E.J. Antoni

And so you need what they sometimes call an offset to the reduction in personal income tax rates. And a great way to do that would be to take the revenue that's going to come in from a tariff, a border adjustment tax is what we really have. Totally agree.

And so you need what they sometimes call an offset to the reduction in personal income tax rates. And a great way to do that would be to take the revenue that's going to come in from a tariff, a border adjustment tax is what we really have. Totally agree.

And then you can now essentially shift some of the tax burden onto foreigners, which is great from an economic standpoint because there is actually an externality at play here. It is our Navy that patrols the world's sea lanes. It is our Navy at our expense that keeps the ocean safe for international trade. And so it only makes sense that other nations would help pay that expense.

And then you can now essentially shift some of the tax burden onto foreigners, which is great from an economic standpoint because there is actually an externality at play here. It is our Navy that patrols the world's sea lanes. It is our Navy at our expense that keeps the ocean safe for international trade. And so it only makes sense that other nations would help pay that expense.

And a great way for them to do it would be to tax the the very thing that our Navy is supporting, which again, is international trade.

And a great way for them to do it would be to tax the the very thing that our Navy is supporting, which again, is international trade.

Thank you. Thank you. Thank you. Thank you. Thank you.

Thank you. Thank you. Thank you. Thank you. Thank you.

It's a fallacy that the entirety of a tariff is always and everywhere passed along to the end user, to consumers. If that were the case, for example, American dairy farmers who are facing a 270% tariff trying to get their products into Canada, they would simply pass that cost along. But they can't because it would make them uncompetitive, right?

It's a fallacy that the entirety of a tariff is always and everywhere passed along to the end user, to consumers. If that were the case, for example, American dairy farmers who are facing a 270% tariff trying to get their products into Canada, they would simply pass that cost along. But they can't because it would make them uncompetitive, right?

A lot of the equations I've seen have it penciled in at about 50%. So again, that's not great because that means consumers are still going to bear some costs. But the idea that they're going to bear the entire cost, again, it's just a fallacy.

A lot of the equations I've seen have it penciled in at about 50%. So again, that's not great because that means consumers are still going to bear some costs. But the idea that they're going to bear the entire cost, again, it's just a fallacy.

You know, the Fed cut interest rates when they had no business doing so back in the autumn. That caused commodity prices to spike. That is now turning into higher wholesale prices and higher retail prices that you and all the listeners have to pay. That's one of the reasons why we're still dealing with some inflationary fallout.

You know, the Fed cut interest rates when they had no business doing so back in the autumn. That caused commodity prices to spike. That is now turning into higher wholesale prices and higher retail prices that you and all the listeners have to pay. That's one of the reasons why we're still dealing with some inflationary fallout.

So that's basically the mess that has been dumped into this administration's lap and that they're now having to deal with.

So that's basically the mess that has been dumped into this administration's lap and that they're now having to deal with.

I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.

I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.

I think it was certainly a surprise to a lot of folks who weren't expecting it, at least not this soon. Now, some of it is not going into effect immediately. In other words... cars currently made in Mexico, in Canada, they're going to have some time to verify, for example, what percentage of the components are actually being made in North America.

In other words, what does qualify for the USMCA and what does not. Part of the reason why so much ire has been directed at Canada lately, for example, is because of all the abuses that have been alleged within the USMCA. In other words, when you allow a Chinese company to come in and set up shop in Canada and sell stuff, That's really not Canadian. It's actually coming in from China.