Sanity Check: Does Government Know How to Spend Your Money Better Than You?
Sanity Check on Trade
Please think about that Tweet for just one second.
Sanity Check on Big Government
If Trump said that the government knew how to spend your money better than you do, you would likely think he has turned crazy.
But tariffs do the same thing. They are a tax on consumers and/or businesses that import goods.
When Trump raises tariffs, not only is he picking winners and losers, he is also spending your money by making businesses and/or you pay more for goods.
Trump even bragged about it!
Trump proposed a tax on consumers or businesses to help pay down the national debt. That is big government in action.
Sanity Check on Your Positions
If you support Trump's tariffs and you are against big government, your positions are dramatically inconsistent.
Mike "Mish" Shedlock