3 Reasons Why a 20% Tax on Mexican Imports is a Bad Idea!

So Donald Trump has announced that to pay for building a wall on the Mexican border, he wants to impose a 20% tax on all Mexican imports. This is Donald Trump crossing a very bold and dangerous line less than week into his presidency. Here are three reasons it’s a bad idea:

American consumers will suffer

The result of a 20% tax on Mexican Imports will not only be the possibility of Mexican companies making less money, but also American Consumers paying more as prices increase to deal with the taxes. Taxation results in less money for people to spend on their families and communities, which will result in hurting the US economy unnecessarily.

 

While we should always hope for the best, we should always be vigilant and not silent when bad policy is afoot.

 

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Alex Merced
Alex Merced is the founder of the Libertarian Wing Media and AlexMerced.com. Libertarian Activist, Online Marketing/Economics/Music Geek, and overall cool guy.

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