Posted on 05/08/2016 5:49:19 AM PDT by TigerLikesRooster
They win/we lose.
AMF. Go “teach” somewhere else. LOL.
Why?...Is it losing to get cheap foreign subsidized goods? I don’t complain when Walmart has a sale so why complain when China has a sale?
Waitaminute! Mark Levin says Trump is a globalists, yet, here is an article claiming Trump is a protectionist? Why can’t these liberals keep their stories straight??!!
Yep, it seems some are now rewriting Smith’s economic theory on free trade:
“it is the maxim of every prudent master of a family never to attempt to make at home what it will cost him more to make than to buy.”
I want free trade. And I don’t care how many Americans lose their jobs as a result.
I happen to care about America’s sinking middle class and can see that ‘free trade” is leading Western nations to the lowest common denominator of the globe. Forgitaboutit.
Your globalist economic religion failed. Many knew tying us up in trade agreements with third would nations and communist nations was going to fail. You make clear that you don’t mind it’s failure (Americans losing their jobs) and you don’t care about the loss of America’s first world status in lifestyle and existence.
Get off your high horse. That old biddy aged and we discovered it is time to put it down before we look like india.
When the Washington Post says someone is conservative I really have a hard time believing that.
Labor arbitrage is the practice of searching for and then using the lowest-cost workforce to produce products or goods.
More stupidity from “conservative” quislings. It will be like this for the next eight years, but we will answer “STFU You lost we America won.”
That’s a good example of the spaghetti-to-the-wall version of economics that got us into this mess.
Back to fundamentals: manufacturing - actually making things - creates wealth. Unless we bring that back, we’re not getting out of this mess.
America went through its biggest expansion without an income tax. Its revenue came tariffs, licenses and fees. If raising tariffs ends the IRS, I’m all for it.
This is just another scumbag trying to suck up to the wrong side. Wile E. Coyote crap nothing more.
I would ban all imports if I were President. I would do it slowly. Like consumer electronics for instance. I would increase tariffs on consumer electronics 10% a year until it reached 100%. Then ban their importation all together. This would give our esteemed “captains of industry” 10 years to figure out how to make a TV is the USA.
I don't disagree with that.
But there are many, many things blocking the road to higher manufacturing employment and foreign competition is, IMHO, not the major one. High taxes, minimum wage laws and the unions all contribute to the downturn in manufacturing employment.
But the major "problem" is the huge increase in manufacturing productivity. Face it, your manufacturing job will, at some point, be taken over by a robot in some form. This is actually a good thing overall but it can be very disruptive for anyone who loses that job they've had for 30 years.
My expectation: U.S. Manufacturing Output will continue to grow at historical rates and Manufacturing Jobs will continue to fall at historical rates. Good news for Americans in general since lower labor costs result in lower selling prices. Bad news for people seeking manufacturing jobs. Get the government and the unions out the way and the American public will adapt. But I don't actually anticipate that happening.
Substituting one revenue stream for another would be fine with me, especially if it gets the IRS out of our faces.
Of course, change is difficult. And, the biggest change needs to be a cut in government spending, which means a cut in transfer payments, mostly, and services, somewhat. It may sound heartless, but without cutting the expense side, there’s no revenue raising system that will seem fair in the sense of being acceptable to most people.
> But the major “problem” is the huge increase in manufacturing productivity.
I do not agree with that at all.
The major problem is that manufacturing here is encumbered with the ever-expanding regulatory burden from the US government, and that manufacturing must compete head-to-head against foreign manufacturing that uses slave labor and pollutes with abandon, that’s advantaged by currency manipulation and often by a foreign government’s subsidies as well.
Against that backdrop, the increase in manufacturing productivity is a blip on the radar. It’s not the primary issue here, and as productivity is an essentially elemental force, not something that policy can be constructively used to address.
Everyone's a conservative when it comes to their own money, even libtards, hence the claim.
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
A tariff is simply a tax. Is it better to tax sales, income, property, polls, inheritance, pollution, imports, foreign investment, miles driven, savings, or what? Are some or all of these reasonable taxes in some form? Is there a “perfect” tax, or is everything fair game when setting the tax policy for the income or outcome needed?
Taxes inherently disincentivize an activity, but, in time, those impacts filter through a system to the point where at least a miniscule portion of the tax's effect is borne by most everyone else. The difference between them is most felt by the original impactee, though.
The calculations on trade in your linked article seem great at first, until you realize all the numbers are manipulatable. For instance, if we freely give all of our trade secrets and patents to the Chinese (to do business there) are we now in surplus to China in a way it will ever pay us back what we gave? How is that accurately figured into the equation of exchange? My guess is that it merely means we greatly undervalued the exchange, due to an inappropriate valuation from our side. But, once done, China can take it, save research dollars, and use it against us in an “exchange of war.” So, were you happy with the exchange Bill Clinton ordered with Loral and China to make China's missiles viable? Loral made a profit from it, so it must have been good, right?
The some of the greatest growth time in our country came when we had the greatest tariffs (supporting virtually all of government, on some years). When the income tax and subsequent taxes and layers of federal bureaucracy and regulation from FDR and Truman came to be, our country started slowing down.
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
Our government was, at times, almost completely run off of tariff monies.
Amazing, huh?
It is Congress that will send him the legislation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.