Open Letter to “Dilbert’s” Scott Adamshttp://cafehayek.com/2016/12/open-letter-to-dilberts-scott-adams.html …
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OK...but it's more like "threat" causing higher prices. By saying "still a tax" I thought you missed his point.
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My point is that the existence of a tariff increases prices even if no companies move. Govt action causes it, hence tax.
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The cost of free trade falling on one narrow slice of society. Benefits accruing mostly to 1%
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you realize that many goods you can afford to purchase are largely produced overseas?
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You realize that has caused mass unemployment which you are paying for indirectly?
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who are these people in the US that would do these jobs?
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Incomes will drop from between $20/hr to $20/day in your free trade paradise. I hope you're prepared for inevitable results
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why? What's your evidence? You're going against some basic economics with your assertions
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The case for free trade is entirely theoretical and not without its criticisms. In the real world the gains are debt fueled
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the case for protectionism is also entirely theoretical. But for the US, you can actually see the benefits of free trade
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Justin, more "efficiency "is not always good. Most people would give up efficiency for stability
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tarriffs are therefore the worst of all worlds.
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so are you saying that it's a tax because companies could lower prices if they moved/outsourced
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tarriffs don't raise revenue bc firms won't export 2 mkts if not price competitive. But price of domestic substitutes goes up.
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if you believe inequality numbers and increased household debt it appears savings being pocketed
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There's a whole bunch of hidden costs associated with free trade. Even if aggregate better off.
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We live in welfare state with personal income tax. Your simplified textbook dogma misses point
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You're also failing to take into consideration all transfer payments & the like that will result
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