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Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants
Jim Newell and Investors Business Daily ^ | 5/17/16 | Jim Newell

Posted on 05/17/2016 12:12:21 PM PDT by Jim W N

The ROOT CAUSE of our economic woes including business leaving our shores is the FEDERAL GOVERNMENT unconstitutionally forcing minimum wage on business. Minimum wage, regulations, unions, and high taxes are THE CAUSE of businesses moving elsewhere. Federal government is the problem NOT the solution.

Although I support Trump, his tariff proposals are MORE federal government and do NOTHING to attack the ROOT CAUSES of the loss of jobs in our country. Tariffs have the appearance but not the reality of a solution - they are only palliative and delay the actual reforms needed.

A tariff is a tax and China and Mexico don’t pay the tax, WE, THE AMERICAN CONSUMER PAY the tax in the form of forced higher prices. TARIFFS, LIKE INCOME TAX AND INFLATION, DIRECTLY LOWER OUR STANDARD OF LIVING.

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Politics; Society
KEYWORDS: 2016election; alabama; business; election2016; fairtax; flattax; government; h1b; jeffsessions; minimumwage; newyork; obamatrade; politics; populism; populist; populists; society; tariffs; taxcuts; taxreform; tisa; tpa; tpp; trump; wikileaks
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To: LurkLongley

We also pay for the offshoring “savings” through higher govt costs, higher taxes and higher national debt.


21 posted on 05/17/2016 1:22:47 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: Jim 0216
The real point is no one can explain how tariffs address the core issues of why businesses are fleeing this country and the resulting slow growth of GDP.

The two issues are not related. The tariff addresses the symptom and is stop gap measure until a remedy can be found. Your question is like the hater of the second amendment asking how treating gunshot wounds and saving a persons life addresses the core problem of gun manufacturing.

Your question is silly.

22 posted on 05/17/2016 1:24:43 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Mr. Jeeves
It seems like half the tariff advocates on FR don't understand this simple point. Tariffs are paid by US business owners.

Yes. And they also believe that Americans will step in to produce the tariffed items. But a bad investment climate such as we have now will still be a bad investment climate.

To wit, the tariff on Chinese tires. It's cost American consumers some $8 billion dollars and created about 1200 jobs in American tire plants.

Raise revenue through tariffs if you want, just understand what they will and won't do.

23 posted on 05/17/2016 1:25:26 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: Lower Deck

An importer can choose to “eat” the tariff.


24 posted on 05/17/2016 1:25:50 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Jim 0216
We should not be giving Trump the green light to control whether businesses come or go.

Inane premise.

25 posted on 05/17/2016 1:26:22 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Mr. Jeeves
Tariffs are paid by US business owners. Raising them negatively impacts US business owners and their US employees, not foreign governments.

I think that is the point isn't it?

26 posted on 05/17/2016 1:27:12 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: LurkLongley
Tariffs are both useful and nasty to some degree

But not as nasty as offshoring and re importing duty fee and pocketing the difference. That is called international labor arbitrage and is the stuff of revolution.

27 posted on 05/17/2016 1:30:51 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Georgia Girl 2
A tarrif at point of entry is paid by the country of origin

And sales taxes are paid by sellers, and corporate income taxes are paid by firms, right?

28 posted on 05/17/2016 1:33:45 PM PDT by VRWCmember
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To: Jim 0216
I will speculate that almost every person on this thread enthusiastically supports our current policy of massive LEGAL immigration.

Well, guess what?

When you deliberately and enthusiastically create a massive over-supply of low skill labor, wages go down.

And when wages go down, low skill laborers go to the polls and elect politicians who promise to raise the minimum wage.

29 posted on 05/17/2016 1:35:59 PM PDT by zeestephen
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To: VRWCmember

Manufacturing is special and is a major wealth creation engine of the economy. Any company engaged in DOMESTIC manufacturing should be exempt from income taxes. Tariffs could more than make up for that revenue.


30 posted on 05/17/2016 1:38:32 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: VRWCmember

Tariffs are hardly a palliative as they are a tax, therefore a cost borne by the producer, wherever the point of origin of the goods. As such, they are a weapon that distorts trade flows and a favored weapon of political assholes devoid of free market economics such as the GOP; which used them to fund the entire government from 1865 till the imposition of the income tax in 1913. History has detailed the corrosive impact of Tariffs on the Great Depression.


31 posted on 05/17/2016 1:47:13 PM PDT by Arrian (n)
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To: Jim 0216

I suppose we could bring back child labor.

in 1900 18% of workers were children under the age of 16.
25% under the age of 15 ( half under the age of 12) were employed by the cotton mills.

Feds stopped this in the 30’s,


32 posted on 05/17/2016 2:00:36 PM PDT by stylin19a
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To: Jim 0216

Most in this forum would agree that raising the cost of labor through raising the minimum wage will result in fewer jobs. Why doesn’t raising the cost of labor by applying tariffs result in fewer jobs?

And, yes, tariffs do raise the cost of labor since ‘protecting jobs’ means you will pay more for those ‘protected jobs’.


33 posted on 05/17/2016 2:34:27 PM PDT by DugwayDuke ("A man hears what he wants to hear and disregards the rest")
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To: central_va
Manufacturing is special and is a major wealth creation engine of the economy.

That is only true to the extent that the goods being manufacture enjoy a comparative advantage in opportunity costs of production. Tariffs distort true opportunity costs of production, and might benefit a particular industry to the detriment of the overall local economy.

34 posted on 05/17/2016 2:36:09 PM PDT by VRWCmember
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To: Arrian
Tariffs are hardly a palliative as they are a tax, therefore a cost borne by the producer, wherever the point of origin of the goods.

Nope, they are a cost borne by the importer and ultimately the consumer.

35 posted on 05/17/2016 2:37:31 PM PDT by VRWCmember
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To: DugwayDuke
Why doesn’t raising the cost of labor by applying tariffs result in fewer jobs?

It lowers the cost of labor in other countries to the point where the quality suffers.

36 posted on 05/17/2016 2:40:57 PM PDT by Sirius Lee (Crump or Lose 2016)
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To: central_va
Any company engaged in DOMESTIC manufacturing should be exempt from income taxes.

How do you define "domestic" manufacturing? Are you referring to producing things only in the US for consumption in the US (as in no production for exports)? Do you mean manufacturing that uses only components sourced domestically (meaning no foreign content such as specialty metals that are only found outside the US)? And does your domestic manufacturing include all the bogus "green energy" projects that despite massive government subsidies still can't make any money?

37 posted on 05/17/2016 2:44:15 PM PDT by VRWCmember
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To: Jim Robinson
Trump should be encouraged to cut government, cut regulations, cut costs, cut taxes. I’d like to bring back the idea of zero corporate tax.

Where do I sign?

Why don't we try for the whole enchilada and actually bring back the Constitution as written and originally understood and intended as the Supreme Law of the Land, the only legal bulwark of political freedom against the tyranny of the feds.

38 posted on 05/17/2016 3:32:07 PM PDT by Jim W N
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To: Georgia Girl 2

I wish we all knew that. Many seem a bit confused about that and even more confused about tariffs having anything to do with fixing it.


39 posted on 05/17/2016 3:42:43 PM PDT by Jim W N
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To: Jim Robinson

Yes, but as President, Trump’s promise to prevent companies from leaving would be an unconstitutional act unless he’s saying he’ll tax the h#ll out of them if they leave. But I’ve heard him say he’ll actually prevent them from leaving. The feds are not authorized by the Constitution to do that.


40 posted on 05/17/2016 3:46:17 PM PDT by Jim W N
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