How Cheap Prices Cause Public Harm (a) Tariffs are a tax that functions as a tra

How Cheap Prices Cause Public Harm
(a) Tariffs are a tax that functions as a transfer from importers and buyers of foreign goods to the public as a whole in compensation for undercutting labor prices.
(b) Tariffs equilibrate labor arbitrage that extracts wealth from the economy at the expense of labor.
(c) Tariffs equilibrate loss of knowledge and skill from the importing economy to the producing economy.
I could go on with this list all day long.
The first principle of economics is measuring the seen and the unseen (full accounting). All economic claims that do not do so are ‘half truths’ (lies) that centralize gains in the people who hold capital at the expense of the people that work to maintain and produce capital in exchange for income.

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