In a free market tariffs and taxes are identical. They have the same negative effect on the economy. If America imposes a tariff on another country, like China, then American pay the tariffs in the cost of goods imported from China. The US Government is the only one who benefits from this arrangement.
When Trump was campaigning it came out that he was going to eliminate the income tax. That would be excellent because we still the option of buying American goods instead of imported. But now he is changing from that. So I don't know what will happen. If we end up keeping this diabolical tax scheme that was first imposed on the American people in 1913 and add tariffs the economy will definitely suffer.
I think Trump understands this and I don't know what his plans are but he definitely needs to lower taxes if he is going to impose tariffs.
Upvoted. Franklin D. Roosevelt (one of our worst presidents and hero to the left) was even opposed to unions. He saw that the collective bargaining would be between the government and the unions and the American people had no voice in that discussion and, most importantly, it would be the American people who was stuck paying the bill.
