[Mr. Lucky]

You're willing to take that gamble because it's not your oil.

I would be willing to bet your farm on the Kentucky Derby. If the government were to give me that authority, your farm wouldn't be worth much by the time the next Derby came around. The same holds true with oil that somebody else produces.

[C. Edmund Wright]

You're willing to take that gamble because it's not your oil.

With every post, Danny emerges as more and more of an economic leftist, not to mention ignorant of economics - but alas, I repeat myself. You nailed him on this point, his willingness to "take that gamble" when it's nothing of his being gambled. Yep, typical occupy wall street lo fo, economically speaking. And now, exposed in his own words.

[DannyTN]

Well I grant you that tariffing exports has a fairness factor to be considered in that applying a new export tariff reduces the value of assets held by American citizens. Though I would argue that total taxes on exports should be at least equivalent to total taxes on domestic sales.

However, I don't think that consideration applies when tariffing imports. Import tariffs should be at least equivalent to the taxes that would have been collected had the product been made in America.