Posted on 01/02/2011 9:14:39 AM PST by Cringing Negativism Network
Which would mean:
Lower taxes. Really. So tragically, government would have to operate with less money.
/s big time.
That's how Smoot-Hawley worked out.
One of the problems with an import tax is that we increase our own costs of production because we are no longer able to target the lowest cost producer whether here or abroad and take advantage of it.
The poor are hurt first, then the middle-class is wiped out, and the only people who have stuff are the rich with their private guard services.
The point of eliminating tariffs is two fold ~ (1) To cut costs of purchasing goods and services, and (2) To cut off revenues to the government.
Both ambitions are as desirable now as they were in the past.
Next, cut off more sources of revenue to the government and FORCE the government to quit wasting money on things that are none of their business.
We need targeted Tariffs—Not 100%—maybe $40 or less. It saved Harley Davidson under Reagan and other nations use it against us—Try to buy a Buick in Japan? Those who use slave labor to make things in the 3rd world should be forced to pay when they bring things into our land—if we do not—we will become a 3rd World nation ourselves. Ross Perot was a nut—but he had some good ideas.
We need targeted Tariffs—Not 100%—maybe $40 or less. It saved Harley Davidson under Reagan and other nations use it against us—Try to buy a Buick in Japan? Those who use slave labor to make things in the 3rd world should be forced to pay when they bring things into our land—if we do not—we will become a 3rd World nation ourselves. Ross Perot was a nut—but he had some good ideas.
Have never, in my entire working career, belonged to (any) union.
Next?...
BTTT
The FAIRTAX, along with the dismantling and rebuilding with original intent of the Federal bureaucracy is what’s needed.
Government spending at all levels is currently 36% of GDP. I my opinion, it should be no higher than 25%.
My recommended GDP distributions:
15% Federal
7% State
3% Local
The problem isn’t imports, its “unfair trade” with China, rediculous regulations and union demands, imported poverty, world welfare and the destruction of education. Simply passing a 100% tarrif on all imports would hurt everybody starting with the little guy.
How is China doing BTW on a per capita basis? Their stupidity in some of their economic policies is our gain. Have you seen the current inflation rate of China?
Um. OK.
You have been living in a cave, for how long?
“Simply passing a 100% tariff(sic) on all imports would hurt everybody starting with the little guy.”
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Gotta start somewhere! We’ve been in the waffling inaction mode for far, far too long.
Might as well be there. What we’re doing now is destroying our beloved nation, rapidly.
Wow...that’s an asinine idea.
How so?
You think our current situation is sustainable?
So, if I follow, it’s basically zero sum. At least at first.
Once domestic manufacturing kicks in tax revenues drop.
The free market works best. The idea you proposed is a component of socialism and would lead to greater economic instability, fewer choices for consumers, inflation, and higher unemployment. Any economist can tell you that.
A better plan is to work to open markets to exports. That might mean selectively getting tough for short periods of time with countries that are not playing fair, but the free market is the only way to get out of the mess we’re in.
About 20 years too late. When US companies started sending production overseas, that’s when they should have been assessed with a special tax equal to three to five years’ payroll for the closed plants. That money should have been impounded (i.e., NOT whizzed away by the congress) as an economic adjustment cushion to absorb the destruction of the US economy.
The horses — and the mules, and the hay, and the tools — have been stolen; no need to worry about buying a lock for the barn door.
Don’t deflect my question about how is the average Chinese person is doing per capita like I’m currently deflecting your statement about China’s trade barriers. :). (I’m not really deflecting your reply; I’m currently researching what actual trade barriers are in place by China with the caveat that you may be right.)
But just think about it, how is the average Chinese person doing compared to the average person from a developed country? Anecdotally, this is all I need to know when evaluating the efficacy of China’s trade policies.
Bingo.
Exactly. Dollar for dollar.
Might as well take such a position individually - and perhaps as a group. Because what we’re doing now will lead to our national collapse within one single generation, IHMO.
Just look back 20 years.
20 years ago, bicycle was the primary mode of transport in Beijing. America was undisputed superpower of the globe, as Ronald Reagen stared down Mr. Gorbachev over that wall.
Now. We are dissolving.
And nobody. Nobody. Seems ready to dare point out the Emperor isn’t clothed.
We just keep spouting slogals about “free trade”, as we sink rapidly into ever-rising joblessness and economic collapse.
Well. I’ll say it:
The Emperor is NAKED AS A JAYBIRD!
So we do nothing?
Sorry. Not with you, on that “plan”.
That’s what we’ve been doing. Nothing.
China is booming.
They have more cell phone users than any other nation, and their economy is growing.
While we dissolve. Seemingly, comatose.
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