Posted on 10/04/2021 3:52:37 AM PDT by Chickensoup
Wow. Interesting post. It’s a damn shame the commies control the entire west coast: CA, OR and WA. How great life would be if those three were Red States.
Okay, you want to fund the government via tariffs. So, how high does the tariff need to be to raise enough money? And if the price including tariff paid by consumers is too high and they opt for domestic products instead (one of your goals, I believe) how then do we fund the military and all the other things government does?
“How great life would be if those three were Red States.”
It’s more than just red states. The Long Beach Container Terminal, the biggest on the left coast which about 2.7 million containers pass through each year, was owned by China for about 30 years by Orient Overseas International Line. It was taken over by COSCO (China Ocean Shipping Co) last year and this year sold to Macquarie Group Limited.
They are an Australian firm but they have offices in Beijing and their CFO is Alex Harvey who is also the Executive Chairman of Macquarie Group in Asia. So did the container terminal change hands? Your guess is as good as mine right now. But I think same players, just different names.
wy69
My plan would be for tariff income to cover discretionary spending. I would keep the parole tax as is for now to cover SS and MC. No income taxes. None.
I’m not all that familiar with China’s geography but I’d think there’d be plenty of good agricultural land. The country is huge.
Okay, so the government's funding will be dependent on US citizens buying foreign goods over domestic goods. How does that help US industry?
We start in 2019, which according to Beijing was a very good year on the food front. The official Xinhua News Agency, in a piece titled “China’s Food Self-Sufficiency a Blessing To World,” claimed in October that China was producing far more food than it needed. The country, Xinhua reported, contained 20 percent of the global population and produced a quarter of its food. Moreover, Beijing felt it was time to brag, noting China had been able to accomplish this feat with only 9 percent of the world’s farmland and 6 percent of its freshwater.
Xinhua in 2019 was exaggerating, and that became clear in 2020, an especially difficult year for Chinese agriculture. Floods in the country’s south, drought in the north, typhoons in the northeast and pest infestations in the southwest took their tolls. Disease continued to spread among animals across China.
https://www.newsweek.com/watch-out-china-cannot-feed-itself-opinion-1575948
China’s 1.4 billion people are building up an appetite that is changing the way the world grows and sells food. The Chinese diet is becoming more like that of the average American, forcing companies to scour the planet for everything from bacon to bananas.
But China’s efforts to buy or lease agricultural land in developing nations show that building farms and ranches abroad won’t be enough. Ballooning populations in Asia, Africa and South America will add another 2 billion people within a generation and they too will need more food.
https://www.bloomberg.com/graphics/2017-feeding-china/
They are trying very hard to user technology to create new ways to utilize farmland. But time is running out on them when other countries that are in about the same boat, along with them, are increasing in population also and are going to have a greater need for food. Lot of competition.
wy69
The tariff increases the retail cost of imported goods making the domestic equivalent goods more price competitive. This is a simple economic theory. ALL the other countries do this except the USA which is controlled by globalists and exploits the USA's economic retardation...
BTTT.
Because IT did not (and still hasn't) made the case that it deserves a voice in the C-suite. It is seen as a service, like electrical work or drywall or landscaping - the company needs it but senior execs don't see any reason to overpay in a market flooded with alternative providers.
It's no coincidence that so many companies had extensive data breaches of personal information after cutting back on IT. They skimped on IT expenses but their employees and customers paid the price.
There are several companies who thought the way those executives did, "we can hire IT as needed like we do with electricians". Sears is just one of many companies that disappeared after refusing to embrace the need to hire the right teams and upgrade their IT systems to match the business world.
BTTT.
BTTT.
BTTT.
The problem is that you have two opposed goals for the tariff. One is to encourage domestic industry by making imported goods more expensive and effectively suppressing foreign trade. The other is to fund the government, which would encourage it to maximize foreign trade at an optimal tariff rate. It also has the effect of putting the US government’s funding into the hands of foreign powers, which could turn trade on and off to leverage the US.
BTTT.
BTTT.
BTTT.
Independent truckers aren’t allowed to drive in California. They have to be employees of companies.....
Which made the trucker shortage worse.
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