Posted on 05/12/2016 8:12:51 AM PDT by GonzoII
Archaic? Tariffs are being collected every second of every day form every country in the world.
The income tax has proven to be a more acceptable and in fact satisfactory method for financing the government
There you have it. You favor the progressive income tax to a blind consumption tax. You are Marxist. You let the cat out of the bag.
Whatever globalization is it is not "conservative".
the cost of American labor became too expensive. Labor was subcontracted elsewhere such that the products became salable.
Only the labor functions that could be exported became too expensive. Those that must be performed in the US are still far, far higher than global averages. If you really want the US to become more globally competitive, you should work on lowering all salaries and wages in the US.
The only thing that has protected any wage or salary earner in the past few decades is whether or not their job can be exported with a factory, or performed through outsourcing and the work product transmitted back to the US.
Jobs have definitely been exported. And we should have had, and should have in the future, tariffs and other polices that prevent that. Or maybe we should have policies to reduce all pay in the US to global averages.
-- Karl Marx.
That is why Karl Marx advocated for free trade - to destroy the working class and make them angry enough to rise up and overthrow the old system. If protection systems stayed in place the workers had jobs and were content.
you obviously have never in business and don’t have a clear understanding of capitalism
businesses and companies exist only to provide wealth and profits for owners be they proprietors or stock holders. Theoretically, the employees have no stake in the company and are due nothing except wages for their services. every person in America is free to start and run their own business. Most don’t because they lack the gumption and drive required to stomach the risks. In practice, when there was no competition of note, the theory could be bent. When competition became a real factor, theory became reality and the American workers became noncompetitive and jobs were reallocated elsewhere.
most found new jobs. some didn’t because they were unwilling to accept something different or were so outdated they were no longer of value.
All money from sales of products goes to the business owners that pay for gasoline and electricity and rent and wages. When the costs of these commodities become to expensive to make a profit, the business must close. in the case of labor, there is an alternative. production can be subcontracted to those that demand less. That is precisely what happened
>>”Tariffs are archaic relics”
Many of our economic theories and accounting practices are archaic relics of a time when transoceanic shipping was slow,expensive, and risky. They are based on the idea that business owners will need to find domestic labor for most products that are sold domestically. It created balance.
Today, the balance is out of whack but the theories and practices still push in the same direction.
Labor didn’t get too expensive. It rose at the rate of inflation and inflation is not set by market forces, but is set by the Fed to protect banks. None of that is free and it is not how an organic economy like that envisioned by the Founders would have wanted. What we have a Planned Economy with the freedom to operate within the limits of the Plan.
no, and we will not
to return to full employment, there must be and will be creative innovation
we will never make paint brushes again
>>you obviously have never in business and don’t have a clear understanding of capitalism
Are you a small businessman?
Lol, I bet there is a firm in the US making paint brushes. But a heck of lot more than basic manufacturing has been exported to cheap labor nations. Anything you can name is made by cheap labor, including parts of Boeing aircraft and other high tech, complicated manufacturing.
We now spend more than one trillion per year on means tested poverty programs and about 1 in 5 US heads of household is on one or more poverty programs. I take it you are aware of our $19 trillion dollar debt?
We'd better start producing as much or more than we consume or we will reach a point financially we can never recover from.
The pact was that the rich would be taxed less and they would either save their money in American banks or bonds or invest in Wall Street or purchase goods in America or invest in a business or give their employees raises.
That lasted up until the 90s when globalization took full force and the rich invested overseas and banked overseas.
That is a contributing factor to the fact the rich were taxed less but the economy did not show a rise like it was expected to.
Ryan is a liar and a cheat.
He comes from Wisconsin where all the sleaze bag Republican come from.
Ryan’s bs is as bad as Hillary’s.
https://www.youtube.com/watch?v=h99cHLc3V3k
If republicans wanted someone who can get along while reaching across the isle, McCain would have won in a landslide.
The problem the Free Traitor™ globalists have is we have broken the code and short circuited their system by nominating Trump. Americans can still vote much to the chagrin of the establishment.
>>Also, I may add - supply side economics aka trickle down is archaic as well - it was an ideology that came about before free trade and open borders and offshoring.
The pact was that the rich would be taxed less and they would either save their money in American banks or bonds or invest in Wall Street or purchase goods in America or invest in a business or give their employees raises.
That’s a very good observation and is quite true. It was something that jumpstarted the post-Carter economy and worked great, but as you point out, the money people found a way to stop the trickle down effect and they have ruined the economy. They didn’t do it single-handedly, but they are the largest driver of our downfall right now.
This is one thing Rush has right. He always says Democrat instead of democratic.
If by alternative you mean importing via H-1B or offshoring then it is the right of the people to vote for a protectionist government to control that behavior. May the better party win. There are way more "prols" than corporate masters.
That is why I will no longer support tax cuts to the rich on the idea that this will slow down the economy because the rich are no longer investing in America with their tax savings. Apple's money savings are all offshored.
Trump's wealth is in American real estate values. He can't off shore that. We the American people are his bread and butter. And while Trump is a luxury brand, he is actually a middle class luxury brand for condos and the like. Think on that.
>>That is why I will no longer support tax cuts to the rich on the idea that this will slow down the economy because the rich are no longer investing in America with their tax savings. Apple’s money savings are all offshored.
Same here. I’ve pointed out a hundred times that I am not a 1989 Conservative. I’m a 2016 Conservative. Too many people living out old paradigms and using old definitions around here.
H1 B and subcontracting abroad are horses of different colors.
I am not nearly as familiar with the former as with the latter. So, I can’t comment on the H1 B situation.
Actually, so far, the people accept the trade deficit and subcontracting because the result is better living in an affordable fashion. There are only some that want to vote for a different method.
I understand where you are coming from but do not believe Trump will be able to make any radical change in the short run. His efforts will make our current manufactured goods more competitive in targeted markets.
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