No. of Recommendations: 4
Q:How will tariffs impact inflation?
"Over time, they're a tax on goods. I mean...you know, the tooth fairy doesn't pay 'em. I mean...you always have to just ask and then what?
You always have to ask that question in economics. Always say, And then what?"
Brings up a good point. Lots of economists think we'd better off taxing consumption, which is the enemy of productive investment, rather than taxing income, which is the friend of working hard to be productive. Is there any particular reason to think Tariffs are a worse way to do that than is a VAT or a national sales tax? The way I figure it, at least the current administration is doing SOMETHING to increase "taxes" before someone comes along and freezes our credit cards.
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