How a Border Tax Could Hurt Retail and Kill Jobs

How a Border Tax Could Hurt Retail and Kill Jobs

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The video discusses the border adjustment tax, highlighting its potential negative impact on jobs and the retail industry due to the high percentage of imports. It critiques the tax's implications, suggesting it could lead to higher taxes than profits for retailers, forcing price increases or layoffs. The political response is mixed, with some favoring alternative tax plans. The video emphasizes the consumer impact, retail challenges, and the broader effects on the supply chain and employment.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What alternatives to the border adjustment tax does the speaker suggest?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do small suppliers have regarding the border adjustment tax?

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