Your statement would be true without nuance.
Yes. The mass of US consumers do benefit from penny subsidies of certain foreign product.
However, for every penny of foreign subsidy benefitting US consumers buying finished iron or steel goods, a US metallurgist is losing a job somewhere.
On strictly numbers, we are better off with foreing-paid subsidies yes, but there are losers, and they take the brunt of the downside.
So id update your analogy by adding a twist: your childhood sitter living on anytown, USA was the virtual receptionist of the business. She had no RSUs in the business. She stayed in anytown and declined a career in a larger, growing city because she found virtual work and it made her happy. Now she's stuck with a mortgage, in a dying town, and with no career prospects locally. And all because you offered her a job that incentivized her to move, and then changed the relationship to her job 180 degrees .
Separately, ive only discussed the trade impact on consumers. We arent going into trade impacting producers, for example matters like producers having their inventions stolen, or their investment nationalized, to name a few examples..
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Yes. The mass of US consumers do benefit from penny subsidies of certain foreign product.
However, for every penny of foreign subsidy benefitting US consumers buying finished iron or steel goods, a US metallurgist is losing a job somewhere.
On strictly numbers, we are better off with foreing-paid subsidies yes, but there are losers, and they take the brunt of the downside.
So id update your analogy by adding a twist: your childhood sitter living on anytown, USA was the virtual receptionist of the business. She had no RSUs in the business. She stayed in anytown and declined a career in a larger, growing city because she found virtual work and it made her happy. Now she's stuck with a mortgage, in a dying town, and with no career prospects locally. And all because you offered her a job that incentivized her to move, and then changed the relationship to her job 180 degrees .
Separately, ive only discussed the trade impact on consumers. We arent going into trade impacting producers, for example matters like producers having their inventions stolen, or their investment nationalized, to name a few examples.. -