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Cake day: October 11th, 2023

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  • Or your neighbour does all the work instead of you, so you decide to buy soap from them. They’re next door, while Walmart is across the county line, so you decide you won’t charge yourself the extra self-tax with your neighbour.

    Walmart"s soap, which used to be $2, is now $3, while your neighbour’s soap is $2.50.

    A week later your neighbour sees that demand for their soap is huge because everyone is self-taxing. So they raise their price to $2.95 to make extra profit.


    In case you think this is just a contrived fiction, this is exactly what happened to many goods, like solar panels, with Trump’s first-term tarrifs. Americans paid over double the average world price for solar panels.

    Worse still, Trump knows this happened, yet somehow this time will be completely different. <sigh>