Businesses...
Discussion
And who run the businesses, work there and are the customers?
That's like saying monopoly laws apply to people because businesses are made up of people.
Just because you can divide the entity doesn't mean it's correct. Otherwise I'd just say tarriffs actually apply to mitochondria which don't have rights.
What I'm saying is that it's the people who pay the tariffs, not businesses and definitely not nations.
For example, if Canadians make same quality shoes they could sell for $50 that costs $100 from American shoe maker. Then America puts $50 tariff there. Who pay that $50?
It's the american people and consumers who will pay for it!
Also, now that they have to pay $50 more for the shoes, they can't use that $50 to buy something else and raise the productivity there. It's a lose-lose situation for the people and for the businesses.
I don't necessarily disagree, but if this leads to no income tax it's a big win for the American people.
Its not like your argument, while I agree with it if you separate it out from income tax stuff, is settled. Here's the counter from Perplexity.
Protection of Domestic Industries: Tariffs shield domestic producers from foreign competition by making imported goods more expensive, allowing local businesses to thrive and potentially preserve jobs in vulnerable sectors26.
Increased Government Revenue: Tariffs generate tax revenue for the government, which can be used to fund public services or reduce deficits. For example, recent tariffs raised billions in federal revenue12.
Strategic Trade Policy: Tariffs can serve as leverage in trade negotiations, addressing issues like unfair trade practices or intellectual property theft. They may also incentivize foreign companies to relocate production to the tariff-imposing country36.
Economic Resilience: By reducing reliance on imports, tariffs can encourage domestic production and innovation, fostering long-term economic independence26.
Well, I've studied almost 4600 years back history of economics and coinage and never came across the situation where imposing more tariffs have lead to less taxes, it has been exactly the opposite.
If you study economics and politics, you most likely know that imposing tariffs will lead to less productivity and rising prices, that will lead to more demand for government intervention, which will always result to more taxes, not less.