[Jim W N]

Let the flaming begin. And as the flamethrowers are mindlessly lit, remember, NO ONE has been able to explain how minimum wage does not kill jobs and business NOR has anyone been able to coherently and reasonably explain how tariffs address the core issues of why businesses are fleeing this country and the resulting slow growth of GDP.

Why do I do this? In the hopes of convincing some and encouraging others. I have a fire in my belly for a rebirth of freedom - individual, economic, political, and personal - in America and around the world. Guess I'm willing to take the hit. I think it's worth it I guess.

[Jim W N]

There were supposed to be two links that didn’t get into the post:

D.C. Minimum-Wage Woes Grow As Wal-Mart Balks
http://www.investors.com/walmart-cancels-dc-store-plans-amid-high-minimum-wage/

Blame Minimum Wage, Not Carl’s Jr. CEO, For Automated Restaurants
http://www.investors.com/politics/editorials/blame-minimum-wage-not-carls-jr-ceo-for-robot-run-restaurants/

[Georgia Girl 2]

A tarrif at point of entry is paid by the country of origin and goes right into the govt revenue coffer. Same with a tax on remittances heading out of the country.

[Jim Robinson]

Agree on min wage.

Trump wants to cut taxes, including corporate taxes. Also wants to cut government bureaucracy and regulations. But he does want to tax or charge a tariff on ongoing corporations who want close plants in America and reopen them in Mexico or wherever to manufacture products to sell sale here.

There’s also a problem with large American corporations who use effectively slave labor in China to manufacture cell phones and computer technology to sell in America often at premium prices, ie, Apple.

Again, it’s not just the cheap foreign labor. It’s reduced regulations and drastically less taxes overseas. Makes it impossible to compete.

[central_va]

NOR has anyone been able to coherently and reasonably explain how tariffs address the core issues of why businesses are fleeing this country and the resulting slow growth of GDP.

A country that doesn't manufacture will always have slow paltry growth.

Nobody can explain anything to anyone that has made up their mind and is never going to accept any differing point of view or logic.

[GraceG]

I think the federal government should be limited to a total of 10% of rates on taxes, tariffs, and that all taxes and tariffs should be FLAT.

So if there is a 8% Flat income tax, You have a 2% Inport/export tariff and 0% federal sales tax.

You can have a 5% federal sales tax and 5% inp/exp tariff and 0% income tax.

You can have a 3.33% Federal income tax, tariff and sales tax.

But you cannot go over 10% UNLESS... You declare WAR with Capital Letters. then it is limited to 20%. And the WAR has to be by over 2/3rdfs vote in BOTH HOUSES and has to be renewed by 2/3rds vote EVERY YEAR.

I could live with this.

Eventually over time the percentages would be fine tuned for max input and min economic effect.

but we got to LIMIT the total percentage to 10%

You want a Tariff, you gotta lower the other taxes, etc...

[zeestephen]

I will speculate that almost every person on this thread enthusiastically supports our current policy of massive LEGAL immigration.

Well, guess what?

When you deliberately and enthusiastically create a massive over-supply of low skill labor, wages go down.

And when wages go down, low skill laborers go to the polls and elect politicians who promise to raise the minimum wage.

[DugwayDuke]

Most in this forum would agree that raising the cost of labor through raising the minimum wage will result in fewer jobs. Why doesn’t raising the cost of labor by applying tariffs result in fewer jobs?

And, yes, tariffs do raise the cost of labor since ‘protecting jobs’ means you will pay more for those ‘protected jobs’.

[Captain Peter Blood]

It is amazing that people don’t remember, probably because they don’t teach history anymore, is that this country’s only source of income to run it was tariff’s and fees, there was no income tax the first 130 years or so.