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Excellent explanation. It also follows that tariffs are wealth-redistribution in disguise. Therefore Trump's actions benefit the working class, at the expense
by DenisM 8y ago
Excellent explanation.
It also follows that tariffs are wealth-redistribution in disguise. Therefore Trump's actions benefit the working class, at the expense of the overall lesser economic efficiency, sort of the opposite of what you would expect from a republican president...
- hyperpape 8y agoA limited subset of the working class in the short-term, at that. There are plenty of working class people who are absolutely screwed by this. Anyone whose industry relies on steel or aluminum is likely losing out (https://www.npr.org/2018/03/24/596744980/trumps-tariffs-lead-to-layoffs-at-steel-beer-keg-company https://www.npr.org/2018/03/24/596744980/trumps-tariffs-lead...). If tariffs really were the best way to help the working class at some expense to the wealthy and upper middle-class like most of us on this board, they would be worth it. But they're not.
- DenisM 8y agoIt could be that more jobs are created than there are lost. Your link doesn't show the opposite (and I don't have a link at all).