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349 sats \ 4 replies \ @Rothbardian_fanatic 4 Nov \ on: A Brief History of Tariffs and Stock Market Crises econ
Beat me to it by 1/2 hour!!
You pay one way or you pay another. The state is in the business of taking money from Peter to pay Paul and themselves. They can take it by income, excise, property and head taxes. But the taxcollector cometh! Whether you like or want it or not.
It's like we talked about on another post, the tariffs aren't aimed at foreigners. The politicians who implement them couldn't care less who gets hit, as long as the revenue rolls in.
What they know is that the rhetoric of targeting foreigners is more palatable to the voting public.
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Yes, for sure. The incidence of the taxation is no different in the cases of tariff and income taxes. They both hit the consumer.
The only decent thing about the tariff is that you can avoid buying that good if you don’t want to pay the tariff. But, let’s face it, a tariff is a tax, only of a special kind.
And, yes, it is always good to say someone else will be suffering the tax, not you!
That is the way the politicians and ELites trick you into consenting to it.
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