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To: Bratch

Tariffs are not the answer. The answer is to get rid of labor cartels, excessive requlations, taxation, and government control. Tariffs will just increase prices, give labor cartels more power, and trigger a global trade war reducting economic activity world wide.


2 posted on 09/05/2011 9:56:49 PM PDT by businessprofessor
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To: businessprofessor
There is also another inconvenient fact to those who say we don't manufacturing anything anymore.

We are still the number one manufacturer in the world. That's not to say there aren't serious problems but facts are facts.

10 posted on 09/05/2011 10:05:18 PM PDT by DB
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To: businessprofessor

Free trade is for chumps and losers. China does just fine with tariffs and barriers to entry. So does Japan, Taiwan and Korea. Tariffs have worked out great for America in our past and we can do it again.


22 posted on 09/05/2011 10:17:01 PM PDT by dennisw (nzt - works better if you're already smart)
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To: businessprofessor

Tariffs are a tax, and their effect on an economy has to be seen in light of total taxation. There is a tax rate at which income of government is optimized (Laffer curve peak). Assuming the tax rate to be optimal now (which it may not be, but for sake of argument suppose it is) then one could push tariffs up if in compensation one pushed other taxes down, and end up with no net impact on the economy.

There is something to be said for national self sufficiency helping national security.


40 posted on 09/05/2011 10:59:08 PM PDT by HiTech RedNeck (There's gonna be a Redneck Revolution! (See my freep page) [rednecks come in many colors])
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