Comments by "Black Cat Dungeon Master\x27s Familiar" (@blackcatdungeonmastersfami5311) on "Duncan Smith: EU 'determined' to stop sovereign UK" video.

  1. No, these new trade deals e.g. with Japan will stand regardless of the outcome of the negotiations, the negotiations cover access to British waters and trade governance between Britain and the EU.
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  2. All that money that gets paid in extra tariffs gets paid to our own government and ultimately, recycled back into the economy through extra spending or offsetting other taxes. For the country overall, it's really not a problem. For a net importer like UK, tariffs will help get our trade balance in order and in the long run, create more jobs than they destroy.
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  3.  @ryanfraser167  Well we might not like what the government spends money on and some spending helps the economy more than other spending but nevertheless, almost all of this money (other than say foreign aid and the like) gets recycled within the British economy. The point is that tariffs are not money lost to the economy like a lot of people seem to assume. If the state raises six billion in tariffs then it can afford to lower other taxes by six billion. Or lower the deficit by six billion. Or whatever. Tariffs are basically consumption tax like VAT. So a reasonably fair and economically efficient tax especially compared to say income tax.
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