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Doesn't matter - tariffs decrease purchasing power (these things have a tendency to affect unrelated markets because of the economy's interconnectedness), and l
by pvnick 9y ago
Doesn't matter - tariffs decrease purchasing power (these things have a tendency to affect unrelated markets because of the economy's interconnectedness), and lower purchasing power means slower economic activity, which includes investment in things like research.
- KSteffensen 9y agoSlower economic activity might not be a bad thing. Global CO2 output was definitely positively affected by the financial crisis. This also broke the EUs climate quota system, but that's a separate discussion.
- pvnick 9y agoIt may be fine for self-absorbed silicon valley types with plenty to eat but that sentiment condemns people on the lower rungs of the economic ladder to financial ruin and death.
- KSteffensen 9y agoI know it's unpopular in the US but higher taxes on rich people/companies and higher well fare benefits might also be a way to help people on the lower rungs of the economic ladder.
- tom_mellior 9y agoThe idea of such a tariff, imposed by countries other than the US, would not be either preserving US "economic activity", nor to foster "investment in things like research" in the US.