The Soapbox

Los Angeles Hoo

Joined: 03/05/2014 Posts: 19535
Likes: 29782


Tariffs are an interesting issue. Yes, they are a tax, and, yes, any...


...laissez-faire capitalist should oppose them on principle in a perfect world, but what if a one-sided attempt at laissez-faire capitalism results in a situation where America has to compete with one arm tied behind its back -- i.e., a world in which other countries both subsidize certain industries and penalize ours?

Should we do nothing about that? Should we be okay offshoring huge chunks of our manufacturing to an adversarial and expansionist communist country? Are we good with a gutted, increasingly impoverished, blue-collar middle America? Are we a country, or simply an economy?

Or might it make sense to pay the bit more that tariffs would entail to mitigate the risks of these larger issues, perhaps even leveling the playing field for our industries overseas and eventually eliminating the need for tariffs?

There aren't easy answers here, but labeling a tariff as a just another tax is too simplistic. The pro-tariff president (Trump) was an excellent tax-cutter (by today's standards) everywhere else. It's knowing how to use the tools at your disposal that matters. He wasn't using tariffs to raise taxes (the amount raised was trivial) -- he was using them to protect American interests.

(In response to this post by fishhoo)

Posted: 01/13/2022 at 10:45AM



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Current Thread:
  I agree — I think the Dems, who run DC, should… -- Los Angeles Hoo 01/13/2022 11:43AM
  Buh how duz that affect ur life?!?!? ** -- ResistHoo 01/13/2022 10:40AM
  Those latter things are different. ** -- ResistHoo 01/13/2022 10:53AM
  I wonder if I can find a WIN button from the 70’s? ** -- Tuckahokie 01/13/2022 10:04AM
  Inflation is another tax. ** -- ryno hoo 01/13/2022 09:50AM
  How so? ** -- HoodatB 01/13/2022 10:37AM
  Ah another business major weighs in. ** -- Lazarus 01/13/2022 09:51AM
  People are saying this. ** -- ryno hoo 01/13/2022 10:04AM
  Thanks ryno, that explains it. Keep well. ** -- Lazarus 01/13/2022 10:05AM
  Same here. Business is great. -- DanTheFan 01/13/2022 10:50AM

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