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31 sats \ 1 reply \ @Undisciplined 9 Apr \ parent \ on: China announces 84% retaliatory tariffs on US goods econ
"tariffs will be paid by consumer"
I'm not even granting them that, although it's obviously partly true. There are good reasons to expect the tax incidence to fall heavily on the exporters. Prices will certainly rise to some extent, but I expect it will be much less than full pass through.
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51 sats \ 0 replies \ @Bell_curve 9 Apr
the best way to help Main Street is to eliminate taxes on business (i.e. corporate tax)
doing so will encourage firms to stay home and foreigners to set up shop in Main Street USA
eliminating or reducing corp taxes will encourage in-sourcing and discourage outsourcing
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