The commenter above said “The money exacted for tariffs leaves circulation is entirely, it’s basically destroyed.” They are talking about money that was spent on the tariff already. What you are talking about is the larger impact tariffs have on the economy.
I am not on the side of tariffs. I’m not against them on principle, but the implementation has never really been stellar. I appreciate your perspective, but in my opinion the OP made a somewhat misleading statement that is not really related to your point. People could walk away thinking that tariff money is basically just put in a big pile and incinerated. The money continues to exist and in fact could be directed toward a specific thing. So if we build luxury yachts here and people start importing them, we can add a tariff to them and allocate those funds to retraining programs for people who used to make yachts. I’m not advocating for that, but in that case the money would reenter in a specific location and affect a specific sector.
The commenter above said “The money exacted for tariffs leaves circulation is entirely, it’s basically destroyed.” They are talking about money that was spent on the tariff already. What you are talking about is the larger impact tariffs have on the economy.
I am not on the side of tariffs. I’m not against them on principle, but the implementation has never really been stellar. I appreciate your perspective, but in my opinion the OP made a somewhat misleading statement that is not really related to your point. People could walk away thinking that tariff money is basically just put in a big pile and incinerated. The money continues to exist and in fact could be directed toward a specific thing. So if we build luxury yachts here and people start importing them, we can add a tariff to them and allocate those funds to retraining programs for people who used to make yachts. I’m not advocating for that, but in that case the money would reenter in a specific location and affect a specific sector.