Where is your proof that high tariffs increase salaries, increase foreign manufacturers presence in this country and increase demand?
You have none whatsoever
The effect of a tariff is always that it raises domestic prices by removing the choice of less expensive goods and ultimately reduce demand
What is the purpose of a tariff? You say it's so the government can get their cut but we say it's to encourage companies to manufacture here in the USA. If shipping and tariff costs make it too expensive to make it in China, come on home.
And I think even NIKE should be paying tariffs. But only because they mark up their product so much.
How much does Nike actually spend on a pair of sneakers that retails for $100? About $28.50.
Actually that's not that much of a mark up. I thought they would only pay $5 a pair. LOL
A tariff is an outdated protectionist tax that does nothing but raise prices for consumers
And you do know that part of the cost of Nike Sneakers is a tariff don't you? No I guess you don't
Nearly every time someone suggests
raising the minimum wage, some ass always smugly chimes in with “Yeah, but do you want to pay $10 for a McDonald’s cheeseburger? I don’t think so.”
Which is true. Most people would not, in fact, pay $10 for a McDonald’s cheeseburger.
The thing is, this is not something I or anyone else has to ever worry about. Guess why? Because if McDonald’s charged more than anyone was actually willing to pay for a cheeseburger, no one would buy them and they wouldn’t make any money, period. But, my friends, this is how these corporations hold us hostage.
Think about this for a second. Nike pays its mistreated and abused sweatshop workers in Indonesia about 50 cents an hour, and still rarely charges less than $100 for their sneakers. Often they’re over $300.
Do you think J. Crew charges less because they use sweatshops ? Have you
looked a J. Crew catalog recently?
McDonald’s, by the way, has upped the charge of a Big Mac nearly
75% since 2003. According to the Bureau of Labor Statistics, it should actually have only gone up 28%. That extra cash wasn’t passed onto the workers, it was passed on to the people up top and the shareholders. So they’re going to increase prices whether or not they’re paying their employees a fair wage, depending on what they think they can sell these items for.