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I think the government just needs to change incentives so that companies stop offshoring everything. Tariffs are much maligned for increasing costs for consumer
by brokencode 5y ago
I think the government just needs to change incentives so that companies stop offshoring everything. Tariffs are much maligned for increasing costs for consumers, but that seems like the most efficient way for getting companies to make stuff here.
Instead of corporate welfare like these rich companies clearly want, why don’t we take the tariff money and use that to fund regular welfare, such as some of the programs Biden is suggesting.
Or maybe we could just take all the tariff money and divide it equally amongst all citizens? That should offset the tariff for the average person, while still allowing us to get companies to figure out the problem for themselves.
That approach can be extended to taxes on pollution as well. Capitalism does work, and we need to recognize that, but it has to be guided and regulated appropriately, or it gets really greedy really fast.