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To: dragnet2
Perhaps it is time for a profit and loss statement of its costs and benefits. Undeniably, free trade has been a bonanza for the top 1 percent and many among our top 10 percent.

If to what you refer is crony capitalism, then I'd like to see an argument that crony capitalism can be eliminated (or reduced) by raising tariffs.

It's a little known fact that, when a U.S. company brings a trade complaint to the U.S. government, the taxpayer foots the bill for that company's legal representation via the USTR (or the USITC--I forget which). So there is little incentive to reduce frivolous complaints. The end result is that U.S. taxpayers pay to get themselves screwed by the U.S. government, with the company/industry getting the benefit. What was I saying about crony capitalism?

107 posted on 01/24/2014 10:00:32 AM PST by 1rudeboy
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To: 1rudeboy

Open borders for big biz cheap labor, controlling punitive biggov, and free trade for the wealthy 10 percent, have economically gang raped the American middle class.


112 posted on 01/24/2014 10:06:23 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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