Tariffs are taxes on the overall population. The U.S. is broke. Consumer prices are skyrocketing. Individual citizens are the only entities which have any true income, or for that matter any genuine assets. In order to survive, the government must find ways to bleed what is left in resources out of the general population. The only other solution is to start closing Federal Agencies or cutting salaries of Federal employees.
Tariffs can be described as a benefit, and guess what? A huge portion of the population can be duped into believing that they are. I have this saying. Never trust a politician, billionaire or broadcaster, Tariffs work against you, despite what these types say.
How is this possible in a democracy? As I say, democracy is the wrong system for a people who trust leadership. Americans hang on every word coming out of the mouths of the powerful. It is as simple as that. Add to that a number of misguided myths that purvey the national consciousness, as follows. here are a few.
Intellectuals routinely assume that what works on paper will work in practice, as if foreign vendors will not change their marketing practices in response to U.S. Tariffs. They will respond with their own protectionist policies with regard to the United States. It will make more sense to them to lower their prices elsewhere than it will to pay U.S. taxes.
The president has the role of guiding the economy. This is not the case, nor is it the case that the economy must be guided, at all, from the top down.
There is actually no such thing as the U.S. economy. The economy, as it effects you, is a worldwide phenomenon, regardless of how it is presented. People are easily manipulated as they treat it as a my team vs the other team, situation, as if they have anything to gain by a stellar GDP relative to China, for example. There is no go team go in economics. Its every man for himself, independently of the way you would like it to be.
Government does not provide safety. More people have died due to government’s efforts to keep us all safe programs than not. Our intelligence agencies may very well be the leading cause of death in the country,
Experts do not know what is best. For the most part experts milk society. Without government funding for their efforts, most would go broke.
This is the essence of tariffs in the light of reality. Eventually reality imposes itself on all of us. Why not deal with it in advance?.
With tariffs, just add more economic misery to what you are already experiencing.
