“Well now, boys, let me explain what’d happen if I kicked out three million workers and slapped on a 30% tariff! It’s not as simple as counting coins in a piggy bank.”
- First off, we'd lose a heap of hard workers! Who will pick crops, build houses, and cook fancy food for folks if those people are suddenly gone? Sure, some might say other workers could step in, but that means paying more. More pay means higher costs, and higher costs mean someone’s gotta pay up. And believe me, that “someone” is?always?us in the end!
2.?Tariffs — The Price of Imports Goes Up, Up, Up!
- Now, tariffs are just a fancy word for an extra tax on stuff coming from other countries. You slap 30% extra on those goods, and you know who’s going to feel it? Us buyers! Take a look at anything imported — from shoes to gadgets — and prices are bound to soar. Consumers like you, me, and everyone are going to fork over more for the same things we were buying yesterday. Imagine if your favourite ice cream went from one dollar to?one dollar and thirty cents!?Every coin counts, nephews!
3.?Who Pays These Tariffs?
- Think of it like this: importers pay those tariffs at the border, but they’re going to pass those extra costs right along to folks like us! It’s like having to pay a toll every time you cross a bridge — eventually, they’ll just add it to the price of the ticket for everyone using that bridge! And watch out for other countries, too; they might get annoyed and slap their tariffs on?our?goods, making it harder for us to sell anything back to them. That’s a double whammy!
4.?How It All Hits the Piggy Bank!
- All these things together would make everything from cars to candy cost more, which means people might cut back on spending. And if everyone starts spending less, businesses won’t grow as fast. Meanwhile, the labour shortage will leave industries like farming and construction in a pinch, and that could put the brakes on our whole economy. Oh, and inflation could tick up, which is just a fancy way of saying your money won’t stretch as far as it used to.
So, nephews, if you thought a big ol’ tariff and labour exodus would be a golden goose for the economy, think again! You can’t just pull coins from one pile to another and expect to end up richer!”
Certified Agile Coach (ICP-ACC, CSM, Flow@Scale Pioneer ), Works with people and teams to transform ideas into valuable products and services.
3 个月Interesting times we live in. Thanks for your perspective Rudolf Burkhard