Re: US revenues from customs duties

On Sat, 19 Jul 2025 09:40:10 -0600, Retrograde
<fungus@amongus.com.invalid> wrote:

AMERICAN PEOPLE PAID A RECORD HIGH OF $64B for items artificially
inflated by the White House's useless tariffs.

"The saying "no such thing as a free lunch" or "there ain't no such
thing as a free lunch" (often abbreviated as TANSTAAFL)....The phrase
holds particular resonance within the Republican Party and is
frequently invoked in policy discussions, especially regarding
government spending and social programs."

Rs don't understand how their corporate "free tax lunch" will not
work.  They talk the talk, but don't know Jack Schmidt.  Tariffs
represent a government tax on imports, instead of on corps directly,
and we the people are paying for this taxation.  So, corps not
importing products "win" while those who do "loose" with we the people
picking up the indirect taxation.

They also live in a dream world, thinking US is still supreme in
tech/etc., while not considering how Europe/China have developed their
industrial base.  Apparently, they don't recall how their wage/price
control failed: "Nixon issued Executive Order 11615 (pursuant to the
Economic Stabilization Act of 1970), imposing a 90-day freeze on wages
and prices. Nixon instituted a 10 percent import surcharge in
anticipation of the expected fluctuation in exchange rates."