Some people believe that since lower income jobs overseas are stealing jobs from America and therefore a tariff on their products should be levied to equal the playing field.
This is portion of an article discussing tariffs and if they are a good thing to embark upon.
"If the Chinese lower their prices (for what ever reason), it is to our benefit. If people see the low prices and say, “it’s taking away our jobs,” they are looking at it wrong. What low Chinese prices do is give us products at a lower cost and leave more money in our pockets to spend on other goods. If we produce flatware in the United States for $20, and we can get flatware from China for $5, then buying the Chinese product leaves us $15 for a book and perhaps lunch at McDonald’s.
When the tariff is introduced that makes Chinese flatware $20, the government has effectively deprived the book industry and the McDonald’s Corp. of our patronage and reduced their bottom line. Our national industry is stifled, because we waste time and money producing $20 sets of flatware instead of investing our capital and energy into new innovations and buying the Chinese flatware at $5.
Ultimately, the consumer is robbed of a new book and lunch at McDonald’s; because instead of spending $20 for a set of flatware, a new book and lunch, he instead spends the same $20 and walks away with nothing more than the flatware.
This is portion of an article discussing tariffs and if they are a good thing to embark upon.
"If the Chinese lower their prices (for what ever reason), it is to our benefit. If people see the low prices and say, “it’s taking away our jobs,” they are looking at it wrong. What low Chinese prices do is give us products at a lower cost and leave more money in our pockets to spend on other goods. If we produce flatware in the United States for $20, and we can get flatware from China for $5, then buying the Chinese product leaves us $15 for a book and perhaps lunch at McDonald’s.
When the tariff is introduced that makes Chinese flatware $20, the government has effectively deprived the book industry and the McDonald’s Corp. of our patronage and reduced their bottom line. Our national industry is stifled, because we waste time and money producing $20 sets of flatware instead of investing our capital and energy into new innovations and buying the Chinese flatware at $5.
Ultimately, the consumer is robbed of a new book and lunch at McDonald’s; because instead of spending $20 for a set of flatware, a new book and lunch, he instead spends the same $20 and walks away with nothing more than the flatware.
Tariffs are destructive." Alex Frazier, Personal Liberty Alerts
I never really thought of it this way since I never took an economics course in my life,
and anybody who hasn't thought this way really doesn't understand economics either.
So, for all those libs out there screaming about "outsourcing,"
stop reading and going out to eat!!
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