Posted on 09/14/2018 8:00:24 PM PDT by cba123
U.S. stocks posted a late rally to close mostly higher for a fifth consecutive day, led by gains in the financial and energy sectors. The dollar strengthened after U.S. 10-year note yields briefly climbed past 3 percent.
The S&P 500 and Dow finished just in the green after slumping midday, when Bloomberg News reported that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products.
(please see full article, at the link)
(Excerpt) Read more at newsmax.com ...
If Americans buy the tariffed goods because they are still a good buy, the tariffs will in effect be meaningless.
There is always the possibility that tariffs might be raised, to provide further motivation.
A lot of people have been selling out America for a very, very long time.
A generation and a half, actually.
It is time to bring American production, back to America.
For the record.....
We are now operating at near full employment. Many manufacturers can’t find qualified people.
If you say so...
Taxes run the government. The healthiest of taxes is one that encourages you to help your fellow tax payer down the street over helping some guy in China. Taxing income discourages earning reportable income. Welfare encourages people to get free stuff.
We had excise taxes from the creation of this country. It greatly encouraged our growth and independence, because those werent taxed. We became the single greatest country in the world in under 200 years due to that.
We do not exist to encourage any countrys growth but our own. If a citizen or company is cheating our supply chain out of the benefit that in-country taxation brings and has always brought, that citizen or company should pay a penalty. That they havent been shows they received benefits they, in the vast amount of our countrys history, did not have. They fundamentally disagree with our Founding Fathers and our history through at least the 1910s.
A lack of excise taxes is directly analogous to a country without any way to limit immigration. Both allow the outside to benefit without penalty, with the penalty only paid by that countrys inhabitants. If everything is perfectly healthy, both circumstances bring something that could help the country prosper with additional revenue generation we could not have achieved on our own. But, the reality is, there should be extremely little we cannot do on our own. When we do not encourage such independence, we are encouraging our destruction. Why not tax or limit negative behaviors? In discussing elimination of either untaxed trade or free immigration, we are not prohibiting the actionswe are merely taxing or limiting the velocity of the potentially bad behavior.
We are at an unhealthy juncture in our history. We have a Deep State, enormous national debt, huge numbers of unknown invaders, large percentages of people encouraging socialism, a general lack of understanding of the principles that served as the bedrock of our country, and a humongous government not capable of doing its fundamental job.
We need to unwind this. Our president is trying to do so, using methods the embedded cast of characters has difficulty countering, at this time.
I do not see any issue with using the excise tax. I also do not see anything wrong with reducing our income tax, either on business or individuals. Both are being done.
Do you not see how this is healthy?
You, cba123, and others need a whipping out back, because you have no lick of sense about you. In a past life, were you the Jews who got Jesus crucified?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.