@billpostmus @realDonaldTrump only if you buy the company's product #choice
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No. Reduced competition allows companies to raise prices. A tariff is corporate welfare with broad consequences.
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@justinamash@cabbageguy@billpostmus The "broad consequences" will be massive loss of profitability for off-shoring jobs. -
Nope. The broad consequences are poorer Americans and wealthier elites.
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Read the book you recommended - don't get the "wealthier elites" outcome - help?
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Government intervention (e.g., tariff) puts elites and their lobbyists in charge. They limit competition to detriment of public.
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Seems like "elites" can just move manufacturing to other countries to take advantage of wages, taxes and free trade agreements
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Yes, but they gain much more simply by staying here and using govt to limit foreign competition—at the expense of all Americans.
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@realDonaldTrump yeah Justin. Let's just have the jobs leave instead. Good to know the liberty caucus sold out too! -
you just said
@justinamash & the Liberty Caucus sold out b/c they oppose authoritarian market dictation? Are you on irony-glue? -
I was just thinking that. "The Liberty Caucus sold out by supporting economic liberty!" Makes no sense
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@realDonaldTrump You're smarter than this. Companies that stay would gain a marketplace edge. Few would buy from the others. -
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That's completely fair. So is the added cost of transporting goods to market
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and I thought you are smarter than that David, tariffs have never made things cheaper for anyone
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no one can roll back the clock on manufacturing job losses that started 30 yrs ago, jobs won't be back
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so the majority will get a 35% tax increase to save the 10% of us who work in factories?
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didn't say he would tax foreign producers so I think consumers would be fine!

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That is what it means. I don't think you understand how this works. Tariffs on imports are passed onto consumer
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I understand perfectly. You are confused. Consumers will buy from producers not being taxed.
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your contention is that tariffs won't increase consumer prices?
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no. Reread my tweet and what Trump said.
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jesus christ this thread is aids
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