Morons and tariffs vs carrot and stick
2025-05-14 00:00
This whole Tariff war drives me insane. Mostly because so many doesn’t understand what tariffs are, who pays them (it is always end consumer that ends up paying it in the end for any tax or expense).
A tariff can be a good thing, if you want to, for example encourage people to buy local dairy products over foreign. Or just have a tax similar to VAT to try to even out prices a bit.
But when you just put a huge tariff on anything foreign no matter if there are any local alternatives or not it is just dumb. You’re just making everything more expensive.
One could add the tariff, but make it deductible against documented expenses in the process of moving things against local production.
You can’t be all stick or all carrot, that’s just dumb and counterproductive, but you can get great results with both.
I thought these right wing assholes were supposed to understand the economy?