Tariffs are Taxes

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Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Secretary Treasury Scott sent held his own in front of
Congress and they were peppering him with questions guard's economic
policy and tariffs. Accept one one question where he had
no where to go. He was asked, I forget the
name of the congressman about who pays tariffs? And he tried,

(00:42):
it's a smart guy. He tried to change the subject,
tried to talk around it as best he possibly could.
The representatives try to reclaim his time because Scott kept saying,
um um um um um, Well who pays tariffs?

Speaker 1 (01:03):
You do?

Speaker 2 (01:05):
I do. For years, I've tried very very hard, very
very hard to get this across to the left because
they love jumping up and down and saying, hey, you
know we What we really need to do is we
need to raise corporate taxes. God terrible corporations. Corporations not

(01:26):
paying taxes. Corporations got to pay their fair share. Yeah.
What we try to teach here is that a corporation
is a tax ID number and a logo. That's it.
Corporation can't steal money, Corporation can't make money. Corporation is
a tax ID number and a logo. It's the same

(01:49):
reason why I get upset where they start finding corporations
for the malfeasance of people that actually work for the company.
They're the ones that are responsible anyway. Anyway, corporations derive
their money from the goods and services that they provide
that they sell to you and I, So the taxes

(02:13):
that any corporation has to pay is obviously priced in
to the goods and services that they provide. It's just
that simple. Tariff's the same thing. Company is going to
get hit with tariffs. The money has to come from somewhere.
Where is that somewhere? You me, we pay watchdog on

(02:37):
Wallstreet dot Com