Tariffs Start to Ripple Their Way Through the U.S. Economy -- Effects are like a tax increase

Wall Street Journal ^ | June 19, 2018 | Josh Zumbrun

[Hawthorn]

>> What exactly do you know about running a business? I ran and owned one myself, did you? <<

Logic is totally independent of whether I’ve ever run a business.

That being said, if you think tariffs are somehow OK when they allow one American firm to put another American firm out of business, then all I can say is that it’s a free country, and you have a right to your opinion.

And by the way, I’ve run two businesses, one a “so-so” case and the other very profitable.

[Hawthorn]

>> Workers love Tariffs and HATE Income Tax <<

Most “workers” pay very little income tax. What amounts they pay to the Feds are predominately the FICA tax.

But sure. Let’s put huge tariffs on all imports, so that when the “workers” go to Walmart for shoes, clothing, electronics and home furnishings, they will have the privilege of paying much higher prices. That’ll make ‘em real happy.