I’m just trying to make sense of this.
President Donald Trump is going to build a wall with taxpayer money up front, which is to be reimbursed in the future by Mexico. To effect this reimbursement, he proposes a 20-percent import tax on products coming from Mexico: automobiles and parts, clothing, avocados, etc.
To afford this tax, companies subjected to it will pass at least part of the cost on to consumers — those consumers being Americans.
So we Americans pay for the wall up front, then we reimburse this payment through tax payments. Paid by us through consumption.
Never miss a local story.
Not only will Mexico not pay for the wall, we Americans will pay for it twice — at least my fellow guacamole enthusiasts and I will.
Am I incorrect thinking this? I honestly want to know.