Or we put a tariff on EVERYBODY and guess what? American companies get ramped up with robotic assembly lines which give jobs to a few thousand robot repairmen, period, end of story.
After all the damage of a trade war.
Freepers who clearly understand that you can't just pay burger flippers $15 an hour don't seem to get it that the days of millions of American men standing on the line, bolting together washing machines, or snapping tubes into TV chassis, are over. Over.
We need to figure out how to make an economy work under that reality.
Freepers who clearly understand that you can’t just pay burger flippers $15 an hour don’t seem to get it that the days of millions of American men standing on the line, bolting together washing machines, or snapping tubes into TV chassis, are over. Over.
We need to figure out how to make an economy work under that reality.
The “reality” is that Goldman Sachs & the rest of the transnational crony capitalists do not give a flip about Main Street. Do you think they care if a Mexican flop house opens next door to you? Do you think they care if your kids teacher doesn’t have time for them because the class is full of non English speakers?
We need to pump the breaks now. We’re being led by the nose by people who do not have our best interests at heart. Until people like you understand that nothing will change.
Tariff Act of 1789
Michael P. Malloy
The Tariff Act of 1789 (1 Stat. 24), signed into law by President George Washington on July 4, 1789, was the first substantive legislation passed by the first Congress. This act, together with the Collection Act of 1789, operated as a device both to protect trade and to raise revenues for the federal government. The constitutional authority for the act is found in the powers given to Congress “to lay and collect Taxes, Duties, Imports and Excises” and “to regulate Commerce with foreign Nations.” Among other things, the act established the first schedule of import duties and created an additional duty of 10 percent on imports carried on vessels “not of the United States.”
U.S. TRADE POLICY
The specific provisions of the act are of little interest (by 1799 it had been superseded by subsequent, more detailed legislation). However, the act remains significant for setting the basics of U.S. trade policy. In supporting its enactment, Alexander Hamilton argued that tariffs would encourage domestic industry. Other nations offered their industries significant subsidies, or money given by a government to support a private business. Hamilton contended that a tariff would protect U.S. industry from the effects of these subsidies. (Concerns over “dumping” -imported goods sold at less than their fair value to gain unfair advantage over domestic goods—would also be addressed in the Tariff Act of 1816.) Another argument in favor of tariffs is now easy to forget. Before the income tax was authorized by the Sixteenth Amendment in 1913, the tariff was a key source of federal revenue. Thus, for over a century import duties (along with domestic excise taxes) were the major source of government revenue, with sugar duties alone accounting for approximately 20 percent of all import duties.
http://www.encyclopedia.com/doc/1G2-3407400280.html