Insightful read as someone who absolutely loathes Trump.
“The tariff—paid for by the foreign entity—also generates revenue for the government... McKinley reasoned that if governments required funding in order to function, that funding must be procured either by taxing American citizens or taxing foreign imports.”
I’ve been under the impression that tariffs are typically paid for by the importer in the country imposing the tariffs. In effect, a tax on the importer inevitably gets passed onto the consumer as an indirect tax, no?
Another banger here Jason. Great context and research. I appreciate your incisive compare and contrast exercise here. I do question one point you made. At the end of the article, you state: "In my humble opinion, it does not make for a stronger and healthier planet that works together to solve societal and ecological issues, but perhaps that is an old-fashioned 20th century notion." Hmmmm... I, for one, do not believe that working together "to solve societal and ecological issues" that produce a "stronger and healthier planet" is on old fashioned idea. In fact, it is the mindset of a noble, moral and wise people. It is our better angels on display for the world to see.
Insightful read as someone who absolutely loathes Trump.
“The tariff—paid for by the foreign entity—also generates revenue for the government... McKinley reasoned that if governments required funding in order to function, that funding must be procured either by taxing American citizens or taxing foreign imports.”
I’ve been under the impression that tariffs are typically paid for by the importer in the country imposing the tariffs. In effect, a tax on the importer inevitably gets passed onto the consumer as an indirect tax, no?
Another banger here Jason. Great context and research. I appreciate your incisive compare and contrast exercise here. I do question one point you made. At the end of the article, you state: "In my humble opinion, it does not make for a stronger and healthier planet that works together to solve societal and ecological issues, but perhaps that is an old-fashioned 20th century notion." Hmmmm... I, for one, do not believe that working together "to solve societal and ecological issues" that produce a "stronger and healthier planet" is on old fashioned idea. In fact, it is the mindset of a noble, moral and wise people. It is our better angels on display for the world to see.