Interesting thought when people now consider shift work at McDonalds a career and demand a 'living wage' for what should be part time employment for teenagers.
We are living on cheap imports. Would raising tariffs really make factories in the United States spring back to life or would it just destroy our purchasing power?
Yep. Good point.
I can just see the thousands of business lining up to come to the U.S. now that this news is out! (/s)
It would incent our heroic "Captains of Industry" to consider building new plants, possible more automated ones, in Right-To-Work states. It would also lower FedGov™ dependency on income taxes. Which would alleviate the lower purchasing power argument. It would lower our deficit. So I am in favor of import tariffs. Just like our very long sighted and wise founding fathers.
We are liquidating our country to live on cheap imports. Raising the tariffs would cause factories in the U.S. to spring back to life. Purchasing power would be hurt initially, but as 23% of the nation goes back to work, we'd have a lot more purchasing power and total wealth. Gov't revenues would rise due to the increased employment, even as outlays fell because of fewer people on safety net programs. So our national debt and budget problems would be reduced.
