01-14-2017, 02:18 PM
45% tariff? On as typical import purchased at retail, about half the cost (as on anything else) is in merchandising or profit, so a 45% tariff is effectively about a 22.5% excise tax.
Thus the headphones that I just bought for $30 plus sales tax would cost about $37 plus tax.
As tariffs are about to be imposed, people would go on a mad rush to buy stuff before it gets priced out of reach. Then would come a consumer crash.
Thus the headphones that I just bought for $30 plus sales tax would cost about $37 plus tax.
As tariffs are about to be imposed, people would go on a mad rush to buy stuff before it gets priced out of reach. Then would come a consumer crash.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.