[Topspinmo]

Originally Posted by blueash

Understanding that tariffs, a form of a tax, will absolutely increase the cost of those products as the importer has higher costs.. those costs will be passed to the consumer, while the tariff imposed is collected by the Federal treasury. So now the US gov't has more money, but the consumer has less. This is another example of a regressive tax as consumers get hit but those who are not consuming, the 1%ers who are saving and investing not buying with most of their income are not being taxed. So the tax burden is imposed on those who can least afford it and the benefit of not needing to consider a higher marginal rate from the rich benefits who??

And who allowed labor move to foreign soil? Federal Government ——- influences by 1%er’s. And who got shut out the blue collar worker. No matter it’s UNFAIR trade.