Posted on 04/01/2011 5:02:33 PM PDT by Red Steel
Real estate mogul Donald Trump said Thursday that the US is being ripped off by the rest of the world, but he would change if he were president.
"If I decide to run, we are not going to have the kinds of problems we have now because I won't be taken advantage of by the rest of the world," Trump told FOX News Channel's Bill O'Reilly.
"We are being ripped off by the rest of the world to the tune of trillions of dollars," Trump said. "I am not talking about the old word, billions. I am talking about the new word, trillions."
Trump says he knows just how to fix things, starting with China.
"Twenty-five percent tax on China, unless they behave," he said.
"You're threatening China with a trade bill. Twenty-five percent tariff. That's big," O'Reilly retorted.
"No, they're threatening us.
(Excerpt) Read more at myfoxmemphis.com ...
Charge our companies 25% extra due to a tariff and and we would lose our manufacturing due to our competition underpricing us by 25%. Liberals love tariffs because they are taxes and they help communist China and hurt America.
I can't believe you support Lincoln's favorite tax, the tariff. lol
Lincoln was right about almost everything but the tariff.
Exactly, where are all of the tariff loving Yankees of the 19th century when you need them?
Always a step ahead. :^)
Liberals love to overuse the word "our" because they love the collective and they love consensus and they love implying that they care about whatever "our" they're going on about at any given moment, and they always are.
One thing a tariff would do, would be to immediately increase employment in those sectors of the domestic economy that are under severe pricing pressure from Chinese imports. That is a fact. Another thing it would do, would be to encourage the return of numerous manufacturing operations and even call centers and such due to shifting the cost equation back into the favor of domestic sources.
So-called "Free Trade" has been a one way street leading out of China and into the United States, depressing wages to match the depressed price of consumer goods manufactured there. No net benefit, in other words, with a great deal of control over our own destinies ceded to a nation with which we've been at odds, that spies upon us, whose military leadership loves to occasionally rattle sabers and make not-so-veiled threats toward.
This is not a nation that we want to build up. For goodness sakes, we're actually paying for their burgeoning industrial might ourselves. That's the rope we're selling them with which to hang ourselves. I am shocked and dismayed that any putative "conservative" cannot see that. You have to be blinded by dollar signs, that's the only possible explanation.
Don't come crying to mommy when your factories are expropriated, that's all I've got to say. Fools, the lot of you.
The fools are the ones that want to punish our companies to the tune of 25% and then expect them to compete with foreign comapnies who aren't paying the extra 25%.
Again decrease regulation to a common sense level, eliminate the corporate tax, eliminate all other taxes and fees except for a 10% flat income tax, a land acreage atx, loser pays court costs, and perhaps infrastruture fees and we would have the most efficient taxation system in the world. Trade deals and trade wars would be unnecessary because any nation imposing their own tariffs would only be hurting themselves.
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