But it remains the case that free trade creates losers as well as winners. And we should not assume that the losers are always less worthy of our consideration than the winners, especially if we can develop policies based on distinguishing the deserving losers from the undeserving losers.
Sorry but it is not a matter of WORTH but numbers. There are more winners. The winners win more than the losers. We already tax the winners to compensate those who lose jobs due to trade.
How has the administration responded? In two rather perverse ways. First, it has asked Congress to extend tax cuts for corporations and upper income families,
Since income taxes are only paid by upper income people, then income taxes can only go to upper income.
That was about as far as I could in this bilge. Yeah based on do data we should give up the free trade policies that have led to the great expansion since the end of WWII. At least this guy admits the past success, but for no reasons he says we should change policy?
You really don't understand much of anything do you ?
In Bushonomics winners do NOT outnumber losers. If they did he would have swept to routine reelection instead of coming within an inch of losing. As the article correctly sees, free trade and immigration depress the wages of that HALF of the American workforce that is composed of regular Joes.
This may come as a shock to you, but most people are average. That's why they call it "average". Most people are not college educated white collar professional material. Most people are not one shred more skilled than their counterpart in the Third World who is doing precisely the same job for vastly less money.