Trump’s Tariffs are Statism On the March – Jonah Goldberg
Posted by M. C. on January 27, 2018
Exceptional article, especially for a neocon.
Carmakers get tariffs put on cheaper imports then raise their price to just below the tariffed price.
The privileged few make out. You take it on the chin.
https://townhall.com/columnists/jonahgoldberg/2018/01/26/trumps-tariffs-are-statism-on-the-march-n2439835
…Sometimes the government protects certain industries in order to goose employment or in the name of keeping prices low for the people or prices high for the producers (i.e. farmers, favored industries, etc.). But such subsidies not only stifle innovation, they also end up hurting consumers or taxpayers or both.
If the government promises cheap, below-cost bread for all, the bakeries will go bust unless they are subsidized. Those subsidies would come from taxpayers, so we’d be paying the real price anyway. If the government taxes cheap washing machines from abroad, the price of washing machines will go up, hurting consumers (which is exactly what happened after the White House announcement).
Every form of statism — from absolute monarchy to socialism to fascism — involves the state forming an alliance with some faction or another and giving it preferential treatment. Protectionism is simply statism applied to trade. In short, it is a conspiracy against the public to raise prices, and nothing more.
Be seeing you
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