How Come People Understand the Consequence of a Tariff But Not a Tax?
By Jim Bauer
@porwest (85053)
United States
July 21, 2024 10:16am CST
The left rails against them, and Trump haters like to talk about them. Tariffs. "Don't you get it? A tariff doesn't cost the COMPANY anything. It's an added tax on US! They are just going to pass along the cost of the tariffs on to us and prices will go higher."
Umm. Yes. That is true. But here's the funny thing.
The EXACT SAME THING HAPPENS when you tax a business more.
But somehow, through magical forces perhaps, Democrats and the left see that as just "paying their fair share." Somehow, through further magic those businesses just pay the tax and lose money.
Huh?
Right. Huh is right. Businesses will do the exact same thing with a tax they have to pay as one that has to pay a tarriff.
They will pass it along to US. The consumer.
If I have said this once, I have said it a million times. A tax on the rich and businesses is a tax WE pay. Every single penny of it. If you raise a company's tax by 25 cents, they will raise the price on what they sell an equal 25 cents.
So, the question is, if tariffs are bad and Democrats understand they are, and who pays them ultimately, how come they think a tax on business is good and WON'T work exactly the same way?
You see, there are so many examples of illogical thinking when it comes to Democrat thinking it boggles the mind sometimes.
It's kind of like raising someone's wages to $20 an hour to slap together a hamburger and then being surprised their hamburger costs $15.
A tariff and a tax have the exact same consequence, so why are Democrats against tariffs and FOR higher taxes on businesses? It makes no sense.
4 people like this
3 responses
@porwest (85053)
• United States
21 Jul
@NJChicaa But what I want is for someone like you who supports higher corporate taxes, who is also against tariffs, to explain to me what the difference is?
A tariff and a higher tax on business have the exact same effect. So why do you support one and not the other?
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@mom210 (9121)
• United States
5 Aug
I know, every time I hear that phrase I roll my eyes. In my area they just continually vote in SPLOST taxes(Special-purpose local-option sales tax). They pick a popular topic people won't say no to, roads, traffic lights, and my favorite, children & their education. People run to the polls, please please tax me more more, after all it's only 1-3 cents extra. they tell you, you won't really pay extra, it will mostly be people from other areas shopping here. hog wash! Funny, I lived in an area, right before the big vote, there was a sign, "your splost will pay for a light here, vote YES!" after the election, the sign went down and 15 years later the light finally went up.
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@porwest (85053)
• United States
22 Jul
You won't. All you can hope for is bigger checks. The inflation already happened, so the new prices are the prices we have to deal with. The only way we see lower prices is if we have deflation. And we don't want that. That would mean our economy would probably be in another depression.
Supply and demand could bring SOME prices down slightly. But that's a different factor with a different set of circumstances and influences.
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