Creator refutes three common arguments in favor of economic tariffsfrom @bradley.thor

Transcript

If you would good told me two years ago that the conservatives of The United States Of America would be the ones welcoming in tariffs, I would have looked at you and said, which ones? Not the voters. Right? The voters aren't. But here we are, and that is exactly the current climate here in The United States. But good, I'm not in the business if I told you no, and that's not something that I'm digging or looking for. I would hope that the end result is a net positive. Even if I don't believe it will be, that's what I would hope the result is. But in the spirit of me attempting to be as objective as I possibly can, I would like to cover three of the most common comments slash arguments that I've seen supporting tariffs? Now the most common one that I've seen is that, yes, this is what we voted for. We want manufacturing back in The United States. Now the main argument, the main thing you would wanna think about as a counter to that point is that you would typically want the manufacturing plans to be set in place before placing the tariffs. Yes. The parts that make parts that make machines that make things come from elsewhere. Which leads me to the second most common comment or argument that I've seen in favor of tariffs. We just have to hurt for a little bit. We just have to deal with some short term pain, some short term struggle. My personal counter to that is in two parts. One, why? Why does that pain that short term struggle need to be on the shoulders of people who make far less than the 1%. Why? Two, if there is a drought, it is going to be the seasonal creek in your backyard that dries up first, not the Colorado River. So if we as American citizens have to deal with a short term recession or one that kind of smells like a depression, everyday Americans trying to take advantage of buying low in the stock market is a moot point because the massive corporations and tier rich people who already do play in the stock market will be buying 99% of it. The upward transfer of wealth during periods of extreme recession or depression is unbelievable. And once you go off the edge of that cliff, it's very hard to come bad. Right? Because it's very hard to convince large corporations to sell you back their assets. And one of the last comments or arguments that I've seen extremely frequently is that this option tariffs are far better than income taxes. And I want everyone to keep in mind when I look around the room, I don't see anyone psyched about income taxes. But any tariff or tax that is consumer based, the person buying the product will be regressive. Meaning, it will impact people who make less money far more than it impacts the the wealthy and the rich. Disposable income, will probably drop around 4% for lower income households. When you compare that to the higher income households, the very top end, those households will only be impacted by about 1.8 ish percent. Taxes that are consumer based are lopsided and fucked up towards lower income households. They always are. If you are in favor of these economic policies, you should still still be asking, why is the American middle class again footing the fucking bill? Do you know what will happen if you give corporations another excuse to charge you more for goods? That price tag is not coming the fuck back down. There are a 150 different reasons why a corporation can justify increasing the price of a good because of tariffs, even if that good doesn't come from overseas. Again, I'm not looking for I told you so's. I'm not gonna sleep better at night with that.