Posted on 06/07/2019 11:52:11 AM PDT by SeekAndFind
Yes to tax cuts. (Which John Stossel likes).
Yes to deregulation. (Which Stossel also likes).
No to corporate welfare. (Which Stossel hates).
No to taxpayer-funded subsidies (Which Stossel also hates).
No to free trade if it leads to manufacturing jobs going overseas.
bookmark
There is no such thing as Free Trade.
But there is such a thing as manufacturing jobs going overseas under what has been termed “free trade”.
In the end, I am one who likes real politics with real solutions in that we should support the real approaches set forth by Trump to deal with manufacturing jobs going overseas.
Libertarians should start their own country with Austrian economics to prove how superior it is. Until then Carlson is right.
Whatever happened to the Free State Project?
But the fact is, those nations we trade with DO put tariffs on goods that we export.
Did aliens take over Tucker’s brain yesterday?
For the most part, they did. That country was called the United States. Tariffs are one issue out of hundreds on which Austrian economic may comment.
...tariffs make society overall worse off...
~~~
Someone help me out with this. It’s been a long time since I saw in economics classes.
Philosophically speaking, if you are a nation with all (or almost all) natural resources, as well as an adequate labor force, tariffs are not bad for society. The way I see it, even though prices may inflate, comparatively, due to the reducing in cheap consumer goods, on the opposite side of the coin those tarifs insulate your mean standard of living from the drain that occurs when all your labor and production is exported, because it forces your economy to internally satisfy it’s own demand with it’s own supply.
Is there a practical reason why this perspective is incorrect?
Free trade ain't free. Prior to President Trump there were millions of former manufacturing workers paying the price for 'Free Trade'.
Out playing rec b’ball last evening- missed Tucker’s show. He usually gets it right, though.
Consider the discussion in Corporate Managers & Immigration, as an example.
I’d like to know this as well.
I watched that show. And I’m a big Tucker fan. But last night he just went way too far off the farm.
I think Tucker’s heart is in the right place. He’s a big Trump supporter. But apparently he really doesn’t understand free market principles. Here is my simple summary of what Free Markets are:
Free Markets are not perfect and never will be.
All other market solutions are much worse.
With Free Markets there is some bad mixed in with the good. Mess with it and Big Brother will be right there to give you a hand.
Tucker lost a point or two with me last night. I’m still a supporter but I hope someone teaches him a little economics.
ZERO government subsidies.
Here is how they destroy business:
1) company A invests time, money, sweat, and everything else to make a successful company.
2) company B comes along and decides to make a similar product.
3) Company B begs a Politician for ‘subsidies’ to help start the new business.
4) Politician crows about what a wonderful guy he is for helping company B ‘create jobs’
5) Company B makes the product cheaper because he does not have to pay taxes or pay back loans.
6) Company A goes out of business.
7) Company B buys his assets at liquidation prices and
8) Company B asks politician to give him more subsidies to hire company A’s unemployed.
9) Politician crows about how he ‘saved jobs’ for closed company A.
10) Now that there is no competition Company B raises prices to Company A’s level and makes a fortune.
11) Company B donates to the politicians’ campaign so the politician makes a fortune.
This is how a politician colludes with a shady businessman to take over a successful new business.
Tariffs >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> income taxes
But when one side isn’t playing fairly, you have to use every weapon in your arsenal to get bring them around.
I believe that’s what Trump uses tariffs for.
The United States was never a Libertarian country.
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