Posted on 10/09/2011 1:37:52 PM PDT by Toddsterpatriot
Milton Friedman shows the stupidity of tariffs.
In 2010 the USA produced 80.6 million tonnes of steel.
Quick, tell driftdiver we still make steel.
Only imported oil.
No tax on Texas oil. None on Alaska oil. None for Oklahoma. California. North Dakota Bakken.
None on Gulf of Mexico oil.
See also: Buy American.
That's a lot of steel. How much do we use for defense?
It probably makes Free Traitors made that any steel is produced by inefficient US workers. All of those guys should retrain as biophysicists. I mean get real.
Let me ask you a question, how much steel does China produce every year?
No tax on Texas oil. None on Alaska oil. None for Oklahoma. California. North Dakota Bakken.
None on Gulf of Mexico oil.
Awesome. So when imported oil goes from $83 to $166 a barrel, domestic producers will charge how much for a barrel?
Cool - so your approach is to tax ourselves into prosperity. As long as you know what you’re actually supporting...
I don’t know, how much?
Domestic producers wold be highly motivated to produce more then.
Might be interesting to compare that 2010 steel production volume, with say... 1944.
As a starting point for what might someday be needed in a pinch.
I’m just curious why you think we can tax ourselves into prosperity. How raising taxes on US consumers will help our economy.
Of course, you also thought tariffs on imported goods weren’t taxes on US consumers, so maybe you’re not quite sure of what you’re saying...
China produces 8 times as much steel as the USA.
Yes, China and India love free trade deals. its helped them build their countries. They aren’t our friends.
First off, we do NOT have free trade; in fact, we haven’t had free trade ever. We have highly managed trade, we have the tariffs and quotas and restrictions you protectionists want - and it hasn’t worked too well, has it?
Now, about the loss of manufacturing jobs and unions. Is it any surprise that many of those union jobs went overseas? It was simply economically unfeasible to keep them here. It’s either close down altogether and let everything in the chain die, or move some of the production overseas and keep a good portion of the chain.
Of course, you’d rather see the whole system torn down and burn rather than reformed, right?
How do you think we can tax ourselves into prosperity?
Oh. You’re back.
Out buying imported stuff, I’m guessing?
I'll bet US steelworkers are a lot more efficient than they were 30 years ago. More than 20 years ago.
As long as they produce without taxpayer subsidies, more power to them.
You don't think the government should buy US Steel and start cranking up production, regardless of cost, do you?
Just so you know we are Free Traitoring ourselves into economic oblivion and the world is laughing at us.
No more than you, I bet... What brand computer or cell phone do you have?
And you never want to talk about how your plan is to tax ourselves into prosperity. How giving the Federal Government even more revenue and even more control over our lives is the way to gain liberty and prosperity.
So how are we going to tax ourselves into prosperity? What new business are you going to set up to meet US demand?
You bet. So answer the question.
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