Posted on 12/30/2014 5:33:44 AM PST by SeekAndFind
Interestingly enough, Ronald Regan engaged in a little “protectionism” on behalf of Harley-Davison when he imposed an import tariff on Japanese made bikes of over 750ccs.
It was a specifically targeted tax that not only helped Harley get back on their feet but encouraged Japanese manufacturers to open factories here to get around the tax.
It was a smart move. Regan knew better than impose tariffs across the board and found a way to target a specific product that could end up benefiting everyone. Michael Reagan points out that his father was a big fan of free trade but knew better than to give the store away.
Read on, the article also explains why its ultimately good for America.
No, it doesn't explain why its ultimately good for America. It does say we should feel good about lifting China's poverty rate from 84% to 10%.
In order for globalization to be good for America, our poverty rate must first be driven down to the 84% level (or whatever the global level of equilibrium is), then America will benefit equally from globalism.
Amen.
No, our taxes are too high. If the Chinese companies were taxed as heavy as we are, they wouldn’t be able to compete with us. The BOTTOM LINE. OUR TAXES ARE TOO HIGH TO COMPETE WITH THE THIRD WORLD. If it wasn’t China, it would be another country. If the ding bats in Washington will only realize this, we’d be able to compete with the rest of the world.
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