Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "đź”´Ep. 467: Of Course You Know, This Means War" video.
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 @BarkusMuhl companies, corporations, and capitalists in general have different interests than working people.
Capitalists want to capture the global market, so they can increase their profits. Workers only care about keeping their jobs. The corporations have the $$$$$, so they can have the laws changed.
Back when tariffs were high income taxes were very low. In the 1900s, income tax was as low as 5%. That was offset with high tariffs. Today, income tax is 15% Federal and 15% state, so we have pay about 30% in income tax every year. If you are a business, you can pay less than that, because you can write off a lot as business expenses.
If you are a working class stiff, I don't know how you will survive this kind of economic environment. You're still going to pay income tax which is pretty high, you will be hit with tariffs which is just about everything we buy. In addition to inflation spiking up due to the Chinese not buying up our treasuries anymore.
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