Two of my most loyal readers, Megan and Frederick (I highly recommend the latter’s corporate history blog, CorporateHistory.International), both chimed in via Facebook about Monday’s post on tax cuts. Frederick pointed out a potential downside to corporate tax cuts—what’s to stop large multinationals from investing that money in physical plants and employees overseas, notably in China? Megan asked me to elaborate further on tariffs in relation to that very question.
Being a conservative, I like to conserve things—traditions, morals, civil society, working institutions, etc.—but most especially effort. I’m a strong believer in the dictum, “Work smarter, not harder” (although you need a healthy dose of the latter, too). As such, I’m adapting my Facebook response to them here.
I think the question of tariffs and trade wars is hugely interesting, and needn’t be bogged down in tedious charts and numbers. What I do believe is that President…
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