Submitted for your approval: A JD elected to Congress argues tax policy with the creator of "Dilbert," in...The Twilight Zone.https://twitter.com/justinamash/status/805626315810504704 …
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Replying to @BobMurphyEcon
BTW I'm not picking sides. I actually think Amash is missing Adams' point. I'm just remarking on the fact of the exchange.
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Replying to @liberty_trump
He's saying tariff won't be triggered because no company would move. So when Amash says even if no move...that misses point.
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Replying to @BobMurphyEcon @liberty_trump
I.e. Trump isn't saying "35% tariff now around country." He's saying only on those companies that move & try to sell back.
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Replying to @BobMurphyEcon @liberty_trump
To avoid misunderstanding: Trump's stmts outrageous, both in economics and rule of law. I'm just explaining Adams' argument.
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Replying to @BobMurphyEcon
trump's suggested policy still bad tho bc it might prevent producers from lowering costs, thus higher consumer prices? y/n?
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Replying to @PadreConDios
Yes. I'm pointing out that the existence of a tariff affects prices even if no companies move.
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Replying to @justinamash @PadreConDios
Right, and that's correct and impt, but on your narrow argument w Dilbert guy, he was saying no tariff triggered.
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He wrote no tax is triggered. Govt-created tariff that compels companies to raise prices is a tax on consumers. @PadreConDios
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