05-14-2019, 02:19 PM
(05-13-2019, 06:22 PM)Benton Wrote: So if the companies creating stuff don't move the jobs back (or if they do, but want to keep profits high), then it just raises the cost on consumers who still have low paying jobs.
The reason these aren't going to have a positive impact is because it's all theater costing taxpayers money. Instead of imposing tariffs and forcing businesses to adjust wages or increase jobs, Trump (and I say Trump because he's about the only one in favor of it) is imposing tariffs and Congress/Trump is making up the losses to companies at the cost of taxpayers. So the end result is a higher cost for stuff, no real job creation and consumers/taxpayers having to make up the loss of income for businesses.
This.
Like Benton said, tariffs are not necessarily bad, but in the end they will help corporate stockholders at the cost of all consumers.
Same thing happened with lower interest rates. Lower interest rates can encourage companies to build and expand their businesses, but instead they mostly just initiated stock buy backs that created huge profits for stockholders without creating any new jobs.
If companies stop importing cheap good from China due to tariffs they will just jack up consumer prices and import cheap goods from some other emerging economy (there are a few in Africa) and keep the profits instead of bringing any production jobs back home.
