Posted on 03/20/2016 2:57:17 PM PDT by central_va
The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution.
(Excerpt) Read more at businessinsider.com ...
The problem is that an 8th Grade Education in the 40s was far superior to a college education, today!
The relentless push of celebrity worship and sports obsession plus the huge distraction of the Internet has, in my opinion, created a populace of completely detached people who think whatever Jon Stewart and Michael Moore tell them to think.
You are the same person who tried to assert that union labor costs would be comparable across different manufacturing processes. Now you are asserting that conclusions can’t be drawn across different products? Seems that logical consistency is not one of your strong suits. Besides, the effect of a tariff is on the importation of the product, not the manufacture of it. The manufacturing determines the limit to which a business can change its production to try and defeat the tariff... not on the effect of the tariff on the consumers...
No, I teach history, which shows that we had manufacturing expansion while we had tariffs, particularly in the late 1800s when we had much of our growth in economic terms take place.
Agriculture does create wealth but not as quickly as manufacturing. A country that exports only agricultural goods and imports all of its manufactured goods is going to be perpetually poor, go bankrupt eventually or run a huge deficit.
With smaller tariffs, would the growth in the 1800s have been smaller or larger? Did they act as wings or as shackles? History can't tell us that. Only economic principles have guesses (and they aren't much better than that) as to the effect of any economic policies. And I haven't heard any economic principles here so far that couldn't be written on a matchbook... in crayon...
Trump, the only candidate talking about $1,000,000,000,000 foreign trade DEFICIT EVERY YEAR, which is main reason middle class jobs have disappeared from the United States. All others are slaves to their ultra rich sugar daddy’s.
For example:
Despite Cruzs attacks on his partys donor class and establishment, the Texas senator Ted Cruz^s GOP campaign has received $37 million from just four donors.
The Wilks family of Cisco, Texas, New York hedge fund tycoon Bob Mercer, Texas energy investor Toby Neugebauer and Illinois manufacturing moguls Dick and Liz Uihlein.
Do you think that money was handed over to Cruz campaign because of his debating skills?
Without the War of Independence and trade tariffs North America would have missed the industrialist revolution. Hitler wins WWII and we all speak German.
Brittan would have chocked off industrial development.
That's the 1970's American auto and steel industries described to a nicety.
Lazy, incompetent workers, unions and management who produced a crap product at too high a price because there was no competition to keep them on their toes.
Exactly what we would get if we brought back high tariffs.
Thank you for providing the evidence that you asked for. You can build a factory anywhere? One without infrastructure? How will you power your third-world factory (I hear windmills are coming back in vogue)? How will you transport the raw materials and finished products without rail, trucks, or ships? How will you produce at a high rate of speed and skill with a population with a backwards culture and work ethic (part of the reason they are "third world" in the first place)? Factories are limited by "climate" as much as agriculture, except the "climate" isn't restricted to the weather.
It is plain that you've never run a business that produces a tangible product. The situational hurdles are as real as poor soil and lack of rain. But hey, don't let any of that interfere with your simplistic worldview...
Actually the cars made in the 1960's and early 70s were very desirable and people loved them.
Before the 1850s, 95% of the federal budget was paid by tariffs. By 1865, just 25% of the budget was paid by tariffs. By 1945 this dropped to 1% or so at a less than 10% tariff and has stayed there since.
If you can build a factory in Vietnam you can build one anywhere. 30 years ago the Chinese were backwards dung burning rice pickers. Now look what we gave them.
| U.S. Historical Tariffs (Customs) Collections by Federal Government (All dollar amounts are in millions of U.S. dollars)[1][2][3][4][5][6] |
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|---|---|---|---|---|---|---|
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| Year | Tariff Income |
Budget % Tariff |
Federal Receipts |
Income Tax |
Payroll Tax |
Average Tariff |
| 1792 | $4.4 | 95.0% | $4.6 | $- | $- | 15.1% |
| 1795 | $5.6 | 91.6% | $6.1 | $- | $- | 8.0% |
