09 January 2020

Not Just Tariffs

"Tariffs are a tax on consumers."

All taxes levied on businesses are taxes on consumers.  There is no way of assigning increased costs to a supplier of goods that cannot be passed on to the consumer and end user.

Tariffs are just a tax on imported goods.

Buy domestic and you avoid the tariff.

The founders were very keen on them, in fact.

Steep tariffs on imported goods and virtually none on domestic business encouraged business to make all the goods that the nation needed without reliance on a foreign nation's goodwill towards ours.

We're already seeing the wisdom of such self sufficiency with gas prices barely nudging up when Iran got stroppy.

Lower corporate taxes would, likewise, make it more profitable to make stuff here.  Fixing labor and environmental laws would help too.

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