Posted on 01/18/2017 5:19:10 AM PST by expat_panama
My hope is that massive reductions in regulations and taxes will overcome the negative effects of a bit of protectionism.
A trade and devaluation war with the rest of the world would crush our economy. Need to make the USA a worthwhile investment place again by eliminating environmental extremism and socialist tax policies.
Yesterday, Fox News reported that the EU charges us a 10% tax to ship cars there, and we charge a 2.5% tax for them to ship cars here.
Which one is stupid?
Oh yeah, but that’s “free trade”. Things have been lopsided too long
You could say that we need a free trade agreement with the EU.
Barbra Streisand. Nothing is crushing USA more than hemorrhaging $800,000,000,000 EVERY YEAR in trade deficits.
That is the chief reason why middle class manufacturing jobs have gone to foreign countries.
What is urgently needed is fair trade, balanced trade. If that requires tariffs, impose tariffs.
I would rather get my middle class manufacturing full time job back, than working in 2 part time jobs with no health insurance and no retirement benefits. I much prefer to pay more for American made stuff with my higher earnings than be forced to buy cheap stuff at Walmart.
There are advantages to a strong currency and advantages to a weak one.
The squealing about Trump saying the dollar is too strong is from offshore manufacturers wanting to continue having their cost advantage over domestically produced goods.
It’s certainly not from domestic companies wanting to increase exports.
The value of the dollar has minimal effect on what we in America pay for goods and services produced and marketed in this country. It is an excellent reason to bring mfg back home to America.
How much do more do you expect me to pay the federal government so that you can find this hypothetical job (that you probably wouldn’t take even if it was offered to you)?
The EU is 7.5% stupider.
Hey I would take any job if I needed one. Your attitude stinks, it is Anti-American and you are a bigot. Other than that I have no problem with you.
It would crush the rest of the world before it would crush the domestic economy. Not saying it's a good thing, but please be realistic. We're by far and away an importing nation. We hold the cards, here. Access to our market has been practically given away, with no consideration regarding access to other markets in return. That's just stupid. It's going to change.
So can you name any positive effects of protectionism or does it only have a downside?
That is irrelevant and out of context to my point.
I rather have higher earnings and pay higher taxes, than have piddly wages and pay smaller taxes.
Like my very successful investor friend says, he rather pay one million in taxes, because that would mean he would be making three million or more income.
We have been in one for 30 years.
Yes, millions more middle class jobs in manufacturing, which in turn creates more tertiary jobs. In case you are not aware, manufacturing is the biggest wealth creator in any country.
Since when does making 14-15 dollars/hour place me in the middle class?
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