliterated half of all money in Hollywood. Gone, reduced to atoms.
Culture is one of the main things that the US exports across the world, and this puts a big old smoking hole in our feet in that regard. This will have tangible repercussions.
Did he? I thought this was something he just said. Did he sign an executive order or take any action to make it happen?
He says shit all the time, and actually tries to do less than 5% of it.
I’m not sure what logistical hurdle you think cannot be overcome here. All he needs to do is find some stage in the game where any vendor in the United States is required to disclose and pay a tax on whatever is specifically identified as the targeted item. You don’t need to hold the things in customs to do that. We already have tons of taxes that depend partly on the tax filer being honest. And of course they can always be audited later.