4/12/25

4/12/25

Tariffs - https://www.youtube.com/watch?v=UIhO4AJ1ZBY 

High tariffs are historically accompanied by extreme wealth gains for the capitalist class

High tariffs may promote the rebirth of domestic manufacturing, but those job/salary gains are offset by an increase in consumer prices

Tariffs artificially inflate the prices of foreign products, and reduce competition for domestic producers, allowing them to jack up prices in turn

Conversely, free trade (ex. NAFTA), destroys domestic manufacturing and enables American companies to offshore manufacturing and pay foreign workers a fraction of what they would have to pay American workers, increasing corporate profits

If Trump was serious about promoting American industry and helping the working class, he would use our tax dollars to fund factory-building, but instead, he wants to cut taxes for the 1%

Trumps wants to use tariffs to fund the gov’t so he can eliminate the progressive income tax