Luke Gromen
@LukeGromen
Founder & President, Forest for the Trees (FFTT). Author of "The Mr. X Interviews, Volumes I & II.” I never solicit via DM's. RT not endorsements.
Joined December 2014
2.5K Following 636.7K Followers
Now imagine it had been made in America, and cost more. He would have paid the money to an American worker...who would also have spent them somewhere else in America....who would have spent them somewhere else in America...etc., etc.
Henry Ford model of economics.
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I just bought a $1999 refrigerator.
It would have been about $1649 if not for the federal tariffs tax which I (not “South Korea”) paid.
I also paid $155 in sales tax.
Total cost $2154. Of which 25% is tariff tax and sales tax.
To pay for it, I had to earn $3,420 in gross salary, of which $1266 went to fed and state taxes.
So for $3,420 in labor I got a refrigerator worth $1,649 (48%).
52% went to the government in taxes.
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