We are but a few weeks out from the election. There is no way in this world I will vote for the vapid Veep.
At this point unless Trump finds some economic advisor who whispers advice into his self-righteous hard head I won’t vote for him either. That pains me because I firmly believe if you don’t vote you don’t get to complain.
Trump’s tariff plan will be an inflationary disaster. I outlined my reasoning in a previous post. Everything you buy, even food, is subject to the global economy. Like your avocados? Early grapes and corn? Where do you think those come from? Pineapple?
For a business man Trump is woefully ignorant of the world outside of real estate and entertainment.
If you believe the businesses or exporter will pay the tariff, you are an idiot too. Businesses don’t pay taxes. It is a cost that gets built into the final price.
I’ve dealt with tariffs and dumping duties much of my professional life. That cost gets passed right on to the customer and once he builds whatever machinery he produces that cost rolls right to the end user.
I’m all for encouraging us to Buy American. We need to expand our manufacturing base. We need to on-shore more production. This won’t make it happen.
Why did clothing manufacturers leave the Carolinas and off-shore the production of T-shirts? Because no one wanted to pay thirty bucks for a cotton shirt forty years ago. What do you think union wages and benefit cost would add to the price of a T-shirt today?
We live in a global economy, whether we like it or not.