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Another great Freakonomics example: 'In other words, had the Trump administration simply left washing machines alone and raised taxes on American consumers by
by Gys 8y ago
Another great Freakonomics example:
'In other words, had the Trump administration simply left washing machines alone and raised taxes on American consumers by $1.5 billion, it could have poured that money into a federally funded initiative creating nearly 50,000 jobs, or about 27 times the number created by the washing-machine tariffs.'
- nashashmi 8y agoThe more appropriate calculation would be $82 million in tariffs versus 1800 jobs. Comes to about $46k. The rest of the $1.5 billion would be pricing economics and middlemen cuts.