| 1800 | $9.1 | 83.7% | $10.8 | $- | $- | 10.0% |
| 1805 | $12.9 | 95.4% | $13.6 | $- | $- | 10.7% |
| 1810 | $8.6 | 91.5% | $9.4 | $- | $- | 10.1% |
| 1815 | $7.3 | 46.4% | $15.7 | $- | $- | 6.5% |
| 1820 | $15.0 | 83.9% | $17.9 | $- | $- | 20.2% |
| 1825 | $20.1 | 97.9% | $20.5 | $- | $- | 22.3% |
| 1830 | $21.9 | 88.2% | $24.8 | $- | $- | 35.0% |
| 1835 | $19.4 | 54.1% | $35.8 | $- | $- | 14.2% |
| 1840 | $12.5 | 64.2% | $19.5 | $- | $- | 12.7% |
| 1845 | $27.5 | 91.9% | $30.0 | $- | $- | 24.3% |
| 1850 | $39.7 | 91.0% | $43.6 | $- | $- | 22.9% |
| 1855 | $53.0 | 81.2% | $65.4 | $- | $- | 20.6% |
| 1860 | $53.2 | 94.9% | $56.1 | $- | $- | 15.0% |
| 1863 | $63.0 | 55.9% | $112.7 | $- | $- | 25.9% |
| 1864 | $102.3 | 38.7% | $264.6 | $- | $- | 32.3% |
| 1865 | $84.9 | 25.4% | $333.7 | $61.0 | $- | 35.6% |
| 1870 | $194.5 | 47.3% | $411.3 | $37.8 | $- | 44.6% |
| 1875 | $157.2 | 54.6% | $288.0 | $- | $- | 36.1% |
| 1880 | $184.5 | 55.3% | $333.5 | $- | $- | 27.6% |
| 1885 | $181.5 | 56.1% | $323.7 | $- | $- | 32.6% |
| 1890 | $229.7 | 57.0% | $403.1 | $- | $- | 27.6% |
| 1900 | $233.2 | 41.1% | $567.2 | $- | $- | 27.4% |
| 1910 | $233.7 | 34.6% | $675.2 | $- | $- | 15.0% |
| 1913 | $318.8 | 44.0% | $724.1 | $35.0 | $- | 17.6% |
| 1915 | $209.8 | 30.1% | $697.9 | $47.0 | $- | 12.5% |
| 1916 | $213.7 | 27.3% | $782.5 | $121.0 | $- | 8.9% |
| 1917 | $225.9 | 20.1% | $1,124.3 | $373.0 | $- | 7.7% |
| 1918 | $947.0 | 25.8% | $3,664.6 | $2,720.0 | $- | 31.2% |
| 1920 | $886.0 | 13.2% | $6,694.6 | $4,032.0 | $- | 16.8% |
| 1925 | $547.6 | 14.5% | $3,780.1 | $1,697.0 | $- | 13.0% |
| 1928 | $566.0 | 14.0% | $4,042.3 | $2,088.0 | $- | 13.8% |
| 1930 | $587.0 | 14.1% | $4,177.9 | $2,300.0 | $- | 19.2% |
| 1935 | $318.8 | 8.4% | $3,800.5 | $1,100.0 | $- | 15.6% |
| 1940 | $331.0 | 6.1% | $5,387.1 | $2,100.0 | $800.0 | 12.6% |
| 1942 | $369.0 | 2.9% | $12,799.1 | $7,900.0 | $1,200.0 | 13.4% |
| 1944 | $417.0 | 0.9% | $44,148.9 | $34,400.0 | $1,900.0 | 10.6% |
| 1946 | $424.0 | 0.9% | $46,400.0 | $28,000.0 | $1,900.0 | 7.7% |
| 1948 | $408.0 | 0.9% | $47,300.0 | $29,000.0 | $2,500.0 | 5.5% |
| 1950 | $407.0 | 0.9% | $43,800.0 | $26,200.0 | $3,000.0 | 4.5% |
| 1951 | $609.0 | 1.1% | $56,700.0 | $35,700.0 | $4,100.0 | 5.5% |
| 1955 | $585.0 | 0.8% | $71,900.0 | $46,400.0 | $6,100.0 | 5.1% |
| 1960 | $1,105.0 | 1.1% | $99,800.0 | $62,200.0 | $12,200.0 | 7.3% |
| 1965 | $1,442.0 | 1.2% | $116,800.0 | $74,300.0 | $22,200.0 | 6.7% |
| 1970 | $2,430.0 | 1.3% | $192,800.0 | $123,200.0 | $44,400.0 | 6.0% |
| 1975 | $3,676.0 | 1.3% | $279,100.0 | $163,000.0 | $84,500.0 | 3.7% |
| 1980 | $7,174.0 | 1.4% | $517,100.0 | $308,700.0 | $157,800.0 | 2.9% |
| 1985 | $12,079.0 | 1.6% | $734,000.0 | $395,900.0 | $255,200.0 | 3.6% |
| 1990 | $11,500.0 | 1.1% | $1,032,000.0 | $560,400.0 | $380,000.0 | 2.8% |
| 1995 | $19,301.0 | 1.4% | $1,361,000.0 | $747,200.0 | $484,500.0 | 2.6% |
| 2000 | $19,914.0 | 1.0% | $2,025,200.0 | $1,211,700.0 | $652,900.0 | 1.6% |
| 2005 | $23,379.0 | 1.1% | $2,153,600.0 | $1,205,500.0 | $794,100.0 | 1.4% |
| 2010 | $25,298.0 | 1.2% | $2,162,700.0 | $1,090,000.0 | $864,800.0 | 1.3% |
| -------------------------------------------------------------------------------------------- | ||||||
| Notes: All dollar amounts are in millions of U.S. dollars Income taxes include Individual and Corporate taxes Federal expenditures often exceed Revenue by temporary borrowings. Initially the U.S. Federal Government was financed mainly by customs(tariffs Average Tariff Rate % = Customs Revenue/ cost of Imports (goods). Other taxes collected are: Income Tax, Corporate Income Tax, Inheritance, Tariffs—often called Customs or duties on imports, etc. Income Taxes began in 1913 with the passage of 16th Amendment. Payroll taxes are Social Security and Medicare taxes Payroll Taxes began in 1940. Many Federal government Excise taxes are assigned to Trust Funds and are collected for and “dedicated” to a particular Trust. Sources: |
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Then your fame and fortune awaits! All you need to do is start building factories in sub-Saharan Africa. Might I suggest Zimbabwe as a particularly nice spot (uncontaminated by anything so handicapping as an industrial base to compete with you). What are you waiting for?
Seems like it popped right back up over the next 5 years to around 50%. BusTED.
There are aspirin factories in the Sudan that Clinton tomahawked. Remember that?
Allow me to give you a bit of advice. Beware the First Law of Holes: "Once you are in one, stop digging..."
Vietnam and China were as backward as them come 30 years ago. Explain that? China 30-40 years ago was North Korea just on a huge scale.
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