Maybe not directly. How i see it, nothing will prevent the head of companies from raising prices if their personal and corporate profit reduces because of taxes.
Well in that case it's corporations fukking us over more than the policies. So since Trump's policy has been trickle down economics, why back him over kamala's plan to tax the rich?
Right.I’m assuming that an unstated part of the plan to increase tariffs on China is that there’d be an increase in American created products whose total cost of production would amount to less than the cost + tariff from China but China sells products so dirt cheap that it’d likely still not be feasible for an American company to manufacture here and pay American wages then sell at a profit to a buyer who can sell to consumers at a similar cost to the Chinese product. Also what’s to stop the product manufacturing from just moving to another cheap labor country with no or less tariffs? They’re a dime a dozen in Asia and Central America
Right. We are under corporate control. Im not for trump in any sense. And i back harris more for her plans to help the middle class.
Most of our local suppliers are farmers, and we need imports to supplement those industries because we can't produce enough to supply the entire country.
In theory, but capitalism would likely result in american companies upping their prices just short of the cost to import, since the importing business is now stuck, resulting in the consumer still paying for it.
It’d be harder for individuals to do since their personal taxes have no impact on corporate finances but a corporate taxes increase would definitely try to be pushed off on consumers due to “higher costs of doing business” or some BS like that. Anything that affects their bottom line gets at least an attempted push off to the consumer. I’m thinking back to Papa John’s (
) response to the Affordable Care Act. If that happens then it’s up to competitors to find a way to provide the same or better quality profit at a similar or better price point that’s more attractive the the consumer. Economics is really something
The government needs more funds to pay off the debt and continue to fund social programs. The rich control 90 percent of all the wealth so it has to come from their pockets.
You going to have regular American citizens making cheap ass soccer balls and hdmi cables for 5 bucks an hour. We’re to entitled for those task
Can we not produce enough or is it that what we can produce is very limited in scope when factoring in the impact of seasonal changes on agriculture needs and variety of global products available? There are certain crops that we destroy to moderate prices but couldn’t that land be used for other types of crops? We overproduce corn, which is why it’s so cheap and part of the reason that high fructose syrup is in everything vs. actual sugar from sugar cane.
Raise the tariff
