Posted by: thepinetree on 01/23/2017 03:08 PM
Updated by: thepinetree on 01/23/2017 03:09 PM
Expires: 01/01/2022 12:00 AM
:
Tariffs Are Good For Votes But Bad For Economy & Jobs! ~ Letter To The Editor By Al Segalla
Copperopolis, CA...It seems protective tariffs are great for getting votes but horrible for the economy and jobs, according to the famous economist Milton Friedman. Why is that? Most of western civilization holds the concept human beings have natural rights. This is also the bases of Common Law. In our country, we have a Constitution that identifies these rights as Life, Liberty and Property. All trade and private contracts rest on the rights of Liberty and Property. In all willing transactions, both parties gain, resulting in prosperity and jobs.
When protective tariffs are imposed on a product. Those buying the product suffer a higher cost or don't purchase thus depressing the market for that product.
The protected product seller loses business as customers seek alternatives. The reason for the tariff is usually to protect the seller of an overpriced product and there is no incentive to reduce cost or improve the product.
Those buyers paying the tariff or the increased price, also lose by the amount of the tariff.
Tariffs are good for votes, but bad for the economy.
Albert J. Segalla, Broker
Bambi Land Properties Inc
3253 Arrowhead Street
Copperopolis, CA 95228
(209) 785-1491
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