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346 points Kye | 1 comments | | HN request time: 0.001s | source
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cheema33 ◴[] No.45016963[source]
This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy.

These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.

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pessimizer ◴[] No.45018312[source]
> This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy.

No, people need to stop repeating it, because it's an extremely stupid anti-tax argument. Tariffs are meant to onshore production and raise wages. Telling half the story is simply lying. You might as well complain about buying food because it costs money. You might as well complain about all consumption because consumption is regressive.

The problem isn't tariffs, you can send that money to poor people. The problem is that nobody cares about poor people, including Trump. A lack of tariffs isn't going to make America moral.

One of the only things Trump is doing unbelievably well on is trade. Tariffs haven't been damaging at all. They should be more damaging, but the US is so dependent on foreign poverty that we have to leave any tariff scheme as filled with holes as swiss cheese. The fact is our manufacturing is so based in the exploitation of low-rights and low paid workers from other countries that entire industries would immediately start failing if we ended up in a real trade war with e.g. China.

> To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.

These are Koch brothers policies you're advocating as if they're social justice. The reason why every capitalist you know is complaining about tariffs isn't because they make the rich richer (by some method yet to be explained.)

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1. yibg ◴[] No.45018947[source]
Details matter. Tariffs CAN promote domestic manufacturing and raise wages. But a few things need to be true for that to happen:

1. Targeted specific tariffs aimed at industries we want to protect. Not a flat across the board tariffs on all / most things coming in. The latter IS just a tax on the consumer.

2. Other policies aimed at promoting the said industries. e.g. CHIPS act.

3. Consistency, predictability and stability of policies. No one is going to move manufacturing to the US if they aren't sure if tariffs are going up or down or will get removed entirely on short notice at a whim.

We have none of the above.