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by Zamaamiro
407 days ago
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That's not what trickle-down economics mean. Trickle-down is the idea that giving tax breaks or benefits to the wealthy or big corporations will eventually benefit everyone else through increased investment or job creation. What I’m talking about here is the basic flow of goods and services in an economy—when that gets disrupted, the effects hit workers and consumers directly, not eventually or indirectly. When imports slow down, businesses have fewer goods to sell or face higher input costs. That leads to higher prices for consumers and layoffs for workers. It doesn’t just impact “the rich.” This isn’t about trickle-down economics; it’s about how supply chains work. The impact of these tariffs will show up in lost jobs, higher prices, and reduced access to everyday goods. Those are real effects for regular people, not just abstract economic concerns. Reduced shipping volumes immediately mean less work for truckers—thousands of people taking a hit to their income right off the bat, which in turns leads to less economic activity. This is exactly what people mean when they say no part of the economy exists in a vacuum. It’s all connected. |
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