Subject: Re: The potential October surprise:
>>It seems to me there is a big difference in potential impact if the pay raise dollars end up in the pockets of already highly paid longshoreman vs tariff revenue going into the US treasury where a benevolent government will spend it wisely.<<

Not to the consumer, though. Which is the point LM was making. The economic impact of making imported goods more expensive lands regardless of who captures the economic surplus. - albaby

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True if the story stops at the capture. However, in the US Treasury, the funds might go to disaster relief or public infrastructure, etc ie things that benefit millions of citizens, whereas in the pockets of 100,000 longshoremen, not so much.