Posted on 11/22/2024 4:30:23 PM PST by Mr. Mojo
Tariffs have a long and storied history as both a revenue-raising tool and a way of protecting strategically important industries in our country.
For months, economic commentators parroted the Harris campaign’s misleading talking point that tariffs are a "sales tax." Like much of economists’ conventional wisdom, this view is fundamentally incorrect. The reflexive opposition to tariffs represents political ideology and advocacy, not considered economic thought.
The truth is that tariffs have a long and storied history as both a revenue-raising tool and a way of protecting strategically important industries in the U.S. President-elect Trump has added a third leg to the stool: tariffs as a negotiating tool with our trading partners.
Prior to the 16th Amendment, which authorized the individual income tax, tariffs had been one of the federal government’s chief sources of funding. Our first Treasury Secretary, Alexander Hamilton, also happened to be America’s original proponent of tariffs. But after World War II, a consensus coalesced around multilateral tariff disarmament. The promise of this new free-trade consensus was that any economic dislocations caused by globalization would be offset by increased prosperity for all. In the U.S. especially, this conviction was accompanied by a faith that free trade would lead to political freedom in other countries, such as Communist China. Neither of these predictions has proven to be correct.
The U.S. opened its markets to the world, but China's resulting economic growth has only cemented the hold of a despotic regime. In the interim, we've hollowed out our manufacturing base, leaving a trail of devastation through swathes of our country’s heartland. We've also created key national security vulnerabilities. The truth is that other countries have taken advantage of the U.S.’s openness for far too long, because we allowed them to. Tariffs are a means to finally stand up for Americans.
(Excerpt) Read more at foxnews.com ...
If we tariff foreign countries, then Americans can pay less taxes.
What is the Soros Fund he used to manage ?
Exactly. It is time to make foreign countries Kay their part instead of Americans.
What is the Soros Fund he used to manage ?
The one where he learned all about money/workings of money?
Can’t recall the name of the fund, tho....was long ago.
Why do you ask?
I believe in tariffs for items crucial to national defense, like steel.
The most important reform is a blocked currency like India has. The Chinese stuff would get paid for by US dollars that would be lent to the federal government at 0% interest until the Chinese use those dollars to pay American workers or buy American goods.
Very simple explanation and to the point. Simple enough for the free traitor morons to understand.
They’ve been dumping steel as far back as I can remember...back to the ‘60s.
Tariffs protect vital industries important to nations
If we had a truly free and open global market, then I might agree with their concerns. But such a thing exists only in the imaginations of the free traders. Therefore, we are fools to refuse to use the tool of tariffs to level the playing field against those other trading “partners” who use them against us.
Trump has recently latched onto exactly the right way to view tariffs as it pertains to the American consumer market. Our consumer market is the largest in the world and is highly desirable to foreign businesses. When you possess something of great perceived value you don’t just give it away, you demand a correspondingly high price to access it. It is long past time that we viewed our market as a product, and exact an appropriate price to access it, just as our “partners” do with theirs.
Thanks for posting this.
The duel?
Importing chinese stuff is not really any different than opening the border like Biden has done and letting illegals overrun us. Leftists whine that if you kick out the illegals then the price of food will go up. Good! That's what should happen. That cheap food isn't cheap when we pay for their free health care, their crime, their anchor baby's education, their housing, etc. All anyone can think about is getting lettuce for $1 a head while ignoring our entire country gradually morphing into a dump full of third worlders. That lettuce is costing us a whole lot more than $1. Kick them out, close the border, and yes, your lettuce will go up a bit because you'll have to pay an American to pick it. Meanwhile that guy has a job and we're not paying for him to sit home on welfare.
Whether we import products from China because they're cheap or you bring the cheap labor into the U.S. by ignoring the flood of illegals, the end result is the same, you destroy the quality of life of Americans. Trump realizes that tariffs are a tool to stop the off shoring of manufacturing by using economic leverage to make not worthwhile to manufacture in china. That's a good thing. Likewise the illegals are here because U.S. employers don't want to pay U.S. wages. Make it NOT to their economic advantage to employ illegals and you remove the reason for the illegals to be here.
You can add all electronics and microprocessors to that. Our military is incredibly dependent on those in order to operate. And we have given away virtually all that production to foreign powers.
Up until Woodrow Wilson tariffs financed most of the Federal government. In the late eighteen hundreds there was an election where one of the major issues was the excess money in the U.S. Treasury. The politicians figured out a way to solve that problem and haven’t looked back . . . until now.
Furthermore, I assume there are ChiCom moles embedded in every Taiwan-based company that produces electronics there.
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