>>512641047
Yes, that's obviously true, Pekka. It's called a monopoly. That's why we don't want monopolies or price cartels. It's rent seeking or direct wealth transfers that only benefit one party. That's the opposite of a free market.
>>512641042
>foreign manufactering cannot compete with due to the tariff
This is a pipe dream. Americans aren't willing to work as slaves and a single country can't produce everything it needs. Specializing in certain industries and trading with other countries is a much better strategy.
>That's obviously a net benefit for the working class
Tariffs are a flat tax. Those are considered regressive and impact working class people more proportional to their income. It's the same principle as flat speeding fines. A rich guy can laugh at speeding fines while it can demolish a poorer person.
>higher American pay, more American jobs.
Unemployment is already pretty low in America. Most people already have jobs. Unless you want to import mexicans to work in sweatshops for pennies, this is a retarded strategy. Tariffing certain industries to protect high paying jobs in the tech sector might work but tariffing common goods like cheap clothes and toys is just retarded and will only result in Americans paying more for basic goods, preventing them from investing in stocks and growing their money. No economist promotes the idea of broad tariffs on everything. It's unbelievably retarded. You have to be 80 IQ max to believe in this bullshit.
