Open letter to “Dilbert’s” Scott Adams

posted by
December 5, 2016
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"Mr. Adams: Commenting on Pres.-elect Trump's threats to punitively tax American consumers who purchase imports from U.S. companies that offshore some or all of their production, Rep. Justin Amash (R-MI) Tweeted 'American consumers are taxed even if no companies move. Tariff increases production costs & limits competition. This is basic economics.' In response to Rep. Amash, you disagree, Tweeting 'No, the whole point is that no company would move with that risk hanging over them. So no tax is triggered.' Rep. Amash is right and you are wrong." (12/05/16)  

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