• 4 Posts
  • 185 Comments
Joined 2 years ago
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Cake day: September 12th, 2023

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  • He is not.

    A tariff is a tax that increases the price of imported goods.

    Tariffs are used to push people toward domestic alternatives to imported goods.

    However, today, there are no domestic alternatives to most important goods.

    So, all it’s doing is increasing the burden on the average person.

    Companies are not going to invest in domestic production. They are going to spend that money lobbying to have tarriffs removed. Because guess what? Once tariffs go away, consumer prices are not going to go back to what they used to be. Instead, megacorps are going to pocket the difference as profit.