this post was submitted on 27 Jan 2025
1167 points (99.6% liked)
People Twitter
5578 readers
2373 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Tariffs mean the government charges you extra when you buy something from another country. Do you like paying more for things?
Sure, like everything else, you can make it more and more complicated, but the fundamentals are pretty simple and don't require an understanding of supply and demand.
It turns out some countries produce a lot and other countries don't produce as much, so you can't just switch production to somewhere else overnight. That's where supply and demand comes in.
But yeah, I'm exaggerating a bit, and I definitely initially explain things according to their age level. Obviously 5yo doesn't need a full lecture on economics, but the 10yo can grasp a bit more.
Right, like I said, you can make it more and more complicated, depending if the kid wants more detail. I just don't think tariffs are any more complicated than any other subject. Everything gets complicated as you dig into it more and more.
Agreed. It's icebergs all the way down.