By Natural Philosopher Michael Alan Prestwood
By Natural Philosopher Michael Alan Prestwood
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Science  •  Philosophy  •  Critical Thinking  •  History  •   Politics  •  RW  •  AI  •  Physics

Tariffs: A Cross-Over Issue

By Michael Alan Prestwood
Financial Advisory, Corporate Tax Planning or Optimization
Piles of coins symbols on a wooden table and an arrow pointing a single coin with the word tax. Financial advisory and tax planning concept. 3d illustration.
Tariffs
Tariffs are taxes. Like all taxes, we should debate them when proposed and prior to implementation. For each tariff proposed, look for a good argument and counter-argument. Step away from partisan politics and weigh the validity and value of the arguments.
  • Last Updated: 2 days ago
TAKE-AWAY: Although tariffs protect specific American jobs, they do increase the cost of goods. In essence, tariffs are a tax on imported items.
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Tariffs: A Cross-Over Issue

  • < 1 minute read

Tariffs are an interesting cross-over issue. Normally, Republicans oppose ALL TARIFFS as taxes on Americans. They even have the Republican Grover Norquist Pledge.

Democrats have always been for “reasonable tariffs” implemented in a skilled and negotiated way so as to protect the American worker. Democrats oppose Trump’s tariffs because very few to no experts agree with his approach. When tariffs are proposed, there is usually a divide among the experts with the Republican party opposing it as a tax on Americans and Democrats trying to justify why the tariff is needed. In Trump’s case, very few to no experts think Trump knows what he is doing. As a generally conservative-type person, true meaning, not the party, I tend to roll with the experts.

Why Grover and Republicans stay silent during this reckless time demonstrates their hypocrisy and is ANOTHER REASON I’M A PROUD DEMOCRAT!

2022 01 25 abt, Mike Prestwood, profile
Michael Alan Prestwood
Author & Natural Philosopher

Mike’s throwback title simply means he writes about science, philosophy, critical thinking, and history with a focus on exploring boundaries and intersections. While his focus is on our rational ideas about empirical observations, he does enjoy dabbling in the irrational. His exploration of human thought led him to develop his Idea of Ideas which allows him to understand what is empirically true, rationally true, and irrationally false. His goal is to be a good source of information in the coming AI age where anything can be faked.

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