Why I Vote No

Day 1,215, 12:31 Published in Israel USA by Texas_ironman93

Recently there have been a lot of votes to raise tariffs, and I understand the idea behind them. A foreigner can come in and flood our market with cheap goods. But think of it this way:

Let's say a guy from jolly old England starts selling food here cheaply. It may seem unfair but he can't pay his workers in NIS. He has to go on the monetary market and transfer them to GBP. Currently there are no offers to buy GBP for NIS so he must go the route of gold. So this man is buying gold and selling NIS that creates a flow of NIS in the economy.

Also if the consumer is buying food cheaper he can afford to buy other things like weapons, houses, or moving tickets. Those industries are boosted by a cheaper food price. Raising of taxes puts a larger burden on all industries. So if you own a weapons company you should be anti tariffs or taxes on food or moving tickets or on any raw materials. Every tax is self limitation.