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Yep, it's going to make everything more expensive
(lemmy.world)
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this post was submitted on 24 Sep 2024
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it does not, goal of the tax is not to make product cheaper.
well the goal is obviously encourage growth of local manufacturers, so hopefully there will be one (or more)
your neighbour now may have a job manufacturing washing machines he didn’t have before and can buy service you provide, so you will also end up with more money.
the state has 500 usd from some imported washing machines, which, hopefully, it will invest wisely to further increase the general well being of the population (don’t laugh, i know. but if they don’t, that’s not problem of the economic principal)
and when one day china says “no more washing machines for you, unless you bow to winnie the pooh here”, you may say “fuck you, we are actually manufacturing washing machines at home”
the last part, the self sufficiency, is the most important. my country officials were bowing and saluting to china cargo planes carrying masks and syringes during covid and there were real fear they if they did not, the plane might not have landed. and being dependent on china, which is euro-atlantic civilization’s geopolitical enemy is not smart long term strategy.
well you now have more players on the market than before, so there is more competition and you are in better position than before. but unfortunately it is true that things will not get cheaper. there is 8 fucking billion of us on the finite planet and we are finally starting to realize it does not allow for infinite growth. more expensive stuff aka our ability to have less of it is manifestation of that problem, it is not some fluke that smart politician will solve with right slogan.