Jim Wright on Nostr: True. HOWEVER, in the end tariffs are always ultimately paid by the consumer. That's ...
True.
HOWEVER, in the end tariffs are always ultimately paid by the consumer. That's how capitalism works. Meaning everything in Walmart will cost more, but that money goes to the government.
Here's what it comes down to: Trump says he'll levy tariffs on imported goods. Essentially, he'll cut taxes on the rich and make up for it by imposing a de facto tax on the poor and middle class.
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RE: https://www.threads.net/@scottinoc/post/C_l0aA-y0B-
HOWEVER, in the end tariffs are always ultimately paid by the consumer. That's how capitalism works. Meaning everything in Walmart will cost more, but that money goes to the government.
Here's what it comes down to: Trump says he'll levy tariffs on imported goods. Essentially, he'll cut taxes on the rich and make up for it by imposing a de facto tax on the poor and middle class.
1/
RE: https://www.threads.net/@scottinoc/post/C_l0aA-y0B-