Posted on 02/28/2017 9:41:52 AM PST by EveningStar
Well we still technically have a tariff system in place, it just averages 1% which is a fraction of the taxes that domestic producers pay.
So we aren’t putting a new system in place. We should restore the tariffs back to where they used to be, and lower income taxes.
THe world has changed, and government has greater responsibilities than they had our first 100 years, so they do need more taxes. And the income tax is a lot more stable than consumption taxes.
I have hand-manufactured a small sewing notion for 30 years. It is a perennial in its market and sells without any advertising or promotion in the past 20 years. One of my distributors has wholesale accounts in Canada, so every year, I must fill out a form verifying that all my raw materials are of US origin.
It isn’t a big deal in terms of time. The distributor sends me the form, I sign & return and that’s it. But no one has ever checked. To be honest, I have no way of knowing where my suppliers source their materials. For 23 years, I have assumed the very small American suppliers sell domestic materials and that is what I put on the form. No further verification ha ever been requested.
Consumer price hikes - short term or long term - are not the only considerations (unless you a disingenuous communist or neocon):
Regaining national sovereignty is of paramount importance; destroying the crony capitalism is concomitant with that.
Even if this could be proven to result, I would still be for it: NAFTA is globalism, and globalism is anti-American.
BS.
That consumer is far better off having a job, and his community is far better off having that car plant and all the businesses it takes to support it.
Small price to be done with Chinese slave and prison labor the US has to compete with.
A telling admission, and I love the use of the word "sacrifice" in this context.
Would you sacrifice your own funds to buy American, Danny? Or do you require compulsion from Washington, DC?
No, we hang together or we hang separately.
I’m already paying for the unemployed Americans due to the cheap imports. And I’m paying their share of the taxes because they aren’t working. So I’m taking advantage of that cheap import, because I’m already paying for it twice whether I buy it or not.
And it’s even worse at the company level. If you don’t offshore your production and sell back to America, then your competition will. Not offshoring is an out of business strategy given current government trade policy.
That is foolish.
There must be exceptions for small businesses.
It’s no problem at all for the big ones, but a barrier to new, small business- the ones we want to encourage (and political donors want to burden).
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