Lone Candle
Champion of Truth
Tariffs degrade long run efficiency, but uncertainty caused by Trump’s erratic use of tariffs has a greater negative effect on the economy in the short term.
https://www.youtube.com/watch?v=iEPXbtFx8v4
In places where wealthy people want to be and are not just there for tax advantages, higher taxes often don’t make many wealthy people leave. Keeping high-skilled professionals is more important to a city than keeping super wealthy people.
https://www.youtube.com/watch?v=6DXZMXZCY0I
“Cigarette Taxes Are Costing States Billions in Lost Revenue”
https://reason.com/2025/11/14/cigarette-taxes-are-costing-states-billions-in-lost-revenue/
“There are two possibilities here. You can believe that the vaguely defined economic emergency that required such huge tariffs on Swiss imports is already over, just a few months after those tariffs were imposed and despite the trade deficit seemingly growing rather than shrinking. If so, then you have to accept that Americans peacefully exchanging their money for chocolates, drugs, and watches were somehow undermining America’s economic security for years—but that those exact same transactions are now totally fine, because of the higher tariffs that no longer exist.
The other possibility is that no such emergency ever actually existed, and that the president’s idea of what constitutes an emergency depends largely on who is paying him homage and what gifts they might leave behind. If so, then you’d have to question the entire rationale behind all of Trump’s so-called reciprocal tariffs, many of which make no more sense than the ones imposed on Swiss goods.”
https://reason.com/2025/11/17/the-emergency-that-demanded-huge-tariffs-on-swiss-imports-is-now-over-so-what-was-the-emergency/
The Laffer curve confuses economic incentives with social reality. Most people can’t just stop working or even work much less, because tax rates go up. Even those who can stop working, often keep working in the face of higher tax rates. Some countries with high tax rates have high growth. The marginal tax rate whereby most people will work less is very high, like 70%.
https://www.youtube.com/watch?v=lrO9VpQCXZU
“President Donald Trump says his tariffs protect American businesses, but more than 700 small businesses represented by We Pay The Tariffs beg to differ.”
https://reason.com/2025/10/30/these-small-business-owners-explain-how-trumps-tariffs-are-more-of-an-existential-crisis-than-covid/
“Don’t be fooled: The debt explosion is not driven by waste, fraud, or foreign aid. Nor is it the result of a lack of revenue. It’s the direct result of reckless promises to retirees, the cost of health care, and an unwillingness to pay the bills honestly. For most of American history, debt fell when wars ended and peace returned. Since 1980, we’ve managed the opposite: peace without prudence and prosperity without restraint.”
https://reason.com/2025/10/30/americas-30-trillion-publicly-held-debt-is-42-times-larger-than-it-was-in-1980/
Trump’s deal with China has made things less bad than they were before the meeting, but they are still way worse than they were before Trump engaged in a trade war with China.
https://www.youtube.com/watch?v=Dr-gB3BNykQ
“Board game makers have been hit particularly hard by Trump’s tariffs, which have raised the cost of importing just about everything. Cephalofair is based in California, but like many other businesses in the industry, Johnson’s company relies on contractors in China and Vietnam to make the tokens, pawns, cards, and other physical elements of its games.
Manufacturing all those parts in the U.S. is not possible if game companies want their products to be competitively priced. With high tariffs in place, the costs compound quickly. Nathan McNair, the co-owner of Pandasaurus Games, broke down the math in a post on his company’s website. The added cost of the tariffs makes every step more complicated, from design to sales, and can even change what games a company chooses to make in the first place. “This has not just squeezed our margin; this has substantially increased our risk,” he concluded.
Trump’s tariffs have already stung Cephalofair in several ways.
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for businesses like Johnson’s, which can’t afford to risk the possibility of being hit with a massive tariff bill just because a shipment arrives at the wrong time.
Instead, those businesses will do what Johnson has done: Delay orders, slow production, and hope more stability emerges.”
https://reason.com/2025/10/31/trumps-tariff-chaos-crushes-board-game-makers-the-u-s-is-our-least-trustworthy-trading-partner/
“He’s planning to pay for these proposals with various tax hikes, including a large jump in the city’s corporate tax rate from 7.5 percent to 11.5 percent.
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Unfortunately, raising the corporate tax rate could also hinder the job market, cause corporations to relocate, and decrease long-term government revenue, potentially damaging New York’s status as the financial capital of the world.
Corporations hit with higher tax rates would seek ways to cut costs, possibly harming workers through either layoffs or lower wages.
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In the United Kingdom, for example, around one in six British companies cut hiring in the fourth quarter of 2024 in anticipation of tax hikes that took place in April 2025. If New York employees aren’t directly laid off, they could face lower wages in the long run.
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Already, the exodus of banks from Wall Street to corporate tax havens, such as Elliot Management’s relocation to Florida, has cost the city millions in managed assets. New York City simply cannot afford to watch other businesses follow.
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“”Businesses have only three options to pay for higher taxes: raise prices; reduce costs; or lower returns to investors,” as the authors of the U.S. Chamber of Commerce report wrote. “In reality, they do all three.” The fourth option, one even more feasible if a tax hike only hits New York City, is that businesses will flee.”
https://reason.com/2025/10/31/zohran-mamdanis-5-billion-corporate-tax-hike-threatens-nycs-status-as-the-worlds-financial-capital/