Maggie's Farm

From Stuart's Saturday Miscellany; tariffs are inflationary and the problem is our people are stupid to manufacture our own necessities. Well that's not a direct quote but effectively what he said.

But he is wrong and he is begging the question. Lets just agree that tariffs are a blunt tool and has consequences. But to understand why tariffs will work and all the legislation and pleading in the world wont work you need to understand that we are in this predicament intentionally and our congress and administration are complicit. Lets take one well known example; You remember when Disney replaced all their IT workers with Hib workers from India? Well that was a decision made to make more profit for Disney and all or most of your congressmen were paid off to make it happen. We don't have H1b workers because Americans won't do the job! No! We have H1b workers because they are cheap and managed and create bigger profits for billionaires who buy congress and administrators exactly for that purpose. We don't "offshore" American jobs because Americans didn't graduate from college we do it because it makes someone rich and they control lawmakers. We have sabotaged American industries and workers so that a few billionaires could become multi-billionaires and your congress is incredibly cheap to buy. We are literally dependent on foreign nations, not all of them friends, for our day to day existence. And someone is making a fortune because of that.
Will tariffs be inflationary? Probably. Do they have to be? Probably not. To understand that you need to know that your Nike shoes that cost $300 cost Nike about $5 to make in Asia. If the same shoe cost $100 to make in the U.S. can Nike still make a profit selling them at $300? Well, duh!

But don't miss the point. Offshoring our jobs and our essential and critical industries is suicide. Billionaires are buying congress so they can become richer and the fact that it destroys the country is of no interest to any of them. The elite are looting the country and destroying the middle class but look at how many mansions, yachts and corporate jets they have. That's all that matters to them. THAT is why you need a blunt instrument to hit them over the head with because they own congress and any laws written will favor them.