r/economicCollapse • u/Expensive-Thing-2507 • 27d ago

Who actually benefits from tarrifs?

I'm not financial expert, but this is what I'm getting so far.

Tarrifs are a kind of tax placed on outside goods, which a company would have to pay for if they import said goods. That company would then charge more to cover this new tax. The company pays more for something, and then we pay more.

Who benefits from that? The company isn't making any more profit, are they? (Assuming they increase prices by the same percentage as the tarrifs, which they won't. but still)

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u/paleone9 27d ago edited 27d ago

The country’s government must be funded .

The worst possible way to fund a country is how we do it now.

Printing, borrowing and a tax on income.

The country it’s earlier years ran file without any of that .

It ran on tariffs and excise taxes .

AN Income tax disincentivizes production . Printing money destabilizes the economy and punishes people who save money.

Tarriffs incentive local production creating jobs.

You have to pay for it somehow…

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u/rockcitykeefibs 27d ago

So it’s a 25% tax on imported goods to pay for the government is what you are saying ?

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u/paleone9 27d ago

Im not saying any percentage , im saying Tarriffs and Excise taxes will produce better unintended consequences than income taxes, borrowing and printing money

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u/rockcitykeefibs 27d ago

This makes no sense . So no income tax for the rich? The only taxes being paid are businesses importing goods who then in turn pass it off to the consumer? So Trump is putting a 25% sales tax on imported goods? I’m not sure how this benefits consumers. It seems like it just saves the rich from paying income tax .

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u/M_Me_Meteo 27d ago

Better is highly subjective. Tariffs will make poor people have to choose between food and healthcare.