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82 sats \ 3 replies \ @Signal312 14 Nov \ parent \ on: I Worked With Ronald Reagan. Here's What He Really Thought About Tariffs econ
Really? Don't they make the items we buy much more expensive?
Or are you saying the pain for citizens of other countries is worse?
That's the irony. Tariffs are a tax that can be avoided more easily than the income or property taxes. But you see, it doesn't punish enough people. I really think that left is driven to some extent by a desire to inflict punishment on the productive classes. Not just the rich. But those that would dare rise and have the attitude that they own the fruit of their labor.
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The second one. I haven’t seen someone actually estimate the tax incidence for these tariffs yet, but it’s not unreasonable to expect foreign producers to bear the brunt of them.
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I often hear people that don't like Trump say tariffs are taxes and they make our stuff more expensive. I have never heard anyone advocate for the the importer or exporter. They are solely focused on their own interests.
The reality is that these taxes are not on consumers and at the same time are a market distortion introduced by a state. It is likely that the effects are good for competing US industry but not for US consumers. It's also possible that these tariffs costs are spread out unevenly due to the size of the US market. Meaning that smaller markets might be effected and maybe even more effected.
This is what makes me frustrated about the left. They are very inconsistent. In this situation they claim to see the second and third order effects. Ones they largely ignore when it is convenient.
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