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Category

😹
Fun
Transcript
00:00You know, you've talked about how tariffs actually can refill the coffers, but at what cost who's paying those tariffs?
00:08And that makes me wonder, will it be a ding to the economy or a bruising if prices do go up?
00:15Well, there's smart tariffs and there's not smart tariffs.
00:19And think about it this way.
00:21Every tax has a pro and a con, right?
00:24So if I was to say, are tariffs worse than capital gains tax for the market or another kind of tax?
00:31Not necessarily.
00:33So it has to be engineered in the right kind of way.
00:36But the tariffs are part of not only a financial source of revenue.
00:41Throughout history, they used to be the main source of revenue.
00:44But you're also dealing with a situation where can we produce domestically?
00:49We need to produce domestically also for geopolitical reasons.
00:53Because when you're in a situation where, let's say, China, and you have a conflict and you cannot produce at home, there are geopolitical risks.
01:03These all enter into the particular picture.
01:06So the question is, can that be done prudently and efficiently, surgically?
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