tag:blogger.com,1999:blog-2761684730989137546.post7266052945613543479..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Alexander Losev — Finance as an Operational Theater in US-China Trade Warmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-20547726060715625922019-05-26T08:14:45.314-04:002019-05-26T08:14:45.314-04:00Tom -- I came across this article on tarriffs from...Tom -- I came across this article on tarriffs from Paul Craig Roberts:<br /><br />https://www.paulcraigroberts.org/2019/05/14/the-tariff-issue/<br /><br />He makes the point that US global corporations are responsible for lost American jobs, not the Chinese, and sets forth an interesting idea about changing the way US corporations are taxed as a solution to bringing jobs back to the US. However, he seems to say that tarriffs are not the solution because the cost of the tarriff will just be passed on to the US consumer in the form of higher prices. What I don't understand is why wouldn't his objection to tarriffs also apply to his tax idea -- that is, why would the higher taxes he proposes be passed on to the US consumer just like the tarriffs? Do you see any difference between tarriffs and taxes in this regard? What am I misssing?JLChttps://www.blogger.com/profile/04238562772564622010noreply@blogger.com