US businesses and consumers pay 90% of tariff costs, New York Fed says
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Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#2Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#3Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#4The public needs to understand that tariffs aren't meant to punish other countries (which is what is being sold) - they are meant to change domestic behavior.
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#5Congratulations Trump fans --- you voted for a big new tax --- on yourself.
Stupid is as stupid does.
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#6The public needs to understand that tariffs aren't meant to punish other countries (which is what is being sold) - they are meant to change domestic behavior.
They are meant to tax lower income people who spend a large percentage of their income on necessities.
In other words, they are a regressive tax --- pure and simple.
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#7[dead]
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#8Yes.
This is what a tariff is.
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#9Congratulations Trump fans --- you voted for a big new tax --- on yourself. Stupid is as stupid does.
The problem is, the rest of us who vehemently opposed him (and still do) get to pay the idiocy tax too.
Re: US businesses and consumers pay 90% of tariff costs, New York Fed says
#10The public needs to understand that tariffs aren't meant to punish other countries (which is what is being sold) - they are meant to change domestic behavior.
They are meant to tax lower income people who spend a large percentage of their income on necessities. In other words, they are a regressive tax --- pure and simple.
They are a little bit like a sales tax, except only for things not made in this country.