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To: Kaslin

Even so, some Freepers believe we’ve lost jobs to China because our import tariffs are not high enough.


15 posted on 02/24/2012 4:39:40 AM PST by ALPAPilot
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To: ALPAPilot
Even so, some Freepers believe we’ve lost jobs to China because our import tariffs are not high enough.

Hmm ... Could be because they have read Adam Smith's Wealth of Nations where Smith who stated Tariffs are acceptable when a nation to whom one exports, imposes a tariff on one’s exports."

"Revenge, in this case, naturally dictates retaliation, and that we should impose the like duties and prohibitions upon the importation of some or all of their manufactures into ours. Nations, accordingly, seldom fail to retaliate in this manner ... "

China Celebrates Outwitting Us

Also could be because they are aware that no elimination of regulation will make even the most productive Americans competitive with neo-slaves making $ .32 per hour [after deduction for room and board], i.e. unless American standard of living declines to third world status.
28 posted on 02/24/2012 6:09:17 AM PST by khelus
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